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Sample records for monterey bay stock

  1. Monterey Bay Aquarium Volunteer Guide Scheduling Analysis

    Science.gov (United States)

    2014-12-01

    TERMS 15. NUMBER OF Monterey Bay Aquarium, linear programing, network design, multi commodity flow, resilience PAGES 17. SECURITY 18. SECURITY...Volunteers fill many roles that include Aquarium guides, information desk attendants, divers, and animal caregivers . Julie Packard, Executive Director of...further analyze the resiliency of the shifts to changes in staffing levels caused by no-shows or drop-ins. 3 While the guide program managers have

  2. Southern Monterey Bay Littoral Cell CRSMP Sensitive Habitat 2008

    Data.gov (United States)

    California Natural Resource Agency — One of the most important functions of the southern Monterey Bay coastal system is its role as a habitat for a unique flora and fauna. The beaches are habitat for...

  3. Southern Monterey Bay Littoral Cell CRSMP Proposed Receiver Site 2008

    Data.gov (United States)

    California Natural Resource Agency — Given the location of the critical areas of erosion and the need to avoid adverse impacts to local sensitive habitat, the Southern Monterey Bay Coastal RSM Plan...

  4. Southern Monterey Bay Littoral Cell CRSMP Proposed Receiver Site 2008

    Data.gov (United States)

    California Department of Resources — Given the location of the critical areas of erosion and the need to avoid adverse impacts to local sensitive habitat, the Southern Monterey Bay Coastal RSM Plan...

  5. Southern Monterey Bay Littoral Cell CRSMP Sensitive Habitat 2008

    Data.gov (United States)

    California Department of Resources — One of the most important functions of the southern Monterey Bay coastal system is its role as a habitat for a unique flora and fauna. The beaches are habitat for...

  6. THE RESPONSE OF MONTEREY BAY TO THE 2010 CHILEAN EARTHQUAKE

    Directory of Open Access Journals (Sweden)

    Laurence C. Breaker

    2011-01-01

    Full Text Available The primary frequencies contained in the arrival sequence produced by the tsunami from the Chilean earthquake of 2010 in Monterey Bay were extracted to determine the seiche modes that were produced. Singular Spectrum Analysis (SSA and Ensemble Empirical Mode Decomposition (EEMD were employed to extract the primary frequencies of interest. The wave train from the Chilean tsunami lasted for at least four days due to multipath arrivals that may not have included reflections from outside the bay but most likely did include secondary undulations, and energy trapping in the form of edge waves, inside the bay. The SSA decomposition resolved oscillations with periods of 52-57, 34-35, 26-27, and 21-22 minutes, all frequencies that have been predicted and/or observed in previous studies. The EEMD decomposition detected oscillations with periods of 50-55 and 21-22 minutes. Periods in the range of 50-57 minutes varied due to measurement uncertainties but almost certainly correspond to the first longitudinal mode of oscillation for Monterey Bay, periods of 34-35 minutes correspond to the first transverse mode of oscillation that assumes a nodal line across the entrance of the bay, a period of 26- 27 minutes, although previously observed, may not represent a fundamental oscillation, and a period of 21-22 minutes has been predicted and observed previously. A period of ~37 minutes, close to the period of 34-35 minutes, was generated by the Great Alaskan Earthquake of 1964 in Monterey Bay and most likely represents the same mode of oscillation. The tsunamis associated with the Great Alaskan Earthquake and the Chilean Earthquake both entered Monterey Bay but initially arrived outside the bay from opposite directions. Unlike the Great Alaskan Earthquake, however, which excited only one resonant mode inside the bay, the Chilean Earthquake excited several modes suggesting that the asymmetric shape of the entrance to Monterey Bay was an important factor and that the

  7. Monterey Bay ambient noise profiles using underwater gliders

    OpenAIRE

    Chandrayadula, Tarun K.; Miller, Chris W.; Joseph, John

    2013-01-01

    The article of record as published may be found at http://dx.doi.org/10.1121/1.4799131 In 2012, during two separate week-long deployments, underwater gliders outfitted with external hydrophones profiled the upper 100-200 m of the Monterey Bay. The environment contained various noises made by marine mammals, ships, winds, and earthquakes. Unlike hydrophone receivers moored to a fixed location, moving gliders measure noise variability across a wide terrain. However, underwater mobile s...

  8. Underwater Gravity Survey of Northern Monterey Bay.

    Science.gov (United States)

    stations were occupied just above the swash zone. A complete Bouguer anomaly map was drawn and tied in with the previous land surveys and with one...covering the southern half of the bay. The isolines of the complete Bouguer anomaly indicate the relative vertical position of the basement complex Santa

  9. 15 CFR Appendix A to Subpart M of... - Monterey Bay National Marine Sanctuary Boundary Coordinates

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 3 2010-01-01 2010-01-01 false Monterey Bay National Marine Sanctuary... OF COMMERCE OCEAN AND COASTAL RESOURCE MANAGEMENT NATIONAL MARINE SANCTUARY PROGRAM REGULATIONS Monterey Bay National Marine Sanctuary Pt. 922, Subpt. M, App. A Appendix A to Subpart M of Part 922...

  10. The monterey bay broadband ocean bottom seismic observatory

    Directory of Open Access Journals (Sweden)

    R. Uhrhammer

    2006-06-01

    Full Text Available We report on the installation of a long-term buried ocean-floor broadband seismic station (MOBB in Monterey Bay, California (USA, 40km off-shore, at a water depth of 1000 m. The station was installed in April 2002 using a ship and ROV, in a collaborative effort between the Monterey Bay Aquarium Research Institute (MBARI and the Berkeley Seismological Laboratory (BSL. The station is located on the western side of the San Gregorio Fault, a major fault in the San Andreas plate boundary fault system. In addition to a 3-component CMG-1T seismometer package, the station comprises a current meter and Differential Pressure Gauge, both sampled at high-enough frequency (1 Hz to allow the study of relations between background noise on the seismometers and ocean waves and currents. The proximity of several land-based broadband seismic stations of the Berkeley Digital Seismic Network allows insightful comparisons of land/ocean background seismic noise at periods relevant to regional and teleseismic studies. The station is currently autonomous. Recording and battery packages are exchanged every 3 months during scheduled one day dives. Ultimately, this station will be linked to shore using continuous telemetry (cable and/or buoy and will contribute to the earthquake notification system in Northern California. We present examples of earthquake and noise data recorded during the first 6 months of operation of MOBB. Lessons learned from these and continued recordings will help understand the nature and character of background noise in regional off-shore environments and provide a reference for the installation of future off-shore temporary and permanent broadband seismic stations.

  11. Southern Monterey Bay Littoral Cell CRSMP CEMEX Mine Dredge Pond 2008

    Data.gov (United States)

    California Natural Resource Agency — Location of the CEMEX mine dredge pond at Lapis Sand Plant, Marina, CA. Southern Monterey Bay has been the most intensively mined shoreline in the U.S. Sand mining...

  12. Evaluating the Addition of a Dinoflagellate Phytoplankton Functional Type Using Radiance Anomalies for Monterey Bay, CA

    Science.gov (United States)

    Houskeeper, H. F.; Kudela, R. M.

    2016-12-01

    Ocean color sensors have enabled daily, global monitoring of phytoplankton productivity in the world's oceans. However, to observe key structures such as food webs, or to identify regime shifts of dominant species, tools capable of distinguishing between phytoplankton functional types using satellite remote sensing reflectance are necessary. One such tool developed by Alvain et al. (2005), PHYSAT, successfully linked four phytoplankton functional types to chlorophyll-normalized remote sensing spectra, or radiance anomalies, in case-1 waters. Yet this tool was unable to characterize dinoflagellates because of their ubiquitous background presence in the open ocean. We employ a radiance anomaly technique based on PHYSAT to target phytoplankton functional types in Monterey Bay, a region where dinoflagellate populations are larger and more variable than in open ocean waters, and thus where they may be viable targets for satellite remote sensing characterization. We compare with an existing Santa Cruz Wharf photo-pigment time series spanning from 2006 to the present to regionally ground-truth the method's predictions, and we assess its accuracy in characterizing dinoflagellates, a phytoplankton group that impacts the region's fish stocks and water quality. For example, an increase in dinoflagellate abundance beginning in 2005 led to declines in commercially important fish stocks that persisted throughout the following year. Certain species of dinoflagellates in Monterey Bay are also responsible for some of the harmful algal bloom events that negatively impact the shellfish industry. Moving toward better tools to characterize phytoplankton blooms is important for understanding ecosystem shifts, as well as protecting human health in the surrounding areas.

  13. Isotope systematic of contaminant leads in Monterey Bay

    International Nuclear Information System (INIS)

    Flegal, A.R.; Rosman, K.J.R.; Stephenson, M.D.

    1987-01-01

    Isotopic compositions of stable lead ( 204 Pb, 206 Pb, 207 Pb, and 208 Pb) were utilized to identify a lead slag deposit as the principal source of contaminant lead in Monterey Bay. This point source had been indicated by anomalously high lead concentrations in native mussels (Mytilus californianus) near that deposit, which were orders of magnitude above the base-line concentration of the species (0.5 μg/g). Subsequent analyses revealed that the lead concentrations of both transplanted mussels and intertidal sediments were positively correlated with their proximity to the slag deposit. Complementary lead isotopic compositions substantiated those empirical correlations by demonstrating that the slag was the predominant source of contaminant lead in both the mussels and the sediments. Analyses of the digestive tracts of mussels from the slag deposit indicated that ingested slag particulates accounted for their elevated lead concentrations, while analyses of their gonads indicated that dissolved lead from other industrial sources was also being bioaccumulated by passive adsorption on exposed surfaces. Therefore, this study has demonstrated the potential of lead isotope systematics both to identify sources of lead contamination in marine organisms and to trace its biogeochemical cycle in the marine environment. 26 references, 3 figures, 5 tables

  14. Study of Integrated USV/UUV Observation System Performance in Monterey Bay

    Science.gov (United States)

    2017-09-01

    EMATT expendable mobile ASW training target MARS Monterey Accelerated Research System MBARI Monterey Bay Aquarium Research Institute PSD power ...Paula Travis, provided needed support as well. The Naval Postgraduate School faculty and staff are incredibly professional and knowledgeable . The...operation. 9 “The MARS observatory ‘science node’ (shown in orange) has eight ports, each of which can supply data and power connections for

  15. 15 CFR Appendix D to Subpart M of... - Dredged Material Disposal Sites Adjacent to the Monterey Bay National Marine Sanctuary

    Science.gov (United States)

    2010-01-01

    ... Adjacent to the Monterey Bay National Marine Sanctuary D Appendix D to Subpart M of Part 922 Commerce and... SANCTUARY PROGRAM REGULATIONS Monterey Bay National Marine Sanctuary Pt. 922, Subpt. M, App. D Appendix D to... Sanctuary [Coordinates in this appendix are unprojected (Geographic Coordinate System) and are calculated...

  16. Southern Monterey Bay Littoral Cell CRSMP Critical Erosion Sites 2008

    Data.gov (United States)

    California Natural Resource Agency — PWA and Griggs (2004) defined three risk categories to Monterey Regional Water Pollution Control Agency (MRWPCA) facilities between Marina and Wharf II. These risk...

