The Research of the Characteristics of China's Natural Rubber Futures Market Based on the MF-DFA Method

Zaiqiang HUO, Yan ZHANG, Xiaohua LU, Yanan LI


Basing on the MF-DFA method, this paper analyzes the characteristics of China’s natural rubber futures market, which includes the fractal characteristics, effectiveness, long-term memory, market risk and so on. The research reveals the facts that the China natural rubber futures market has not reached the level of weak effective market; it also did not have the characteristics of long-term memory and contains very high risk. Effectively applying the MF-DFA method, this paper aims to improve the accuracy of the calculating result, and putting forward some reasonable suggestions on the development of China’s natural rubber futures market.


Multifractal theory; MF-DFA method; China’s natural rubber futures; Effective market theory; Long-term memory; Market risk

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