3,272 research outputs found

    Hydraulic conductivity, xylem cavitation, and water potential for succulent leaves of agave deserti and agave tequilana

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    Journal ArticleAxial hydraulic conductivity (Kh) was measured for fresh, dehydrated, and rehydrated leaves of the Crassulacean acid metabolism (CAM) leaf succulents, Agave deserti and Agave tequilana. Dehydration of leaves at 35(o)C for several hours caused Kh to decrease, with a 50% decrease occurring at a leaf water potential of -2.37 MPa for A. deserti and at -1.72 MPa for A. tequilana

    Magnetic Flux Tube Reconnection: Tunneling Versus Slingshot

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    The discrete nature of the solar magnetic field as it emerges into the corona through the photosphere indicates that it exists as isolated flux tubes in the convection zone, and will remain as discrete flux tubes in the corona until it collides and reconnects with other coronal fields. Collisions of these flux tubes will in general be three dimensional, and will often lead to reconnection, both rearranging the magnetic field topology in fundamental ways, and releasing magnetic energy. With the goal of better understanding these dynamics, we carry out a set of numerical experiments exploring fundamental characteristics of three dimensional magnetic flux tube reconnection. We first show that reconnecting flux tubes at opposite extremes of twist behave very differently: in some configurations, low twist tubes slingshot while high twist tubes tunnel. We then discuss a theory explaining these differences: by assuming helicity conservation during the reconnection one can show that at high twist, tunneled tubes reach a lower magnetic energy state than slingshot tubes, whereas at low twist the opposite holds. We test three predictions made by this theory. 1) We find that the level of twist at which the transition from slingshot to tunnel occurs is about two to three times higher than predicted on the basis of energetics and helicity conservation alone, probably because the dynamics of the reconnection play a large role as well. 2) We find that the tunnel occurs at all flux tube collision angles predicted by the theory. 3) We find that the amount of magnetic energy a slingshot or a tunnel reconnection releases agrees reasonably well with the theory, though at the high resistivities we have to use for numerical stability, a significant amount of magnetic energy is lost to diffusion, independent of reconnection.Comment: 21 pages, 15 figures, submitted to Ap

    An investigation into Multivariate Variance Ratio Statistics and their application to Stock Market Predictability

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    We propose several multivariate variance ratio statistics. We derive the asymptotic distribution of the statistics and scalar functions thereof under the null hypothesis that returns are unpredictable after a constant mean adjustment (i.e., under the weak form Efficient Market Hypothesis). We do not impose the no leverage assumption of Lo and MacKinlay (1988) but our asymptotic standard errors are relatively simple and in particular do not require the selection of a bandwidth parameter. We extend the framework to allow for a time varying risk premium through common systematic factors. We show the limiting behaviour of the statistic under a multivariate fads model and under a moderately explosive bubble process: these alternative hypotheses give opposite predictions with regards to the long run value of the statistics. We apply the methodology to five weekly size-sorted CRSP portfolio returns from 1962 to 2013 in three subperiods. period, for small and medium cap stocks. The main findings are not substantially affected by allowing for a common factor time varying risk premium

    Multivariate Variance Ratio Statistics

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    We propose several multivariate variance ratio statistics. We derive the asymptotic distribution of the statistics and scalar functions thereof under the null hypothesis that returns are unpredictable after a constant mean adjustment (i.e., under the Efficient Market Hypothesis). We do not impose the no leverage assumption of Lo and MacKinlay (1988) but our asymptotic standard errors are relatively simple and in particular do not require the selection of a bandwidth parameter. We extend the framework to allow for a smoothly varying risk premium in calendar time, and show that the limiting distribution is the same as in the constant mean adjustment case. We show the limiting behaviour of the statistic under a multivariate fads model and under a moderately explosive bubble process: these alternative hypotheses give opposite predictions with regards to the long run value of the statistics. We apply the methodology to three weekly size-sorted CRSP portfolio returns from 1962 to 2013 in three subperiods. We find evidence of a reduction of linear predictability in the most recent period, for small and medium cap stocks. We find similar results for the main UK stock indexes. The main findings are not substantially affected by allowing for a slowly varying risk premium

    An investigation into Multivariate Variance Ratio Statistics and their application to Stock Market Predictability

    Get PDF
    We propose several multivariate variance ratio statistics. We derive the asymptotic distribution of the statistics and scalar functions thereof under the null hypothesis that returns are unpredictable after a constant mean adjustment (i.e., under the weak form Efficient Market Hypothesis). We do not impose the no leverage assumption of Lo and MacKinlay (1988) but our asymptotic standard errors are relatively simple and in particular do not require the selection of a bandwidth parameter. We extend the framework to allow for a time varying risk premium through common systematic factors. We show the limiting behaviour of the statistic under a multivariate fads model and under a moderately explosive bubble process: these alternative hypotheses give opposite predictions with regards to the long run value of the statistics. We apply the methodology to five weekly size-sorted CRSP portfolio returns from 1962 to 2013 in three subperiods. period, for small and medium cap stocks. The main findings are not substantially affected by allowing for a common factor time varying risk premium

    The rise and emergence of untwisted toroidal flux ropes on the sun

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    Magnetic flux ropes (MFRs) rising buoyantly through the Sun's convection zone are thought to be subject to viscous forces preventing them from rising coherently. Numerous studies have suggested that MFRs require a minimum twist in order to remain coherent during their rise. Furthermore, even MFRs that get to the photosphere may be unable to successfully emerge into the corona unless they are at least moderately twisted, since the magnetic pressure gradient needs to overcome the weight of the photospheric plasma. To date, however, no lower limit has been placed on the critical minimum twist required for an MFR to rise coherently through the convection zone or emerge through the photosphere. In this paper, we simulate an untwisted toroidal MFR that is able to rise from the convection zone and emerge through the photosphere as an active region that resembles those observed on the Sun. We show that untwisted MFRs can remain coherent during their rise and then pile up near the photosphere, triggering undular instability, allowing the MFR to emerge through the photosphere. We propose that the toroidal geometry of our MFR is critical for its coherent rise. Upon emergence, a pair of lobes rises into the corona. The two lobes then interact and reconnect, resulting in a localized high speed jet. The resulting photospheric magnetogram displays the characteristic salt-and-pepper structure often seen in observations. Our major result is that MFRs need not be twisted to rise coherently through the convection zone and emerge through the photosphere. © 2021. The American Astronomical Society. All rights reserved
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