  17. Southern Monterey Bay Littoral Cell CRSMP Critical Erosion Sites 2008

    Data.gov (United States)

    California Department of Resources — PWA and Griggs (2004) defined three risk categories to Monterey Regional Water Pollution Control Agency (MRWPCA) facilities between Marina and Wharf II. These risk...

  18. THE RESPONSE OF MONTEREY BAY TO THE GREAT TOHOKU EARTHQUAKE OF 2011

    Directory of Open Access Journals (Sweden)

    D. Carroll

    2011-01-01

    Full Text Available The response of Monterey Bay to the Great Tohoku earthquake of 2011 is examined in this study. From a practical standpoint, although the resulting tsunami did not cause any damage to the open harbors at Monterey and Moss Landing, it caused extensive damage to boats and infrastructure in Santa Cruz Harbor, which is closed to surrounding waters. From a scientific standpoint, the observed and predicted amplitudes of the tsunami at 1 km from the source were 21.3 and 22.5 m based on the primary arrival from one DART bottom pressure recorder located 986 km ENE of the epicenter. The predicted and observed travel times for the tsunami to reach Monterey Bay agreed within 3%. The predicted and observed periods of the tsunami-generated wave before it entered the bay yielded periods that approached 2 hours. Once the tsunami entered Monterey Bay it was transformed into a seiche with a primary period of 36-37 minutes, corresponding to quarter-wave resonance within the bay. Finally, from a predictive standpoint, major tsunamis that enter the bay from the northwest, as in the present case, are the ones most likely to cause damage to Santa Cruz harbor.

  19. 78 FR 16628 - Gulf of the Farallones and Monterey Bay National Marine Sanctuaries Regulations on Introduced...

    Science.gov (United States)

    2013-03-18

    ... Register on October 1, 2009 (74 FR 50740) concerning regulations on the introduction of introduced species... Sanctuaries (ONMS) conducted a joint review of the management plans for Gulf of the Farallones, Monterey Bay and Cordell Bank national marine sanctuaries (hereafter referred to as the ``Joint Management Plan...

  20. Analysis of Civilian Employee Attrition at the Naval Postgraduate School and Naval Support Activity - Monterey Bay

    National Research Council Canada - National Science Library

    Valverde, Xavier

    1997-01-01

    ...) and Naval Support Activity-Monterey Bay (NSA-MB) to determine what civilian non-faculty employee jobs are likely to be left vacant in the next three years due to attrition and to identify what training and skills will be needed by personnel whose...

  1. Coastal currents and mass transport of surface sediments over the shelf regions of Monterey Bay, California

    Science.gov (United States)

    Wolf, S.C.

    1970-01-01

    In Monterey Bay, the highest concentrations of medium and fine sands occur nearshore between ten and thirty fathoms. Silt and clay accumulate in greater depths. Contours of median diameter roughly parallel the isobaths. Fine-grained materials are supplied to the bay region from erosion of cliffs which partly surround Monterey Bay, from sediment laden river discharge, and from continual reworking of widespread Pleistocene and Recent sea floor sediments. These sediments in turn are picked up by coastal currents and distributed over the shelf regions by present day current regimes. Studies of bottom currents over the shelf regions and in Monterey Canyon have revealed patterns which vary with seasonal changes. Current patterns during August and September exhibit remarkable symmetry about the axis of Monterey Submarine Canyon. Central Shelf currents north and south of Monterey Canyon flowed northwest at an average rate of 0.2 knots and south at 0.3 knots respectively. On the North Shelf between January and March currents flowed east to southeast at 0.3-0.5 knots with mirror image patterns above the South Shelf during the same period. Irregular current flow in the canyon indicates a complex current structure with frequent shifts in counterclockwise and clockwise direction over very short periods of time. Bottom topography of the canyon complex often causes localization of canyon currents. One particular observation at a depth of 51 fathoms indicated up-canyon flow at a rate of 0.2 knots. Most of the observed currents are related to seasonal variations, upwelling, ocean swell patterns, and to changes in the California and Davidson currents. Changes in current regimes are reflected in the patterns of sediment distribution and transport. Sediment transport is chiefly parallel to the isobaths, particularly on the North and South Shelf regions. Complex dispersal patterns are observed near Monterey Canyon and Moss Landing Harbor jetties. Longshore currents move sediments

  2. 77 FR 73322 - Revisions to the California State Implementation Plan, Monterey Bay Unified Air Pollution Control...

    Science.gov (United States)

    2012-12-10

    ...EPA is taking direct final action to approve revisions to the Monterey Bay Unified Air Pollution Control District (MBUAPCD) portion of the California State Implementation Plan (SIP). These revisions concern opacity standards related to multiple pollutants, including particulate matter (PM) emissions from several different types of sources, ranging from fugitive dust to gas turbines. We are approving a local rule that regulates these emission sources under the Clean Air Act (CAA or the Act).

  3. 77 FR 73392 - Revisions to the California State Implementation Plan, Monterey Bay Unified Air Pollution Control...

    Science.gov (United States)

    2012-12-10

    ...EPA is proposing to approve revisions to the Monterey Bay Unified Air Pollution Control District (MBUAPCD) portion of the California State Implementation Plan (SIP). This revision concerns opacity standards related to multiple pollutants, including particulate matter (PM) emissions from several different types of sources, ranging from fugitive dust to gas turbines. We are proposing to approve a local rule to regulate these emission sources under the Clean Air Act (CAA or the Act).

  4. Analysis of Marketing and Customer Satisfaction in Base Housing Communities of the Monterey Bay Area

    Science.gov (United States)

    2011-06-01

    in Seattle, Washington. The company claims to be based on four basic principles : “exceptional people, strong customer service, market knowledge, and...FtOrd.html Keller, K., & Kotler , P. (2009). A framework for marketing management. Upper Saddle River, NJ: Pearson Education, Inc. Office of...SUBTITLE Analysis of Marketing and Customer Satisfaction in Base Housing Communities of the Monterey Bay Area 5. FUNDING NUMBERS 6. AUTHOR(S

  5. 75 FR 13468 - Disapproval of California State Implementation Plan Revisions, Monterey Bay Unified Air Pollution...

    Science.gov (United States)

    2010-03-22

    ...EPA is proposing to disapprove a revision to the Monterey Bay Unified Air Pollution Control District (MBAPCD) portion of the California State Implementation Plan (SIP). This revision concerns opacity standards related to multiple pollutants, including particulate matter (PM) emissions from several different types of sources, ranging from fugitive dust to gas turbine generators. We are proposing action on a local rule that regulates these emission sources under the Clean Air Act as amended in 1990 (CAA or the Act). We are taking comments on this proposal and plan to follow with a final action.

  6. 75 FR 37727 - Disapproval of California State Implementation Plan Revisions, Monterey Bay Unified Air Pollution...

    Science.gov (United States)

    2010-06-30

    ...EPA is finalizing disapproval of a revision to the Monterey Bay Unified Air Pollution Control District (MBUAPCD) portion of the California State Implementation Plan (SIP). This action was proposed in the Federal Register on March 22, 2010. This revision concerns opacity standards related to multiple pollutants, including particulate matter (PM) emissions, from a wide variety of sources. Under authority of the Clean Air Act as amended in 1990 (CAA or the Act), this action identifies a deficiency that precludes approval of this SIP revision.

  7. Deployment of a Long-Term Broadband Seafloor Observatory in Monterey Bay

    Science.gov (United States)

    McGill, P.; Neuhauser, D.; Stakes, D.; Romanowicz, B.; Ramirez, T.; Uhrhammer, R.

    2002-12-01

    MOBB (Monterey bay Ocean floor Broad Band project) is a collaborative project between the Monterey Bay Aquarium Research Institute (MBARI) and the Berkeley Seismological Laboratory (BSL). Its goal is to install and operate a permanent seafloor broadband seismic station as a first step towards extending the on-shore broadband seismic network in northern California to the seaside of the North-America/Pacific plate boundary, providing better azimuthal coverage for regional earthquake and structure studies. The successful MOBB deployment took place 40km off shore at a water depth of 1000m during three dives on April 9-11, 2002. The seismometer was buried in a 60-cm deep caisson, which was later back filled with glass beads to stabilize the instrument. New tools, including a high-pressure water-jet excavator, were developed for the ROV Ventana to accomplish these tasks. The ocean-bottom MOBB station currently comprises a three-component seismometer package, a current-meter, and a recording and battery package. Data recovery dives, during which the recording and battery package will be exchanged, are planned every three months for the next three years. A differential pressure gauge (DPG) (Cox et al., 1984) will be deployed as part of the recording package during the next data recovery dive in September 2002. The station is currently recording data autonomously. Eventually, it will be linked to the planned (and recently funded) MARS (Monterey Accelerated Research System; rl {http://www.mbari.org/mars/}) cable and provide real-time, continuous seismic data to be merged with the rest of the northern California real-time seismic system. The data are archived at the NCEDC for on-line availability, as part of the Berkeley Digital Seismic Network (BDSN). This project follows the 1997 MOISE experiment, in which a three-component broadband system was deployed for a period of three months, 40km off shore in Monterey Bay. MOISE was a cooperative program sponsored by MBARI, UC

  8. Navigating the Institutional and Pedagogical Challenges of the Service-Learning Leadership Minor at CSU Monterey Bay

    Science.gov (United States)

    Burke, Deborah A.

    2012-01-01

    Despite solid foundations for service-learning at California State University Monterey Bay (CSUMB), the economic context of higher education in California, and in particular the CSU system, has created significant challenges for service-learning practitioners. This article provides an overview of the institutional foundations in place at CSUMB…

  9. A Vision in Progress. The Decision To Establish a Public University at Monterey Bay. An Occasional Paper.

    Science.gov (United States)

    Chance, William

    This report describes the decision-making process and problems encountered during the 48 months it took to establish a new university, California State University at Monterey Bay, on the site of Fort Ord, a recently closed military base. After an introduction, the report is organized in four sections, one for each phase of the process. The first…

  10. Sand mining impacts on long-term dune erosion in southern Monterey Bay

    Science.gov (United States)

    Thornton, E.B.; Sallenger, Abby; Sesto, Juan Conforto; Egley, L.; McGee, Timothy; Parsons, Rost

    2006-01-01

    Southern Monterey Bay was the most intensively mined shoreline (with sand removed directly from the surf zone) in the U.S. during the period from 1906 until 1990, when the mines were closed following hypotheses that the mining caused coastal erosion. It is estimated that the yearly averaged amount of mined sand between 1940 and 1984 was 128,000 m3/yr, which is approximately 50% of the yearly average dune volume loss during this period. To assess the impact of sand mining, erosion rates along an 18 km range of shoreline during the times of intensive sand mining (1940–1990) are compared with the rates after sand mining ceased (1990–2004). Most of the shoreline is composed of unconsolidated sand with extensive sand dunes rising up to a height of 46 m, vulnerable to the erosive forces of storm waves. Erosion is defined here as a recession of the top edge of the dune. Recession was determined using stereo-photogrammetry, and LIDAR and GPS surveys. Long-term erosion rates vary from about 0.5 m/yr at Monterey to 1.5 m/yr in the middle of the range, and then decrease northward. Erosion events are episodic and occur when storm waves and high tides coincide, allowing swash to undercut the dune and resulting in permanent recession. Erosion appears to be correlated with the occurrence of El Niños. The calculated volume loss of the dune in southern Monterey Bay during the 1997–98 El Niño winter was 1,820,000 m3, which is almost seven times the historical annual mean dune erosion of 270,000 m3/yr. The alongshore variation in recession rates appears to be a function of the alongshore gradient in mean wave energy and depletions by sand mining. After cessation of sand mining in 1990, the erosion rates decreased at locations in the southern end of the bay but have not significantly changed at other locations.

