“…The main advantage of employing graph kernels is that they can offer us an effective way of mapping the network structures into a high dimensional space so that the standard kernel machinery for * Corresponding Author vectorial data is applicable to the network analysis. Most existing graph kernels are based on the idea of decomposing graphs or networks into substructures and then measuring pairs of isomorphic substructures [Haussler, 1999], e.g., graph kernels based on counting pairs of isomorphic a) paths [Borgwardt and Kriegel, 2005], b) walks [Kashima et al, 2003], and c) subgraphs [Bai et al, 2015b] or subtrees [Shervashidze et al, 2009]. Unfortunately, directly adopting these graph kernels to analyze the time-varying financial networks inferred from original vectorial time series tends to be elusive.…”