Estimating the efficient price from the order flow: a Brownian Cox process approach

At the ultra high frequency level, the notion of price of an asset is very ambiguous. Indeed, many different prices can be defined (last traded price, best bid price, mid price,...). Thus, in practice, market participants face the problem of choosing a price when implementing their strategies. In this work, we propose a notion of efficient price which seems relevant in practice. Furthermore, we provide a statistical methodology enabling to estimate this price form the order flow

Hybrid meson masses and the correlated Gaussian basis

We revisited a model for charmonium hybrid meson with a magnetic gluon [Yu. S. Kalashnikova and A. V. Nefediev, Phys. Rev. D {\bf 77}, 054025 (2008)] and improved the numerical calculations. These improvements support the hybrid meson interpretation of X(4260). Within the same model, we computed the hybrid meson mass with an electric gluon which is resolved to be lighter. Relativistic effects and coupling channels decreased also the mass.Comment: 9 pages, 20 figures ; accepted for publication in Phys. Rev.

Coexistence of long-ranged charge and orbital order and spin-glass state in single-layered manganites with weak quenched disorder

The relationship between orbital and spin degrees of freedom in the single-crystals of the hole-doped Pr$_{1-x}$Ca$_{1+x}$MnO$_4$, 0.3 $\leq$ $x$ $\leq$ 0.7, has been investigated by means of ac-magnetometry and charge transport. Even though there is no cation ordering on the $A$-site, the quenched disorder is extremely weak in this system due to the very similar ionic size of Pr$^{3+}$ and Ca$^{2+}$. A clear asymmetric response of the system to the under- (respective over-) hole doping was observed. The long-ranged charge-orbital order established for half doping ($x$=0.5) subsists in the over-doping case ($x$ $>$ 0.5), albeit rearranged to accommodate the extra holes introduced in the structure. The charge-orbital order is however destabilized by the presence of extra localized electrons (under-doping, $x$ $<$ 0.5), leading to its disappearance below $x$=0.35. We show that in an intermediate under-doped region, with 0.35 $\leq$ $x$ $<$ 0.5, the ``orbital-master spin-slave'' relationship commonly observed in half-doped manganites does not take place. The long-ranged charge-orbital order is not accompanied by an antiferromagnetic transition at low temperatures, but by a frustrated short-ranged magnetic state bringing forth a spin-glass phase. We discuss in detail the nature and origin of this spin-glass state, which, as in the half-doped manganites with large quenched disorder, is not related to the macroscopic phase separation observed in crystals with minor defects or impurities.Comment: EPL style; 6 pages, 5 figure

Bandwidth-disorder phase diagram of half doped layered manganites

Phase diagrams in the plane of $r_A$ (the average ionic radius, related to one-electron bandwidth $W$) and $\sigma^2$ (the ionic radius variance, measuring the quenched disorder), or ``bandwidth-disorder phase diagrams'', have been established for perovskite manganites, with three-dimensional (3$D$) Mn-O network. Here we establish the intrinsic bandwidth-disorder phase diagram of half-doped layered manganites with the two-dimensional (2$D$) Mn-O network, examining in detail the ``mother state'' of the colossal magnetoresistance (CMR) phenomenon in crystals without ferromagnetic instability. The consequences of the reduced dimensionality, from 3$D$ to 2$D$, on the order-disorder phenomena in the charge-orbital sectors are also highlighted.Comment: REVTeX 4 style; 5 pages, 4 figure

Large-eddy simulation of the flow in a lid-driven cubical cavity

Large-eddy simulations of the turbulent flow in a lid-driven cubical cavity have been carried out at a Reynolds number of 12000 using spectral element methods. Two distinct subgrid-scales models, namely a dynamic Smagorinsky model and a dynamic mixed model, have been both implemented and used to perform long-lasting simulations required by the relevant time scales of the flow. All filtering levels make use of explicit filters applied in the physical space (on an element-by-element approach) and spectral (modal) spaces. The two subgrid-scales models are validated and compared to available experimental and numerical reference results, showing very good agreement. Specific features of lid-driven cavity flow in the turbulent regime, such as inhomogeneity of turbulence, turbulence production near the downstream corner eddy, small-scales localization and helical properties are investigated and discussed in the large-eddy simulation framework. Time histories of quantities such as the total energy, total turbulent kinetic energy or helicity exhibit different evolutions but only after a relatively long transient period. However, the average values remain extremely close

Eu0.5_{0.5}Sr1.5_{1.5}MnO4_4: a three-dimensional XY spin glass

The frequency, temperature, and dc-bias dependence of the ac-susceptibility of a high quality single crystal of the Eu$_{0.5}$Sr$_{1.5}$MnO$_4$ layered manganite is investigated. Eu$_{0.5}$Sr$_{1.5}$MnO$_4$ behaves like a XY spin glass with a strong basal anisotropy. Dynamical and static scalings reveal a three-dimensional phase transition near $T_g$ = 18 K, and yield critical exponent values between those of Heisenberg- and Ising-like systems, albeit slightly closer to the Ising case. Interestingly, as in the latter system, the here observed rejuvenation effects are rather weak. The origin and nature of the low temperature XY spin glass state is discussed.Comment: REVTeX 4 style; 5 pages, 4 figure

Semirelativistic potential model for low-lying three-gluon glueballs

The three-gluon glueball states are studied with the generalization of a semirelativistic potential model giving good results for two-gluon glueballs. The Hamiltonian depends only on 3 parameters fixed on two-gluon glueball spectra: the strong coupling constant, the string tension, and a gluon size which removes singularities in the potential. The Casimir scaling determines the structure of the confinement. Low-lying $J^{PC}$ states are computed and compared with recent lattice calculations. A good agreement is found for $1^{--}$ and $3^{--}$ states, but our model predicts a $2^{--}$ state much higher in energy than the lattice result. The $0^{-+}$ mass is also computed.Comment: 2 figure