  11. Prey and plastic ingestion of Pacific Northern Fulmars (Fulmarus glacialis rogersii) from Monterey Bay, California.

    Science.gov (United States)

    Donnelly-Greenan, Erica L; Harvey, James T; Nevins, Hannahrose M; Hester, Michelle M; Walker, William A

    2014-08-15

    Marine plastic pollution affects seabirds, including Pacific Northern Fulmars (Fulmarus glacialis rodgersii), that feed at the surface and mistake plastic for prey or incidentally ingest it. Direct and indirect health issues can result, including satiety and possibly leading to inefficient foraging. Our objective was to examine fulmar body condition, identify cephalopod diet to species, enumerate and weigh ingested plastic, and determine if prey number and size were correlated with ingested plastics in beach-cast fulmars wintering in Monterey Bay California (2003, n=178: 2007, n=185). Fulmars consumed mostly Gonatus pyros, G. onyx, and G. californiensis of similar size for both years. We found a significant negative correlation between pectoral muscle index and average size of cephalopod beaks per stomach; a significant increase in plastic categories between 2003 and 2007; and no significant correlation between number and mass of plastic compared with number and size of prey for either year. Copyright © 2014 Elsevier Ltd. All rights reserved.

  12. Cold seeps in Monterey Bay, California: Geochemistry of pore waters and relationship to benthic foraminiferal calcite

    Energy Technology Data Exchange (ETDEWEB)

    Gieskes, Joris, E-mail: jgieskes@ucsd.edu [Scripps Institution of Oceanography, IOD-0208, 9500 Gilman Drive, La Jolla, CA 92093-0208 (United States); Rathburn, Anthony E. [Scripps Institution of Oceanography, IOD-0208, 9500 Gilman Drive, La Jolla, CA 92093-0208 (United States)] [Indiana State University, Department of Earth and Environmental Systems, Terre Haute, IN 47809 (United States); Martin, Jonathan B. [University of Florida, Department of Geological Sciences, Gainesville, FL 32611-2120 (United States); Perez, M. Elena [Indiana State University, Department of Earth and Environmental Systems, Terre Haute, IN 47809 (United States)] [The Natural History Museum, Department of Palaeontology, Cromwell Road, London SW7 5BD (United Kingdom); Mahn, Chris [Scripps Institution of Oceanography, IOD-0208, 9500 Gilman Drive, La Jolla, CA 92093-0208 (United States); Bernhard, Joan M. [Woods Hole Oceanographic Institution, Geology and Geophysics Department, MS52, Woods Hole, MA 02543 (United States); Day, Shelley [University of Florida, Department of Geological Sciences, Gainesville, FL 32611-2120 (United States)

    2011-05-15

    Highlights: > We describe the geochemistry of pore waters in the Clam Flats area of Monterey Bay. > The geochemical data are compared with the {delta}{sup 13}C chemistry of benthic foraminifera. > Living foraminifera indicate little effects of pore water low {delta}{sup 13}C (DIC) in the clam bed. > This phenomenon and its implications are discussed in detail. > Implications with regards to paleo-methane seepage are discussed. - Abstract: An extensive geochemical and biogeochemical examination of CH{sub 4} seeps in the Clam Flats area of Monterey Bay provides insight into the character of relationships between seep geochemistry and benthic foraminiferal geochemistry. The area is characterized by sulfide-rich fluids. Sulfide increases are associated with large increases in alkalinity, as well as small decreases in dissolved Ca and Mg. In addition, only small increases in NH{sub 4} are observed, but values of {delta}{sup 13}C of dissolved inorganic C are as low as -60 per mille at shallow depths (<3 cm). These observations indicate that all these processes are related to the bacterial oxidation of CH{sub 4}, which is transported upward by slow seepage of pore fluids. The geochemistry of the pore fluids should be relevant to the geochemistry of the carbonate tests of living and dead foraminifera. However, a profound disequilibrium of approximately an order of magnitude occurs between the {delta}{sup 13}C values of stained (cytoplasm-containing) foraminiferal carbonate and the C isotope values of ambient pore water dissolved inorganic C. Reasons are unclear for this isotopic disequilibrium, but have important implications for interpretations of foraminiferal carbonate as a paleoenvironmental proxy. Much fine scale work is needed to fully understand the relationships between the biogeochemistry of benthic foraminifera and the geochemistry of the pore waters where they live.

  13. Multi-scale responses of scattering layers to environmental variability in Monterey Bay, California

    Science.gov (United States)

    Urmy, Samuel S.; Horne, John K.

    2016-07-01

    A 38 kHz upward-facing echosounder was deployed on the seafloor at a depth of 875 m in Monterey Bay, CA, USA (36° 42.748‧N, 122° 11.214‧W) from 27 February 2009 to 18 August 2010. This 18-month record of acoustic backscatter was compared to oceanographic time series from a nearby data buoy to investigate the responses of animals in sound-scattering layers to oceanic variability at seasonal and sub-seasonal time scales. Pelagic animals, as measured by acoustic backscatter, moved higher in the water column and decreased in abundance during spring upwelling, attributed to avoidance of a shoaling oxycline and advection offshore. Seasonal changes were most evident in a non-migrating scattering layer near 500 m depth that disappeared in spring and reappeared in summer, building to a seasonal maximum in fall. At sub-seasonal time scales, similar responses were observed after individual upwelling events, though they were much weaker than the seasonal relationship. Correlations of acoustic backscatter with oceanographic variability also differed with depth. Backscatter in the upper water column decreased immediately following upwelling, then increased approximately 20 days later. Similar correlations existed deeper in the water column, but at increasing lags, suggesting that near-surface productivity propagated down the water column at 10-15 m d-1, consistent with sinking speeds of marine snow measured in Monterey Bay. Sub-seasonal variability in backscatter was best correlated with sea-surface height, suggesting that passive physical transport was most important at these time scales.

  14. Cold seeps in Monterey Bay, California: Geochemistry of pore waters and relationship to benthic foraminiferal calcite

    International Nuclear Information System (INIS)

    Gieskes, Joris; Rathburn, Anthony E.; Martin, Jonathan B.; Perez, M. Elena; Mahn, Chris; Bernhard, Joan M.; Day, Shelley

    2011-01-01

    Highlights: → We describe the geochemistry of pore waters in the Clam Flats area of Monterey Bay. → The geochemical data are compared with the δ 13 C chemistry of benthic foraminifera. → Living foraminifera indicate little effects of pore water low δ 13 C (DIC) in the clam bed. → This phenomenon and its implications are discussed in detail. → Implications with regards to paleo-methane seepage are discussed. - Abstract: An extensive geochemical and biogeochemical examination of CH 4 seeps in the Clam Flats area of Monterey Bay provides insight into the character of relationships between seep geochemistry and benthic foraminiferal geochemistry. The area is characterized by sulfide-rich fluids. Sulfide increases are associated with large increases in alkalinity, as well as small decreases in dissolved Ca and Mg. In addition, only small increases in NH 4 are observed, but values of δ 13 C of dissolved inorganic C are as low as -60 per mille at shallow depths ( 4 , which is transported upward by slow seepage of pore fluids. The geochemistry of the pore fluids should be relevant to the geochemistry of the carbonate tests of living and dead foraminifera. However, a profound disequilibrium of approximately an order of magnitude occurs between the δ 13 C values of stained (cytoplasm-containing) foraminiferal carbonate and the C isotope values of ambient pore water dissolved inorganic C. Reasons are unclear for this isotopic disequilibrium, but have important implications for interpretations of foraminiferal carbonate as a paleoenvironmental proxy. Much fine scale work is needed to fully understand the relationships between the biogeochemistry of benthic foraminifera and the geochemistry of the pore waters where they live.

  15. MOBB: a permanent ocean floor broadband seismic observatory in Monterey Bay, California

    Science.gov (United States)

    Uhrhammer, R.; Romanowicz, B.; Stakes, D.; Neuhauser, D.; McGill, P.; Ramirez, T.

    2003-04-01

    The Monterey ocean bottom broadband station (MOBB) was installed on the seafloor in Monterey Bay, 40 km offshore, and at a depth of 1000m from the sea surface, on April 9-11, 2002. Its success capitalizes on the experience gained in the 1997 International MOISE experiment, conducted under similar conditions. The deployment took place during 3 dives on consecutive days and made use of MBARI's Point Lobos ship and ROV Ventana. The station is currently recording data autonomously. Eventually, it will be linked to the planned (and recently funded) MARS (Monterey Accelerated Research System; \\url {http://www.mbari.org/mars/}) cable and provide real-time, continuous seismic data to be merged with the rest of the northern California real-time seismic system. The data are archived at the NCEDC for on-line availability, as part of the Berkeley Digital Seismic Network (BDSN). The ocean-bottom MOBB station currently comprises a three-component seismometer package, a current-meter, a DPG, and recording and battery packages. The seismic package contains a low-power (2.2W), three-component CMG-1T broadband seismometer system, built by Guralp, Inc., with a three-component 24-bit digitizer, a leveling system, and a precision clock. The seismometer package is mounted on a cylindrical titanium pressure vessel 54cm in height and 41 cm in diameter, custom built by the MBARI team and outfitted for underwater connection. Data recovery dives, during which the recording and battery package will be exchanged are planned every three months for the next 3 years. Three such dives have already taken place, on 06/27/02, 09/20/02 and on 01/07/03. Due to a software problem, data were lost during the time period 07/01/02 and 09/20/02. Many regional and teleseismic earthquakes have been well recorded and the mass position signals indicate that the instruments have progressively settled. Preliminary analysis of data retrieved during the 2002 summer and winter dives will be presented. In particular

  16. Seismic stratigraphy and late Quaternary shelf history, south-central Monterey Bay, California

    Science.gov (United States)

    Chin, J.L.; Clifton, H.E.; Mullins, H.T.

