Reward-to-risk ratios in Turkish financial markets

This paper investigates how reward-to-risk ratios compare among various government debt security (GDS) indices and sector indices in the Istanbul Stock Exchange. Risk is measured by either standard deviation or nonparametric and parametric value at risk. We find that the GDS indices have higher reward-to-risk ratios compared to the sector indices. GDS indices with longer maturities have lower reward-to-risk ratios and this reduction is especially pronounced when the ratios take downside risk into account. The reward-to-risk rankings for the sector indices are similar for each measure and the results are robust to currency conversion

Risk-adjusted performances of world equity indices

This paper investigates whether equity indices of 24 emerging and 28 developed markets compensate their investors equally after taking risk into account. We place special emphasis on downside risk by calculating both nonparametric and parametric value at risk. We find that when all 52 markets are ranked based on their alternative reward-to-risk ratios, almost all of the countries in the top quartile are emerging markets whereas almost all of the countries in the bottom quartile are developed markets. These results are supported by the finding that pooled means of the reward-to-risk ratios are significantly higher for emerging markets compared to those of developed markets. Focusing on the period after the initiation of the recent financial crisis reveals that, although both developed and emerging markets suffered in terms of generating higher returns per unit risk, emerging markets continued to outperform developed markets and the outperformance became more pronounced

Reward-to-risk ratios in Turkish financial markets (Türkiye finans piyasalarında getiri-risk rasyoları)

This paper investigates how reward-to-risk ratios compare among various government debt security (GDS) indices and sector indices in the Istanbul Stock Exchange. Risk is measured by either standard deviation or nonparametric and parametric value at risk. We find that the GDS indices have higher reward-to-risk ratios compared to the sector indices. GDS indices with longer maturities have lower reward-to-risk ratios and this reduction is especially pronounced when the ratios take downside risk into account. The reward-to-risk rankings for the sector indices are similar for each measure and the results are robust to currency conversion

Automatic categorization and summarization of documentaries

In this paper, we propose automatic categorization and summarization of documentaries using subtitles of videos. We propose two methods for video categorization. The first makes unsupervised categorization by applying natural language processing techniques on video subtitles and uses the WordNet lexical database and WordNet domains. The second has the same extraction steps but uses a learning module to categorize. Experiments with documentary videos give promising results in discovering the correct categories of videos. We also propose a video summarization method using the subtitles of videos and text summarization techniques. Significant sentences in the subtitles of a video are identified using these techniques and a video summary is then composed by finding the video parts corresponding to these summary sentences. © 2010 The Author(s)

Summarization of documentaries

Video summarization algorithms present condensed versions of a full length video by identifying the most significant parts of the video. In this paper, we propose an automatic video summarization method using the subtitles of videos and text summarization techniques. We identify significant sentences in the subtitles of a video by using text summarization techniques and then we compose a video summary by finding the video parts corresponding to these summary sentences. © 2011 Springer Science+Business Media B.V

A simple concept for covering pressure sores : wound edge-based propeller perforator flap

We present a new surgical modification to allow propeller perforator flaps to cover pressure sores at various locations. We used a propeller perforator flap concept based on the detection of newly formed perforator vessels located 1 cm from the wound margin and stimulated by the chronic inflammation process. Between January 2009 and January 2017, 33 wound edge-based propeller perforator flaps were used to cover pressure sores at various locations in 28 patients. In four cases more than one flap was used on the same patient. The patients comprised 18 males and 10 females with a mean age of 4125 (range, 16-70) years. All patients underwent follow-up for 0-12 months. The mean follow-up duration was 503 months. Venous congestion was observed in three flaps that were rotated by 180 degrees (91%). However, there was a significant difference between flaps rotated by 90 degrees and 180 degrees according to the complication rate (P = 0034). Out of 33 flaps, 29 flaps healed uneventfully. Patients were able to sit and lie on their flaps three weeks after surgery. In our study, we were able to obtain satisfying final results using these novel flaps

