Conditional VaR estimation using Pearson’s type IV distribution

This paper presents a new value at risk (VaR) estimation model for equity returns time series and tests it extensively on Stock Indices of 14 countries. Two most important stylized facts of such series are volatility clustering, and non-normality as a result of fat tails of the return distribution. While volatility clustering has been extensively studied using the GARCH model and its various extensions, the phenomenon of non-normality has not been comprehensively explored, at least in the context of VaR estimation. A combination of extreme value theory (EVT) and GARCH has been explored to analyze financial data showing non-normal behavior. This paper proposes a combination of the Pearson’s Type IV distribution and the GARCH (1, 1) approach to furnish a new method with superior predictive abilities. The approach is back tested for the entire sample as well as for a holdout sample using rolling windows.     

Photoredox-Catalyzed Labeling of Hydroxyindoles with Chemoselectivity (PhotoCLIC) for Site-Specific Protein Bioconjugation

We have developed a novel visible-light-catalyzed bioconjugation reaction, PhotoCLIC, that enables chemoselective attachment of diverse aromatic amine reagents onto a site-specifically installed 5-hydroxytryptophan residue (5HTP) on full-length proteins of varied complexity. The reaction uses catalytic amounts of methylene blue and blue/red light-emitting diodes (455/650 nm) for rapid site-specific protein bioconjugation. Characterization of the PhotoCLIC product reveals a unique structure formed likely through a singlet oxygen-dependent modification of 5HTP. PhotoCLIC has a wide substrate scope and its compatibility with strain-promoted azide-alkyne click reaction, enables site-specific dual-labeling of a target protein.     

Metal-thiolate bonds in bioinorganic chemistry

Metal-thiolate active sites play major roles in bioinorganic chemistry. The M--S(thiolate) bonds can be very covalent, and involve different orbital interactions. Spectroscopic features of these active sites (intense, low-energy charge transfer transitions) reflect the high covalency of the M--S(thiolate) bonds. The energy of the metal-thiolate bond is fairly insensitive to its ionic/covalent and pi/sigma nature as increasing M--S covalency reduces the charge distribution, hence the ionic term, and these contributions can compensate. Thus, trends observed in stability constants (i.e., the Irving-Williams series) mostly reflect the dominantly ionic contribution to bonding of the innocent ligand being replaced by the thiolate. Due to high effective nuclear charges of the Cu(II) and Fe(III) ions, the cupric- and ferric-thiolate bonds are very covalent, with the former having strong pi and the latter having more sigma character. For the blue copper site, the high pi covalency couples the metal ion into the protein for rapid directional long range electron transfer. For rubredoxins, because the redox active molecular orbital is pi in nature, electron transfer tends to be more localized in the vicinity of the active site. Although the energy of hydrogen bonding of the protein environment to the thiolate ligands tends to be fairly small, H-bonding can significantly affect the covalency of the metal-thiolate bond and contribute to redox tuning by the protein environment.     

Influence of chemical composition and sequence length on the transport properties of proton exchange membranes

One of the integral parts of the fuel cell is the proton exchange membrane. Our research group has been engaged in the past few years in the synthesis of several sulfonated poly(arylene ether) random copolymers. The copolymers were varied in both the bisphenol structure as well as in the functional groups in the backbone such as sulfone and ketones. To compare the effect of sequence length, multiblock copolymers based on poly(arylene ether sulfone)s were synthesized. This paper aims to describe our investigation of the effect of chemical composition, morphology, and ion exchange capacity (IEC) on the transport properties of proton conducting membranes. The key properties examined were proton conductivity, methanol permeability, and water self diffusion coefficient in the membranes. It was observed that under fully hydrated conditions, proton conductivity for both random and block copolymers was a function of IEC and water uptake. However, under partially hydrated conditions, the block copolymers showed improved proton conductivity over the random copolymers. The proton conductivity for the block copolymer series was found to increase with increasing block lengths under partially hydrated conditions. © 2006 Wiley Periodicals, Inc. J Polym Sci Part B: Polym Phys 44: 2226–2239, 2006     

