M q ðxÞ 1⁄4 x T q ðxÞ x T q ðxÞ: (5) Since Jþi is a leading-twist operator, it is clear that such a simple partonic interpretation should exist. However, Ji, Xiong, and Yuan misleadingly interpret Jþi as the transverse angular momentum operator. Indeed, in light-front quantization, the role of time is taken by xþ, so that Jþi is the light-front transverse boost operator. In terms of the more co...

a classical theory is developed which calculates the momentum transfer rate constant between an ion and a non-polar molecule. the model takes into consideration the effect of diffraction outside the capture limit on the rate constants. the theory is used to calculate momentum transfer rate constant for cl- with trans-dichloroethylene and para-difluorobenzene. theoretical results are compared to...

A recent strategy carried out by the aircraft industry to reduce the total cost of the new generation fighters has consisted in the development of a single airframe with different technical and operational specifications. This strategy has been designed to reduce costs in the Research, Design and Development phase with the ultimate objective of reducing the final unit price per aircraft. This i...

In estimating the cost-effectiveness of diagnostic procedures, it is helpful to treat diagnostic information as a commodity with a unit price. The amount of useful information provided by a test result can be measured in binary units (bits), and the unit price of the information produced by the test result can be expressed in dollars per bit in much the same way that the price of gold is given ...

Abstract In this paper, we describe how agency frictions in asset management can generate prime violations of the Efficient Markets Hypothesis, such as momentum, value and an inverted risk-return relationship. Momentum our theory is associated with procyclical fund flows price over-reaction, more pronounced for overvalued assets. The investors who momentum are losing from it those requiring the...

Stock prices are well known to exhibit behaviors that difficult model mathematically. Individual stocks observed short term price reversals and long momentum, while their industries only momentum. Here we show individual can be modeled by simple mean reverting processes in such a way these captured, the is arbitrage free, market informational efficiency preserved. Simulation shows market, when ...

Our study examines whether price momentum strategy (cross section momentum effect on longshort portfolios) can be profitable on Russian stock market. We testing the statistical significance of zero cost portfolio excess returns. Our sample covers the period from 2004 to 2013 capturing different states of Russian economy. We implement relative strength strategy with 10% quantile to construct equ...

Abstract A well-documented finding is that explicitly using jumps cannot efficiently enhance the predictability of crude oil price volatility. To address this issue, we find a phenomenon, “momentum jumps” (MoJ), predictive ability jump component persistent when forecasting futures market Specifically, propose strategy allows model to switch between benchmark without and an alternative with acco...

Real GDP growth is projected at 1.8% in 2023 and 0.9% 2024. The new economic policy package will support domestic demand, partly offsetting subdued household confidence real income. Loss of momentum trading partner economies moderate exports. After peaking the course 2022, headline consumer price inflation fall back late as energy prices stabilise, but then gradually increase again towards 2% 2...

This paper investigates the stock characteristic preferences of active Australian equity managers. We examine the following characteristics: stock price variance, momentum, size, transaction costs, earnings yield, analyst coverage and the standard deviation of analyst forecasts. In aggregate we find that active managers exhibit preferences for stocks exhibiting high price variance, large market...