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Prices of commodities or assets produce what is called time-series. Different kinds of financial time-series have been recorded and studied for decades. Nowadays, all transactions on a financial market are recorded, leading to a huge amount…

Statistical Finance · Quantitative Finance 2015-05-13 A. Chakraborti , M. Patriarca , M. S. Santhanam

We introduce a mathematical criterion defining the bubbles or the crashes in financial market price fluctuations by considering exponential fitting of the given data. By applying this criterion we can automatically extract the periods in…

Physics and Society · Physics 2009-11-13 Kota Watanabe , Hideki Takayasu , Misako Takayasu

Clustering is a fundamental data mining tool that aims to divide data into groups of similar items. Generally, intuition about clustering reflects the ideal case -- exact data sets endowed with flawless dissimilarity between individual…

Machine Learning · Computer Science 2016-01-25 Margareta Ackerman , Jarrod Moore

Time series, as one of the most fundamental representations of sequential data, has been extensively studied across diverse disciplines, including computer science, biology, geology, astronomy, and environmental sciences. The advent of…

Machine Learning · Computer Science 2024-12-31 John Paparrizos , Fan Yang , Haojun Li

Cluster indices describe extremal behaviour of stationary time series. We consider runs estimators of cluster indices. Using a modern theory of multivariate, regularly varying time series, we obtain central limit theorems under conditions…

Statistics Theory · Mathematics 2021-09-07 Youssouph Cissokho , Rafal Kulik

Clustering is an essential data mining tool that aims to discover inherent cluster structure in data. For most applications, applying clustering is only appropriate when cluster structure is present. As such, the study of clusterability,…

Machine Learning · Statistics 2018-10-30 A. Adolfsson , M. Ackerman , N. C. Brownstein

We consider different levels of complexity which are observed in the empirical investigation of financial time series. We discuss recent empirical and theoretical work showing that statistical properties of financial time series are rather…

Statistical Mechanics · Physics 2009-11-07 Giovanni Bonanno , Fabrizio Lillo , Rosario N. Mantegna

A popular method for selecting the number of clusters is based on stability arguments: one chooses the number of clusters such that the corresponding clustering results are "most stable". In recent years, a series of papers has analyzed the…

Machine Learning · Statistics 2010-07-08 Ulrike von Luxburg

Deep clustering uncovers hidden patterns and groups in complex time series data, yet its opaque decision-making limits use in safety-critical settings. This survey offers a structured overview of explainable deep clustering for time series,…

Machine Learning · Computer Science 2025-10-21 Udo Schlegel , Gabriel Marques Tavares , Thomas Seidl

Forecast reconciliation has attracted significant research interest in recent years, with most studies taking the hierarchy of time series as given. We extend existing work that uses time series clustering to construct hierarchies, with the…

Methodology · Statistics 2024-09-10 Bohan Zhang , Anastasios Panagiotelis , Han Li

Clustering provides a common means of identifying structure in complex data, and there is renewed interest in clustering as a tool for the analysis of large data sets in many fields. A natural question is how many clusters are appropriate…

Data Analysis, Statistics and Probability · Physics 2007-05-23 Susanne Still , William Bialek

In the last years many studies examined the consistency of students' answers in a variety of contexts. Some of these papers tried to develop more detailed models of the consistency of students' reasoning, or to subdivide a sample of…

Physics Education · Physics 2017-08-17 Onofrio Rosario Battaglia , Benedetto Di Paola , Claudio Fazio

In this work a robust clustering algorithm for stationary time series is proposed. The algorithm is based on the use of estimated spectral densities, which are considered as functional data, as the basic characteristic of stationary time…

This study focuses on exploring the use of local interpretability methods for explaining time series clustering models. Many of the state-of-the-art clustering models are not directly explainable. To provide explanations for these…

Machine Learning · Computer Science 2022-08-03 Ozan Ozyegen , Nicholas Prayogo , Mucahit Cevik , Ayse Basar

This paper builds the clustering model of measures of market microstructure features which are popular in predicting stock returns. In a 10-second time-frequency, we study the clustering structure of different measures to find out the best…

Statistical Finance · Quantitative Finance 2021-12-28 Liao Zhu , Ningning Sun , Martin T. Wells

Understanding the dependence structure of asset returns is fundamental in risk assessment and is particularly relevant in a portfolio diversification strategy. We propose a clustering approach where evidence accumulated in a multiplicity of…

Applications · Statistics 2025-10-08 Andrea Mecchina , Roberta Pappadà , Nicola Torelli

Motivated by the problem of computing investment portfolio weightings we investigate various methods of clustering as alternatives to traditional mean-variance approaches. Such methods can have significant benefits from a practical point of…

Machine Learning · Computer Science 2015-02-19 Aldo Pacchiano , Oliver Williams

One basic requirement of many studies is the necessity of classifying data. Clustering is a proposed method for summarizing networks. Clustering methods can be divided into two categories named model-based approaches and algorithmic…

Machine Learning · Computer Science 2013-02-19 Raheleh Namayandeh , Farzad Didehvar , Zahra Shojaei

Having reliable estimates of the occurrence rates of extreme events is highly important for insurance companies, government agencies and the general public. The rarity of an extreme event is typically expressed through its return period,…

Methodology · Statistics 2019-10-08 Ross Towe , Jonathan Tawn , Emma Eastoe , Rob Lamb

We investigate exceedances of the process over a sufficiently high threshold. The exceedances determine the risk of hazardous events like climate catastrophes, huge insurance claims, the loss and delay in telecommunication networks. Due to…

Statistics Theory · Mathematics 2017-10-03 Natalia Markovich