Determinantes de momentum en acciones del mercado integrado de Latinoamérica

Se denomina momentum a la tendencia de ciertos activos financieros a generar retornos que están relacionados positivamente con los retornos que han obtenido en el pasado reciente. En principio, se distinguen dos tipos de momentum. El primer tipo, a nivel de sección cruzada, se observa en grupos de activos financieros cuando aquellos instrumentos que han tenido un rendimiento relativamente superior o inferior en el pasado, mantienen el mismo desempeño relativo a futuro. El segundo tipo, a nivel de serie de tiempo, se observa cuando el desempeño de un activo en particular tiene un fuerte componente autorregresivo positivo. Esta investigación se enfoca principalmente en el momentum de sección cruzada. Como se detallará más adelante, el momentum ha sido documentado en muchos mercados, pero no existe un consenso sobre las causas que lo motivan. Los objetivos de esta investigación son, primero, identificar si existe momentum en los mercados de acciones de Chile, Colombia, México y Perú. Segundo, contribuir a la literatura internacional tratando de analizar cuáles son las causas del momentum. Los resultados de esta investigación confirman que existe momentum en los mercados de acciones analizados y bridan apoyo parcial a las teorías, basadas en finanzas conductuales (behavioral finance) que se han postulado para explicar el momentum.

The tetrahexahedric angular Calogero model

The spherical reduction of the rational Calogero model (of type A n−1 and after removing the center of mass) is considered as a maximally superintegrable quantum system, which describes a particle on the (n−2)-sphere subject to a very particular potential. We present a detailed analysis of the simplest non-separable case, n=4, whose potential is singular at the edges of a spherical tetrahexahedron. A complete set of independent conserved charges and of Hamiltonian intertwiners is constructed, and their algebra is elucidated. They arise from the ring of polynomials in Dunkl-deformed angular momenta, by classifying the subspaces invariant and antiinvariant under all Weyl reflections, respectively.

Measurement of target single-spin asymmetry in charged kaon electroproduction on a transversely polarized 3He target

The subject of quark transverse spin and transverse momentum distribution are two current research frontier in understanding the spin structure of the nucleons. The goal of the research reported in this dissertation is to extract new information on the quark transversity distribution and the novel transverse-momentum-dependent Sivers function in the neutron. A semi-inclusive deep inelastic scattering experiment was performed at the Hall A of the Jefferson laboratory using 5.9 GeV electron beam and a transversely polarized ^{3}He target. The scattered electrons and the produced hadrons (pions, kaons, and protons) were detected in coincidence with two large magnetic spectrometers. By regularly flipping the spin direction of the transversely polarized target, the single-spin-asymmetry (SSA) of the semi-inclusive deep inelastic reaction ^{3}He^{uparrow}(e,e'h^{\pm})X was measured over the kinematic range 0.13 < x < 0.41 and 1.3 < Q^{2} < 3.1 (GeV)^{2}. The SSA contains several different azimuthal angular modulations which are convolutions of quarks distribution functions in the nucleons and the quark fragmentation functions into hadrons. It is from the extraction of the various ``moments'' of these azimuthal angular distributions (Collins moment and Sivers moment) that we obtain information on the quark transversity distribution and the novel T-odd Sivers function. In this dissertation, I first introduced the theoretical background and experimental status of nucleon spins and the physics of SSA. I will then present the experimental setup and data collection of the JLab E06-010 experiment. Details of data analysis will be discussed next with emphasis on the kaon particle identification and the Ring-Imaging Cherenkov detector which are my major responsibilities in this experiment. Finally, results on the kaon Collins and Sivers moments extracted from the Maximum Likelihood method will be presented and interpreted. I will conclude with a discussion on the future prospects for this research.

On the rotation of co-orbital bodies in eccentric orbits

We investigate the resonant rotation of co-orbital bodies in eccentric and planar orbits. We develop a simple analytical model to study the impact of the eccentricity and orbital perturbations on the spin dynamics. This model is relevant in the entire domain of horseshoe and tadpole orbit, for moderate eccentricities. We show that there are three different families of spin-orbit resonances, one depending on the eccentricity, one depending on the orbital libration frequency, and another depending on the pericenter's dynamics. We can estimate the width and the location of the different resonant islands in the phase space, predicting which are the more likely to capture the spin of the rotating body. In some regions of the phase space the resonant islands may overlap, giving rise to chaotic rotation.

