• 제목/요약/키워드: co-movement

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A Study on Co-movements and Information Spillover Effects Between the International Commodity Futures Markets and the South Korean Stock Markets: Comparison of the COVID-19 and 2008 Financial Crises

  • Yin-Hua Li;Guo-Dong Yang;Rui Ma
    • Journal of Korea Trade
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    • 제27권5호
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    • pp.167-198
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    • 2023
  • Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.

Countermovement Jump Strategy Changes with Arm Swing to Modulate Vertical Force Advantage

  • Kim, Seyoung
    • 한국운동역학회지
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    • 제27권2호
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    • pp.141-147
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    • 2017
  • Objective: We obtained force-displacement curves for countermovement jumps of multiple heights and examined the effect of an arm swing on changes in vertical jumping strategy. Countermovement jumps with hands on hips (Condition 1) and with an arm swing (Condition 2) were evaluated to investigate the mechanical effect of the arm movement on standing vertical jumps. We hypothesized that the ground reaction force (GRF) and/or center of mass (CoM) motion resulting from the countermovement action would significantly change depending on the use of an arm swing. Method: Eight healthy young subjects jumped straight up to five different levels ranging from approximately 10% (~25 cm) to 35% (~55 cm) of their body heights. Each subject performed five sets of jumps to five randomly ordered vertical elevations in each condition. For comparison of the two jumping strategies, the characteristics of the boundary point on the force-displacement curve, corresponding to the vertical GRF and the CoM displacement at the end of the countermovement action, were investigated to understand the role of arm movement. Results: Based on the comparison between the two conditions (with and without an arm swing), the subjects were grouped into type A and type B depending on the change observed in the boundary point across the five different jump heights. For both types (type A and type B) of vertical jumps, the initial vertical force at the start of push-off significantly changed when the subjects employed arm movement. Conclusion: The findings may imply that the jumping strategy does change with the inclusion of an arm swing, predominantly to modulate the vertical force advantage (i.e., the difference between the vertical force at the start of push-off and the body weight).

Visual tracking based Discriminative Correlation Filter Using Target Separation and Detection

  • Lee, Jun-Haeng
    • 한국컴퓨터정보학회논문지
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    • 제22권12호
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    • pp.55-61
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    • 2017
  • In this paper, we propose a novel tracking method using target separation and detection that are based on discriminative correlation filter (DCF), which is studied a lot recently. 'Retainability' is one of the most important factor of tracking. There are some factors making retainability of tracking worse. Especially, fast movement and occlusion of a target frequently occur in image data, and when it happens, it would make target lost. As a result, the tracking cannot be retained. For maintaining a robust tracking, in this paper, separation of a target is used so that normal tracking is maintained even though some part of a target is occluded. The detection algorithm is executed and find new location of the target when the target gets out of tracking range due to occlusion of whole part of a target or fast movement speed of a target. A variety of experiments with various image data sets are conducted. The algorithm proposed in this paper showed better performance than other conventional algorithms when fast movement and occlusion of a target occur.

손가락 동작과 힘 추정 시스템 (Motion and Force Estimation System of Human Fingers)

  • 이동철;최영진
    • 제어로봇시스템학회논문지
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    • 제17권10호
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    • pp.1014-1020
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    • 2011
  • This presents a motion and force estimation system of human fingers by using an Electromyography (EMG) sensor module and a data glove system to be proposed in this paper. Both EMG sensor module and data glove system are developed in such a way to minimize the number of hardware filters in acquiring the signals as well as to reduce their sizes for the wearable. Since the onset of EMG precedes the onset of actual finger movement by dozens to hundreds milliseconds, we show that it is possible to predict the pattern of finger movement before actual movement by using the suggested system. Also, we are to suggest how to estimate the grasping force of hand based on the relationship between RMS taken EMG signal and the applied load. Finally we show the effectiveness of the suggested estimation system through several experiments.

