Portfolio Diversification with Commodity Futures: Properties of Levered Futures

Portfolio Diversification with Commodity Futures: Properties of Levered Futures This study extends previous work on the impact of commodity futures on portfolio performance by explicitly incorporating levered futures into the portfolio optimization problem. Using data on nine individual commodity futures and one aggregate index from 1994-2003, we find that collateralized and levered futures strategies perform similarly in an ex-post context. Significant differences between the approaches emerge however when constraints on investment behavior exist. Further, levered futures do not result in a prohibitive number of margin calls. The investment performances of the collateralized and the levered strategies vary little across different rebalancing intervals, and frequent portfolio rebalancing does not necessarily result in superior performance. Keywords: Levered futures, optimal portfolio performance, constraint investment

A study of generalized second law of thermodynamics in modified f(R) Horava-Lifshitz gravity

This work investigates the validity of the generalized second law of thermodynamics in modified f(R) Horava-Lifshitz gravity proposed by Chaichian et al (2010) [Class. Quantum Grav. 27 (2010) 185021], which is invariant under foliation-preserving diffeomorphisms. It has been observed that the equation of state parameter behaves like quintessence (w > -1). We study the thermodynamics of the apparent, event and particle horizons in this modified gravity. We observe that under this gravity, the time derivative of total entropy stays at positive level and hence the generalized second law is validated.Comment: 12 pages, 8 figures, Accepted for publication Astrophysics and Space Science, 201

Filtering out the cosmological constant in the Palatini formalism of modified gravity

According to theoretical physics the cosmological constant (CC) is expected to be much larger in magnitude than other energy densities in the universe, which is in stark contrast to the observed Big Bang evolution. We address this old CC problem not by introducing an extremely fine-tuned counterterm, but in the context of modified gravity in the Palatini formalism. In our model the large CC term is filtered out, and it does not prevent a standard cosmological evolution. We discuss the filter effect in the epochs of radiation and matter domination as well as in the asymptotic de Sitter future. The final expansion rate can be much lower than inferred from the large CC without using a fine-tuned counterterm. Finally, we show that the CC filter works also in the Kottler (Schwarzschild-de Sitter) metric describing a black hole environment with a CC compatible to the future de Sitter cosmos.Comment: 22 pages, 1 figure, discussion extended, references added, accepted by Gen.Rel.Gra

Some exact solutions of F(R) gravity with charged (a)dS black hole interpretation

In this paper we obtain topological static solutions of some kind of pure $F(R)$ gravity. The present solutions are two kind: first type is uncharged solution which corresponds with the topological (a)dS Schwarzschild solution and second type has electric charge and is equivalent to the Einstein-$\Lambda$-conformally invariant Maxwell solution. In other word, starting from pure gravity leads to (charged) Einstein-$\Lambda$ solutions which we interpreted them as (charged) (a)dS black hole solutions of pure $F(R)$ gravity. Calculating the Ricci and Kreschmann scalars show that there is a curvature singularity at $r=0$. We should note that the Kreschmann scalar of charged solutions goes to infinity as $r \rightarrow 0$, but with a rate slower than that of uncharged solutions.Comment: 21 pages, 4 figures, generalization to higher dimensions, references adde

Light propagation in statistically homogeneous and isotropic universes with general matter content

We derive the relationship of the redshift and the angular diameter distance to the average expansion rate for universes which are statistically homogeneous and isotropic and where the distribution evolves slowly, but which have otherwise arbitrary geometry and matter content. The relevant average expansion rate is selected by the observable redshift and the assumed symmetry properties of the spacetime. We show why light deflection and shear remain small. We write down the evolution equations for the average expansion rate and discuss the validity of the dust approximation.Comment: 42 pages, no figures. v2: Corrected one detail about the angular diameter distance and two typos. No change in result

Search for leptophobic Z ' bosons decaying into four-lepton final states in proton-proton collisions at root s=8 TeV

Peer reviewe

Search for black holes and other new phenomena in high-multiplicity final states in proton-proton collisions at root s=13 TeV

Peer reviewe

Search for high-mass diphoton resonances in proton-proton collisions at 13 TeV and combination with 8 TeV search

Peer reviewe

Search for heavy resonances decaying into a vector boson and a Higgs boson in final states with charged leptons, neutrinos, and b quarks

Peer reviewe

Measurement of the azimuthal anisotropy of Y(1S) and Y(2S) mesons in PbPb collisions at √S^{S}NN = 5.02 TeV

The second-order Fourier coefficients (υ$_{2}$) characterizing the azimuthal distributions of Υ(1S) and Υ(2S) mesons produced in PbPb collisions at $\sqrt{s_{NN}}$ = 5.02 TeV are studied. The Υmesons are reconstructed in their dimuon decay channel, as measured by the CMS detector. The collected data set corresponds to an integrated luminosity of 1.7 nb$^{-1}$. The scalar product method is used to extract the υ$_{2}$ coefficients of the azimuthal distributions. Results are reported for the rapidity range |y| < 2.4, in the transverse momentum interval 0 < p$_{T}$ < 50 GeV/c, and in three centrality ranges of 10–30%, 30–50% and 50–90%. In contrast to the J/ψ mesons, the measured υ$_{2}$ values for the Υ mesons are found to be consistent with zero