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This article applies natural language processing (NLP) to extract and quantify textual information to predict stock performance. Using an extensive dataset of Chinese analyst reports and employing a customized BERT deep learning model for…

Computation and Language · Computer Science 2025-03-19 Rui Liu , Jiayou Liang , Haolong Chen , Yujia Hu

In this paper, we study the dynamics of absolute return, trading volume and bid-ask spread after the trading halts using high-frequency data from the Shanghai Stock Exchange. We deal with all three types of trading halts, namely intraday…

Trading and Market Microstructure · Quantitative Finance 2014-06-24 Hai-Chuan Xu , Wei Zhang , Yi-Fang Liu

The critical dynamics of conformal field theories on random surfaces is investigated beyond the previously studied dynamics of the overall area and the genus. It is found that the evolution of the order parameter in physical time performs a…

High Energy Physics - Theory · Physics 2025-11-04 Christof Schmidhuber

The dynamics of prices in financial markets has been studied intensively both experimentally (data analysis) and theoretically (models). Nevertheless, a complete stochastic characterization of volatility is still lacking. What it is well…

Statistical Mechanics · Physics 2009-10-31 Michele Pasquini , Maurizio Serva

Multifractals arise in various systems across nature whose scaling behavior is characterized by a continuous spectrum of multifractal exponents $\Delta_q$. In the context of Anderson transitions, the multifractality of critical wave…

Disordered Systems and Neural Networks · Physics 2024-01-03 Jaychandran Padayasi , Ilya A. Gruzberg

Large variations in stock prices happen with sufficient frequency to raise doubts about existing models, which all fail to account for non-Gaussian statistics. We construct simple models of a stock market, and argue that the large…

Condensed Matter · Physics 2015-06-25 P. Bak , M. Paczuski , M. Shubik

There is more and more empirical evidence that multifractality constitutes another and perhaps the most significant financial stylized fact. A realistic model of the financial dynamics should therefore incorporate this effect. The most…

Physics and Society · Physics 2008-12-02 P. Oswiecimka , J. Kwapien , S. Drozdz , A. Z. Gorski , R. Rak

Scaling properties in financial fluctuations are reviewed from the standpoint of statistical physics. We firstly show theoretically that the balance of demand and supply enhances fluctuations due to the underlying phase transition…

Statistical Mechanics · Physics 2008-12-10 H. Takayasu , M. Takayasu , M. P. Okazaki , K. Marumo , T. Shimizu

In this paper we study BSE Index financial time series for fractal and multifractal behaviour. We show that Bombay stock Exchange (BSE)Index time series is mono-fractal and can be represented by a fractional Brownian motion.

Statistical Mechanics · Physics 2009-11-07 Ashok Razdan

This paper presents a sophisticated multi-day turnover quantitative trading algorithm that integrates advanced deep learning techniques with comprehensive cross-sectional stock prediction for the Chinese A-share market. Our framework…

Computational Engineering, Finance, and Science · Computer Science 2025-06-10 Yimin Du

A multifractal analysis to study the multiparticle dynamics in 60A and 200A GeV/c 16O-AgBr collisions has been performed in the pseudorapidity phase space. Multifractal moments Gq as the function of pseudorapidity bin size for different…

High Energy Physics - Experiment · Physics 2020-08-25 Nazeer Ahmad , Tufail Ahmad , Omveer Singh , Shakeel Ahmad

We propose a simple stochastic volatility model which is analytically tractable, very easy to simulate and which captures some relevant stylized facts of financial assets, including scaling properties. In particular, the model displays a…

Statistical Finance · Quantitative Finance 2012-04-20 Alessandro Andreoli , Francesco Caravenna , Paolo Dai Pra , Gustavo Posta

Market liquidity plays a vital role in the field of market micro-structure, because it is the vigor of the financial market. This paper uses a variable called convexity to measure the potential liquidity provided by order-book. Based on the…

Trading and Market Microstructure · Quantitative Finance 2012-11-12 Kenan Qiao

Data series generated by complex systems exhibit fluctuations on many time scales and/or broad distributions of the values. In both equilibrium and non-equilibrium situations, the natural fluctuations are often found to follow a scaling…

Data Analysis, Statistics and Probability · Physics 2008-04-07 Jan W. Kantelhardt

We consider a mean-reverting stochastic volatility model which satisfies some relevant stylized facts of financial markets. We introduce an algorithm for the detection of peaks in the volatility profile, that we apply to the time series of…

Statistical Finance · Quantitative Finance 2016-12-05 Mario Bonino , Matteo Camelia , Paolo Pigato

The distribution function of local amplitudes of eigenstates of a two-dimensional disordered metal is calculated. Although the distribution of comparatively small amplitudes is governed by laws similar to those known from the random matrix…

Condensed Matter · Physics 2016-08-31 Vladimir I. Fal'ko , K. B. Efetov

Many popular random partition models, such as the Chinese restaurant process and its two-parameter extension, fall in the class of exchangeable random partitions, and have found wide applicability in model-based clustering, population…

Methodology · Statistics 2017-11-21 Giuseppe Di Benedetto , François Caron , Yee Whye Teh

In this paper we present a rather general phenomenological theory of tick-by-tick dynamics in financial markets. Many well-known aspects, such as the L\'evy scaling form, follow as particular cases of the theory. The theory fully takes into…

Disordered Systems and Neural Networks · Physics 2009-10-31 Enrico Scalas , Rudolf Gorenflo , Francesco Mainardi

Recent works have shown that social media platforms are able to influence the trends of stock price movements. However, existing works have majorly focused on the U.S. stock market and lacked attention to certain emerging countries such as…

Computational Engineering, Finance, and Science · Computer Science 2018-01-03 Xi Zhang , Jiawei Shi , Di Wang , Binxing Fang

This paper is devoted to problem of detecting critical events at finiacial markets using methods of multifractal analysis. Namely, the local regularity of time-series is studied. As a result, one can find out a special behavior or signal of…

Other Condensed Matter · Physics 2008-12-02 I. A. Agaev , Yu. A. Kuperin