Long-range memory and multifractality in gold markets

Long-range correlation and fluctuation in the gold market time series of world's two leading gold consuming countries, namely China and India, are studied. For both the market series during the period 1985-2013 we observe a long-range persistence of memory in the sequences of maxima (minima) of returns in successive time windows of fixed length, but the series as a whole are found to be uncorrelated. Multifractal analysis for these series as well as for the sequences of maxima (minima) is carried out in terms of the multifractal detrended fluctuation analysis (MF-DFA) method. We observe a weak multifractal structure for the original series that is mainly originated from the fat-tailed probability distribution function of the values, and the multifractal nature of the original time series is enriched into their sequences of maximal (minimal) returns. A quantitative measure of multifractality is provided by using a set of "complexity parameters".Comment: 21 pages, 10 figures, 2 table

Simulation study of elliptic flow of charged hadrons produced in Au + Au collisions at the Facility for Antiproton and Ion Research

Centrality and system geometry dependence of azimuthal anisotropy of charged hadrons measured in terms of the elliptic flow parameter are investigated using Au+Au event samples at incident beam energy $20$A GeV and $40$A GeV generated by Ultrarelativistic Quantum Molecular Dynamics and A Multiphase Transport models. The Monte Carlo Glauber model is employed to estimate the eccentricity of the overlapping zone at an early stage of the collisions. Anisotropies present both in the particle multiplicity distribution and in the kinetic radial expansion are examined by using standard statistical and phenomenological methods. In the context of upcoming Compressed Baryonic Matter experiment to be held at the Facility for Antiproton and Ion Research, the present set of simulated results provide us not only with an opportunity to examine the expected collective behavior of hadronic matter at high baryon density and moderate temperature environment, but when compared with similar results obtained from Relativistic Heavy Ion Collider and Large Hadron Collider experiments, they also allow us to investigate how anisotropy of hadronic matter may differ or agree with its low baryon density and high temperature counterpart.Comment: 13 pages, 17 figure