Time–frequency co-movement and risk connectedness among cryptocurrencies:new evidence from the higher-order moments before and during the COVID-19 pandemic

Analyzing comovements and connectedness is critical for providing significant implications for crypto-portfolio risk management.However,most existing research focuses on the lower-order moment nexus(i.e.the return and volatility interactions).For the first time,this study investigates the higher-order moment comovements and risk connectedness among cryptocurrencies before and during the COVID-19 pandemic in both the time and frequency domains.We combine the realized moment measures and wavelet coherence,and the newly proposed time-varying parameter vector autoregression-based frequency connectedness approach(Chatziantoniou et al.in Integration and risk transmission in the market for crude oil a time-varying parameter frequency connectedness approach.Technical report,University of Pretoria,Department of Economics,2021)using intraday high-frequency data.The empirical results demonstrate that the comovement of realized volatility between BTC and other cryp-tocurrencies is stronger than that of the realized skewness,realized kurtosis,and signed jump variation.The comovements among cryptocurrencies are both time-dependent and frequency-dependent.Besides the volatility spillovers,the risk spillovers of high-order moments and jumps are also significant,although their magnitudes vary with moments,making them moment-dependent as well and are lower than volatility connectedness.Frequency connectedness demonstrates that the risk connectedness is mainly transmitted in the short term(1–7 days).Furthermore,the total dynamic connectedness of all realized moments is time-varying and has been significantly affected by the outbreak of the COVID-19 pandemic.Several practical implications are drawn for crypto investors,portfolio managers,regulators,and policymakers in optimizing their investment and risk management tactics.

Photoinduced Floquet higher-order Weyl semimetal in C_(6) symmetric Dirac semimetals

Topological Dirac semimetals are a parent state from which other exotic topological phases of matter, such as Weyl semimetals and topological insulators, can emerge. In this study, we investigate a Dirac semimetal possessing sixfold rotational symmetry and hosting higher-order topological hinge Fermi arc states, which is irradiated by circularly polarized light. Our findings reveal that circularly polarized light splits each Dirac node into a pair of Weyl nodes due to the breaking of time-reversal symmetry, resulting in the realization of the Weyl semimetal phase. This Weyl semimetal phase exhibits rich boundary states, including two-dimensional surface Fermi arc states and hinge Fermi arc states confined to six hinges.Furthermore, by adjusting the incident direction of the circularly polarized light, we can control the degree of tilt of the resulting Weyl cones, enabling the realization of different types of Weyl semimetals.

Higher-order expansions of powered extremes of logarithmic general error distribution

In this paper,Let M_(n)denote the maximum of logarithmic general error distribution with parameter v≥1.Higher-order expansions for distributions of powered extremes M_(n)^(p)are derived under an optimal choice of normalizing constants.It is shown that M_(n)^(p),when v=1,converges to the Frechet extreme value distribution at the rate of 1/n,and if v>1 then M_(n)^(p)converges to the Gumbel extreme value distribution at the rate of(loglogn)^(2)=(log n)^(1-1/v).

Sensitivity Analysis of Electromagnetic Scattering from Dielectric Targets with Polynomial Chaos Expansion and Method of Moments

In this paper,an adaptive polynomial chaos expansion method(PCE)based on the method of moments(MoM)is proposed to construct surrogate models for electromagnetic scattering and further sensitivity analysis.The MoM is applied to accurately solve the electric field integral equation(EFIE)of electromagnetic scattering from homogeneous dielectric targets.Within the bistatic radar cross section(RCS)as the research object,the adaptive PCE algorithm is devoted to selecting the appropriate order to construct the multivariate surrogate model.The corresponding sensitivity results are given by the further derivative operation,which is compared with those of the finite difference method(FDM).Several examples are provided to demonstrate the effectiveness of the proposed algorithm for sensitivity analysis of electromagnetic scattering from homogeneous dielectric targets.

The deterministic condition for the ground reaction force acting point on the combined knee valgus and tibial internal rotation moments in early phase of cutting maneuvers in female athletes

