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Definition of frustration is expressed by transitivity of binary entanglementrelation in considered complex system. Extending this definition into n-aryrelation a hierarchy of frustrations is derived. As a complex system the U.S.Intermarket is chosen where the correlation coefficient of intermarket sectorsplays the role of entanglement measure. In each hierarchy level the frustrationand the transitivity are interpreted as values of an order of measure forcorresponding subsystem. The derived theory is applied to 1983-2012 data of theU.S. Intermarket.

Hierarchy of Frustrations as Supplementary Indices in Complex System Dynamics, Applied to the U.S. Intermarket