    1988-01-01

    The south-central Monterey Bay shelf is a high-energy, wave-dominated, tectonically active coastal region on the central California continental margin. A prominent feature of this shelf is a sediment lobe off the mouth of the Salinas River that has surface expression. High-resolution seismic-reflection profiles reveal that an angular unconformity (Quaternary?) underlies the entire shelf and separates undeformed strata above it from deformed strata below it. The Salinas River lobe is a convex bulge on the shelf covering an area of approximately 72 km2 in water depths from 10 to 90 m. It reaches a maximum thickness of 35 m about 2.5 km seaward of the river mouth and thins in all directions away from this point. Adjacent shelf areas are characterized by only a thin (2 to 5 m thick) and uniform veneer of sediment. Acoustic stratigraphy of the lobe is complex and is characterized by at least three unconformity-bounded depositional sequences. Acoustically, these sequences are relatively well bedded. Acoustic foresets occur within the intermediate sequence and dip seaward at 0.7?? to 2.0??. Comparison with sedimentary sequences in uplifted onshore Pleistocene marine-terrace deposits of the Monterey Bay area, which were presumably formed in a similar setting under similar processes, suggests that a general interpretation can be formulated for seismic stratigraphic patterns. Depositional sequences are interpreted to represent shallowing-upwards progradational sequences of marine to nonmarine coastal deposits formed during interglacial highstands and/or during early stages of falling sea level. Acoustic foresets within the intermediate sequence are evidence of seaward progradation. Acoustic unconformities that separate depositional sequences are interpreted as having formed largely by shoreface planation and may be the only record of the intervening transgressions. The internal stratigraphy of the Salinas River lobe thus suggests that at least several late Quaternary

  17. The last 1000 years of ocean change in Monterey Bay, California: insights from the marine sedimentary record

    Science.gov (United States)

    Schwartz, V.; Addison, J. A.; Carlin, J.; Wagner, A. J.; Barron, J. A.

    2017-12-01

    In Monterey Bay, seasonal upwelling of cold nutrient-rich waters from the California Current sustains a diverse and abundant marine phytoplankton community, serving as the base of the local marine ecosystem, and contributing to atmospheric CO2 fixation. The response of this productive area to future climate change remains uncertain, thus this study looks to examine the Monterey Bay sediment record over the last millennia to provide perspective on future changes. To accomplish this, we examined biogenic sediment as a proxy for upwelling. While there is no existing sea surface temperature (SST) record for this time frame in Monterey Bay as an independent proxy of upwelling, we compare our data against the Santa Barbara Basin (SBB) alkenone SST record, and the global PAGES Ocean2K SST synthesis products to examine variability associated with the Medieval Climate Anomaly (MCA), the Little Ice Age (LIA), and the recent onset of industrial-era warming. Utilizing a pair of newly acquired sediment cores from the southern nearshore sector of Monterey Bay, PS1410-08GC (36.42°N, 121.54°W, depth 85 m) and PS1410-09GC (36.46°N, 121.51°W, depth 71 m), we performed sedimentological and geochemical analyses including multi-sensor core logging, computerized tomography (CT) scans, X-ray fluorescence (XRF), biogenic silica (opal), and HCNS elemental analysis. Age control for each core was determined by linearly interpolating basal 14C dates, and both sites represent high sedimentation rate areas (PS1410-08GC: 0.75 mm/yr, PS1410-09GC: 1.2 mm/yr). Despite being from a highly productive region, both cores contain relatively low concentrations of TOC, opal, and CaCO3, with total mean biogenic fractions of 7.38% and 6.67% for PS1410-08GC and -09GC, respectively, indicating significant terrigenous input throughout both records. Both cores show a decrease in bulk density and an increase in biogenic material from the MCA into the LIA at 1500 CE. A sharp increase in Monterey Bay bulk

  18. Electrical Resistivity Imaging of Seawater Intrusion into the Monterey Bay Aquifer System.

    Science.gov (United States)

    Pidlisecky, A; Moran, T; Hansen, B; Knight, R

    2016-03-01

    We use electrical resistivity tomography to obtain a 6.8-km electrical resistivity image to a depth of approximately 150 m.b.s.l. along the coast of Monterey Bay. The resulting image is used to determine the subsurface distribution of saltwater- and freshwater-saturated sediments and the geologic controls on fluid distributions in the region. Data acquisition took place over two field seasons in 2011 and 2012. To maximize our ability to image both vertical and horizontal variations in the subsurface, a combination of dipole-dipole, Wenner, Wenner-gamma, and gradient measurements were made, resulting in a large final dataset of approximately 139,000 data points. The resulting resistivity section extends to a depth of 150 m.b.s.l., and is used, in conjunction with the gamma logs from four coastal monitoring wells to identify four dominant lithologic units. From these data, we are able to infer the existence of a contiguous clay layer in the southern portion of our transect, which prevents downward migration of the saltwater observed in the upper 25 m of the subsurface to the underlying freshwater aquifer. The saltwater and brackish water in the northern portion of the transect introduce the potential for seawater intrusion into the hydraulically connected freshwater aquifer to the south, not just from the ocean, but also laterally from north to south. © 2015, National Ground Water Association.

  19. Imaging Saltwater Intrusion Along the Coast of Monterey Bay Using Long-Offset Electrical Resistivity Tomography

    Science.gov (United States)

    Goebel, M.; Knight, R. J.; Pidlisecky, A.

    2016-12-01

    Coastal regions represent a complex dynamic interface where saltwater intrusion moves seawater landward and groundwater discharge moves freshwater seaward. These processes can have a dramatic impact on water quality, affecting both humans and coastal ecosystems. The ability to map the subsurface distribution of fresh and salt water is a critical step in predicting and managing water quality in coastal regions. This is commonly accomplished using wells, which are expensive and provide point information, which may fail to capture the spatial complexity in subsurface conditions. We present an alternate method for acquiring data, long-offset Electrical Resistivity Tomography (ERT), which is non-invasive, cost effective, and can address the problem of poor spatial sampling. This geophysical method can produce continuous profiles of subsurface electrical resistivity to a depth of 300 m, with spatial resolution on the order of tens of meters. Our research focuses on the Monterey Bay region, where sustained groundwater extraction over the past century has led to significant saltwater intrusion. ERT was acquired along 40 kilometers of the coast using the roll along method, allowing for continuous overlap in data acquisition. Electrodes were spaced every 22.2 m, with a total of 81 electrodes along the 1.8 km active cable length. The data show a complex distribution of fresh and salt water, influenced by geology, groundwater pumping, recharge, and land-use. While the inverted ERT resistivity profiles correspond well with existing data sets and geologic interpretations in the region, the spatial complexity revealed through the ERT data goes beyond what is known from traditional data sources alone. This leads us to conclude that this form of data can be extremely useful in informing and calibrating groundwater flow models, making targeted management decisions, and monitoring changes in subsurface salinities over time.

  20. Biomonitoring of marine vertebrates in Monterey Bay using eDNA metabarcoding.

    Directory of Open Access Journals (Sweden)

    Elizabeth A Andruszkiewicz

    Full Text Available Molecular analysis of environmental DNA (eDNA can be used to assess vertebrate biodiversity in aquatic systems, but limited work has applied eDNA technologies to marine waters. Further, there is limited understanding of the spatial distribution of vertebrate eDNA in marine waters. Here, we use an eDNA metabarcoding approach to target and amplify a hypervariable region of the mitochondrial 12S rRNA gene to characterize vertebrate communities at 10 oceanographic stations spanning 45 km within the Monterey Bay National Marine Sanctuary (MBNMS. In this study, we collected three biological replicates of small volume water samples (1 L at 2 depths at each of the 10 stations. We amplified fish mitochondrial DNA using a universal primer set. We obtained 5,644,299 high quality Illumina sequence reads from the environmental samples. The sequence reads were annotated to the lowest taxonomic assignment using a bioinformatics pipeline. The eDNA survey identified, to the lowest taxonomic rank, 7 families, 3 subfamilies, 10 genera, and 72 species of vertebrates at the study sites. These 92 distinct taxa come from 33 unique marine vertebrate families. We observed significantly different vertebrate community composition between sampling depths (0 m and 20/40 m deep across all stations and significantly different communities at stations located on the continental shelf (200 m bottom depth. All but 1 family identified using eDNA metabarcoding is known to occur in MBNMS. The study informs the implementation of eDNA metabarcoding for vertebrate biomonitoring.

  1. Groundwater quality in the shallow aquifers of the Monterey Bay, Salinas Valley, and adjacent highland areas, California

    Science.gov (United States)

    Burton, Carmen

    2018-05-30

    Groundwater provides more than 40 percent of California’s drinking water. To protect this vital resource, the State of California created the Groundwater Ambient Monitoring and Assessment (GAMA) Program. The Priority Basin Project of the GAMA Program provides a comprehensive assessment of the State’s groundwater quality and increases public access to groundwater-quality information. The shallow aquifers of the groundwater basins around Monterey Bay, the Salinas Valley, and the highlands adjacent to the Salinas Valley constitute one of the study units.

  2. Application of the Hyperspectral Imager for the Coastal Ocean to Phytoplankton Ecology Studies in Monterey Bay, CA, USA

    Directory of Open Access Journals (Sweden)

    John P. Ryan

    2014-01-01

    Full Text Available As a demonstrator for technologies for the next generation of ocean color sensors, the Hyperspectral Imager for the Coastal Ocean (HICO provides enhanced spatial and spectral resolution that is required to understand optically complex aquatic environments. In this study we apply HICO, along with satellite remote sensing and in situ observations, to studies of phytoplankton ecology in a dynamic coastal upwelling environment—Monterey Bay, CA, USA. From a spring 2011 study, we examine HICO-detected spatial patterns in phytoplankton optical properties along an environmental gradient defined by upwelling flow patterns and along a temporal gradient of upwelling intensification. From a fall 2011 study, we use HICO’s enhanced spatial and spectral resolution to distinguish a small-scale “red tide” bloom, and we examine bloom expansion and its supporting processes using other remote sensing and in situ data. From a spectacular HICO image of the Monterey Bay region acquired during fall of 2012, we present a suite of algorithm results for characterization of phytoplankton, and we examine the strengths, limitations, and distinctions of each algorithm in the context of the enhanced spatial and spectral resolution.

  3. Deep-sea faunal communities associated with a lost intermodal shipping container in the Monterey Bay National Marine Sanctuary, CA.

    Science.gov (United States)

    Taylor, Josi R; DeVogelaere, Andrew P; Burton, Erica J; Frey, Oren; Lundsten, Lonny; Kuhnz, Linda A; Whaling, P J; Lovera, Christopher; Buck, Kurt R; Barry, James P

    2014-06-15

    Carrying assorted cargo and covered with paints of varying toxicity, lost intermodal containers may take centuries to degrade on the deep seafloor. In June 2004, scientists from Monterey Bay Aquarium Research Institute (MBARI) discovered a recently lost container during a Remotely Operated Vehicle (ROV) dive on a sediment-covered seabed at 1281 m depth in Monterey Bay National Marine Sanctuary (MBNMS). The site was revisited by ROV in March 2011. Analyses of sediment samples and high-definition video indicate that faunal assemblages on the container's exterior and the seabed within 10 m of the container differed significantly from those up to 500 m. The container surface provides hard substratum for colonization by taxa typically found in rocky habitats. However, some key taxa that dominate rocky areas were absent or rare on the container, perhaps related to its potential toxicity or limited time for colonization and growth. Ecological effects appear to be restricted to the container surface and the benthos within ∼10 m. Copyright © 2014 The Authors. Published by Elsevier Ltd.. All rights reserved.