Magnetic Behaviour of Disordered Ising Ferrimagnet in High Magnetic Field

The magnetic behaviour of a disordered ferrimagnetic system Ap B1-p where both A and B represent the magnetic atoms with respective spin SA = 1/2 and SB = 1 in presence of high magnetic field is treated theoretically.Assuming the magnetic interaction can be described through Ising Hamiltonian the approximate free energy is obtained using the cluster-variational method. The field dependence of the magnetization is then obtained for different concentration p and exchange parameters (JAA, JBB and JAB). For p = 0.5,the magnetization M in ferrimagnetic state and in absence of compensation temperature Tcm vanishes at TC.Field induced reversal of M is found at switching temperature TS (<TC) which is decreasing function of field H.A maximum in M is found above TS and the maximum value of M increases with field.In ferrimagnetic state M increases almost linearly at high H region. For system with large ferromagnetic JAA,the compensation temperature Tcm is increasing function of JBB and JAB .The decrease in compensation temperature is linear at small field and tends to saturate at higher field.The sharpness of the magnetization reversal is increased with H.For fully compensated state of the system with p = 2/3,the magnetization in presence of H also exhibits switching behaviour at TS .For p = 0.2 the field induced reversal of magnetization occurs more sharply.The orientational switching of the sublattice magnetization MA and MB with field increases the Zeeman energy and is the origin of magnetization reversal at TsComment: 12 pages,9 Figure

How transcription proceeds in a large artificial heterochromatin in human cells

Heterochromatin is critical for genome integrity, and recent studies have suggested the importance of transcription in heterochromatin for maintaining its silent state. We previously developed a method to generate a large homogeneously staining region (HSR) composed of tandem plasmid sequences in human cells that showed typical heterochromatin characteristics. In this study, we examined transcription in the HSR. We found that transcription of genes downstream to no-inducible SRα promoter was restricted to a few specific points inside the large HSR domain. Furthermore, the HSR localized to either to the surface or to the interior of the nucleolus, where it was more actively transcribed. The perinucleolar or intranucleolar locations were biased to late or early S-phase, and the location depended on either RNA polymerase II/III or I transcription, respectively. Strong activation of the inducible TRE promoter resulted in the reversible loosening of the HSR domain and the appearance of transcripts downstream of not only the TRE promoters, but also the SRα promoters. During this process, detection of HP1α or H3K9Me3 suggested that transcription was activated at many specific points dispersed inside large heterochromatin. The transcriptional rules obtained from studying artificial heterochromatin should be useful for understanding natural heterochromatin

The relationship between dark triad personality traits and sexting behaviors among adolescents and young adults across 11 countries

Background: Sexting is an increasingly common phenomenon among adolescents and young adults. Some studies have investigated the role of personality traits in different sexting behaviors within mainstream personality taxonomies like Big Five and HEXACO. However, very few studies have investigated the role of maladaptive personality factors in sexting. Therefore, the present study investigated the relationship between Dark Triad Personality Traits and experimental (i.e., sharing own sexts), risky (i.e., sexting under substance use and with strangers), and aggravated sexting (i.e., non-consensual sexting and sexting under pressure) across 11 countries. Methods: An online survey was completed by 6093 participants (Mage = 20.35; SDage = 3.63) from 11 different countries which covered four continents (Europe, Asia, Africa, and America). Participants completed the Sexting Behaviors Questionnaire and the 12-item Dark Triad Dirty Dozen scale. Results: Hierarchical regression analyses showed that sharing own sexts was positively predicted by Machiavellianism and Narcissism. Both risky and aggravated sexting were positively predicted by Machiavellianism and Psychopathy. Conclusions: The present study provided empirical evidence that different sexting behaviors were predicted by Dark Triad Personality Traits, showing a relevant role of Machiavellian-ism in all kinds of investigated sexting behaviors. Research, clinical, and education implications for prevention programs are discussed