Idiosyncratic Risk and Short Interest Analysis for Canadian Large Cap Stocks

While previous studies have focused on the relation between idiosyncratic risk and short interest in US stock markets, we test whether the Canadian market shows the same symptoms in costs limiting arbitrage. In order to measure arbitrage cost, we use idiosyncratic risk and use it as a proxy to determine the cost level. To prevent any ambiguity and bias in our result, we use commonly recognized indexes to measure both transaction and holding costs. Consistent with the similar study conducted in U.S., we find that high Short Interest Canadian stocks appear to have higher idiosyncratic risk that is significant enough to affect investors’ decisions

Transport Measurements on Nano-engineered Two Dimensional Superconducting Wire Networks

Superconducting triangular Nb wire networks with high normal-state resistance are fabricated by using a negative tone hydrogen silsesquioxane (HSQ) resist. Robust magnetoresistance oscillations are observed up to high magnetic fields and maintained at low temperatures, due to the eective reduction of wire dimensions. Well-defined dips appear at integral and rational values (1/2, 1/3, 1/4) of the reduced flux f = Phi/Phi_0, which is the first observation in the triangular wire networks. These results are well consistent with theoretical calculations for the reduced critical temperature as a function of f.Comment: 4 pages, 3 figure

The study of Seyfert 2 galaxies with and without infrared broad lines

From the literature, we construct from literature a sample of 25 Seyfert 2 galaxies (S2s) with a broad line region detected in near infrared spectroscopy and 29 with NIR BLR which was detected. We find no significant difference between the nuclei luminosity (extinction-corrected [OIII]~5007) and infrared color $\rm{f_{60}/f_{25}}$ between the two populations, suggesting that the non-detections of NIR BLR could not be due to low AGN luminosity or contamination from the host galaxy. As expected, we find significantly lower X-ray obscurations in Seyfert 2s with NIR BLR detection, supporting the unification scheme. However, such a scheme was challenged by the detection of NIR BLR in heavily X-ray obscured sources, especially in six of them with Compton-thick X-ray obscuration. The discrepancy could be solved by the clumpy torus model and we propose a toy model demonstrating that IR-thin X-ray-thick S2s could be viewed at intermediate inclinations, and compared with those IR-thick X-ray-thick S2s. We note that two of the IR-thin X-ray-thick S2s (NGC 1386 and NGC 7674) experienced X-ray transitions, i.e. from Compton-thin to Compton-thick appearance or vice versa based on previous X-ray observations, suggesting that X-ray transitions could be common in this special class of objects

The Power of Transient Piezometric Head Data in Inverse Modeling: An Application of the Localized Normal-score EnKF with Covariance Inflation in a Heterogenous Bimodal Hydraulic Conductivity Field

The localized normal-score ensemble Kalman filter (NS-EnKF) coupled with covariance inflation is used to characterize the spatial variability of a channelized bimodal hydraulic conductivity field, for which the only existing prior information about conductivity is its univariate marginal distribution. We demonstrate that we can retrieve the main patterns of the reference field by assimilating a sufficient number of piezometric observations using the NS-EnKF. The possibility of characterizing the conductivity spatial variability using only piezometric head data shows the importance of accounting for these data in inverse modeling.The first author acknowledges the financial support from the China Scholarship Council (CSC). Financial support to carry out this work was also received from the Spanish Ministry of Science and Innovation through project CGL2011-23295.Xu, T.; Gómez-Hernández, JJ.; Zhou, H.; Li, L. (2013). The Power of Transient Piezometric Head Data in Inverse Modeling: An Application of the Localized Normal-score EnKF with Covariance Inflation in a Heterogenous Bimodal Hydraulic Conductivity Field. Advances in Water Resources. 54:100-118. https://doi.org/10.1016/j.advwatres.2013.01.006S1001185

Inverse sequential simulation: Performance and implementation details

For good groundwater flow and solute transport numerical modeling, it is important to characterize the formation properties. In this paper, we analyze the performance and important implementation details of a new approach for stochastic inverse modeling called inverse sequential simulation (iSS). This approach is capable of characterizing conductivity fields with heterogeneity patterns difficult to capture by standard multiGaussian-based inverse approaches. The method is based on the multivariate sequential simulation principle, but the covariances and cross-covariances used to compute the local conditional probability distributions are computed by simple co-kriging which are derived from an ensemble of conductivity and piezometric head fields, in a similar manner as the experimental covariances are computed in an ensemble Kalman filtering. A sensitivity analysis is performed on a synthetic aquifer regarding the number of members of the ensemble of realizations, the number of conditioning data, the number of piezometers at which piezometric heads are observed, and the number of nodes retained within the search neighborhood at the moment of computing the local conditional probabilities. The results show the importance of having a sufficiently large number of all of the mentioned parameters for the algorithm to characterize properly hydraulic conductivity fields with clear non-multiGaussian features. © 2015 Elsevier Ltd. All rights reserved.The first author acknowledgs the financial support from the China Scholarship Council (CSC [2010]3010). Financial support to carry out this work was also received from the Spanish Ministry of Economy and Competitiveness through Project CGL2014-59841-P. We thank the three reviewers for their thorough review and their insightful comments, which have helped to improve the final manuscript.Xu, T.; Gómez-Hernández, JJ. (2015). Inverse sequential simulation: Performance and implementation details. Advances in Water Resources. 86B:311-326. https://doi.org/10.1016/j.advwatres.2015.04.015S31132686

