Do Time-Varying Covariances, Volatility Comovement and Spillover Matter?

Financial markets and their respective assets are so intertwined; analyzing any single market in isolation ignores important information. We investigate whether time varying volatility comovement and spillover impact the true variance-covariance matrix under a time-varying correlation set up. Statistically significant volatility spillover and comovement between US, UK and Japan is found. To demonstrate the importance of modelling volatility comovement and spillover, we look at a simple portfolio optimization application. A utility based comparison is used to evaluate the economic performance of the portfolio which considers time varying correlation with volatility comovement and spillover. This paper shows that a portfolio strategy incorporating time-varying correlation with asymmetric volatility comovement and spillover outperforms the constant correlation model without comovement and spillover by yielding the highest level of wealth and utility difference of up to 250 basis points.

Gel time studies in activation of polyester resins

Gelling times of polyester resins with varying quantities of catalyst and accelerator were studied and the results reported in this communication

On the use of different natural baits for sea-fishing in India

Rod and line, hand-line, trolling line and fish-traps are the different types of fishing gears wherein suitable fish baits are employed with a view to luring the catch. The coastal fishermen of India mostly use different types of natural fish-baits to catch fishes like Perches, Carangids, Sciaenids, Scombroids and Elasmobranchs. The reactions of the fishes caught to the different baits used are quite varied. Successful line fishing operations very much depend on the fish-baits. A detailed record of the variety of fishes caught, types of fishing and different baits used by the coastal fishermen of India has been made

Preliminary experiments to evaluate the relative efficiency of different natural baits in line fishing

A series of experimental hand-line fishing operations were conducted off the Madras coast employing five different types of natural fish baits. Based on the total catch of fish per day of fishing under each type of bait used, a comparative study on the catching efficiency of the different natural fish-baits was made. The reaction of the fish to particular bait appears to be the result of a complex process. Live baits have the maximum catching efficiency as seen from the fish landings when live prawns were employed as the bait. The procurement of live baits is a serious problem to the fishermen and as such suitable artificial fish lures can be profitably employed

A case history on the phenomenal corrosion of marine propellers in fishing boats

Although high tensile brassess of copper-zinc alloys (Manganese bronze) find extensive use in all marine applications, under aggressive sea-water, marine propellers cast out of such an alloy frequently suffer heavy corrosion damages due to dezincification. An interesting case history where a number of propellers have undergone dezincification in the Cochin backwaters is narrated in this paper

Utilization of treated wood, steel, fibreglass, ferrocement and aluminium in the construction of modern fishing boats and their comparative cost analysis

Modern fishing boats have to be built not only on perfect lines but also with sound and strong construction materials that will ensure a long lasting trouble free service commensurate with the heavy capital investment involved. Choice of construction materials for fishing boats need careful scrutiny as they have to perform too well under most aggressive environments-sea-water and marine atmosphere. A number of alternative boat-building materials are now available whose comparative merits and demerits as well as comparative costs are brought out in this paper

Experiments with fibre-glass sheathing as a protection against marine wood-boring organisms

Wooden test panels of different species of wood sheathed with fibre-glass reinforced plastic were subjected to immersion tests along with corresponding controls in Cochin Port area and the effect of the protective coating studied

A wider choice of construction materials for the modern fishing boats

An account of fishing vessel construction materials is given, with information on essential features, and a material account. Materials discussed in detail are steel, wood, aluminium, glass reinforced plastic, and ferro-cement

Problems associated with the over protection of fishing trawlers against sea water corrosion and fouling

Some presently used anti-fouling materials contain metals and other compounds, which are toxic in the environment. Coating products are not always stable, and there is a resulting pollution hazard. In particular if surfaces are poorly prepared and manufactures' instructions are not closely followed the application of anti-fouling substances becomes pointless and dangerous. In addition the salinity, constant biological activity and suspended particles make seawater a highly corrosive material in its own right