Recurrence interval analysis of high-frequency financial returns and its application to risk estimation

We investigate the probability distributions of the recurrence intervals $\tau$ between consecutive 1-min returns above a positive threshold $q>0$ or below a negative threshold $q<0$ of two indices and 20 individual stocks in China's stock market. The distributions of recurrence intervals for positive and negative thresholds are symmetric, and display power-law tails tested by three goodness-of-fit measures including the Kolmogorov-Smirnov (KS) statistic, the weighted KS statistic and the Cram\'er-von Mises criterion. Both long-term and shot-term memory effects are observed in the recurrence intervals for positive and negative thresholds $q$. We further apply the recurrence interval analysis to the risk estimation for the Chinese stock markets based on the probability $W_q(\Delta{t},t)$, Value-at-Risk (VaR) analysis and VaR analysis conditioned on preceding recurrence intervals.Comment: 17 pages, 10 figures, 1 tabl

Metallicity of Red Giants in the Galactic Bulge from Near-Infrared Spectroscopy

We present K-band spectra of more than 110 M giants in Galactic bulge fields interior to -4 degrees and as close as 0.2 degrees of the Galactic Center. From the equivalent widths of three features in these spectra, EW(Na),EW(Ca), and EW(CO) we calculate [Fe/H] for the stars with a calibration derived from globular clusters Stephens et al (2000). The mean [Fe/H] for each field is in good agreement with the results from Frogel et al. (1999) based on the slope of the giant branch method. We find no evidence for a metallicity gradient along the minor or major axes of the inner bulge (R < 0.6 kpc). A metallicity gradient along the minor axis, found earlier, arises when fields located at larger galactic radius are included. However, these more distant fields are located outside of the infrared bulge defined by the COBE/DIRBE observations. We compute the [Fe/H] distribution for the inner bulge and find a mean value of -0.21 dex with a full width dispersion of 0.30 dex, close to the values found for Baade's Window (BW) by Sadler et al. (1996) and to a theoretical prediction for a bulge formed by dissipative collapse Molla et al (2000).Comment: 32 pages, 10 figures, AJ submitte

Correspondence between W. J. Kerr, A. E. Stene, F. M. Rolfs, L. H. Bailey, and Charles F. Curtiss

Correspondence concerning a position in Horticulture Botany at Utah Agricultural College

The design of an experiment to detect low energy antiprotons

The techniques to be used in a balloon borne experiment APEX to detect 220 MeV antiprotons are described, paying particular attention to potential sources of background. Event time history is shown to be very effective in eliminating this background. Results of laboratory tests on the timing resolution which may be achieved are presented

Multibody aircraft study, volume 2

The potential benefits of a multibody aircraft when compared to a single body aircraft are presented. The analyses consist principally of a detailed point design analysis of three multibody and one single body aircraft, based on a selected payload of 350,000 kg (771,618 lb), for final aircraft definitions; sensitivity studies to evaluate the effects of variations in payload, wing semispan body locations, and fuel price; recommendations as to the research and technology requirements needed to validate the multibody concept. Two, two body, one, three body, and one single body aircraft were finalized for the selected payload, with DOC being the prime figure of merit. When compared to the single body, the multibody aircraft showed a reduction in DOC by as much as 11.3 percent. Operating weight was reduced up to 14 percent, and fly away cost reductions ranged from 8.6 to 13.4 percent. Weight reduction, hence cost, of the multibody aircraft resulted primarily from the wing bending relief afforded by the bodies being located outboard on the wing

Frustrations of fur-farmed mink

Captive animals may suffer if strongly motivated to perform activities that their housing does not allow. We investigated this experimentally for caged mink, and found that they would pay high costs to perform a range of natural behaviours, and release cortisol if their most preferred activity, swimming, was prevented. Investigates the effect of limitations on caged mink. Popularity of fur farming; Research into the possible deprivation of mink, which result in their frustration; Details of the experiment; Impact of an access to water; Results which indicate that fur-farmed mink are still motivated to perform the same activities as their wild counterpart

Effective Critical Exponents for Dimensional Ccrossover and Quantum Systems from an Environmentally Friendly Renormalization Group

Series for the Wilson functions of an ``environmentally friendly'' renormalization group are computed to two loops, for an $O(N)$ vector model, in terms of the ``floating coupling'', and resummed by the Pad\'e method to yield crossover exponents for finite size and quantum systems. The resulting effective exponents obey all scaling laws, including hyperscaling in terms of an effective dimensionality, {d\ef}=4-\gl, which represents the crossover in the leading irrelevant operator, and are in excellent agreement with known results.Comment: 10 pages of Plain Tex, Postscript figures available upon request from [email protected], preprint numbers THU-93/18, DIAS-STP-93-1

Test of Nuclear Wave Functions for Pseudospin Symmetry

Using the fact that pseudospin is an approximate symmetry of the Dirac Hamiltonian with realistic scalar and vector mean fields, we derive the wave functions of the pseudospin partners of eigenstates of a realistic Dirac Hamiltonian and compare these wave functions with the wave functions of the Dirac eigenstates.Comment: 11 pages, 4 figures, minor changes in text and figures to conform with PRL requirement

Interpreting the seasonal cycles of atmospheric oxygen and carbon dioxide concentrations at American Samoa Observatory

We present seven years of atmospheric O2/N2 ratio and CO2 concentration data measured from flask samples collected at American Samoa. These data are unusual, exhibiting higher short-term variability, and seasonal cycles not in phase with other sampling stations. The unique nature of atmospheric data from Samoa has been noted previously from measurements of CO2, methyl chloroform, and ozone. With our O2 data, we observe greater magnitude in the short-term variability, but, in contrast, no clear seasonal pattern to this variability. This we attribute to significant regional sources and sinks existing for O2 in both hemispheres, and a dependence on both the latitudinal and altitudinal origins of air masses. We also hypothesize that some samples exhibit a component of "older" air, demonstrating recirculation of air within the tropics. Our findings could be used to help constrain atmospheric transport models which are not well characterized in tropical regions

Factors Influencing Depression and Anxiety among Black Sexual Minority Men

The primary aim of this study was to examine the relationships between depression and anxiety, and ethnic and sexual identity development, and discrimination and harassment (DH) among Black sexual minority men. Additional aims were to determine whether an interaction effect existed between ethnic and sexual identity and whether coping skills level moderated these relationships. Using an observational cross-sectional design, 54 participants recruited through snowball sampling completed self-administered online surveys. Stepwise multiple regression analysis was used. Sixty-four percent of the variance in depression scores and 53% of the variance in anxiety scores were explained by DH and internalized homonegativity together. Thirty percent of the sample had scale scores indicating likelihood of depression and anxiety. Experience of DH and internalized homonegativity explained a large portion of the variability in depression and anxiety among Black sexual minority men. The study showed high prevalence of mental distress among this sample