Plant species with extremely small populations (PSESP) in China: A seed and spore biology perspective

AbstractApproximately one fifth of the world's plants are at risk of extinction. Of these, a significant number exist as populations of few individuals, with limited distribution ranges and under enormous pressure due to habitat destruction. In China, these most-at-risk species are described as ‘plant species with extremely small populations’ (PSESP). Implementing conservation action for such listed species is urgent. Storing seeds is one of the main means of ex situ conservation for flowering plants. Spore storage could provide a simple and economical method for fern ex situ conservation. Seed and spore germination in nature is a critical step in species regeneration and thus in situ conservation. But what is known about the seed and spore biology (storage and germination) of at-risk species? We have used China's PSESP (the first group listing) as a case study to understand the gaps in knowledge on propagule biology of threatened plant species. We found that whilst germination information is available for 28 species (23% of PSESP), storage characteristics are only known for 8% of PSESP (10 species). Moreover, we estimate that 60% of the listed species may require cryopreservation for long-term storage. We conclude that comparative biology studies are urgently needed on the world's most threatened taxa so that conservation action can progress beyond species listing

Search for W~1Z~2\widetilde{W}_1\widetilde{Z}_2 Production via Trilepton Final States in ppˉp\bar{p} collisions at s=1.8\sqrt{s}=1.8 TeV

We have searched for associated production of the lightest chargino, $\widetilde{W}_1$, and next-to-lightest neutralino, $\widetilde{Z}_2$, of the Minimal Supersymmetric Standard Model in $p\bar{p}$ collisions at \mbox{$\sqrt{s}$ = 1.8 TeV} using the \D0 detector at the Fermilab Tevatron collider. Data corresponding to an integrated luminosity of 12.5$\pm 0.7$ \ipb were examined for events containing three isolated leptons. No evidence for $\widetilde{W}_1\widetilde{Z}_2$ pair production was found. Limits on $\sigma(\widetilde{W}_1\widetilde{Z}_2)$Br$(\widetilde{W}_1\to l\nu\widetilde{Z}_1)$Br$(\widetilde{Z}_2\to l\bar{l}\widetilde{Z}_1)$ are presented.Comment: 17 pages (13 + 1 page table + 3 pages figures). 3 PostScript figures will follow in a UUEncoded, gzip'd, tar file. Text in LaTex format. Submitted to Physical Review Letters. Replace comments - Had to resumbmit version with EPSF directive

Second Generation Leptoquark Search in p\bar{p} Collisions at s\sqrt{s} = 1.8 TeV

We report on a search for second generation leptoquarks with the D\O\ detector at the Fermilab Tevatron $p\bar{p}$ collider at $\sqrt{s}$ = 1.8 TeV. This search is based on 12.7 pb$^{-1}$ of data. Second generation leptoquarks are assumed to be produced in pairs and to decay into a muon and quark with branching ratio $\beta$ or to neutrino and quark with branching ratio $(1-\beta)$. We obtain cross section times branching ratio limits as a function of leptoquark mass and set a lower limit on the leptoquark mass of 111 GeV/c$^{2}$ for $\beta = 1$ and 89 GeV/c$^{2}$ for $\beta = 0.5$ at the 95%\ confidence level.Comment: 18 pages, FERMILAB-PUB-95/185-

The Azimuthal Decorrelation of Jets Widely Separated in Rapidity

This study reports the first measurement of the azimuthal decorrelation between jets with pseudorapidity separation up to five units. The data were accumulated using the D{\O}detector during the 1992--1993 collider run of the Fermilab Tevatron at $\sqrt{s}=$ 1.8 TeV. These results are compared to next--to--leading order (NLO) QCD predictions and to two leading--log approximations (LLA) where the leading--log terms are resummed to all orders in $\alpha_{\scriptscriptstyle S}$. The final state jets as predicted by NLO QCD show less azimuthal decorrelation than the data. The parton showering LLA Monte Carlo {\small HERWIG} describes the data well; an analytical LLA prediction based on BFKL resummation shows more decorrelation than the data.Comment: 6 pages with 4 figures, all uuencoded and gzippe

Jet Production via Strongly-Interacting Color-Singlet Exchange in ppˉp\bar{p} Collisions

A study of the particle multiplicity between jets with large rapidity separation has been performed using the D{\O}detector at the Fermilab Tevatron $p\bar{p}$ Collider operating at $\sqrt{s}=1.8$ TeV. A significant excess of low-multiplicity events is observed above the expectation for color-exchange processes. The measured fractional excess is $1.07 \pm 0.10({\rm stat})^{+ 0.25}_{- 0.13}({\rm syst})$, which is consistent with a strongly-interacting color-singlet (colorless) exchange process and cannot be explained by electroweak exchange alone. A lower limit of 0.80% (95% C.L.) is obtained on the fraction of dijet events with color-singlet exchange, independent of the rapidity gap survival probability.Comment: 15 pages (REVTeX), 3 PS figs (uuencoded/tar compressed, epsf.sty) Complete postscript available at http://d0sgi0.fnal.gov/d0pubs/journals.html Submitted to Physical Review Letter