  4. The elements of a consumer-based initiative in contributing to positive environmental change: Monterey Bay Aquarium's Seafood Watch program.

    Science.gov (United States)

    Kemmerly, Jennifer Dianto; Macfarlane, Victoria

    2009-09-01

    Monterey Bay Aquarium launched the Seafood Watch program in 2000. The program's Seafood Watch pocket guide is a simple tool that visitors can use to identify seafood from environmentally responsible sources. Since its inception, more than 2 million pocket guides have been distributed to Monterey Bay Aquarium visitors and 20 million have been distributed through partnerships across the United States. Partner institutions such as aquariums, conservation organizations, and businesses also conduct outreach and are working to influence their local seafood purveyors. An evaluation conducted in 2003 and 2004 assessed the program's strategies for increasing awareness and shifting consumer buying habits as they relate to sustainable seafood, including use of the pocket guide. Visitors who picked up pocket guides were surveyed immediately after their aquarium visit, and again four months later. The evaluation found that most visitors continued to use the guides and had changed their seafood buying habits in several respects. Those interviewed also reported some barriers to using the guides. The elements that appear to be critical to the success of the strategy with respect to changing consumer purchasing habits include: a focused distribution approach; providing credible and specific information on problems and solutions to increase action-related knowledge; providing a trigger or prompt that is available at the time of purchase; and reducing barriers to action, at the point of action, by working with seafood purveyors and the broader sustainable seafood movement to increase knowledge and available options. In response to the evaluation, Seafood Watch has strengthened these elements and expanded to help meet the needs of the broader sustainable seafood movement. A process of strategic planning, evaluation, cooperation among partners, and adaptability to the movement's natural evolution has proven to be critical to the program's success in contributing to the development of a

  5. Correction: Ryan, J., et al. Application of the Hyperspectral Imager for the Coastal Ocean to Phytoplankton Ecology Studies in Monterey Bay, CA, USA. Remote Sens. 2014, 6, 1007–1025

    Directory of Open Access Journals (Sweden)

    Marcos J. Montes

    2015-10-01

    Full Text Available Studies of phytoplankton ecology in Monterey Bay, CA, USA, using the Hyperspectral Imager for the Coastal Ocean (HICO and other satellite remote sensing and in-situ observations, were presented in [1]. [...

  6. Connecting an Ocean-Bottom Broadband Seismometer to a Seafloor Cabled Observatory: A Prototype System in Monterey Bay

    Science.gov (United States)

    McGill, P.; Neuhauser, D.; Romanowicz, B.

    2008-12-01

    The Monterey Ocean-Bottom Broadband (MOBB) seismic station was installed in April 2003, 40 km offshore from the central coast of California at a seafloor depth of 1000 m. It comprises a three-component broadband seismometer system (Guralp CMG-1T), installed in a hollow PVC caisson and buried under the seafloor; a current meter; and a differential pressure gauge. The station has been operating continuously since installation with no connection to the shore. Three times each year, the station is serviced with the aid of a Remotely Operated Vehicle (ROV) to change the batteries and retrieve the seismic data. In February 2009, the MOBB system will be connected to the Monterey Accelerated Research System (MARS) seafloor cabled observatory. The NSF-funded MARS observatory comprises a 52 km electro-optical cable that extends from a shore facility in Moss Landing out to a seafloor node in Monterey Bay. Once installation is completed in November 2008, the node will provide power and data to as many as eight science experiments through underwater electrical connectors. The MOBB system is located 3 km from the MARS node, and the two will be connected with an extension cable installed by an ROV with the aid of a cable-laying toolsled. The electronics module in the MOBB system is being refurbished to support the connection to the MARS observatory. The low-power autonomous data logger has been replaced with a PC/104 computer stack running embedded Linux. This new computer will run an Object Ring Buffer (ORB), which will collect data from the various MOBB sensors and forward it to another ORB running on a computer at the MARS shore station. There, the data will be archived and then forwarded to a third ORB running at the UC Berkeley Seismological Laboratory. Timing will be synchronized among MOBB's multiple acquisition systems using NTP, GPS clock emulation, and a precise timing signal from the MARS cable. The connection to the MARS observatory will provide real-time access to

  7. Preparing to predict: The Second Autonomous Ocean Sampling Network (AOSN-II) experiment in the Monterey Bay

    Science.gov (United States)

    Ramp, S. R.; Davis, R. E.; Leonard, N. E.; Shulman, I.; Chao, Y.; Robinson, A. R.; Marsden, J.; Lermusiaux, P. F. J.; Fratantoni, D. M.; Paduan, J. D.; Chavez, F. P.; Bahr, F. L.; Liang, S.; Leslie, W.; Li, Z.

    2009-02-01

    The Autonomous Ocean Sampling Network Phase Two (AOSN-II) experiment was conducted in and offshore from the Monterey Bay on the central California coast during July 23-September 6, 2003. The objective of the experiment was to learn how to apply new tools, technologies, and analysis techniques to adaptively sample the coastal ocean in a manner demonstrably superior to traditional methodologies, and to use the information gathered to improve predictive skill for quantities of interest to end-users. The scientific goal was to study the upwelling/relaxation cycle near an open coastal bay in an eastern boundary current region, particularly as it developed and spread from a coastal headland. The suite of observational tools used included a low-flying aircraft, a fleet of underwater gliders, including several under adaptive autonomous control, and propeller-driven AUVs in addition to moorings, ships, and other more traditional hardware. The data were delivered in real time and assimilated into the Harvard Ocean Prediction System (HOPS), the Navy Coastal Ocean Model (NCOM), and the Jet Propulsion Laboratory implementation of the Regional Ocean Modeling System (JPL/ROMS). Two upwelling events and one relaxation event were sampled during the experiment. The upwelling in both cases began when a pool of cold water less than 13 °C appeared near Cape Año Nuevo and subsequently spread offshore and southward across the bay as the equatorward wind stress continued. The primary difference between the events was that the first event spread offshore and southward, while the second event spread only southward and not offshore. The difference is attributed to the position and strength of meanders and eddies of the California Current System offshore, which blocked or steered the cold upwelled water. The space and time scales of the mesoscale variability were much shorter than have been previously observed in deep-water eddies offshore. Additional process studies are needed to elucidate

  8. Biomass and Carbon Stocks of Sofala Bay Mangrove Forests

    Directory of Open Access Journals (Sweden)

    Almeida A. Sitoe

    2014-08-01

    Full Text Available Mangroves could be key ecosystems in strategies addressing the mitigation of climate changes through carbon storage. However, little is known regarding the carbon stocks of these ecosystems, particularly below-ground. This study was carried out in the mangrove forests of Sofala Bay, Central Mozambique, with the aim of quantifying carbon stocks of live and dead plant and soil components. The methods followed the procedures developed by the Center for International Forestry Research (CIFOR for mangrove forests. In this study, we developed a general allometric equation to estimate individual tree biomass and soil carbon content (up to 100 cm depth. We estimated the carbon in the whole mangrove ecosystem of Sofala Bay, including dead trees, wood debris, herbaceous, pneumatophores, litter and soil. The general allometric equation for live trees derived was [Above-ground tree dry weight (kg = 3.254 × exp(0.065 × DBH], root mean square error (RMSE = 4.244, and coefficient of determination (R2 = 0.89. The average total carbon storage of Sofala Bay mangrove was 218.5 Mg·ha−1, of which around 73% are stored in the soil. Mangrove conservation has the potential for REDD+ programs, especially in regions like Mozambique, which contains extensive mangrove areas with high deforestation and degradation rates.

  9. Suspended particulate layers and internal waves over the southern Monterey Bay continental shelf: an important control on shelf mud belts?

    Science.gov (United States)

    Cheriton, Olivia M.; McPhee-Shaw, Erika E.; Shaw, William J.; Stanton, Timothy P.; Bellingham, James G.; Storlazzi, Curt D.

    2014-01-01

    Physical and optical measurements taken over the mud belt on the southern continental shelf of Monterey Bay, California documented the frequent occurrence of suspended particulate matter features, the majority of which were detached from the seafloor, centered 9–33 m above the bed. In fall 2011, an automated profiling mooring and fixed instrumentation, including a thermistor chain and upward-looking acoustic Doppler current profiler, were deployed at 70 m depth for 5 weeks, and from 12 to 16 October a long-range autonomous underwater vehicle performed across-shelf transects. Individual SPM events were uncorrelated with local bed shear stress caused by surface waves and bottom currents. Nearly half of all observed SPM layers occurred during 1 week of the study, 9–16 October 2011, and were advected past the fixed profiling mooring by the onshore phase of semidiurnal internal tide bottom currents. At the start of the 9–16 October period, we observed intense near-bed vertical velocities capable of lifting particulates into the middle of the water column. This “updraft” event appears to have been associated with nonlinear adjustment of high-amplitude internal tides over the mid and outer shelf. These findings suggest that nonlinear internal tidal motions can erode material over the outer shelf and that, once suspended, this SPM can then be transported shoreward to the middle and shallow sections of the mud belt. This represents a fundamental broadening of our understanding of how shelf mud belts may be built up and sustained.

  10. Long-term cliff retreat and erosion hotspots along the central shores of the Monterey Bay National Marine Sanctuary

    Science.gov (United States)

    Moore, Laura J.; Griggs, Gary B.

    2002-01-01

    Quantification of cliff retreat rates for the southern half of Santa Cruz County, CA, USA, located within the Monterey Bay National Marine Sanctuary, using the softcopy/geographic information system (GIS) methodology results in average cliff retreat rates of 7–15 cm/yr between 1953 and 1994. The coastal dunes at the southern end of Santa Cruz County migrate seaward and landward through time and display net accretion between 1953 and 1994, which is partially due to development. In addition, three critically eroding segments of coastline with high average erosion rates ranging from 20 to 63 cm/yr are identified as erosion ‘hotspots’. These locations include: Opal Cliffs, Depot Hill and Manresa. Although cliff retreat is episodic, spatially variable at the scale of meters, and the factors affecting cliff retreat vary along the Santa Cruz County coastline, there is a compensation between factors affecting retreat such that over the long-term the coastline maintains a relatively smooth configuration. The softcopy/GIS methodology significantly reduces errors inherent in the calculation of retreat rates in high-relief areas (e.g. erosion rates generated in this study are generally correct to within 10 cm) by removing errors due to relief displacement. Although the resulting root mean squared error for erosion rates is relatively small, simple projections of past erosion rates are inadequate to provide predictions of future cliff position. Improved predictions can be made for individual coastal segments by using a mean erosion rate and the standard deviation as guides to future cliff behavior in combination with an understanding of processes acting along the coastal segments in question. This methodology can be applied on any high-relief coast where retreat rates can be measured.

