Asymmetric conditional volatility in international stock markets

Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock returns are asymmetric functions of past information. We compare the results for the Portuguese Stock Market Index PSI 20 with six other Stock Market Indices, namely the SP 500, FTSE 100, DAX 30, CAC 40, ASE 20, and IBEX 35. In order to assess asymmetric volatility we use autoregressive conditional heteroskedasticity specifications known as TARCH and EGARCH. We also test for asymmetry after controlling for the effect of macroeconomic factors on stock market returns using TAR and M-TAR specifications within a VAR framework. Our results show that the conditional variance is an asymmetric function of past innovations raising proportionately more during market declines, a phenomenon known as the leverage effect. However, when we control for the effect of changes in macroeconomic variables, we find no significant evidence of asymmetric behaviour of the stock market returns. There are some signs that the Portuguese Stock Market tends to show somewhat less market efficiency than other markets since the effect of the shocks appear to take a longer time to dissipate.     

An Insight into Kiwiberry Leaf Valorization: Phenolic Composition,Bioactivity and Health Benefits

During kiwiberry production, different by-products are generated, including leaves that are removed to increase the fruit’s solar exposure. The aim of this work was to extract bioactive compounds from kiwiberry leaf by employing microwave-assisted extraction (MAE). Compatible food solvents (water and ethanol) were employed. The alcoholic extract contained the highest phenolic and flavonoid contents (629.48 mg of gallic acid equivalents (GAE) per gram of plant material on dry weight (dw) (GAE/g dw) and 136.81 mg of catechin equivalents per gram of plant material on dw (CAE/g dw), respectively). Oppositely, the hydroalcoholic extract achieved the highest antioxidant activity and scavenging activity against reactive oxygen and nitrogen species (IC₅₀ = 29.10 μg/mL for O₂^•−, IC₅₀ = 1.87 μg/mL for HOCl and IC₅₀ = 1.18 μg/mL for ^•NO). The phenolic profile showed the presence of caffeoylquinic acids, proanthocyanidin, and quercetin in all samples. However, caffeoylquinic acids and quercetin were detected in higher amounts in the alcoholic extract, while proanthocyanidins were prevalent in the hydroalcoholic extract. No adverse effects were observed on Caco-2 viability, while the highest concentration (1000 µg/mL) of hydroalcoholic and alcoholic extracts conducted to a decrease of HT29-MTX viability. These results highlight the MAE potentialities to extract bioactive compounds from kiwiberry leaf.     

The nu(CO) vibrational spectra of planar transition metal carbonyl clusters

The nu(CO) vibrational spectra of planar transition cluster carbonyls containing M(CO)(4) groups are studied. It is possible to anticipate qualitatively, both for the infrared and Raman, the band intensity changes associated with increasing metallic nature of the cluster. These enable a unification of the band patterns shown by the species reported. As for (idealized) spherical clusters, the spherical harmonic model (SHM), suitably modified, becomes of more general applicability as cluster size increases, although for smaller species the tensor harmonic model (THM) makes a contribution.     

Linear stability analysis of the natural convection in inclined rotating parallel plates

The linear stability analysis of the natural convection in a rectangular tilted infinite cavity filled with a Boussinesq fluid subject to Coriolis force is presented. The bottom and top surfaces have fixed temperatures. Both unstable and stable thermal conditions are studied (heated from below and heated from above respectively). The rotation axis passes through the center and it is orthogonal to the hot and cold surfaces. The stability equations were solved using the Tau–Chebyshev spectral method. The critical Rayleigh number and critical wave number were obtained for several rotation rates and different orientation of convective oblique rolls in a range of inclination of the cavity from 0 to 120 degrees. The stability analysis show that rotation rate affects the basic velocity profile, onset of convection, wave number and critical orientation of convective rolls.     

Asymptotic conditional distribution of exceedance counts: fragility index with different margins

We consider a random vector X, whose components are neither necessarily independent nor identically distributed. The fragility index (FI), if it exists, is defined as the limit of the expected number of exceedances among the components of X above a high threshold, given that there is at least one exceedance. It measures the asymptotic stability of the system of components. The system is called stable if the FI is one and fragile otherwise. In this paper, we show that the asymptotic conditional distribution of exceedance counts exists, if the copula of X is in the domain of attraction of a multivariate extreme value distribution, and if the marginal distribution functions satisfy an appropriate tail condition. This enables the computation of the FI corresponding to X and of the extended FI as well as of the asymptotic distribution of the exceedance cluster length also in that case, where the components of X are not identically distributed.     

