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Optimal Dynamic Portfolio Risk Management
2016
Numerous econometric studies report that financial asset volatilities and correlations are time-varying and predictable. Over the past decade, this knowledge has stimulated increasing interest in various dynamic portfolio risk control techniques. The two basic types of risk control techniques are: risk control across assets and risk control over time. At present, the two types of risk control techniques are not implemented simultaneously. There has been surprisingly little theoretical study of optimal dynamic portfolio risk management. In this paper, the author fills this gap in the literature by formulating and solving the multi-period portfolio choice problem. In terms of dynamic portfoli…
Effect of AlR3 (R = Me, Et, iBu) addition on the composition and microstructure of ethylene/1-olefin copolymers made with post-metallocene complexes …
2018
The effect of trialkylaluminum compound (AlR3, where R = Me, Et, iBu) addition on the performance of the [LigZrCl]2(μ-O)/AliBu3/Ph3CB(C6F5)4 and LigTiCl2/AliBu3/Ph3CB(C6F5)4 (Lig = Me2N(CH2)2N(CH2-2-O-3,5-tBu2-C6H2)2) catalysts in ethylene/1-olefin copolymerization was investigated. The presence of AlMe3 in the feed during the copolymerization process catalyzed by the diamine-bis(phenolate) zirconium catalyst greatly increases the amount of incorporated comonomer and leads to microstructural changes, e.g., the formation of blocky and alternating sequences of 1-olefin units. Moreover, the use of AlMe3 limits the reaction yield and decreases the molecular weight of the produced copolymers. Th…
Cosmic-Ray Anisotropies in Right Ascension Measured by the Pierre Auger Observatory
2020
We present measurements of the large-scale cosmic-ray anisotropies in right ascension, using data collected by the surface detector array of the Pierre Auger Observatory over more than 14 years. We determine the equatorial dipole component, ~d⊥, through a Fourier analysis in right ascension that includes weights for each event so as to account for the main detector-induced systematic effects. For the energies at which the trigger efficiency of the array is small, the “East-West” method is employed. Besides using the data from the array with detectors separated by 1500 m, we also include data from the smaller but denser sub-array of detectors with 750 m separation, which allows us to extend …
Diving below the spin-down limit: Constraints on gravitational waves from the energetic young pulsar PSR J0537-6910
2021
We present a search for continuous gravitational-wave signals from the young, energetic X-ray pulsar PSR J0537-6910 using data from the second and third observing runs of LIGO and Virgo. The search is enabled by a contemporaneous timing ephemeris obtained using NICER data. The NICER ephemeris has also been extended through 2020 October and includes three new glitches. PSR J0537-6910 has the largest spin-down luminosity of any pulsar and is highly active with regards to glitches. Analyses of its long-term and inter-glitch braking indices provided intriguing evidence that its spin-down energy budget may include gravitational-wave emission from a time-varying mass quadrupole moment. Its 62 Hz …
A Search for Ultra-high-energy Neutrinos from TXS 0506+056 Using the Pierre Auger Observatory
2020
Results of a search for ultra-high-energy neutrinos with the Pierre Auger Observatory from the direction of the blazar TXS 0506+056 are presented. They were obtained as part of the follow-up that stemmed from the detection of high-energy neutrinos and gamma rays with IceCube, Fermi-LAT, MAGIC, and other detectors of electromagnetic radiation in several bands. The Pierre Auger Observatory is sensitive to neutrinos in the energy range from 100 PeV to 100 EeV and in the zenith-angle range from θ = 60° to θ = 95°, where the zenith angle is measured from the vertical direction. No neutrinos from the direction of TXS 0506+056 have been found. The results were analyzed in three periods: One of 6 m…
Gravitational-wave Detection and Parameter Estimation for Accreting Black-hole Binaries and Their Electromagnetic Counterpart
2020
We study the impact of gas accretion on the orbital evolution of black-hole binaries initially at large separation in the band of the planned Laser Interferometer Space Antenna (LISA). We focus on two sources: (i)~stellar-origin black-hole binaries~(SOBHBs) that can migrate from the LISA band to the band of ground-based gravitational-wave observatories within weeks/months; and (ii) intermediate-mass black-hole binaries~(IMBHBs) in the LISA band only. Because of the large number of observable gravitational-wave cycles, the phase evolution of these systems needs to be modeled to great accuracy to avoid biasing the estimation of the source parameters. Accretion affects the gravitational-wave p…
X-ray emission from young brown dwarfs in the Orion Nebula Cluster
2005
We use the sensitive X-ray data from the Chandra Orion Ultradeep Project (COUP) to study the X-ray properties of 34 spectroscopically-identified brown dwarfs with near-infrared spectral types between M6 and M9 in the core of the Orion Nebula Cluster. Nine of the 34 objects are clearly detected as X-ray sources. The apparently low detection rate is in many cases related to the substantial extinction of these brown dwarfs; considering only the BDs with $A_V \leq 5$ mag, nearly half of the objects (7 out of 16) are detected in X-rays. Our 10-day long X-ray lightcurves of these objects exhibit strong variability, including numerous flares. While one of the objects was only detected during a sho…
A coronal explosion on the flare star CN Leonis
2008
We present simultaneous high-temporal and high-spectral resolution observations at optical and soft X-ray wavelengths of the nearby flare star CN Leo. During our observing campaign a major flare occurred, raising the star's instantaneous energy output by almost three orders of magnitude. The flare shows the often observed impulsive behavior, with a rapid rise and slow decay in the optical and a broad soft X-ray maximum about 200 seconds after the optical flare peak. However, in addition to this usually encountered flare phenomenology we find an extremely short (~2 sec) soft X-ray peak, which is very likely of thermal, rather than non-thermal nature and temporally coincides with the optical …
Very Deep inside the SN 1987A Core Ejecta: Molecular Structures Seen in 3D
2017
Most massive stars end their lives in core-collapse supernova explosions and enrich the interstellar medium with explosively nucleosynthesized elements. Following core collapse, the explosion is subject to instabilities as the shock propagates outwards through the progenitor star. Observations of the composition and structure of the innermost regions of a core-collapse supernova provide a direct probe of the instabilities and nucleosynthetic products. SN 1987A in the Large Magellanic Cloud (LMC) is one of very few supernovae for which the inner ejecta can be spatially resolved but are not yet strongly affected by interaction with the surroundings. Our observations of SN 1987A with the Ataca…
High Resolution X-ray Spectroscopy of T Tauri Stars in the Taurus-Auriga Complex
2006
Differences have been reported between the X-ray emission of accreting and non-accreting stars. Some observations have suggested that accretion shocks could be responsible for part of the X-ray emission in Classical T Tauri stars (CTTS). We present high-resolution X-ray spectroscopy of nine pre-main sequence stars in order to test the proposed spectroscopic differences between accreting and non-accreting pre-main sequence stars. We use X-ray spectroscopy from the XMM-Newton Reflection Grating Spectrometers and the EPIC instruments. We interpret the spectra using optically thin thermal models with variable abundances, together with an absorption column density. For BP Tau and AB Aur we deriv…