New poly(p‐phenylene vinylene) derivatives with two oxadiazole rings per repeat unit: Synthesis,photophysical properties,electroluminescence, and metal ion recognition

Two new poly(p‐phenylene vinylene) derivatives OX1‐PPV and OX2‐PPV bearing two 1,3,4‐oxadiazole rings per repeat unit and a fully conjugated backbone with solubilizing dodecyloxy side groups were synthesized and investigated. The amorphous conjugated polymers had glass‐transition temperature values of 60–75 °C and emitted intense blue or greenish‐blue light in solution with photoluminescence (PL) emission maxima at 379–492 nm and PL quantum yields of 0.41–0.52. In the solid state they emitted yellowish‐green light with PL emission maxima at 533–555 nm. Cyclic voltammetry showed that both conjugated polymers had reversible reduction and irreversible oxidation, making them n‐type materials. The electron affinity of OX2‐PPV was estimated as 2.85 eV whereas that of OX1‐PPV was 2.75 eV. Yellow electroluminescence (EL) was achieved from single‐layer light‐emitting diodes of OX2‐PPV with an EL emission maximum at 555 nm and a brightness of 70 cd/m². Polymer OX2‐PPV, which was functionalized with 2,6‐bis(1,3,4‐oxadiazole‐2‐yl)pyridine, demonstrated sensitivity to various metal ions as a fluorescence‐mode chemosensor. © 2004 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 42: 2112–2123, 2004     

Multiblock copolymers of poly(2,5‐benzophenone) and disulfonated poly(arylene ether sulfone) for proton‐exchange membranes. I. Synthesis and characterization

Nanophase‐separated, hydrophilic–hydrophobic multiblock copolymers are promising proton‐exchange‐membrane materials because of their ability to form various morphological structures that enhance transport. A series of poly(2,5‐benzophenone)‐activated, telechelic aryl fluoride oligomers with different block molecular weights were successfully synthesized by the Ni(0)‐catalyzed coupling of 2,5‐dichlorobenzophenone and the end‐capping agent 4‐chloro‐4′‐fluorobenzophenone. These telechelic oligomers (hydrophobic) were then copolymerized with phenoxide‐terminated, disulfonated poly(arylene ether sulfone)s (hydrophilic) by nucleophilic, aromatic substitution to form hydrophilic–hydrophobic multiblock copolymers. High‐molecular‐weight multiblock copolymers with number‐average block lengths ranging from 3000 to 10,000 g/mol were successfully synthesized. Two separate glass‐transition temperatures were observed via differential scanning calorimetry in the transparent multiblock copolymer films when each block length was longer than 6000 g/mol. Tapping‐mode atomic force microscopy also showed clear nanophase separation between the hydrophilic and hydrophobic domains and the influence of the block length as it increased from 6000 to 10,000 g/mol. Transparent and creasable films were solvent‐cast and exhibited moderate proton conductivity and low water uptake. These copolymers are promising candidates for high‐temperature proton‐exchange membranes in fuel cells, which will be reported separately in part II of this series. © 2006 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 45: 284–294, 2007     

Noble metals in polyoxometalate chemistry: palladium-containing derivatives of the monolacunary Keggin and Wells-Dawson tungstophosphates

We have prepared the three novel Pd(II)-containing tungstophosphates [Pd(2)(α-PW(11)O(39)H(0.5))(2)](9-) and two structural isomers of [Pd(2)(α(2)-P(2)W(17)O(61)H(n))(2)]((16-2n)-) via simple synthetic procedures and characterized their potassium salts by single-crystal X-ray diffraction, elemental analysis, and IR and multinuclear ((31)P and (183)W) NMR spectroscopy. This study sheds light on the long-standing question about the nature and structure of the actual products formed in the reaction of Pd(II) ions with monolacunary Keggin-type [α-XW(11)O(39)](n-) and Wells-Dawson-type [α(2)-P(2)W(17)O(61)](10-) heteropolytungstates.