• The Journal of Asian Finance, Economics and Business
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• v.8 no.12
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• pp.1-7
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• 2021

The study examines the influence of COVID-19 on the stock market returns of Saudi Arabia. The data was analyzed through event study methodology using daily price data of Tadawul All Share Index (TASI). The study examines the behavior pattern of the Saudi Arabian stock market in different phases during the event period by selecting six-event windows with a range of 10 days. The results report a negative Abnormal Return (AR) of -0.003 on the event date, while the abnormal returns reversed the next day to 0.005 positively. The result of Cumulative Abnormal Return (CAR) is negative and significant at the 1 percent level in all the six-event windows starting from the event date to day 59 after the event for the TASI index. Even though the influence of the COVID-19 pandemic decreased after 30 days of the event date, it increased during the last ten days of the event window. The stock market volatility of Saudi Arabia increased during the post-event period compared to the pre-event period with a negative mean return of -0.326 and a greater standard deviation. In a conclusion, the study found a significant influence of the COVID-19 pandemic on the stock market returns of TASI.

• Journal of Industrial Convergence
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• v.1 no.1
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• pp.127-142
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• 2003

This Study examines the implications for event studies using the daily stock data. The output present the event study results. The event period is defined from 30 days before through 30 days after the event date, and is broken into four "windows" for abnormal return cumulation: the pre-event period, days -30 through -2; dajys -1 and 0, a period commonly investigated for the immediate impact of the event; and the post-event period, days +1 through +30. It shows how firm's information offerings affect the price process and consequent issues. The Patell Z test is an examples of a standardized abnormal return approach, which estimate a separate standard error for each security-event and assumes cross-sectional independence. The generalized sign test adjusts for the fraction of positive abnormal returns in the estimation period instead of assuming 0.5.

• Nuclear Engineering and Technology
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• v.56 no.2
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• pp.558-567
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• 2024

Diagnostic support systems are being researched to assist operators in identifying and responding to abnormal events in a nuclear power plant. Most studies to date have considered single abnormal events only, for which it is relatively straightforward to obtain data to train the deep learning model of the diagnostic support system. However, cases in which multiple abnormal events occur must also be considered, for which obtaining training data becomes difficult due to the large number of combinations of possible abnormal events. This study proposes an approach to maintain diagnostic performance for multiple abnormal events by training a deep learning model with data on single abnormal events only. The proposed approach is applied to an existing algorithm that can perform feature selection and multi-label classification. We choose an extremely randomized trees classifier to select dedicated monitoring parameters for target abnormal events. In diagnosing each event occurrence independently, two-channel convolutional neural networks are employed as sub-models. The algorithm was tested in a case study with various scenarios, including single and multiple abnormal events. Results demonstrated that the proposed approach maintained diagnostic performance for 15 single abnormal events and significantly improved performance for 105 multiple abnormal events compared to the base model.

• The KIPS Transactions:PartD
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• v.14D no.5
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• pp.483-490
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• 2007

Recently mining techniques that analyze the data stream to discover potential information, have been widely studied. However, most of the researches based on the support are concerned with the frequent event, but ignore the infrequent event even if it is crucial. In this paper, we propose SM-AF method discovering association rules to an abnormal event. In considering the window that an abnormal event is sensed, SM-AF method can discover the association rules to the critical event, even if it is occurred infrequently. Also, SM-AF method can discover the significant rare itemsets associated with abnormal event and periodic event itemsets. Through analysis and experiments, we show that SM-AF method is superior to the previous methods of mining association rules.

• Journal of KIISE
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• v.41 no.12
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• pp.1066-1074
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• 2014

In this paper, we present a visual analytics system that uses serial-correlation to detect an abnormal event in spatio-temporal data. Our approach extracts the topic-model from spatio-temporal tweets and then filters the abnormal event candidates using a seasonal-trend decomposition procedure based on Loess smoothing (STL). We re-extract the topic from the candidates, and then, we apply STL to the second candidate. Finally, we analyze the serial-correlation between the first candidates and the second candidate in order to detect abnormal events. We have used a visual analytic approach to detect the abnormal events, and therefore, the users can intuitively analyze abnormal event trends and cyclical patterns. For the case study, we have verified our visual analytics system by analyzing information related to two different events: the 'Gyeongju Mauna Resort collapse' and the 'Jindo-ferry sinking'.

