50 Non-ferrous Metals Companies Announce Annual Performance Forecasts And Tianqi Lithium Is Temporarily The Profit King

According to eastmoney.com’s Choice data,50listed non-ferrous metals companies have announced the 2017 performance forecasts,where 39 companies forecast profits,accounting for more than 70%.Among them,there are 19 companies each with a forecast net profit of more than RMB 100million and 13 companies with a more

Experiments with the Improved Dynamical-Statistical-Analog Ensemble Forecast Model for Landfalling Typhoon Precipitation over South China

In recent work,three physical factors of the Dynamical-Statistical-Analog Ensemble Forecast Model for Landfalling Typhoon Precipitation(DSAEF_LTP model)have been introduced,namely,tropical cyclone(TC)track,TC landfall season,and TC intensity.In the present study,we set out to test the forecasting performance of the improved model with new similarity regions and ensemble forecast schemes added.Four experiments associated with the prediction of accumulated precipitation were conducted based on 47 landfalling TCs that occurred over South China during 2004-2018.The first experiment was designed as the DSAEF_LTP model with TC track,TC landfall season,and intensity(DSAEF_LTP-1).The other three experiments were based on the first experiment,but with new ensemble forecast schemes added(DSAEF_LTP-2),new similarity regions added(DSAEF_LTP-3),and both added(DSAEF_LTP-4),respectively.Results showed that,after new similarity regions added into the model(DSAEF_LTP-3),the forecasting performance of the DSAEF_LTP model for heavy rainfall(accumulated precipitation≥250 mm and≥100 mm)improved,and the sum of the threat score(TS250+TS100)increased by 4.44%.Although the forecasting performance of DSAEF_LTP-2 was the same as that of DSAEF_LTP-1,the forecasting performance was significantly improved and better than that of DSAEF_LTP-3 when the new ensemble schemes and similarity regions were added simultaneously(DSAEF_LTP-4),with the TS increasing by 25.36%.Moreover,the forecasting performance of the four experiments was compared with four operational numerical weather prediction models,and the comparison indicated that the DSAEF_LTP model showed advantages in predicting heavy rainfall.Finally,some issues associated with the experimental results and future improvements of the DSAEF_LTP model were discussed.

Modelling the dynamics of stock market in the gulf cooperation council countries:evidence on persistence to shocks

This study examines the statistical properties required to model the dynamics of both the returns and volatility series of the daily stock market returns in six Gulf Cooperation Council countries,namely Bahrain,Oman,Kuwait,Qatar,Saudi Arabia,and the United Arab Emirates,under different financial and economic circumstances.The empiri-cal investigation is conducted using daily data from June 1,2005 to July 1,2019.The analysis is conducted using a set of double long-memory specifications with some significant features such as long-range dependencies,asymmetries in conditional variances,non-linearity,and multiple seasonality or time-varying correlations.Our study indicates that the joint dual long-memory process can adequately estimate long-memory dynamics in returns and volatility.The in-sample diagnostic tests as well as out-of-sample forecasting results demonstrate the prevalence of the Autoregressive Fractionally Integrated Moving Average and Hyperbolic Asymmetric Power Autoregressive Conditional Heteroskedasticity modeling process over other competing models in fitting the first and the second conditional moments of the market returns.Moreover,the empirical results show that the proposed model offers an interesting framework to describe the long-range dependence in returns and seasonal persistence to shocks in conditional volatility and strongly support the estimation of dynamic returns that allow for time-varying correlations.A noteworthy finding is that the long-memory dependencies in the conditional variance processes of stock market returns appear important,asymmetric,and differ in their volatility responses to unexpected shocks.Our evidence suggests that these markets are not completely efficient in processing regional news,thus providing a sound alternative for regional portfolio diversification.