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This study addresses the computational challenges of forecasting volatility in high-dimensional commodity markets. Building on the Network log-ARCH framework, we introduce a novel class of network topologies from GARCH-informed correlation…

Econometrics · Economics 2026-02-23 Fayçal Djebari , Kahina Mehidi , Khelifa Mazouz , Philipp Otto

In order to obtain a reasonable and reliable forecast method for crude oil price volatility, this paper evaluates the forecast performance of single-regime GARCH models (including the standard linear GARCH model and the nonlinear GJR-GARCH…

Economics · Quantitative Finance 2015-12-08 Yue-Jun Zhang , Ting Yao , Ling-Yun He

This work is devoted to the study of modeling geophysical and financial time series. A class of volatility models with time-varying parameters is presented to forecast the volatility of time series in a stationary environment. The modeling…

Recently artificial neural networks (ANNs) have seen success in volatility prediction, but the literature is divided on where an ANN should be used rather than the common GARCH model. The purpose of this study is to compare the volatility…

Computational Finance · Quantitative Finance 2021-10-19 Curtis Nybo

Volatility, which indicates the dispersion of returns, is a crucial measure of risk and is hence used extensively for pricing and discriminating between different financial investments. As a result, accurate volatility prediction receives…

Computational Finance · Quantitative Finance 2024-10-02 Zeda Xu , John Liechty , Sebastian Benthall , Nicholas Skar-Gislinge , Christopher McComb

Volatility, as a measure of uncertainty, plays a crucial role in numerous financial activities such as risk management. The Econometrics and Machine Learning communities have developed two distinct approaches for financial volatility…

Statistical Finance · Quantitative Finance 2024-02-13 Pengfei Zhao , Haoren Zhu , Wilfred Siu Hung NG , Dik Lun Lee

In this paper, we develop a hybrid approach to forecasting the volatility and risk of financial instruments by combining common econometric GARCH time series models with deep learning neural networks. For the latter, we employ Gated…

Risk Management · Quantitative Finance 2023-10-03 Jakub Michańków , Łukasz Kwiatkowski , Janusz Morajda

Volatility clustering is an important characteristic that has a significant effect on the behavior of stock markets. However, designing robust models for accurate prediction of future volatilities of stock prices is a very challenging…

Computational Finance · Quantitative Finance 2021-10-11 Jaydip Sen , Sidra Mehtab , Abhishek Dutta

This study aims to compare multiple deep learning-based forecasters for the task of predicting volatility using multivariate data. The paper evaluates a range of models, starting from simpler and shallower ones and progressing to deeper and…

Statistical Finance · Quantitative Finance 2023-06-26 Wenbo Ge , Pooia Lalbakhsh , Leigh Isai , Artem Lensky , Hanna Suominen

Stock market volatility forecasting is a task relevant to assessing market risk. We investigate the interaction between news and prices for the one-day-ahead volatility prediction using state-of-the-art deep learning approaches. The…

Statistical Finance · Quantitative Finance 2018-12-31 Marcelo Sardelich , Suresh Manandhar

We introduce a novel GARCH model that integrates two sources of uncertainty to better capture the rich, multi-component dynamics often observed in the volatility of financial assets. This model provides a quasi closed-form representation of…

Econometrics · Economics 2024-10-21 Luca Vincenzo Ballestra , Enzo D'Innocenzo , Christian Tezza

Volatility clustering is a crucial property that has a substantial impact on stock market patterns. Nonetheless, developing robust models for accurately predicting future stock price volatility is a difficult research topic. For predicting…

Computational Finance · Quantitative Finance 2025-05-20 Ananda Chatterjee , Hrisav Bhowmick , Jaydip Sen

We suggest two classes of multivariate GARCH--models which are both easy to estimate and perform well in forecasting the covariance matrix of more than one hundred stocks. We apply methods from random matrix theory (RMT) to determine the…

Condensed Matter · Physics 2007-05-23 C. Reese , B. Rosenow

The volatility of financial instruments is rarely constant, and usually varies over time. This creates a phenomenon called volatility clustering, where large price movements on one day are followed by similarly large movements on successive…

Statistical Finance · Quantitative Finance 2015-05-08 Gordon J. Ross

A spin model is used for simulations of financial markets. To determine return volatility in the spin financial market we use the GARCH model often used for volatility estimation in empirical finance. We apply the Bayesian inference…

Computational Finance · Quantitative Finance 2016-11-28 Tetsuya Takaishi

This paper introduces a unique and valuable research design aimed at analyzing Bitcoin price volatility. To achieve this, a range of models from the Markov Switching-GARCH and Stochastic Autoregressive Volatility (SARV) model classes are…

Statistical Finance · Quantitative Finance 2024-01-12 Dennis Koch , Vahidin Jeleskovic , Zahid I. Younas

Predicting the S&P 500 index volatility is crucial for investors and financial analysts as it helps assess market risk and make informed investment decisions. Volatility represents the level of uncertainty or risk related to the size of…

Trading and Market Microstructure · Quantitative Finance 2024-07-25 Natalia Roszyk , Robert Ślepaczuk

This paper proposes an enhanced approach to modeling and forecasting volatility using high frequency data. Using a forecasting model based on Realized GARCH with multiple time-frequency decomposed realized volatility measures, we study the…

Statistical Finance · Quantitative Finance 2015-02-04 Jozef Barunik , Tomas Krehlik , Lukas Vacha

SVR-GARCH model tends to "backward eavesdrop" when forecasting the financial time series volatility in which case it tends to simply produce the prediction by deviating the previous volatility. Though the SVR-GARCH model has achieved good…

Statistical Finance · Quantitative Finance 2022-06-23 Jun Lu , Shao Yi

We test various volatility models using the Bitcoin spot price series. Our models include HIST, EMA ARCH, GARCH, and EGARCH, models. Both of our in-sample-fit and out-of-sample-forecast results suggest that GARCH and EGARCH models perform…

Statistical Finance · Quantitative Finance 2020-10-16 Yeguang Chi , Wenyan Hao
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