Identifying jumps in financial assets: A comparison between nonparametric jump tests

AM Dumitru, G Urga - Journal of Business & Economic Statistics, 2012‏ - Taylor & Francis
We perform a comprehensive Monte Carlo comparison between nine alternative procedures
available in the literature to detect jumps in financial assets using high-frequency data. We …

Cojumps in stock prices: Empirical evidence

D Gilder, MB Shackleton, SJ Taylor - Journal of Banking & Finance, 2014‏ - Elsevier
We examine contemporaneous jumps (cojumps) among individual stocks and a proxy for
the market portfolio. We show, through a Monte Carlo study, that using intraday jump tests …

The dynamics of price jumps in the stock market: an empirical study on Europe and US

F Ferriani, P Zoi - The European Journal of Finance, 2022‏ - Taylor & Francis
We study the bivariate jump process involving the S&P 500 and the Euro Stoxx 50, with
jumps extracted from high-frequency data. In our analysis, based on Hawkes processes, we …

How has sovereign bond market liquidity changed?-an illiquidity spillover analysis

M Schneider, F Lillo, L Pelizzon - 2016‏ - papers.ssrn.com
Amid increasing regulation, structural changes of the market and Quantitative Easing as well
as extremely low yields, concerns about the market liquidity of the Eurozone sovereign debt …

Heterogeneous liquidity providers during price jumps

S Fung, K Obaid, SC Tsai - Available at SSRN, 2024‏ - papers.ssrn.com
Using audit trail data from the Taiwan Stock Exchange, we compare how institutions and
individuals offer liquidity during price jumps. Consistent with risk-return trade-off models, we …

[PDF][PDF] Spurious Jump Detection and Intraday Changes in Volatility

M Rognlie - 2009‏ - econ.duke.edu
We investigate the properties of several nonparametric tests for jumps in financial markets.
We derive a theoretical property of these tests not observed in any of the previous literature …

Identifying jumps in financial time series: a comparative study of jump detection tests

K Eisenstein - 2022‏ - open.uct.ac.za
There is consensus in the financial literature that traded asset prices may be subject to rare,
but sudden movements, resulting in asset price discontinuities, known as jumps. It is …

Information acquisition and processing skills of institutions and retail investors around information shocks

K Obaid, S Fung, SC Tsai - Available at SSRN 4135931, 2023‏ - papers.ssrn.com
Using audit trail data from the Taiwan Stock Exchange, this paper compares the trading skill
of institutions and individuals around information shocks. We find suggestive evidence that …

Identifying jumps in financial assets: a comparison between nonparametric jump tests [extended version]

AMH Dumitru, G Urga - Journal of Business and Economic …, 2011‏ - papers.ssrn.com
We perform a comprehensive Monte Carlo comparison between nine procedures available
in the literature to detect jumps in financial assets proposed by Barndorff-Nielsen and …

[PDF][PDF] Simultaneous occurrence of price jumps and changes in diffusive price volatility

S Wei - Duke university economics honor thesis, Duke …, 2012‏ - dukespace.lib.duke.edu
This paper uses high frequency financial data to study the changes in diffusive stock price
volatility when price jumps are likely to have occurred. In particular, we study this effect on …