싱글침대의 표면재에 관한 분석 연구 (Analysis of Surface Materials of a Single Bed)

  • 강신우
    • 한국가구학회지
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    • 제27권1호
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    • pp.35-42
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    • 2016
  • With radical increase in one-person households, the consumption market in Korea has also rapidly changed. In line with this movement, customized furniture for sing lecustomershas been recently introduced. Since sleeping more than eight hours a day is needed to maintain a healthy lifestyle, a suitable bed for a comfortable sleep is an essential product for single consumers. In order to respond to this trend, a study was conducted to examine the surface materials of a bed designed for singles. A complete enumeration survey was implemented for beds manufactured by ACEBED Co., Ltd., Simmons-k, Co, Ltd,. Keumsung Bed, Hanssem Co,. Ltd., Hyundai Livart Co,. Ltd,. Emons Furniture Co,. Ltd,. and Borneo International Furniture Co., Ltd. This study helped in the proper selection of surface materials that may be used in the development of furniture for single consumers.

주기성 사지운동증의 운동간격이 수면구조에 미치는 영향 (Effects of Movement Intervals on Sleep Architecture in Subjects with Periodic Limb Movements during Sleep)

  • 손창호;이명희;박두흠;정도언
    • 수면정신생리
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    • 제4권2호
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    • pp.191-200
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    • 1997
  • Objectives : Periodic limb movements during sleep (PLMS) may cause arousals that may lead to non-restorative sleep. PLMS is characterized by long sleep latency, sleep fragmentation, frequent stage shifts, and rarity of stages 3/4 NREM sleep on polysomnography. However, controversies have existed and it still remains to be elaborated whether PLMS actually causes insomnia, since normal persons happen to have PLMS. Clinically, it would be crucial to know factors which might disturb sleep in PLMS. We became interested in Coleman's theory(1980) that invariant periodic movements disturb patients' sleep less. Though, Coleman's study seems to have been confounded by including PLMS patients with various co-morbid sleep disorders. Therefore, we attempted to study in patients only with PLMS the effects of movement patterns on sleep architecture. Methods : In 27 patients diagnosed as having PLMS only with clinical interview and nocturnal polysomnography, we studied the relationship between the movement patterns such as mean duration and variability of periodic limb movement's interval and the sleep architecture variables. Results : The shorter and the more regular the limb movement intervals were, the fewer arousals followed. The movement intervals of the older patients were shorter and more regular than the younger patients. The probability of the accompanying arousal with each limb movement increased as the duration and variance of the movement intervals increased. It decreased as the age and the frequency of limb movements increased. Among these factors the most significant one was the mean duration of the movement intervals. In other words, the shorter the movement intervals were, the less disturbed sleep was. Conclusion : PLMS frequency increases with aging but the probability of the accompanying arousal with each movement decreases with aging. Sleep-disturbing effects of PLMS depends more on the duration and variability of movement intervals than the PLMS frequency.

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Surface Modification of a Li[Ni0.8Co0.15Al0.05]O2 Cathode using Li2SiO3 Solid Electrolyte

  • Park, Jin Seo;Park, Yong Joon
    • Journal of Electrochemical Science and Technology
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    • 제8권2호
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    • pp.101-106
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    • 2017
  • $Li_2SiO_3$ was used as a coating material to improve the electrochemical performance of $Li[Ni_{0.8}Co_{0.15}Al_{0.05}]O_2$. $Li_2SiO_3$ is not only a stable oxide but also an ionic conductor and can, therefore, facilitate the movement of lithium ions at the cathode/electrolyte interface. The surface of the $Li_2SiO_3$-coated $Li[Ni_{0.8}Co_{0.15}Al_{0.05}]O_2$ was covered with island-type $Li_2SiO_3$ particles, and the coating process did not affect the structural integrity of the $Li[Ni_{0.8}Co_{0.15}Al_{0.05}]O_2$ powder. The $Li_2SiO_3$ coating improved the discharge capacity and rate capability; moreover, the $Li_2SiO_3$-coated electrodes showed reduced impedance values. The surface of the lithium-ion battery cathode is typically attacked by the HF-containing electrolyte, which forms an undesired surface layer that hinders the movement of lithium ions and electrons. However, the $Li_2SiO_3$ coating layer can prevent the undesired side reactions between the cathode surface and the electrolyte, thus enhancing the rate capability and discharge capacity. The thermal stability of $Li[Ni_{0.8}Co_{0.15}Al_{0.05}]O_2$ was also improved by the $Li_2SiO_3$ coating.