• Journal of Distribution Science
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• v.13 no.9
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• pp.5-11
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• 2015

Purpose - The purpose of this research is to provide insights that can be used for deliberate decision making around challenging big data investments by measuring the economic value of such big data implementations. Research design, data, and methodology - We perform empirical research through an event study. To this end, we measure actual abnormal returns of companies that are triggered by their investment announcements in big data, or firm size information, during the three-year research period. The research period targets a timeframe after the introduction of big data at Korean firms listed on the Korea stock markets. Results - Our empirical findings discover that on the event day and the day after, the abnormal returns are significantly positive. In addition, our further examination of firm size impacts on the abnormal returns does not show any evidence of an effect. Conclusions - Our research suggests that an event study can be useful as an alternative means to measure the return on investment (ROI) for big data in order to lessen the difficulties or decision making around big data investments.

• Journal of the Korean Society of Industry Convergence
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• v.26 no.2_1
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• pp.217-223
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• 2023

With the rapid advancement of technologies, need for different research fields where this technology can be used is also increasing. One of the most researched topic in computer vision is object detection, which has widely been implemented in various fields which include healthcare, video surveillance and education. The main goal of object detection is to identify and categorize all the objects in a target environment. Specifically, methods of object detection consist of a variety of significant techniq ues, such as image processing and patterns recognition. Anomaly detection is a part of object detection, anomalies can be found various scenarios for example crowded places such as subway stations. An abnormal event can be assumed as a variation from the conventional scene. Since the abnormal event does not occur frequently, the distribution of normal and abnormal events is thoroughly imbalanced. In terms of public safety, abnormal events should be avoided and therefore immediate action need to be taken. When abnormal events occur in certain places, real time detection is required to prevent and protect the safety of the people. To solve the above problems, we propose a modified YOLOv5 object detection algorithm by implementing dilated convolutional layers which achieved 97% mAP50 compared to other five different models of YOLOv5. In addition to this, we also created a simple mobile application to avail the abnormal event detection on mobile phones.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.523-531
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• 2021

Vietnam's Oil and gas industry make a significant contribution to the Gross Domestic Product of Vietnam. The ongoing COVID-19 pandemic has hit every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The purpose of this article is to examine how the COVID-19 pandemic affects the share price of the Vietnam Oil and Gas industry. The event study method applied to Oil and Gas industry index data around three event days includes: (i) The date Vietnam recognized the first patient to be COVID-19 positive was January 23, 2020; (ii) The second outbreak of COVID-19 infection in the community began on March 6, 2020; (iii) The date (30/3/2020) when Vietnam announced the COVID-19 epidemic in the whole territory. This study found that the share price of the Vietnam Oil and Gas industry responded positively after the event (iii) which is manifested by the cumulative abnormal return of CAR (0; 3] = 3.8% and statistically significant at 5 %. In the study, event (ii) has the most negative and strong impact on Oil and Gas stock prices. Events (i) favor negative effects, events (iii) favor positive effects, but abnormal return change sign quickly from positive to negative after the event date and statistically significant shows the change on investors' psychology.

• Journal of Internet Computing and Services
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• v.20 no.6
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• pp.137-142
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• 2019

This paper Various services exist to detect and monitor abnormal event. However, most services focus on fires and gas leaks. so It is impossible to prevent and respond to emergency situations for the elderly and severely disabled people living alone. In this study, AI model is designed and compared to detect abnormal event of heart rate signal which is considered to be the most important among various bio signals. Specifically, electrocardiogram (ECG) data is collected using Physionet's MIT-BIH Arrhythmia Database, an open medical data. The collected data is transformed in different ways. We then compare the trained AI model with the modified and ECG data.

• Journal of Distribution Science
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• v.10 no.7
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• pp.13-22
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• 2012

The effect of the September 2008 global financial crisis weighed heavily on stock markets around the world. The purpose of this study is to empirically investigate the impact of the crisis on Amman Stock Exchange. Event study methodology has been adopted on a period of 24 months, from January 2008 to December 2009. Monthly average abnormal returns across a sample of 52 industrial and services companies have been tested separately. The results reveal that Amman Stock Exchange experienced significant negative abnormal returns in the fourth quarter of the year 2008. However, there were no significant abnormal returns observed thereafter. This means that Amman Stock Exchange managed to overcome its adverse consequences. Since the event study tests for market efficiency, as well, the results show that Amman Stock Exchange reaction is consistent with the semi-strong form of the efficient market hypothesis.