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We present a new method for articulating scale-dependent topological descriptions of the network structure inherent in many complex systems. The technique is based on "Partition Decoupled Null Models,'' a new class of null models that…

Pricing of Securities · Quantitative Finance 2011-04-22 Greg Leibon , Scott D. Pauls , Daniel N. Rockmore , Robert Savell

Notwithstanding almost forty years of efforts, the market for paintings still lacks a widely accepted price index. In this paper, we introduce a simple and intuitive metric to construct such index. Our metric is based on the price of a…

General Finance · Quantitative Finance 2014-04-22 Ventura Charlin , Arturo Cifuentes

The minimum spanning tree, based on the concept of ultrametricity, is constructed from the correlation matrix of stock returns and provides a meaningful economic taxonomy of the stock market. In order to study the dynamics of this asset…

Statistical Mechanics · Physics 2009-11-07 J. -P. Onnela , A. Chakraborti , K. Kaski , J. Kertesz

The original research question here is given by marketers in general, i.e., how to explain the changes in the desired timescale of the market. Tangled String, a sequence visualization tool based on the metaphor where contexts in a sequence…

Computational Engineering, Finance, and Science · Computer Science 2019-03-26 Yukio Ohsawa , Teruaki Hayashi , Takaaki Yoshino

Hierarchical representations provide powerful and principled approaches for analyzing many musical genres. Such representations have been broadly studied in music theory, for instance via Schenkerian analysis (SchA). Hierarchical music…

Sound · Computer Science 2025-12-23 Stephen Ni-Hahn , Rico Zhu , Jerry Yin , Yue Jiang , Cynthia Rudin , Simon Mak

We propose a model that forecasts market correlation structure from link- and node-based financial network features using machine learning. For such, market structure is modeled as a dynamic asset network by quantifying time-dependent…

Computational Finance · Quantitative Finance 2021-10-25 Douglas Castilho , Tharsis T. P. Souza , Soong Moon Kang , João Gama , André C. P. L. F. de Carvalho

We have analyzed the cross-correlations of daily fluctuations for N=6 358 US stock prices during the year 1999. From those $N(N-1)/2$ correlations coefficients, the Minimum Spanning Tree (MST) has been built. We have investigated the…

Statistical Mechanics · Physics 2007-05-23 N. Vandewalle , F. Brisbois , X. Tordoir

With emergence of blockchain technologies and the associated cryptocurrencies, such as Bitcoin, understanding network dynamics behind Blockchain graphs has become a rapidly evolving research direction. Unlike other financial networks, such…

Music Information Retrieval (MIR) has seen a recent surge in deep learning-based approaches, which often involve encoding symbolic music (i.e., music represented in terms of discrete note events) in an image-like or language like fashion.…

Audio and Speech Processing · Electrical Eng. & Systems 2023-09-12 Huan Zhang , Emmanouil Karystinaios , Simon Dixon , Gerhard Widmer , Carlos Eduardo Cancino-Chacón

Financial networks have become extremely useful in characterizing the structure of complex financial systems. Meanwhile, the time evolution property of the stock markets can be described by temporal networks. We utilize the temporal network…

Statistical Finance · Quantitative Finance 2018-07-04 Longfeng Zhao , Gang-Jin Wang , Mingang Wang , Weiqi Bao , Wei Li , H. Eugene Stanley

In complex financial systems, the sector structure and volatility clustering are respectively important features of the spatial and temporal correlations. However, the microscopic generation mechanism of the sector structure is not yet…

General Finance · Quantitative Finance 2015-04-09 Jun-Jie Chen , Lei Tan , Bo Zheng

Music contains hierarchical structures beyond beats and measures. While hierarchical structure annotations are helpful for music information retrieval and computer musicology, such annotations are scarce in current digital music databases.…

Sound · Computer Science 2022-09-22 Junyan Jiang , Daniel Chin , Yixiao Zhang , Gus Xia

Financial markets are nonlinear with complexity, where different types of assets are traded between buyers and sellers, each having a view to maximize their Return on Investment (ROI). Forecasting market trends is a challenging task since…

Trading and Market Microstructure · Quantitative Finance 2024-11-22 Sahand Hassanizorgabad

We propose a model for a market which structure is of the tree form. Each branch of the tree is composed by identical firms, its root (the branch of the first level) is formed by the firms producing raw material, and the branches of the…

adap-org · Physics 2019-08-17 V. V. Gafiychuk , I. A. Lubashevsky , Yu. L. Klimontovich

The correlation matrix formalism is used to study temporal aspects of the stock market evolution. This formalism allows to decompose the financial dynamics into noise as well as into some coherent repeatable intraday structures. The present…

Soft Condensed Matter · Physics 2009-11-07 J. Kwapien , S. Drozdz , F. Gruemmer , F. Ruf , J. Speth

The non-fungible token (NFT) market emerges as a recent trading innovation leveraging blockchain technology, mirroring the dynamics of the cryptocurrency market. The current study is based on the capitalization changes and transaction…

Statistical Finance · Quantitative Finance 2024-07-09 Marcin Wątorek , Paweł Szydło , Jarosław Kwapień , Stanisław Drożdż

We introduce a new technique to associate a spanning tree to the average linkage cluster analysis. We term this tree as the Average Linkage Minimum Spanning Tree. We also introduce a technique to associate a value of reliability to links of…

Physics and Society · Physics 2007-09-26 M. Tumminello , C. Coronnello , F. Lillo , S. Micciche' , R. N. Mantegna

Art is a deeply personal and expressive medium, where each artist brings their own style, technique, and cultural background into their work. Traditionally, identifying artistic styles has been the job of art historians or critics, relying…

Computer Vision and Pattern Recognition · Computer Science 2025-11-24 Reetikaa Reddy Munnangi , Barbara Giunti

We present a novel approach to describing the microstructure of high frequency trading using two key elements. First we introduce a new notion of informed trader which we starkly contrast to current informed trader models. We describe the…

Trading and Market Microstructure · Quantitative Finance 2017-09-08 Rene Carmona , Kevin Webster

The way the topological structure goes from a decoupled state into a coupled one in multiplex networks has been widely studied by means of analytical and numerical studies, involving models of artificial networks. In general, these…

Physics and Society · Physics 2018-08-15 Johann H. Martínez , Stefano Boccaletti , Vladimir V. Makarov , Javier M. Buldú