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We perform non-linear analysis on stock market indices using time-dependent extended Tsallis statistics. Specifically, we evaluate the q-triplet for particular time periods with the purpose of demonstrating the temporal dependence of the…

Statistical Finance · Quantitative Finance 2021-06-30 Ioannis P. Antoniades , Leonidas P. Karakatsanis , Evgenios G. Pavlos

An exclusion particle model is considered as a highly simplified model of a limit order market. Its price behavior reproduces the well known crossover from over-diffusion (Hurst exponent H>1/2) to diffusion (H=1/2) when the time horizon is…

Statistical Mechanics · Physics 2016-08-31 R. D. Willmann , G. M. Schuetz , D. Challet

A multivariate fractional Brownian motion (mfBm) with component-wise Hurst exponents is used to model and forecast realized volatility. We investigate the interplay between correlation coefficients and Hurst exponents and propose a novel…

Statistical Finance · Quantitative Finance 2025-04-23 Markus Bibinger , Jun Yu , Chen Zhang

In this paper, we use the generalized Hurst exponent approach to study the multi- scaling behavior of different financial time series. We show that this approach is robust and powerful in detecting different types of multiscaling. We…

Statistical Finance · Quantitative Finance 2012-05-25 Jozef Barunik , Tomaso Aste , Tiziana Di Matteo , Ruipeng Liu

Considering that both the entropy-based market information and the Hurst exponent are useful tools for determining whether the efficient market hypothesis holds for a given asset, we study the link between the two approaches. We thus…

Statistical Finance · Quantitative Finance 2023-06-26 Xavier Brouty , Matthieu Garcin

We use a new method of studying the Hurst exponent with time and scale dependency. This new approach allow us to recover the major events affecting worldwide markets (such as the September 11th terrorist attack) and analyze the way those…

Data Analysis, Statistics and Probability · Physics 2007-05-23 J. A. O. Matos , S. M. A. Gama , H. J. Ruskin , A. Sharkasi , M. Crane

Scaling and multiscaling financial time series have been widely studied in the literature. The research on this topic is vast and still flourishing. One way to analyze the scaling properties of time series is through the estimation of their…

Risk Management · Quantitative Finance 2021-03-18 Giuseppe Brandi , T. Di Matteo

Several models of stock trading [P. Bak et al, Physica A {\bf 246}, 430 (1997)] are analyzed in analogy with one-dimensional, two-species reaction-diffusion-branching processes. Using heuristic and scaling arguments, we show that the…

Statistical Mechanics · Physics 2015-06-25 Lei-Han Tang , Guang-Shan Tian

A new concept, called balanced estimator of diffusion entropy, is proposed to detect scalings in short time series. The effectiveness of the method is verified by means of a large number of artificial fractional Brownian motions. It is used…

Statistical Finance · Quantitative Finance 2012-11-15 Jingzhao Qi , Huijie Yang

Gamma-ray bursts (GRBs) rank among the most powerful astrophysical phenomena, characterized by complex and highly variable prompt emission light curves that reflect the dynamics of their central engines. In this work, we analyze a sample of…

High Energy Astrophysical Phenomena · Physics 2026-01-28 Ruo-Yu Guan , Fei-Fei Wang , Yuan-Chuan Zou

We investigated the use of Empirical Mode Decomposition (EMD) combined with Gaussian Mixture Models (GMM), feature engineering and machine learning algorithms to optimize trading decisions. We used five, two, and one year samples of hourly…

Methodology · Statistics 2025-03-27 Gabriel R. Palma , Mariusz Skoczeń , Phil Maguire

Volatility, as a primary indicator of financial risk, forms the foundation of classical frameworks such as Markowitz's Portfolio Theory and the Efficient Market Hypothesis (EMH). However, its conventional use rests on assumptions-most…

General Finance · Quantitative Finance 2025-08-19 Sergio Bianchi , Daniele Angelini , Massimiliano Frezza , Augusto Pianese

The finite sample effect on the Hurst exponent (HE) of realized volatility time series is examined using Bitcoin data. This study finds that the HE decreases as the sampling period $\Delta$ increases and a simple finite sample ansatz…

Statistical Finance · Quantitative Finance 2025-11-06 Tetsuya Takaishi

The Bayesian Hurst-Kolmogorov (HK) method estimates the Hurst exponent of a time series more accurately than the age-old detrended fluctuation analysis (DFA), especially when the time series is short. However, this advantage comes at the…

Quantitative Methods · Quantitative Biology 2023-01-31 Madhur Mangalam , Taylor Wilson , Joel Sommerfeld , Aaron D Likens

This paper proposes a simple and parsimonious discrete-time simulation model to describe the endogenous formation and periodic collapse of financial bubbles. While existing literature has extensively explored the statistical properties of…

Trading and Market Microstructure · Quantitative Finance 2026-05-05 Naohiro Yoshida

In recent years a new type of tradable assets appeared, generically known as cryptocurrencies. Among them, the most widespread is Bitcoin. Given its novelty, this paper investigates some statistical properties of the Bitcoin market. This…

Statistical Finance · Quantitative Finance 2017-08-16 Aurelio F. Bariviera , María José Basgall , Waldo Hasperué , Marcelo Naiouf

The recent surge in valuations among AI related firms has renewed concerns that markets may be entering a new phase of speculative exuberance, especially in the technology and semiconductor sectors at the center of the AI investment wave.…

Methodology · Statistics 2026-05-12 Abir Sarkar , Martin T. Wells

Keeping a basic tenet of economic theory, rational expectations, we model the nonlinear positive feedback between agents in the stock market as an interplay between nonlinearity and multiplicative noise. The derived hyperbolic stochastic…

Statistical Mechanics · Physics 2009-11-07 D. Sornette , J. V. Andersen

Hurst Exponent has been widely used in different fields as a measure of long range dependence in time series. It has been studied in hydrology and geophysics, economics and finance, and recently, it is still a hot topic in the different…

Computation · Statistics 2018-05-24 Roel F. Ceballos , Fe F. Largo

The stock market presents a challenging environment for accurately predicting future stock prices due to its intricate and ever-changing nature. However, the utilization of advanced methodologies can significantly enhance the precision of…

Systems and Control · Electrical Eng. & Systems 2025-12-02 Luigi Catello , Ludovica Ruggiero , Lucia Schiavone , Mario Valentino