  11. Variability of the internal tide on the southern Monterey Bay continental shelf and associated bottom boundary layer sediment transport

    Science.gov (United States)

    Rosenberger, Kurt; Storlazzi, Curt; Cheriton, Olivia

    2016-01-01

    A 6-month deployment of instrumentation from April to October 2012 in 90 m water depth near the outer edge of the mid-shelf mud belt in southern Monterey Bay, California, reveals the importance regional upwelling on water column density structure, potentially accounting for the majority of the variability in internal tidal energy flux across the shelf. Observations consisted of time-series measurements of water-column currents, temperature and salinity, and near-bed currents and suspended matter. The internal tide accounted for 15–25% of the water-column current variance and the barotropic tide accounted for up to 35%. The subtidal flow showed remarkably little shear and was dominated by the 7–14 day band, which is associated with relaxations in the dominant equatorward winds typical of coastal California in the spring and summer. Upwelling and relaxation events resulted in strong near-bed flows and accounted for almost half of the current stress on the seafloor (not accounting for wave orbital velocities), and may have driven along-shelf geostrophic flow during steady state conditions. Several elevated suspended particulate matter (SPM) events occurred within 3 m of the bed and were generally associated with higher, long-period surface waves. However, these peaks in SPM did not coincide with the predicted resuspension events from the modeled combined wave–current shear stress, indicating that the observed SPM at our site was most likely resuspended elsewhere and advected along-isobath. Sediment flux was almost equal in magnitude in the alongshore and cross-shore directions. Instances of wave–current shear stress that exceeded the threshold of resuspension for the silty-clays common at these water depths only occurred when near-bed orbital velocities due to long-period surface waves coincided with vigorous near-bed currents associated with the internal tide or upwelling/relaxation events. Thus upwelling/relaxation dynamics are primarily responsible for

  12. Groundwater quality in the shallow aquifers of the Monterey Bay, Salinas Valley, and adjacent highland areas, Southern Coast Ranges, California

    Science.gov (United States)

    Burton, Carmen

    2018-05-30

    The Monterey-Salinas Shallow Aquifer study unit covers approximately 7,820 square kilometers (km2) in Santa Cruz, Monterey, and San Luis Obispo Counties in the Central Coast Hydrologic Region of California. The study unit was divided into four study areas—Santa Cruz, Pajaro Valley, Salinas Valley, and Highlands. More than 75 percent of the water used for drinking-water supply in the Central Coast Hydrologic Region of California is groundwater, and there are more than 8,000 well driller’s logs for domestic wells (California Department of Water Resources, 2013).

  13. Monterey Bay Geoid

    Science.gov (United States)

    1994-03-01

    thought to be a flat disk. The first scientific hypothesis that the earth was spherical is credited to Thales of Milet in 600 B.C. or Pythagoras in 550...acceleration can be integrated over the surface, by Gauss’s theorem and gives: 35 v1 Wv2 <v3 Figure 12. Equipotential Surfaces and Gravity: V,, V2, V3 are...continuous derivatives where they satisfy Laplace’s equation. Stokes’ theorem states that a harmonic function outside a surface is uniquely determined by

  14. Status and understanding of groundwater quality in the Monterey Bay and Salinas Valley Basins, 2005-California GAMA Priority Basin Project

    Science.gov (United States)

    Kulongoski, Justin T.; Belitz, Kenneth

    2011-01-01

    Groundwater quality in the approximately 1,000 square mile (2,590 km2) Monterey Bay and Salinas Valley Basins (MS) study unit was investigated as part of the Priority Basin Project of the Groundwater Ambient Monitoring and Assessment (GAMA) Program. The study unit is located in central California in Monterey, Santa Cruz, and San Luis Obispo Counties. The GAMA Priority Basin Project is being conducted by the California State Water Resources Control Board in collaboration with the U.S. Geological Survey (USGS) and the Lawrence Livermore National Laboratory. The GAMA MS study was designed to provide a spatially unbiased assessment of the quality of untreated (raw) groundwater in the primary aquifer systems (hereinafter referred to as primary aquifers). The assessment is based on water-quality and ancillary data collected in 2005 by the USGS from 97 wells and on water-quality data from the California Department of Public Health (CDPH) database. The primary aquifers were defined by the depth intervals of the wells listed in the CDPH database for the MS study unit. The quality of groundwater in the primary aquifers may be different from that in the shallower or deeper water-bearing zones; shallow groundwater may be more vulnerable to surficial contamination. The first component of this study, the status of the current quality of the groundwater resource, was assessed by using data from samples analyzed for volatile organic compounds (VOC), pesticides, and naturally occurring inorganic constituents, such as major ions and trace elements. This status assessment is intended to characterize the quality of groundwater resources in the primary aquifers of the MS study unit, not the treated drinking water delivered to consumers by water purveyors. Relative-concentrations (sample concentration divided by the health- or aesthetic-based benchmark concentration) were used for evaluating groundwater quality for those constituents that have Federal and (or) California regulatory or

  15. Currents, temperature, conductivity, pressure, sigma-theta, and attenuation data from moorings deployed in Monterey Bay from platforms WILLIAM A. MCGAW, NOAA Ship McARTHUR, and POINT SUR from 1995-05-16 to 1998-08-17 (NODC Accession 0067571)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Monterey Bay National Marine Sanctuary data were part of a large, multi-disciplinary experiment to characterize the Sanctuary's geologic environment. These data...

  16. Dissolved inorganic carbon, alkalinity, temperature, salinity and other variables collected from discrete sample and profile observations using CTD, bottle and other instruments from the THOMAS WASHINGTON in the Monterey Bay National Marine Sanctuary, North Pacific Ocean and South Pacific Ocean from 1991-05-31 to 1991-07-11 (NODC Accession 0115000)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — NODC Accession 0115000 includes chemical, discrete sample, physical and profile data collected from THOMAS WASHINGTON in the Monterey Bay National Marine Sanctuary,...

  17. Dynamics of sediment carbon stocks across intertidal wetland habitats of Moreton Bay, Australia.

    Science.gov (United States)

    Hayes, Matthew A; Jesse, Amber; Hawke, Bruce; Baldock, Jeff; Tabet, Basam; Lockington, David; Lovelock, Catherine E

    2017-10-01

    Coastal wetlands are known for high carbon storage within their sediments, but our understanding of the variation in carbon storage among intertidal habitats, particularly over geomorphological settings and along elevation gradients, is limited. Here, we collected 352 cores from 18 sites across Moreton Bay, Australia. We assessed variation in sediment organic carbon (OC) stocks among different geomorphological settings (wetlands within riverine settings along with those with reduced riverine influence located on tide-dominated sand islands), across elevation gradients, with distance from shore and among habitat and vegetation types. We used mid-infrared (MIR) spectroscopy combined with analytical data and partial least squares regression to quantify the carbon content of ~2500 sediment samples and provide fine-scale spatial coverage of sediment OC stocks to 150 cm depth. We found sites in river deltas had larger OC stocks (175-504 Mg/ha) than those in nonriverine settings (44-271 Mg/ha). Variation in OC stocks among nonriverine sites was high in comparison with riverine and mixed geomorphic settings, with sites closer to riverine outflow from the east and south of Moreton Bay having higher stocks than those located on the sand islands in the northwest of the bay. Sediment OC stocks increased with elevation within nonriverine settings, but not in riverine geomorphic settings. Sediment OC stocks did not differ between mangrove and saltmarsh habitats. OC stocks did, however, differ between dominant species across the research area and within geomorphic settings. At the landscape scale, the coastal wetlands of the South East Queensland catchments (17,792 ha) are comprised of approximately 4,100,000-5,200,000 Mg of sediment OC. Comparatively high variation in OC storage between riverine and nonriverine geomorphic settings indicates that the availability of mineral sediments and terrestrial derived OC may exert a strong influence over OC storage potential across

  18. Ground-Water Quality Data in the Monterey Bay and Salinas Valley Basins, California, 2005 - Results from the California GAMA Program

    Science.gov (United States)

    Kulongoski, Justin T.; Belitz, Kenneth

    2007-01-01

    Ground-water quality in the approximately 1,000-square-mile Monterey Bay and Salinas Valley study unit was investigated from July through October 2005 as part of the California Ground-Water Ambient Monitoring and Assessment (GAMA) program. The study was designed to provide a spatially unbiased assessment of raw ground-water quality, as well as a statistically consistent basis for comparing water quality throughout California. Samples were collected from 94 public-supply wells and 3 monitoring wells in Monterey, Santa Cruz, and San Luis Obispo Counties. Ninety-one of the public-supply wells sampled were selected to provide a spatially distributed, randomized monitoring network for statistical representation of the study area. Six wells were sampled to evaluate changes in water chemistry: three wells along a ground-water flow path were sampled to evaluate lateral changes, and three wells at discrete depths from land surface were sampled to evaluate changes in water chemistry with depth from land surface. The ground-water samples were analyzed for volatile organic compounds (VOCs), pesticides, pesticide degradates, nutrients, major and minor ions, trace elements, radioactivity, microbial indicators, and dissolved noble gases (the last in collaboration with Lawrence Livermore National Laboratory). Naturally occurring isotopes (tritium, carbon-14, helium-4, and the isotopic composition of oxygen and hydrogen) also were measured to help identify the source and age of the sampled ground water. In total, 270 constituents and water-quality indicators were investigated for this study. This study did not attempt to evaluate the quality of water delivered to consumers; after withdrawal from the ground, water typically is treated, disinfected, and (or) blended with other waters to maintain water quality. In addition, regulatory thresholds apply to treated water that is served to the consumer, not to raw ground water. In this study, only six constituents, alpha radioactivity, N

  19. Preparing to Predict: The Second Autonomous Ocean Sampling Network (AOSN-II) Experiment in the Monterey Bay

    Science.gov (United States)

    2008-06-06

    MBARI buoy M2, profiling to 250 m depth (Figure 1). Instruments on board included a CTD, fluorometer, oxygen and nitrate sensors, bioluminescence, and...dimensional multiscale ocean variability: Massachusetts Bay. Journal of Marine Systems, Special issue on “Three-dimensional ocean circulation: Lagrangian...Oceanography”, T. Paluszkiewicz and S. Harper, Eds., Vol. 19, 1, 172-183. Liang, X.S. and Anderson, D.G.M. (2007) Multiscale Window Transform, SIAM J

  20. Analysis of a viral metagenomic library from 200 m depth in Monterey Bay, California constructed by direct shotgun cloning

    OpenAIRE

    Preston Christina M; Steward Grieg F

    2011-01-01

    Abstract Background Viruses have a profound influence on both the ecology and evolution of marine plankton, but the genetic diversity of viral assemblages, particularly those in deeper ocean waters, remains poorly described. Here we report on the construction and analysis of a viral metagenome prepared from below the euphotic zone in a temperate, eutrophic bay of coastal California. Methods We purified viruses from approximately one cubic meter of seawater collected from 200m depth in Montere...

  1. Lack of seasonality in phytoplankton standing stock (chlorophyll a) and production in the western Bay of Bengal

    Digital Repository Service at National Institute of Oceanography (India)

    Madhu, N.V.; Jyothibabu, R.; Maheswaran, P.A.; Gerson, V.J.; Gopalakrishnan, T.C.; Nair, K.K.C.

    The investigations in the western Bay of Bengal (BoB) during summer, winter and spring intermonsoon periods evidenced lack of pronounced seasonal variation in phytoplankton standing stock (chlorophyll a) and primary production. The supply...

  2. Managing small-scale commercial fisheries for adaptive capacity: insights from dynamic social-ecological drivers of change in Monterey Bay.