Background:Combined knee valgus and tibial internal rotation(VL+IR)moments have been shown to stress the anterior cruciate ligament(ACL)in several in vitro cadaveric studies.To utilize this knowledge for non-contact ACL injury prevention in sports,it is necessary to elucidate how the ground reaction force(GRF)acting point(center of pressure(CoP))in the stance foot produces combined knee VL+IR moments in risky maneuvers,such as cuttings.However,the effects of the GRF acting point on the development of the combined knee VL+IR moment in cutting are still unknown.Methods:We first established the deterministic mechanical condition that the CoP position relative to the tibial rotational axis differentiates the GRF vector’s directional probability for developing the combined knee VL+IR moment,and theoretically predicted that when the CoP is posterior to the tibial rotational axis,the GRF vector is more likely to produce the combined knee VL+IR moment than when the CoP is anterior to the tibial rotational axis.Then,we tested a stochastic aspect of our theory in a lab-controlled in vivo experiment.Fourteen females performed 60˚cutting under forefoot/rearfoot strike conditions(10 trials each).The positions of lower limb markers and GRF data were measured,and the knee moment due to GRF vector was calculated.The trials were divided into anterior-and posterior-CoP groups depending on the CoP position relative to the tibial rotational axis at each 10 ms interval from 0 to 100 ms after foot strike,and the occurrence rate of the combined knee VL+IR moment was compared between trial groups.Results:The posterior-CoP group showed significantly higher occurrence rates of the combined knee VL+IR moment(maximum of 82.8%)at every time point than those of the anterior-CoP trials,as theoretically predicted by the deterministic mechanical condition.Conclusion:The rearfoot strikes inducing the posterior CoP should be avoided to reduce the risk of non-contact ACL injury associated with the combined knee VL+IR stress.

A Study of a Moral Dilemma Stories Teaching Model Focusing on the Development of Higher-Order Thinking --"Synthetic polymers" as an example

Cultivating students'higher-order thinking is one of the important goals of modern education,and innovative teaching model is an effective way to achieve this goal.Aiming at the inadequacy of the existing moral dilemma stories approach in the transformation of knowledge and behavior,this research constructs a new Project Based Learning-Ethical Dilemma Stories(PBL-EDS)Teaching Model applicable to China's secondary education stage based on the innovative features of the moral dilemma stories approach on the core competencies,taking the chemistry subject as an example to carry out practice,and puts forward suggestions for the implementation of the teaching model.Chemistry as an example to carry out the practice,and suggestions are made for the implementation of the teaching model.

CONVERGENCE PROPERTIES OF HIGHER-ORDER MOMENT AND CUMULANT ESTIMATES

The sample estimates of higher-order statistics are studied. Under certain conditions, the almost sure convergence of the third- and fourth-order moment and cumulant estimates of stationary processes is established. The rate of almost sure convergence is obtained for the sample estimates of third- and fourth-order moment and cumulant. Additionally, it is shown that the third- and fourth-order moment and cumulant estimates are asymptotic normal.

Unusual magnetic relaxation in a single-molecule magnet with toroidal magnetic moments

We report the synthesis and characterization of a single-molecule magnet composed of triangular clusters of dysprosium ions.The structural study shows that the symmetry changes from one polar point group(mm2)at room temperature to another polar point group(m)at low temperature.Magnetic studies and theory calculations illustrate that the vortex distribution of magnetic dipoles in the triangular dysprosium clusters forms a toroidal magnetic moment.Interestingly,the analysis of AC magnetic susceptibility reveals the coexistence of three distinct magnetic relaxation processes,corresponding to the Raman,Orbach,and QTM relaxation pathways,respectively.The sum of three modified Debye functions is successfully used to describe the multiple relaxation behavior.

Dynamic connectedness and network in the high moments of cryptocurrency,stock,and commodity markets

This study examines the connectedness in high-order moments between cryptocurrency,major stock(U.S.,U.K.,Eurozone,and Japan),and commodity(gold and oil)markets.Using intraday data from 2020 to 2022 and the time and frequency connectedness models of Diebold and Yilmaz(Int J Forecast 28(1):57–66,2012)and Barunik and Křehlik(J Financ Econom 16(2):271–296,2018),we investigate spillovers among the markets in realized volatility,the jump component of realized volatility,realized skewness,and realized kurtosis.These higher-order moments allow us to identify the unique characteristics of financial returns,such as asymmetry and fat tails,thereby capturing various market risks such as downside risk and tail risk.Our results show that the cryptocurrency,stock,and commodity markets are highly connected in terms of volatility and in the jump component of volatility,while their connectedness in skewness and kurtosis is smaller.Moreover,jump and volatility connectedness are more persistent than that of skewness and kurtosis connectedness.Our rolling-window analysis of the connectedness models shows that connectedness varies over time across all moments,and tends to increase during periods of high uncertainty.Finally,we show the potential of gold and oil as hedging and safe-haven investments for other markets given that they are the least connected to other markets across all moments and investment horizons.Our findings provide useful information for designing effective portfolio management and cryptocurrency regulations.

