Trades and Graphs

The trade spectrum of a simple graph G is defined to be the set of all t for which it is possible to assemble together t copies of G into a simple graph H, and then disassemble H into t entirely different copies of G. Trade spectra of graphs have applications to intersection problems, and defining sets, of G-designs. In this investigation, we give several constructions, both for specific families of graphs, and for graphs in general.

Constructing and Deconstructing Latin Trades

This paper discusses existence results for latin trades and provides a Glueing Construction which is subsequently used to construct all latin trades of finite order greater than three.

Steiner trades that give rise to completely decomposable latin interchanges

In this paper we focus on the representation of Steiner trades of volume less than or equal to nine and identify those for which the associated partial latin square can be decomposed into six disjoint latin interchanges.

On the volume of 4-cycle trades

A 4-cycle trade of volume t corresponds to a simple graph G without isolated vertices, where the edge set can be partitioned into t 4-cycles in at least two different ways such that the two collections of 4-cycles have no 4-cycles in common. The foundation of the trade is v = \V(G)\. This paper determines for which values oft and a there exists a 4-cycle trade of volume t and foundation v.

Currency Carry Trades – Excess Returns and Performance Optimization of G10 Currency Carry Trade Strategies during the Euro Era

This study examines the excess returns provided by G10 currency carry trading during the Euro era. The currency carry trade has been a popular trade throughout the past decades offering excess returns to investors. The thesis aims to contribute to existing research on the topic by utilizing a new set of data for the Euro era as well as using the Euro as a basis for the study. The focus of the thesis is specifically on different carry trade strategies’ performance, risk and diversification benefits. The study finds proof of the failure of the uncovered interest rate parity theory through multiple regression analyses. Furthermore, the research finds evidence of significant diversification benefits in terms of Sharpe ratio and improved return distributions. The results suggest that currency carry trades have offered excess returns during 1999-2014 and that volatility plays an important role in carry trade returns. The risk, however, is diversifiable and therefore our results support previous quantitative research findings on the topic.

Do insiders get abnormal returns? : event studies on the trades of insiders of the firms with differentiated corporate governance of the São Paulo stock exchange

The subject insider trading is controversial. This paper presents series of event studies carried through on the trades with stocks of the firm carried by insiders with the objective to detect abnormal returns, based on the access to privileged information. The sample is composed by trades performed by insiders of the companies with stocks negotiated in the São Paulo Stock Exchange, that are classified as firms with differentiated corporate governance. Indication that trades performed by insiders resulted in abnormal returns compared to the statistically significant expected ones, as in the purchases of common shares; or for selling of preferred stocks.