Super-orbital variability of LS I+61 degrees 303 at TeV energies

Context. The gamma-ray binary LS I +61º303 is a well-established source from centimeter radio up to very high energy (VHE; E > 100 GeV). The broadband emission shows a periodicity of ∼26.5 days, coincident with the orbital period. A longer (super-orbital) period of 1667 ± 8 days was proposed from radio variability and confirmed using optical and high-energy (HE; E ¿ 100 MeV) gamma-ray observations. In this paper, we report on a four-year campaign performed by MAGIC together with archival data concentrating on a search for a long-timescale signature in the VHE emission from LS I +61º303. Aims. We focus on the search for super-orbital modulation of the VHE emission, similar to that observed at other energies, and on the search for correlations between TeV emission and an optical determination of the extension of the circumstellar disk. Methods. A four-year campaign has been carried out using the MAGIC telescopes. The source was observed during the orbital phases when the periodic VHE outbursts have occurred (φ = 0.55 – 0.75, one orbit = 26.496 days). Additionally, we included archival MAGIC observations and data published by the VERITAS collaboration in these studies. For the correlation studies, LS I +61◦303 has also been observed during the orbital phases where sporadic VHE emission had been detected in the past (φ = 0.75 – 1.0). These MAGIC observations were simultaneous with optical spectroscopy from the LIVERPOOL telescope. Results. The TeV flux of the periodical outburst in orbital phases φ = 0.5 – 0.75 was found to show yearly variability consistent with the long-term modulation of ∼4.5 years found in the radio band. This modulation of the TeV flux can be well described by a sine function with a best-fit period of 1610±58 days. The complete data, including archival observations, span two super-orbital periods. There is no evidence for a correlation between the TeV emission and the mass-loss rate of the Be star, but this may be affected by the strong, short-timescale (as short as intra-day) variation displayed by the Hα fluxes.

Complete spin and orbital evolution of close-in bodies using a Maxwell viscoelastic rheology

In this paper, we present a formalism designed to model tidal interaction with a viscoelastic body made of Maxwell material. Our approach remains regular for any spin rate and orientation, and for any orbital configuration including high eccentricities and close encounters. The method is to integrate simultaneously the rotation and the position of the planet as well as its deformation. We provide the equations of motion both in the body frame and in the inertial frame. With this study, we generalize preexisting models to the spatial case and to arbitrary multipole orders using a formalism taken from quantum theory. We also provide the vectorial expression of the secular tidal torque expanded in Fourier series. Applying this model to close-in exoplanets, we observe that if the relaxation time is longer than the revolution period, the phase space of the system is characterized by the presence of several spin-orbit resonances, even in the circular case. As the system evolves, the planet spin can visit different spin-orbit configurations. The obliquity is decreasing along most of these resonances, but we observe a case where the planet tilt is instead growing. These conclusions derived from the secular torque are successfully tested with numerical integrations of the instantaneous equations of motion on HD 80606 b. Our formalism is also well adapted to close-in super-Earths in multiplanet systems which are known to have non-zero mutual inclinations.

Aplicación de administración con Angular, Node y Express para una aplicación Django

En este trabajo de fin de grado se ha desarrollado una aplicación de administración que sustituye a las que ofrecen por defecto las aplicaciones creadas con el framework de desarrollo web Django. La aplicación está compuesta por dos partes: un servidor, desarrollado con Node y Express, que ataca a la base de datos MySQL de la aplicación Django (es el nexo de unión entre ambas), y expone una API que es utilizada por la otra parte que compone la aplicación, la parte del cliente. La API es totalmente privada, siendo necesario un token de autenticación válido para poder obtener una respuesta satisfactoria de la misma. La generación del token también es tarea del servidor. El cliente, que es la parte que ve el usuario final, está desarrollada usando el framework Angular. La interfaz de usuario utiliza Bootstrap, por lo que su visualización es correcta en cualquier tipo de dispositivo, tanto de escritorio como móvil. En definitiva, se ha desarrollado una aplicación JavaScript End-to-End, empleando las últimas tecnologías web, mejorando ostensiblemente, las prestaciones que ofrece un panel de administración generado automáticamente por una aplicación Django.

Construcción y evaluación de un portafolio estructural, para obligatorias retiro programado, utilizando la metodología de frontera eficiente de Markowitz y la Teoría de Momentum

Este proyecto de investigación construye y evalúa la asignación de activos para el portafolio de Pensión Obligatoria de Retiro Programado, el cual atiende los retiros a los que un pensionado tiene derecho a través de su mesada pensional, utilizando el modelo de Frontera Eficiente de Markowitz, en combinación con la teoría de Momentum -- Para la ejecución del modelo se determinaron los activos de inversión admisibles en el Régimen de Inversiones -- Posteriormente, se construyen las matrices de rentabilidades, de restricciones, de varianzas y covarianzas, las cuales constituyen los insumos para ejecutar el modelo de optimización de portafolios de Markowitz -- A continuación, se realiza la selección de los portafolios obtenidos, teniendo en cuenta el nivel de volatilidad que el portafolio de Obligatorias Retiro Programado debe presentar; lo anterior, con el fin de cumplir con el objetivo de preservación del capital en la cuenta individual del pensionado, de manera que se pueda atender, de acuerdo a su esperanza de vida y la de sus beneficiarios, el pago de las mesadas pensionales que le correspondan -- El resultado obtenido corresponde a una asignación, en gran parte, en activos de Renta Fija expedidos por el Gobierno Nacional (TES), tanto en tasa fija como en tasa indexada a la UVR -- Adicionalmente, el modelo de optimización sugiere participaciones en activos de renta variable y, particularmente, no asigna recursos representativos en títulos de deuda privada indexados al IPC -- Esta investigación puede ser útil al momento de diseñar un portafolio base para Obligatorias Retiro Programado que, bajo una administración pasiva, permita cumplir el objetivo de otorgar a los pensionados una mesada para satisfacer las necesidades básicas

Convolution of Orbital Measures on Symmetric Spaces of type Cp and Dp

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