Dynamic Cross-Correlations between Participants’ Attentions to P2P Lending and Offline Loan in the Private Lending Market

Table 2

Cross-correlation scaling exponents for P2P-loan with varying from −10 to 10.

q	P2P-loan
	= 234
	−10	0.9827	1.6497
−9	0.9802	1.6411
−8	0.9782	1.6310
−7	0.9771	1.6189
−6	0.9776	1.6045
−5	0.9806	1.5875
−4	0.9868	1.5684
−3	0.9966	1.5485
−2	1.0087	1.5302
−1	1.0202	1.5159
0	1.0267	1.5061
1	1.0233	1.4984
2	1.0074	1.4895
3	0.9821	1.4777
4	0.9537	1.4634
5	0.9271	1.4484
6	0.9041	1.4339
7	0.8848	1.4208
8	0.8689	1.4094
9	0.8556	1.3996
10	0.8445	1.3913
	0.1821	0.2584

is a turning point at which the linear tendency of the curve changes fundamentally. When , the scale exponent denotes short-term-related behavior. And when , the scale exponent reflects long-term-related behavior. indicates the order of fluctuation function described in equation (5). denotes the degree of multifractality.