Explaining Pomeranchuk Effect by Parity of Magnetic Moments of Leptons and Hadrons for Superconductivity in 3He and Graphene*

The mystery of superconductivity has intrigued scientists for 110 years now. The author in 2014 specifically predicted the superconductivity in carbon, sulfur and hydrogen compounds and generally predicted carbonaceous, hydrogeneous and sulfurous compounds in 2005 with reference to scattering to asymmetric orbital motions and associated spin and orbital exchanges between nuclei and electrons. The emphasis was in 2005 upon stronger electron and nuclear interactions and electron-phonon effects. But here the author develops more the un-gerade parity of the p and f orbitals and their contributions to the superconductivity at lower pressures and higher temperatures. On the bases of such, the role of parity from the origin and inflation of the Universe is noted and dark and bright energies and matters in the mature Universe are reasoned. Moreover, the superconductors are all reasoned by positive and negative nuclear magnetic moments (NMMs) with availability of un-gerade parities of p and f subshells and their orbitals. In addition to superconductivity, such positive and negative NMMs by Little Effect is presented for explaining Pomeranchuk Effect and thereby further explaining superconductivity and superfluidity of 3He. On the bases of successes of Little Effect via positive and negative NMMs, in particular negative NMMs of 3He, the superconductivity in twisted graphene is explained and also its recently discovered Pomeranchuk Effect.

Moments of Inertia, Magnetic Dipole Moments, and Electric Quadrupole Moments of the Lithium Isotopes

The single-particle Schrödinger fluid model is designed mainly to calculate the moments of inertia of the axially symmetric deformed nuclei by assuming that each nucleon in the nucleus is moving in a single-particle potential which is deformed with time t, through its parametric dependence on a classical shape variable α(t). Also, the Nilsson model is designed for the calculations of the single-particle energy levels, the magnetic dipole moments, and the electric quadrupole moments of axially symmetric deformed nuclei by assuming that all the nucleons are moving in the field of an anisotropic oscillator potential. On the other hand, the nuclear superfluidity model is designed for the calculations of the nuclear moments of inertia and the electric quadrupole moments of deformed nuclei which have no axes of symmetry by assuming that the nucleons are moving in a quadruple deformed potential. Furthermore, the cranked Nilsson model is designed for the calculations of the total nuclear energy and the quadrupole moments of deformed nuclei which have no axes of symmetry by modifying the Nilsson potential to include second and fourth order oscillations. Accordingly, to investigate whether the six p-shell isotopes 6Li, 7Li, 8Li, 9Li, 10Li, and 11Li have axes of symmetry or not, we applied the four mentioned models to each nucleus by calculating their moments of inertia, their magnetic dipole moments, and their electric quadrupole moments by varying the deformation parameter β and the non-axiality parameter γ in wide ranges of values for this reason. Hence for the assumption that these isotopes are deformed and have axes of symmetry, we applied the single-particle Schrödinger fluid model and the Nilsson model. On the other hand, for the assumption that these isotopes are deformed and have no axes of symmetry, we applied the cranked Nilsson model and the nuclear super fluidity model. As a result of our calculations, we can conclude that the nucleus 6Li may be assumed to be deformed and has an axis of symmetry.

基于LQ-moments的洪水频率分布参数计算方法研究

为改善频率曲线高尾部对实测洪水大值段的拟合效果,提高大重现期洪水设计值精度,研究LQmoments(LQM)法在洪水频率分布参数估计中的应用。LQM法是L-moments(LM)法的扩展方法,具有较好的不偏性和稳健性。以6个年最大洪峰流量系列为例,进行P-Ⅲ分布和GEV分布LQM法的参数估计,以累积相对偏差平方和(δ)、RMSE和平均绝对误差(MAE)为标准,评价和比较LQM法和LM法对P-Ⅲ和GEV分布参数的估计精度和拟合效果。结果表明,P-Ⅲ分布LQM法取得了很好的拟合效果,6个洪峰流量系列中,5个系列的最优参数估计方法为LQM法,其中3个系列的最优分布为P-Ⅲ分布;与LM法相比,LQM法能更好地拟合洪水序列大值部分,提高大重现期设计值估计精度,是洪水频率分布参数估计的有效方法。

APPLICATIONS OF HIGHER-ORDER UPWIND SCHEME FOR PROJECTILES IN TRANSONIC FLOW

针对弹丸跨音速粘性绕流流场进行了数值仿真研究，并与实验进行了对比。数值仿真的控制方程为雷诺平均的Navier-Stokes方程，湍流模型采用Baldwin-Lomax模型，应用了四阶的MUSCL TVD格式。结果表明，该方法可以取得高清晰度的流场结构。

Retrieving Microphysical Properties and Air Motion of Cirrus Clouds Based on the Doppler Moments Method Using Cloud Radar

Radar parameters including radar reflectivity, Doppler velocity, and Doppler spectrum width were obtained from Doppler spectrum moments. The Doppler spectrum moment is the convolution of both the particle spectrum and the mean air vertical motion. Unlike strong precipitation, the motion of particles in cirrus clouds is quite close to the air motion around them. In this study, a method of Doppler moments was developed and used to retrieve cirrus cloud microphysical properties such as the mean air vertical velocity, mass-weighted diameter, effective particle size, and ice content. Ice content values were retrieved using both the Doppler spectrum method and classic Z-IWC （radar reflectivity-ice water content） relationships; however, the former is a more reasonable method.

