<p>The probability difference (<b>a</b>) Δ<i>P</i>(<i>t</i>) and (<b>b</b>) Δ<i>P</i><sub>1</sub>(<i>t</i>) for five stock market indices. Different colors represent the regions of effective pairs of <i>T</i><sub>1</sub> and <i>T</i><sub>2</sub> for different indices. Specifically, navy stands for the Brazil Index, orange stands for the Shanghai Index, red stands for the Mexico Index, yellow stands for the Spanish Index and crimson stands for the S&P 500 Index. For clarity, we display only one color at the overlapping regions, given that these regions are small. Some scattered points are also omitted.</p
<p>All indices have been normalized by their mean. The indices of the U.S., U.K. and Germany (blue, ...
<p>(a) The distributions of <i>A</i><sub><i>s</i></sub> for the two parts of the FDE strategy, one f...
<p>Three indicated solid lines represent the estimated effective population sizes through time under...
<p>The probability difference Δ<i>P</i>(<i>t</i>) for (<b>a</b>) 200 individual stocks in the SSE an...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>The time period, effective pair of <i>T</i><sub>1</sub> and <i>T</i><sub>2</sub>, and maximum <i>...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>Shade of colours indicate increasing correlation between couple of layers, from light yellow to d...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
Grids with red colours were regions with high market values. Grids with orange colours were regions ...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>(a) The exchange rate time series and (b) the indicator time series. The pair of blue dashed vert...
Top panel: the time series plot of the MSCI World Index from January 2018 to June 2023 (showing the ...
<p>The results are averaged over individual stocks. For the NYSE, the time windows are <i>T</i><sub>...
<p>In A) different color lines represent the different likelihood-based algorithms tested for popula...
<p>All indices have been normalized by their mean. The indices of the U.S., U.K. and Germany (blue, ...
<p>(a) The distributions of <i>A</i><sub><i>s</i></sub> for the two parts of the FDE strategy, one f...
<p>Three indicated solid lines represent the estimated effective population sizes through time under...
<p>The probability difference Δ<i>P</i>(<i>t</i>) for (<b>a</b>) 200 individual stocks in the SSE an...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>The time period, effective pair of <i>T</i><sub>1</sub> and <i>T</i><sub>2</sub>, and maximum <i>...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>Shade of colours indicate increasing correlation between couple of layers, from light yellow to d...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
Grids with red colours were regions with high market values. Grids with orange colours were regions ...
<p>From top to bottom, we report the index time series, the corresponding returns time series, the v...
<p>(a) The exchange rate time series and (b) the indicator time series. The pair of blue dashed vert...
Top panel: the time series plot of the MSCI World Index from January 2018 to June 2023 (showing the ...
<p>The results are averaged over individual stocks. For the NYSE, the time windows are <i>T</i><sub>...
<p>In A) different color lines represent the different likelihood-based algorithms tested for popula...
<p>All indices have been normalized by their mean. The indices of the U.S., U.K. and Germany (blue, ...
<p>(a) The distributions of <i>A</i><sub><i>s</i></sub> for the two parts of the FDE strategy, one f...
<p>Three indicated solid lines represent the estimated effective population sizes through time under...