표본건물 계측에 의한 업무시설에서의 용도별 에너지사용량 및 CO2 배출량 연간 원단위 (2016 - 2017) 분석 (Annual Intensities (2016-2017) Analysis of Energy Use and CO2 Emission by End Use Based on Measurements of Sample Office Building)

  • 임한영;임수현;진혜선;김성임;이수진;임재한;송승영
    • 대한건축학회논문집:구조계
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    • 제34권8호
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    • pp.19-27
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    • 2018
  • In this study, annual site and primary energy use intensities (EUIs) and $CO_2$ emission intensities (CEIs) per area by end use were estimated based on the measurement data from June 2016 to May 2017 of 19 sample office buildings in Seoul. In addition, the estimated site EUIs by end use were compared to the U.S. Commercial Buildings Energy Consumption Survey (CBECS) 2012 data. Average site EUIs by end use were found to be in the order of electric appliance (typical floors) > heating > cooling > lighting > air movement > domestic hot water > vertical transportation > city water supply. In the case of primary EUIs and CEIs by end use, electric appliance was found to be the largest. As results of comparison with the CBECS 2012 data, it was found that the site EUIs were similar for heating, cooling, domestic hot water, and electric appliance, etc., but slightly different for lighting and air movement. The number of sample office buildings will continue to increase until 2020 (total number of samples 85) and intensities data by end use will be continuously updated through continuous collection of measurement data.

항공기 소음 측정 시 이동측정지점에 대한 소음도 예측방법 (A Noise Prediction Method on the Movement Measuring Points at Measurement for Aircraft Noise)

  • 우정하;이병찬
    • 한국소음진동공학회논문집
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    • 제25권12호
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    • pp.901-906
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    • 2015
  • It is difficult to measure aircraft noise at many points, because the noise measurement is need to long time, 24 hours and consecutive 7 days, which results in high costs. As an alternative, movement measuring points are set to measure aircraft noise for less than 24 hours, and so it is needed to overcome the limitation of shorter measuring time. Thus, this study measured military aircraft noise on movement measuring points and conducted a comparative analysis on the data according to each measuring time. The data of measuring noise for 24 hours and less than 24 hours were compared to suggest appropriate measuring time on the movement measuring points. As a result of comparing data of measuring noise, an error was within 3 dB in case of measuring time of 3 hours, and an error was within 1 dB in case of 6 hours of measurement.

심지융착기의 압착벨트 운동에 대한 연구 (A Study on the Press Belt Motion in the Fusing Press M/C)

  • 허유;안성기;장승호
    • 한국염색가공학회지
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    • 제17권5호
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    • pp.53-60
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    • 2005
  • Fusing press m/c is used for heating and pressing the specimens that are fed into between the two moving belts. Therefore the belt movement, belt temperature, and the pressure between belts must be kept constant. Especially, the belts should move in a limited operation range. When the belts run far out of the operation point, the machine has to be stopped, which results in a product defect because the fusing conditions, e.g., temperature and pressure, change during the transient process time period. It is important to avoid the belt stopping by maintaining the belt movement in a limited range. This study reports about the movement of the endless fusing belt in a long-span roller fusing m/c. The belt position changes as the 1st-order system does; if the roller axes are slanting each other with a certain angle, the belt running around the two rolls shows a dynamic behavior with the time that deviates fastly at the beginning from the initial condion and slows down. Then it reaches at a final position. The skewer the axes, the greater the position change. The inital change rate of the belt becomes large as the skewness of the axes between the two rollers increases.