Search results for "technical analysis"

A comparative analysis between helicopter and seaplane for passenger transport.

2016

Purpose This study aims to develop a methodology to compare the feasibility of helicopter and seaplane regular transport of passengers towards destinations across a remote regional tourist context, where a lack of road and rail infrastructure make these alternative forms of air transport competitive. Design/methodology/approach The authors use a modal split model identifying the quota of passengers that potentially could utilize these two types of services, determined on the basis of previous studies on air transport demand. A technical analysis regarding transport supply is performed to identify the predominant features that should characterize helicopter/seaplane performances. An optimiza…

Observed versus simulated mountain waves over Scandinavia – improvement of vertical winds, energy and momentum fluxes by enhanced model resolut…

2017

Abstract. Two mountain wave events, which occurred over northern Scandinavia in December 2013 are analysed by means of airborne observations and global and mesoscale numerical simulations with horizontal mesh sizes of 16, 7.2, 2.4 and 0.8 km. During both events westerly cross-mountain flow induced upward-propagating mountain waves with different wave characteristics due to differing atmospheric background conditions. While wave breaking occurred at altitudes between 25 and 30 km during the first event due to weak stratospheric winds, waves propagated to altitudes above 30 km and interfacial waves formed in the troposphere at a stratospheric intrusion layer during the second event. Global an…

High-resolution hard-x-ray photoelectron diffraction in a momentum microscope—the model case of graphite

2019

New journal of physics 21(11), 113031 - (2019). doi:10.1088/1367-2630/ab51fe

Revisiting the Profitability of Market Timing with Moving Averages

2016

In a recent empirical study by Glabadanidis ("Market Timing With Moving Averages" (2015), International Review of Finance, Volume 15, Number 13, Pages 387-425; the paper is also available on the SSRN and has been downloaded more than 7,500 times) the author reports striking evidence of extraordinary good performance of the moving average trading strategy. In this paper we demonstrate that "too good to be true" reported performance of the moving average strategy is due to simulating the trading with look-ahead bias. We perform the simulations without look-ahead bias and report the true performance of the moving average strategy. We find that at best the performance of the moving average stra…

GREENHOUSE EFFECT REDUCTION THROUGH MINE METHANE VALORIZATION: OVERVIEW AND FEASIBILITY STUDY

2017

Although the main reason for the extraction of methane from coal beds continues to address ensuring the safety of workers, an important driver is the need to reduce emissions of greenhouse gases. In order to identify potential technical problems specific for available technologies implementation, we performed a comparative critical analysis, based on which the technically feasible systems resulted, their further selection being based on detailed analysis in financial and investment terms. The research goal was to establish options for using methane gas discharged through central degassing and main ventilation stations currently operational mines in the Jiu Valley collieries; through its lev…

Testing Profitability of Technical Trading Rules

2017

Technical traders typically rely on back-testing which is defined as the process of testing a trading strategy using relevant historical data. Back-testing usually involves “data mining” which denotes the practice of finding a profitable trading strategy by extensive search through a vast number of alternative strategies. This chapter explains that the data-mining procedure tends to find a strategy which performance benefited most from luck. As a result, the performance of the best strategy in a back test is upward biased. This fact motivates that any back-test must be combined with a data-mining correction procedure that adjusts downward the estimated performance. Another straightforward m…

A Comprehensive Look at the Real-Life Performance of Moving Average Trading Strategies

2015

Despite the enormous current interest in market timing and a series of publications in academic journals, there is still lack of comprehensive research on the evaluation of the profitability of trading rules using methods that are free from the data-snooping bias. In this paper we utilize the longest historical dataset that spans 155 years and extend previous studies on the performance of moving average trading rules in a number of important ways. Among other things, we investigate whether overweighting the recent prices improves the performance of timing rules; whether there is a single optimal lookback period in each trading rule; and how accurately the trading rules identify the bullish …

A Lost Momentum of Parliamentary Democracy?

2010

The real-life performance of market timing with moving average and time-series momentum rules

2014

In this article, we revisit the myths regarding the superior performance of market timing strategies based on moving average and time-series momentum rules. These active timing strategies are very appealing to investors because of their extraordinary simplicity and because they promise substantial advantages over their passive counterparts. However, the ‘too good to be true’ reported performance of these market timing rules raises a legitimate concern as to whether this performance is realistic and whether investors can expect that future performance will be the same as the documented historical performance. We argue that the reported performance of market timing strategies usually contains…

Thickness-dependent electron momentum relaxation times in iron films

2020

Terahertz time-domain conductivity measurements in 2 to 100 nm thick iron films resolve the femtosecond time delay between applied electric fields and resulting currents. This current response time decreases from 29 fs for thickest films to 7 fs for the thinnest films. The macroscopic response time is not strictly proportional to the conductivity. This excludes the existence of a single relaxation time universal for all conduction electrons. We must assume a distribution of microscopic momentum relaxation times. The macroscopic response time depends on average and variation of this distribution; the observed deviation between response time and conductivity scaling corresponds to the scaling…