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Volatility of intra-day stock market indices computed at various time horizons exhibits a scaling behaviour that differs from what would be expected from fractional Brownian motion (fBm). We investigate this anomalous scaling by using…

Computational Finance · Quantitative Finance 2016-02-17 Noemi Nava , T. Di Matteo , Tomaso Aste

We introduce the stochastic process of incremental multifractional Brownian motion (IMFBM), which locally behaves like fractional Brownian motion with a given local Hurst exponent and diffusivity. When these parameters change as function of…

Statistical Mechanics · Physics 2023-07-27 Jakub Slezak , Ralf Metzler

We propose two distributed set-based observers using strip-based and set-propagation approaches for linear discrete-time dynamical systems with bounded modeling and measurement uncertainties. Both algorithms utilize a set-based diffusion…

Systems and Control · Electrical Eng. & Systems 2023-06-21 Amr Alanwar , Jagat Jyoti Rath , Hazem Said , Karl Henrik Johansson , Matthias Althoff

The cumulant analysis plays an important role in non Gaussian distributed data analysis. The shares' prices returns are good example of such data. The purpose of this research is to develop the cumulant based algorithm and use it to…

Portfolio Management · Quantitative Finance 2016-11-23 Krzysztof Domino

We introduce an event based framework of directional changes and overshoots to map continuous financial data into the so-called Intrinsic Network - a state based discretisation of intrinsically dissected time series. Defining a method for…

Trading and Market Microstructure · Quantitative Finance 2014-02-11 Anton Golub , Gregor Chliamovitch , Alexandre Dupuis , Bastien Chopard

In this presentation, we introduce a new method for change point analysis on the Hurst index for a piecewise fractional Brownian motion. We first set the model and the statistical problem. The proposed method is a transposition of the FDpV…

Statistics Theory · Mathematics 2011-03-23 Mehdi Fhima , Arnaud Guillin , Pierre R. Bertrand

We consider dynamical systems evolving near an equilibrium statistical state where the interest is in modelling long term behavior that is consistent with thermodynamic constraints. We adjust the distribution using an entropy-optimizing…

Fluid Dynamics · Physics 2014-11-25 Keith Myerscough , Jason Frank , Benedict Leimkuhler

We investigate the problem of joint statistical estimation of several parameters for a stochastic differential equation driven by an additive fractional Brownian motion. Based on discrete-time observations of the model, we construct an…

Statistics Theory · Mathematics 2024-06-10 El Mehdi Haress , Alexandre Richard

Entropy scaling is a powerful technique that has been used for predicting transport properties of pure components over a wide range of states. However, modeling mixture diffusion coefficients by entropy scaling is an unresolved task. We…

Chemical Physics · Physics 2026-04-03 Sebastian Schmitt , Hans Hasse , Simon Stephan

This article proposes an estimation method to detect breakpoints for linear time series models with their parameters that jump scarcely. Its basic idea owes the group LASSO (group least absolute shrinkage and selection operator). The method…

Econometrics · Economics 2022-02-08 Mikio Ito

It is proposed a class of statistical estimators $\hat H =(\hat H_1, \ldots, \hat H_d)$ for the Hurst parameters $H=(H_1, \ldots, H_d)$ of fractional Brownian field via multi-dimensional wavelet analysis and least squares, which are…

Information Theory · Computer Science 2015-02-04 Liang Wu , Yiming Ding

In this paper, we show how concentration inequalities for Gaussian quadratic form can be used to propose exact confidence intervals of the Hurst index parametrizing a fractional Brownian motion. Both cases where the scaling parameter of the…

Statistics Theory · Mathematics 2010-06-16 Jean-Christophe Breton , Jean-François Coeurjolly

The paper is devoted to elaboration of a novel specific indicator based on the modified Holder exponents. This indicator has been used for forecasting critical points of financial time series and crashes of the USA stock market. The…

Statistical Finance · Quantitative Finance 2008-12-10 Yu. A Kuperin , R. R. Schastlivtsev

This paper introduces a new methodology for detecting anomalies in time series data, with a primary application to monitoring the health of (micro-) services and cloud resources. The main novelty in our approach is that instead of modeling…

Machine Learning · Computer Science 2020-07-31 Fadhel Ayed , Lorenzo Stella , Tim Januschowski , Jan Gasthaus

High frequency based estimation methods for a semiparametric pure-jump subordinated Brownian motion exposed to a small additive microstructure noise are developed building on the two-scales realized variations approach originally developed…

Statistics Theory · Mathematics 2017-02-07 Jose E. Figueroa-Lopez , K. Lee

A method for analytic continuation of imaginary-time correlation functions (here obtained in quantum Monte Carlo simulations) to real-frequency spectral functions is proposed. Stochastically sampling a spectrum parametrized by a large…

Strongly Correlated Electrons · Physics 2017-06-30 Anders W. Sandvik

We construct a general stochastic process and prove weak convergence results. It is scaled in space and through the parameters of its distribution. We show that our simplified scaling is equivalent to time scaling used frequently. The…

Probability · Mathematics 2011-07-01 Mine Caglar

We empirically investigated the relationships between the degree of efficiency and the predictability in financial time-series data. The Hurst exponent was used as the measurement of the degree of efficiency, and the hit rate calculated…

Statistical Finance · Quantitative Finance 2009-11-13 Cheoljun Eom , Sunghoon Choi , Gabjin Oh , Woo-Sung Jung

A well-interpretable measure of information has been recently proposed based on a partition obtained by intersecting a random sequence with its moving average. The partition yields disjoint sets of the sequence, which are then ranked…

Statistical Finance · Quantitative Finance 2018-08-01 Linda Ponta , Anna Carbone

We introduce a statistical method to detect nonlinearity and nonstationarity in time series, that works even for short sequences and in presence of noise. The method has a discrimination power similar to that of the most advanced estimators…

Chaotic Dynamics · Physics 2010-11-16 M. De Domenico , V. Latora