The aim of this paper is to show new empirical results on the statistical properties of absolute log returns, defined as the absolute value of the log return, in a stock market. We used the daily data of the Nikkei 225 index of the 28-year period from January of 1975 to December of 2002, and...

In this paper, we quantitatively investigate the statistical properties of an ensemble of stock prices. We selected 1200 stocks traded in the Tokyo Stock Exchange and formed a statistical ensemble of daily stock prices for each trading day in the 5 year period from January 4, 1988 to December...

In this study, we investigate quantitatively statistical properties of a ensemble of land prices in Japan in the period from 1981 to 2002, corresponding to a period of bubbles and crashes. We found that the tail of the complementary cumulative distribution function of the ensemble of land prices...