Quantifying and containing the curse of high resolution coronal imaging

Future missions such as Solar Orbiter (SO), InterHelioprobe, or Solar Probe aim at approaching the Sun closer than ever before, with on board some high resolution imagers (HRI) having a subsecond cadence and a pixel area of about $(80km)^2$ at the Sun during perihelion. In order to guarantee their scientific success, it is necessary to evaluate if the photon counts available at these resolution and cadence will provide a sufficient signal-to-noise ratio (SNR). We perform a first step in this direction by analyzing and characterizing the spatial intermittency of Quiet Sun images thanks to a multifractal analysis. We identify the parameters that specify the scale-invariance behavior. This identification allows next to select a family of multifractal processes, namely the Compound Poisson Cascades, that can synthesize artificial images having some of the scale-invariance properties observed on the recorded images. The prevalence of self-similarity in Quiet Sun coronal images makes it relevant to study the ratio between the SNR present at SoHO/EIT images and in coarsened images. SoHO/EIT images thus play the role of 'high resolution' images, whereas the 'low-resolution' coarsened images are rebinned so as to simulate a smaller angular resolution and/or a larger distance to the Sun. For a fixed difference in angular resolution and in Spacecraft-Sun distance, we determine the proportion of pixels having a SNR preserved at high resolution given a particular increase in effective area. If scale-invariance continues to prevail at smaller scales, the conclusion reached with SoHO/EIT images can be transposed to the situation where the resolution is increased from SoHO/EIT to SO/HRI resolution at perihelion.Comment: 25 pages, 1 table, 7 figure

Size matters: some stylized facts of the stock market revisited

We reanalyze high resolution data from the New York Stock Exchange and find a monotonic (but not power law) variation of the mean value per trade, the mean number of trades per minute and the mean trading activity with company capitalization. We show that the second moment of the traded value distribution is finite. Consequently, the Hurst exponents for the corresponding time series can be calculated. These are, however, non-universal: The persistence grows with larger capitalization and this results in a logarithmically increasing Hurst exponent. A similar trend is displayed by intertrade time intervals. Finally, we demonstrate that the distribution of the intertrade times is better described by a multiscaling ansatz than by simple gap scaling.Comment: 10 pages, 13 figures, 2 tables, accepted to Eur. Phys. J. B, updated references, fixed some minor error

Scaling and multiscaling in financial series: a simple model

We propose a simple stochastic volatility model which is analytically tractable, very easy to simulate and which captures some relevant stylized facts of financial assets, including scaling properties. In particular, the model displays a crossover in the log-return distribution from power-law tails (small time) to a Gaussian behavior (large time), slow decay in the volatility autocorrelation and multiscaling of moments. Despite its few parameters, the model is able to fit several key features of the time series of financial indexes, such as the Dow Jones Industrial Average, with a remarkable accuracy.Comment: 32 pages, 5 figures. Substantial revision, following the referee's suggestions. Version to appear in Adv. in Appl. Proba

Multifractality in the stock market: price increments versus waiting times

By applying the multifractal detrended fluctuation analysis to the high-frequency tick-by-tick data from Deutsche B\"orse both in the price and in the time domains, we investigate multifractal properties of the time series of logarithmic price increments and inter-trade intervals of time. We show that both quantities reveal multiscaling and that this result holds across different stocks. The origin of the multifractal character of the corresponding dynamics is, among others, the long-range correlations in price increments and in inter-trade time intervals as well as the non-Gaussian distributions of the fluctuations. Since the transaction-to-transaction price increments do not strongly depend on or are almost independent of the inter-trade waiting times, both can be sources of the observed multifractal behaviour of the fixed-delay returns and volatility. The results presented also allow one to evaluate the applicability of the Multifractal Model of Asset Returns in the case of tick-by-tick data.Comment: Physica A, in prin

Universality issues in surface kinetic roughening of thin solid films

Since publication of the main contributions on the theory of kinetic roughening more than fifteen years ago, many works have been reported on surface growth or erosion that employ the framework of dynamic scaling. This interest was mainly due to the predicted existence of just a few universality classes to describe the statistical properties of the morphology of growing surfaces and interfaces that appear in a wide range of physical systems. Nowadays, this prediction seems to be inaccurate. This situation has caused a clear detriment of these studies in spite of the undeniable existence of kinetic roughening in many different real systems, and without a clear understanding of the reasons behind the mismatch between theoretical expectations and experimental observations. In this chapter we aim to explore existing problems and shortcomings of both the theoretical and experimental approaches, focusing mainly on growth of thin solid films. Our analysis suggests that the theoretical framework as yet is not complete, while more systematic and consistent experiments need to be performed. Once these issues are taken into account, a more consistent and useful theory of kinetic roughening might develop.Comment: Review article to appear in ``Advances in Condensed Matter and Statistical Mechanics", ed. E. Korutcheva and R. Cuerno. To be published by Nova Science Publishers. 22 pages. 4 eps figure