    Science.gov (United States)

    Aguilera, Stacy E; Cole, Jennifer; Finkbeiner, Elena M; Le Cornu, Elodie; Ban, Natalie C; Carr, Mark H; Cinner, Joshua E; Crowder, Larry B; Gelcich, Stefan; Hicks, Christina C; Kittinger, John N; Martone, Rebecca; Malone, Daniel; Pomeroy, Carrie; Starr, Richard M; Seram, Sanah; Zuercher, Rachel; Broad, Kenneth

    2015-01-01

    Globally, small-scale fisheries are influenced by dynamic climate, governance, and market drivers, which present social and ecological challenges and opportunities. It is difficult to manage fisheries adaptively for fluctuating drivers, except to allow participants to shift effort among multiple fisheries. Adapting to changing conditions allows small-scale fishery participants to survive economic and environmental disturbances and benefit from optimal conditions. This study explores the relative influence of large-scale drivers on shifts in effort and outcomes among three closely linked fisheries in Monterey Bay since the Magnuson-Stevens Fisheries Conservation and Management Act of 1976. In this region, Pacific sardine (Sardinops sagax), northern anchovy (Engraulis mordax), and market squid (Loligo opalescens) fisheries comprise a tightly linked system where shifting focus among fisheries is a key element to adaptive capacity and reduced social and ecological vulnerability. Using a cluster analysis of landings, we identify four modes from 1974 to 2012 that are dominated (i.e., a given species accounting for the plurality of landings) by squid, sardine, anchovy, or lack any dominance, and seven points of transition among these periods. This approach enables us to determine which drivers are associated with each mode and each transition. Overall, we show that market and climate drivers are predominantly attributed to dominance transitions. Model selection of external drivers indicates that governance phases, reflected as perceived abundance, dictate long-term outcomes. Our findings suggest that globally, small-scale fishery managers should consider enabling shifts in effort among fisheries and retaining existing flexibility, as adaptive capacity is a critical determinant for social and ecological resilience.

  3. Seasonal and Inter-Annual Patterns of Phytoplankton Community Structure in Monterey Bay, CA Derived from AVIRIS Data During the 2013-2015 HyspIRI Airborne Campaign

    Science.gov (United States)

    Palacios, S. L.; Thompson, D. R.; Kudela, R. M.; Negrey, K.; Guild, L. S.; Gao, B. C.; Green, R. O.; Torres-Perez, J. L.

    2015-12-01

    There is a need in the ocean color community to discriminate among phytoplankton groups within the bulk chlorophyll pool to understand ocean biodiversity, to track energy flow through ecosystems, and to identify and monitor for harmful algal blooms. Imaging spectrometer measurements enable use of sophisticated spectroscopic algorithms for applications such as differentiating among coral species, evaluating iron stress of phytoplankton, and discriminating phytoplankton taxa. These advanced algorithms rely on the fine scale, subtle spectral shape of the atmospherically corrected remote sensing reflectance (Rrs) spectrum of the ocean surface. As a consequence, these algorithms are sensitive to inaccuracies in the retrieved Rrs spectrum that may be related to the presence of nearby clouds, inadequate sensor calibration, low sensor signal-to-noise ratio, glint correction, and atmospheric correction. For the HyspIRI Airborne Campaign, flight planning considered optimal weather conditions to avoid flights with significant cloud/fog cover. Although best suited for terrestrial targets, the Airborne Visible/Infrared Imaging Spectrometer (AVIRIS) has enough signal for some coastal chlorophyll algorithms and meets sufficient calibration requirements for most channels. However, the coastal marine environment has special atmospheric correction needs due to error that may be introduced by aerosols and terrestrially sourced atmospheric dust and riverine sediment plumes. For this HyspIRI campaign, careful attention has been given to the correction of AVIRIS imagery of the Monterey Bay to optimize ocean Rrs retrievals for use in estimating chlorophyll (OC3 algorithm) and phytoplankton functional type (PHYDOTax algorithm) data products. This new correction method has been applied to several image collection dates during two oceanographic seasons - upwelling and the warm, stratified oceanic period for 2013 and 2014. These two periods are dominated by either diatom blooms (occasionally

  4. Population size and yield of Baffin Bay beluga (Delphinapterus leucas stocks

    Directory of Open Access Journals (Sweden)

    Stuart Innes

    2002-07-01

    Full Text Available A surplus production model within a Sampling, Importance Resampling (SIR Bayesian analysis was used to estimate stock sizes and yields of Baffin Bay belugas. The catch of belugas in West Greenland increased in 1968 and has remained well above sustainable rates. SIR analysis indicated a decline of about 50% between 1981 and 1994, with a credibility interval that included a previous estimate of 62%. The estimated stock sizes of belugas wintering off West Greenland in 1998 and 1999 were approximately 5,100 and 4,100 respectively and were not significantly different than an estimate based on aerial surveys combined for both years. Projected to 1999 this stock can sustain median landings of 109 whales with a total kill of about 155, based on posterior estimates of struck and lost plus under-reporting. The declining stock size index series did not provide sufficient information to estimate the potential maximum rate of population growth, the number of whales struck and lost, or the shape of the production curve with precision. Estimating these parameters requires an index time series with a marked step change in catch or a series with increasing stock sizes. The stock size estimate for the belugas wintering in the North Water in 1999 was approximately 14,800 but there is no information about the population biology of these whales. The estimated maximum sustainable yield (landed for the North Water stock was 317 belugas.

  5. Sediment dynamics and the burial and exhumation of bedrock reefs along an emergent coastline as elucidated by repetitive sonar surveys: Northern Monterey Bay, CA

    Science.gov (United States)

    Storlazzi, C.D.; Fregoso, T.A.; Golden, N.E.; Finlayson, D.P.

    2011-01-01

    Two high-resolution bathymetric and acoustic backscatter sonar surveys were conducted along the energetic emergent inner shelf of northern Monterey Bay, CA, USA, in the fall of 2005 and the spring of 2006 to determine the impact of winter storm waves, beach erosion, and river floods on biologically-important siliclastic bedrock reef habitats. The surveys extended from water depths of 4 m to 22 m and covered an area of 3.14 km2, 45.8% of which was bedrock, gravel, and coarse-grained sand and 54.2% was fine-grained sand. Our analyses of the bathymetric and acoustic backscatter data demonstrates that during the 6 months between surveys, 11.4% of the study area was buried by fine-grained sand while erosion resulted in the exposure of bedrock or coarse-grained sand over 26.5% of the study area. The probability of burial decreased with increasing water depth and rugosity; the probability of exhumation increased with increasing wave-induced near-bed shear stress, seabed slope and rugosity. Much of the detected change was at the boundary between bedrock and unconsolidated sediment due to sedimentation and erosion burying or exhuming bedrock, respectively. In a number of cases, however, the change in seabed character was apparently due to changes in sediment grain size when scour exposed what appeared to be an underlying coarser-grained lag or the burial of coarser-grained sand and gravel by fine-grained sand. These findings suggest that, in some places, (a) burial and exhumation of nearshore bedrock reefs along rocky, energetic inner shelves occurs over seasonal timescales and appears related to intrinsic factors such as seabed morphology and extrinsic factors such as wave forces, and (b) single acoustic surveys typically employed for geologic characterization and/or habitat mapping may not adequately characterize the geomorphologic and sedimentologic nature of these types of environments that typify most of the Pacific Ocean and up to 50% of the world's coastlines.

  6. Short-term variability of 7Be atmospheric deposition and watershed response in a Pacific coastal stream, Monterey Bay, California, USA

    Science.gov (United States)

    Conaway, Christopher H.; Storlazzi, Curt D.; Draut, Amy E.; Swarzenski, Peter W.

    2013-01-01

    Beryllium-7 is a powerful and commonly used tracer for environmental processes such as watershed sediment provenance, soil erosion, fluvial and nearshore sediment cycling, and atmospheric fallout. However, few studies have quantified temporal or spatial variability of 7Be accumulation from atmospheric fallout, and parameters that would better define the uses and limitations of this geochemical tracer. We investigated the abundance and variability of 7Be in atmospheric deposition in both rain events and dry periods, and in stream surface-water samples collected over a ten-month interval at sites near northern Monterey Bay (37°N, 122°W) on the central California coast, a region characterized by a rainy winters, dry summers, and small mountainous streams with flashy hydrology. The range of 7Be activity in rainwater samples from the main sampling site was 1.3–4.4 Bq L−1, with a mean (±standard deviation) of 2.2 ± 0.9 Bq L−1, and a volume-weighted average of 2.0 Bq L−1. The range of wet atmospheric deposition was 18–188 Bq m−2 per rain event, with a mean of 72 ± 53 Bq m−2. Dry deposition fluxes of 7Be ranged from less than 0.01 up to 0.45 Bq m−2 d−1, with an estimated dry season deposition of 7 Bq m−2 month−1. Annualized 7Be atmospheric deposition was approximately 1900 Bq m−2 yr−1, with most deposition via rainwater (>95%) and little via dry deposition. Overall, these activities and deposition fluxes are similar to values found in other coastal locations with comparable latitude and Mediterranean-type climate. Particulate 7Be values in the surface water of the San Lorenzo River in Santa Cruz, California, ranged from −1 to 0.6 Bq g−1, with a median activity of 0.26 Bq g−1. A large storm event in January 2010 characterized by prolonged flooding resulted in the entrainment of 7Be-depleted sediment, presumably from substantial erosion in the watershed. There were too few particulate 7Be data over the storm to accurately model a 7Be load

  7. The Dynamics, Ecological Variability and Estimated Carbon Stocks of Mangroves in Mahajamba Bay, Madagascar

    Directory of Open Access Journals (Sweden)

    Trevor G. Jones

    2015-08-01

    Full Text Available Mangroves are found throughout the tropics, providing critical ecosystem goods and services to coastal communities and supporting rich biodiversity. Globally, mangroves are being rapidly degraded and deforested at rates exceeding loss in many tropical inland forests. Madagascar contains around 2% of the global distribution, >20% of which has been deforested since 1990, primarily from over-harvest for forest products and conversion for agriculture and aquaculture. While historically not prominent, mangrove loss in Madagascar’s Mahajamba Bay is increasing. Here, we focus on Mahajamba Bay, presenting long-term dynamics calculated using United States Geological Survey (USGS national-level mangrove maps contextualized with socio-economic research and ground observations, and the results of contemporary (circa 2011 mapping of dominant mangrove types. The analysis of the USGS data indicated 1050 hectares (3.8% lost from 2000 to 2010, which socio-economic research suggests is increasingly driven by commercial timber extraction. Contemporary mapping results permitted stratified sampling based on spectrally distinct and ecologically meaningful mangrove types, allowing for the first-ever vegetation carbon stock estimates for Mahajamba Bay. The overall mean carbon stock across all mangrove classes was estimated to be 100.97 ± 10.49 Mg C ha−1. High stature closed-canopy mangroves had the highest average carbon stock estimate (i.e., 166.82 ± 15.28 Mg C ha−1. These estimates are comparable to other published values in Madagascar and elsewhere in the Western Indian Ocean and demonstrate the ecological variability of Mahajamba Bay’s mangroves and their value towards climate change mitigation.

