Image Similarity Metrics in Image Registration

Measures of image similarity that inspect the intensity probability distribution of the images have proved extremely popular in image registration applications. The joint entropy of the intensity distributions and the marginal entropies of the individual images are combined to produce properties such as resistance to loss of information in one image and invariance to changes in image overlap during registration. However information theoretic cost functions are largely used empirically. This work attempts to describe image similarity measures within a formal mathematical metric framework. Redefining mutual information as a metric is shown to lead naturally to the standardised variant, normalised mutual information

A Perceptually Based Comparison of Image Similarity Metrics

The assessment of how well one image matches another forms a critical component both of models of human visual processing and of many image analysis systems. Two of the most commonly used norms for quantifying image similarity are L1 and L2, which are specific instances of the Minkowski metric. However, there is often not a principled reason for selecting one norm over the other. One way to address this problem is by examining whether one metric, better than the other, captures the perceptual notion of image similarity. This can be used to derive inferences regarding similarity criteria the human visual system uses, as well as to evaluate and design metrics for use in image-analysis applications. With this goal, we examined perceptual preferences for images retrieved on the basis of the L1 versus the L2 norm. These images were either small fragments without recognizable content, or larger patterns with recognizable content created by vector quantization. In both conditions the participants showed a small but consistent preference for images matched with the L1 metric. These results suggest that, in the domain of natural images of the kind we have used, the L1 metric may better capture human notions of image similarity

Temporal similarity metrics for latent network reconstruction: The role of time-lag decay

When investigating the spreading of a piece of information or the diffusion of an innovation, we often lack information on the underlying propagation network. Reconstructing the hidden propagation paths based on the observed diffusion process is a challenging problem which has recently attracted attention from diverse research fields. To address this reconstruction problem, based on static similarity metrics commonly used in the link prediction literature, we introduce new node-node temporal similarity metrics. The new metrics take as input the time-series of multiple independent spreading processes, based on the hypothesis that two nodes are more likely to be connected if they were often infected at similar points in time. This hypothesis is implemented by introducing a time-lag function which penalizes distant infection times. We find that the choice of this time-lag strongly affects the metrics' reconstruction accuracy, depending on the network's clustering coefficient and we provide an extensive comparative analysis of static and temporal similarity metrics for network reconstruction. Our findings shed new light on the notion of similarity between pairs of nodes in complex networks

Clustering of exchange rates and their dynamics under different dependence measures

This paper proposes an improvement to the method for clustering exchange rates given by D. J. Fenn et al, in Quantitative Finance, 12 (10) 2012, pp.1493-1520. To deal with the potentially non linear nature of currency time series dependence, we propose two alternative similarity metrics to use instead of the one used in the aforementioned paper based on Pearson correlation. Our proposed similarity metrics are based upon Kendall and distance correlations. We observe how each of the newly adapted clustering methods respond over several years of currency exchange data and find significant differences in the resulting clusters.Peer ReviewedPostprint (published version