Response to the following:
A Dendrogram Using Single Linkage and Hierarchical Procedures
Sample correlations for five stocks are given. Treating the sample correlations as similarity measures, cluster the stocks using the single linkage and complete linkage hierarchical procedures. Draw the dendrogram and compare the results.
JPMORGAN Citibank WellsFargo RoyalDS ExxonMobil
JPMORGAN 1
Citibank 0.63 1
WellsFargo 0.51 0.57 1
RoyalDS 0.12 0.32 0.18 1
xonMobil 0.16 0.21 0.15 0.68 1