“…If y m (t) is share price of mth stock on day t, we consider (as is conventional in such studies) x m (t) = ln(y m (t)/y m (t − 1)) as the time series to analyze, yielding n = 1258 and p = 97. These 97 stocks are classified into 11 sectors (according to the Global Industry Classification Standard) and we order the nodes to group them as information technology (nodes 1-12), health care (13)(14)(15)(16)(17)(18)(19)(20)(21)(22)(23)(24)(25)(26)(27), financials (28)(29)(30)(31)(32)(33)(34)(35)(36)(37)(38)(39)(40)(41)(42)(43)(44), real estate (45-46), consumer discretionary (47-56), industrials (57-68), communication services (69-76), consumer staples (77-87), energy (88-92), materials (93), utilities (94-97). For each m, x m (t) was centered and normalized to unit variance.…”