Synthesis,Characterization, and Optimization Studies of Starch/Chicken Gelatin Composites for Food-Packaging Applications

The indiscriminate use of plastic in food packaging contributes significantly to environmental pollution, promoting the search for more eco-friendly alternatives for the food industry. This work studied five formulations (T1–T5) of biodegradable cassava starch/gelatin films. The results showed the presence of the starch/gelatin functional groups by FT-IR spectroscopy. Differential scanning calorimetry (DSC) showed a thermal reinforcement after increasing the amount of gelatin in the formulations, which increased the crystallization temperature (Tc) from 190 °C for the starch-only film (T1) to 206 °C for the film with 50/50 starch/gelatin (T3). It also exhibited a homogeneous surface morphology, as evidenced by scanning electron microscopy (SEM). However, an excess of gelatin showed low compatibility with starch in the 25/75 starch/gelatin film (T4), evidenced by the low Tc definition and very rough and fractured surface morphology. Increasing gelatin ratio also significantly increased the strain (from 2.9 ± 0.5% for T1 to 285.1 ± 10.0% for T5) while decreasing the tensile strength (from 14.6 ± 0.5 MPa for T1 to 1.5 ± 0.3 MPa for T5). Water vapor permeability (WVP) increased, and water solubility (WS) also decreased with gelatin mass rising in the composites. On the other hand, opacity did not vary significantly due to the films’ cassava starch and gelatin ratio. Finally, optimizing the mechanical and water barrier properties resulted in a mass ratio of 53/47 cassava starch/gelatin as the most appropriate for their application in food packaging, indicating their usefulness in the food-packaging industry.     

Planar Chromatographic and Electrophoretic Study of Thermally Induced Conformational Modifications of Protein Structure

JPC – Journal of Planar Chromatography – Modern TLC -     

Stability of Gorenstein categories

We show that an iteration of the procedure used to define theGorenstein projective modules over a commutative ring R yieldsexactly the Gorenstein projective modules. Specifically, givenan exact sequence of Gorenstein projective R-modules

such that the complexes Hom_R(G, H) and Hom_R(H,G) are exact for each Gorenstein projective R-module H, themodule Coker() is Gorensteinprojective. The proof of this result hinges upon our analysisof Gorenstein subcategories of abelian categories.     

Developing CRISPR/Cas9-Mediated Fluorescent Reporter Human Pluripotent Stem-Cell Lines for High-Content Screening

Application of the CRISPR/Cas9 system to knock in fluorescent proteins to endogenous genes of interest in human pluripotent stem cells (hPSCs) has the potential to facilitate hPSC-based disease modeling, drug screening, and optimization of transplantation therapy. To evaluate the capability of fluorescent reporter hPSC lines for high-content screening approaches, we targeted EGFP to the endogenous OCT4 locus. Resulting hPSC–OCT4–EGFP lines generated expressed EGFP coincident with pluripotency markers and could be adapted to multi-well formats for high-content screening (HCS) campaigns. However, after long-term culture, hPSCs transiently lost their EGFP expression. Alternatively, through EGFP knock-in to the AAVS1 locus, we established a stable and consistent EGFP-expressing hPSC–AAVS1–EGFP line that maintained EGFP expression during in vitro hematopoietic and neural differentiation. Thus, hPSC–AAVS1–EGFP-derived sensory neurons could be adapted to a high-content screening platform that can be applied to high-throughput small-molecule screening and drug discovery campaigns. Our observations are consistent with recent findings indicating that high-frequency on-target complexities appear following CRISPR/Cas9 genome editing at the OCT4 locus. In contrast, we demonstrate that the AAVS1 locus is a safe genomic location in hPSCs with high gene expression that does not impact hPSC quality and differentiation. Our findings suggest that the CRISPR/Cas9-integrated AAVS1 system should be applied for generating stable reporter hPSC lines for long-term HCS approaches, and they underscore the importance of careful evaluation and selection of the applied reporter cell lines for HCS purposes.