On the Spectral Moments of Wind Waves

In order to obtain high order spectral moments, the residual moment M(w(n))(i) = integral(0)(wn) w(i)S(w)dw, as proposed by Denis s, is presented for approximate estimation of spectral moment m(i) = integral(0)(infinity) w(i)S(w)dw. Glazman's partial averaging idea is discussed. It is pointed out that Glazman's method and definition of non-dimensional spectral moment can not be used to estimate spectral moments for engineering purposes and that method is not supported by theory and computation. The non-dimensional spectral moment of PM spectrum, which should be expressed as [GRAPHICS] is related to wind speed. The 0 - 8th moments of PM spectrum are estimated for wind speeds of 10, 20 and 30 m/s and some discussions are given.

Series expansion feasibility of singular integral in method of moments

When calculating electromagnetic scattering using method of moments （MoM）, integral of the singular term has a significant influence on the results. This paper transforms the singular surface integral to the contour integral. The integrand is expanded to Taylor series and the integral results in a closed form. The cut-off error is analyzed to show that the series converges fast and only about 2 terms can agree wel with the accurate result. The comparison of the perfect electric conductive （PEC） sphere＇s bi-static radar cross section （RCS） using MoM and the accurate method validates the feasibility in manipulating the singularity. The error due to the facet size and the cut-off terms of the series are analyzed in examples.

Application of higher-order KdV-mKdV model with higher-degree nonlinear terms to gravity waves in atmosphere

Higher-order Korteweg-de Vries （KdV）-modified KdV （mKdV） equations with a higher-degree of nonlinear terms are derived from a simple incompressible non-hydrostatic Boussinesq equation set in atmosphere and are used to investigate gravity waves in atmosphere. By taking advantage of the auxiliary nonlinear ordinary differential equation, periodic wave and solitary wave solutions of the fifth-order KdV-mKdV models with higher-degree nonlinear terms are obtained under some constraint conditions. The analysis shows that the propagation and the periodic structures of gravity waves depend on the properties of the slope of line of constant phase and atmospheric stability. The Jacobi elliptic function wave and solitary wave solutions with slowly varying amplitude are transformed into triangular waves with the abruptly varying amplitude and breaking gravity waves under the effect of atmospheric instability.

CALCULATING RESPONSE SPECTRAL MOMENTS BY COMPLEX MODAL ANALYSIS

Response spectral moments are useful for system reliability analysis.Usually,spectral mo- ments are calculated by the frequency domain method.Based on the time domain modal analysis of random vibrations,the authors present a new method for calculating response spectral moments through response correlation functions.The method can be applied to both classical and non-classical damping cases and to three kinds of random excitations,i.e.,white noise,band-limited white noise, and filtered white noise.

Fast Non-Local Means Algorithm Based on Krawtchouk Moments

Non-local means(NLM)method is a state-of-the-art denoising algorithm, which replaces each pixel with a weighted average of all the pixels in the image. However, the huge computational complexity makes it impractical for real applications. Thus, a fast non-local means algorithm based on Krawtchouk moments is proposed to improve the denoising performance and reduce the computing time. Krawtchouk moments of each image patch are calculated and used in the subsequent similarity measure in order to perform a weighted averaging. Instead of computing the Euclidean distance of two image patches, the similarity measure is obtained by low-order Krawtchouk moments, which can reduce a lot of computational complexity. Since Krawtchouk moments can extract local features and have a good antinoise ability, they can classify the useful information out of noise and provide an accurate similarity measure. Detailed experiments demonstrate that the proposed method outperforms the original NLM method and other moment-based methods according to a comprehensive consideration on subjective visual quality, method noise, peak signal to noise ratio(PSNR), structural similarity(SSIM) index and computing time. Most importantly, the proposed method is around 35 times faster than the original NLM method.

NONLINEAR STOCHASTIC HEAT EQUATION DRIVEN BY SPATIALLY COLORED NOISE:MOMENTS AND INTERMITTENCY

In this article, we study the nonlinear stochastic heat equation in the spatial domain R^d subject to a Gaussian noise which is white in time and colored in space. The spatial correlation can be any symmetric, nonnegative and nonnegative-definite function that satisfies Dalang's condition. We establish the existence and uniqueness of a random field solution starting from measure-valued initial data. We find the upper and lower bounds for the second moment. With these moment bounds, we first establish some necessary and sufficient conditions for the phase transition of the moment Lyapunov exponents, which extends the classical results from the stochastic heat equation on Z^d to that on R^d.Then, we prove a localization result for the intermittency fronts, which extends results by Conus and Khoshnevisan [9] from one space dimension to higher space dimension. The linear case has been recently proved by Huang et al [17] using different techniques.