  8. Genetic stock compositions and natal origin of green turtle (Chelonia mydas foraging at Brunei Bay

    Directory of Open Access Journals (Sweden)

    Juanita Joseph

    2016-04-01

    Full Text Available Knowledge of genetics composition and growth stages of endangered green turtles, as well as the connectivity between nesting and foraging grounds is important for effective conservation. A total of 42 green turtles were captured at Brunei Bay with curved carapace length ranging from 43.8 to 102.0 cm, and most sampled individuals were adults and large juveniles. Twelve haplotypes were revealed in mitochondrial DNA control region sequences. Most haplotypes contained identical sequences to haplotypes previously found in rookeries in the Western Pacific, Southeast Asia, and the Indian Ocean. Haplotype and nucleotide diversity indices of the Brunei Bay were 0.8444±0.0390 and 0.009350±0.004964, respectively. Mixed-stock analysis (for both uninformative and informative prior weighting by population size estimated the main contribution from the Southeast Asian rookeries of the Sulu Sea (mean ≥45.31%, Peninsular Malaysia (mean ≥17.42%, and Sarawak (mean ≥12.46%. Particularly, contribution from the Sulu Sea rookery was estimated to be the highest and lower confidence intervals were more than zero (≥24.36%. When estimating contributions by region rather than individual rookeries, results showed that Brunei Bay was sourced mainly from the Southeast Asian rookeries. The results suggest an ontogenetic shift in foraging grounds and provide conservation implications for Southeast Asian green turtles.

  9. Short-term variability of 7Be atmospheric deposition and watershed response in a Pacific coastal stream, Monterey Bay, California, USA

    International Nuclear Information System (INIS)

    Conaway, Christopher H.; Storlazzi, Curt D.; Draut, Amy E.; Swarzenski, Peter W.

    2013-01-01

    Beryllium-7 is a powerful and commonly used tracer for environmental processes such as watershed sediment provenance, soil erosion, fluvial and nearshore sediment cycling, and atmospheric fallout. However, few studies have quantified temporal or spatial variability of 7 Be accumulation from atmospheric fallout, and parameters that would better define the uses and limitations of this geochemical tracer. We investigated the abundance and variability of 7 Be in atmospheric deposition in both rain events and dry periods, and in stream surface-water samples collected over a ten-month interval at sites near northern Monterey Bay (37°N, 122°W) on the central California coast, a region characterized by a rainy winters, dry summers, and small mountainous streams with flashy hydrology. The range of 7 Be activity in rainwater samples from the main sampling site was 1.3–4.4 Bq L −1 , with a mean (±standard deviation) of 2.2 ± 0.9 Bq L −1 , and a volume-weighted average of 2.0 Bq L −1 . The range of wet atmospheric deposition was 18–188 Bq m −2 per rain event, with a mean of 72 ± 53 Bq m −2 . Dry deposition fluxes of 7 Be ranged from less than 0.01 up to 0.45 Bq m −2 d −1 , with an estimated dry season deposition of 7 Bq m −2 month −1 . Annualized 7 Be atmospheric deposition was approximately 1900 Bq m −2 yr −1 , with most deposition via rainwater (>95%) and little via dry deposition. Overall, these activities and deposition fluxes are similar to values found in other coastal locations with comparable latitude and Mediterranean-type climate. Particulate 7 Be values in the surface water of the San Lorenzo River in Santa Cruz, California, ranged from −1 to 0.6 Bq g −1 , with a median activity of 0.26 Bq g −1 . A large storm event in January 2010 characterized by prolonged flooding resulted in the entrainment of 7 Be-depleted sediment, presumably from substantial erosion in the watershed. There were too few particulate 7 Be data over the storm

  10. Monterey MRWPCA Interceptor Pipeline 2008

    Data.gov (United States)

    California Natural Resource Agency — The Monterey Interceptor between Seaside Pump Station and Monterey Beach Resort is buried in the dunes, approximately 100 to 175 feet from the dune bluff. Between...

  11. Monterey MRWPCA Interceptor Pipeline 2008

    Data.gov (United States)

    California Department of Resources — The Monterey Interceptor between Seaside Pump Station and Monterey Beach Resort is buried in the dunes, approximately 100 to 175 feet from the dune bluff. Between...

  12. Carbon stocks in mangroves, salt marshes, and salt barrens in Tampa Bay, Florida, USA: Vegetative and soil characteristics.

    Science.gov (United States)

    Moyer, R. P.; Radabaugh, K.; Chappel, A. R.; Powell, C.; Bociu, I.; Smoak, J. M.

    2017-12-01

    When compared to other terrestrial environments, coastal "blue carbon" habitats such as salt marshes and mangrove forests sequester disproportionately large amounts of carbon as standing plant biomass and sedimentary peat deposits. This study quantified total carbon stocks in vegetation and soil of 17 salt marshes, salt barrens, and mangrove forests in Tampa Bay, Florida, USA. The sites included natural, restored, and created wetlands of varying ages and degrees of anthropogenic impacts. The average vegetative carbon stock in mangrove forests was 60.1 ± 2.7 Mg ha-1. Mangrove forests frequently consisted of a few large Avicennia germinans trees with smaller, abundant Rhizophora mangle and/or Laguncularia racemosa trees. The average vegetative carbon stock was 11.8 ± 3.7 Mg ha-1 for salt marshes and 2.0 ± 1.2 Mg ha-1 for salt barrens. Vegetative carbon did not significantly differ between natural and newly created salt marsh habitats, indicating that mature restored wetlands can be included with natural wetlands for the calculation of vegetative carbon in coastal blue carbon assessments. Peat deposits were generally less than 50 cm thick and organic content rapidly decreased with depth in all habitats. Soil in this study was analyzed in 1 cm intervals; the accuracy of subsampling or binning soil into depth intervals of 2-5 cm was also assessed. In most cases, carbon stock values obtained from these larger sampling intervals were not statistically different from values obtained from sampling at 1 cm intervals. In the first 15 cm, soil in mangrove forests contained an average of 15.1% organic carbon by weight, salt marshes contained 6.5%, and salt barrens contained 0.8%. Total carbon stock in mangroves was 187.1±17.3 Mg ha-1, with 68% of that carbon stored in soil. Salt marshes contained an average of 65.2±25.3 Mg ha-1 (82% soil carbon) and salt barrens had carbon stocks of 21.4±7.4 Mg ha-1 (89% soil carbon). These values were much lower than global averages for

  13. Seasonal and Inter-Annual Patterns of Chlorophyll and Phytoplankton Community Structure in Monterey Bay, CA Derived from AVIRIS Data During the 2013-2015 HyspIRI Airborne Campaign

    Science.gov (United States)

    Palacios, S. L.; Thompson, D. R.; Kudela, R. M.; Negrey, K.; Guild, L. S.; Gao, B. C.; Green, R. O.; Torres-Perez, J. L.

    2016-02-01

    There is a need in the ocean color community to discriminate among phytoplankton groups within the bulk chlorophyll pool to understand ocean biodiversity, track energy flow through ecosystems, and identify and monitor for harmful algal blooms. Imaging spectrometer measurements enable the use of sophisticated spectroscopic algorithms for applications such as differentiating among coral species and discriminating phytoplankton taxa. These advanced algorithms rely on the fine scale, subtle spectral shape of the atmospherically corrected remote sensing reflectance (Rrs) spectrum of the ocean surface. Consequently, these algorithms are sensitive to inaccuracies in the retrieved Rrs spectrum that may be related to the presence of nearby clouds, inadequate sensor calibration, low sensor signal-to-noise ratio, glint correction, and atmospheric correction. For the HyspIRI Airborne Campaign, flight planning considered optimal weather conditions to avoid flights with significant cloud/fog cover. Although best suited for terrestrial targets, the Airborne Visible/Infrared Imaging Spectrometer (AVIRIS) has enough signal for some coastal chlorophyll algorithms and meets sufficient calibration requirements for most channels. The coastal marine environment has special atmospheric correction needs due to error introduced by aerosols and terrestrially sourced atmospheric dust and riverine sediment plumes. For this HyspIRI campaign, careful attention has been given to the correction of AVIRIS imagery of the Monterey Bay to optimize ocean Rrs retrievals to estimate chlorophyll (OC3) and phytoplankton functional type (PHYDOTax) data products. This new correction method has been applied to several image collection dates during two oceanographic seasons in 2013 and 2014. These two periods are dominated by either diatom blooms or red tides. Results to be presented include chlorophyll and phytoplankton community structure and in-water validation data for these dates during the two seasons.

  14. Seasonal estimates of DOC standing stocks in Apalachicola Bay estuary: Towards a better understanding using field, ocean color and model data

    Science.gov (United States)

    D'Sa, E. J.; Joshi, I.; Osburn, C. L.; Bianchi, T. S.; Ko, D. S.; Oviedo-Vargas, D.; Arellano, A.; Ward, N.

    2016-12-01

    Apalachicola Bay, a semi-enclosed estuary located in Florida's panhandle, is well known for its water quality and oyster yields. We present the use of combined field and ocean color satellite observations and the outputs of a high-resolution hydrodynamic model to study the influence of physical processes on the distribution and the transport of terrestrially derived CDOM and DOC to shelf waters during the spring and fall of 2015. Determination of DOC stocks were based on the development of a CDOM algorithm (R2 = 0.87, N = 9) for the VIIRS ocean color sensor, and the assessment of CDOM - DOC relationships (R2 = 0.88, N = 13 in March; R2 = 0.83, N = 24 in November) for the Apalachicola Bay. Satellite-derived CDOM and DOC maps together with model-based salinity distributions revealed their spatial extent, sources and transport to the shelf water. Furthermore, strong seasonal influence on DOM distribution in the bay was associated with inputs from Apalachicola and Carrabelle Rivers and the surrounding marshes. Estimates of DOC standing stocks in the bay obtained using ocean color data and high-resolution bathymetry showed relatively higher stocks in November ( 3.71 × 106 kg C, 560 km2) than in March ( 4.07 × 106 kg C, 560 km2) despite lower river discharge in dry season. Results of DOC flux estimates from the bay to coastal waters will also be presented.

  15. California State Waters Map Series—Monterey Canyon and vicinity, California

    Science.gov (United States)

    Dartnell, Peter; Maier, Katherine L.; Erdey, Mercedes D.; Dieter, Bryan E.; Golden, Nadine E.; Johnson, Samuel Y.; Hartwell, Stephen R.; Cochrane, Guy R.; Ritchie, Andrew C.; Finlayson, David P.; Kvitek, Rikk G.; Sliter, Ray W.; Greene, H. Gary; Davenport, Clifton W.; Endris, Charles A.; Krigsman, Lisa M.; Dartnell, Peter; Cochran, Susan A.

    2016-06-10

    IntroductionIn 2007, the California Ocean Protection Council initiated the California Seafloor Mapping Program (CSMP), designed to create a comprehensive seafloor map of high-resolution bathymetry, marine benthic habitats, and geology within the 3-nautical-mile limit of California’s State Waters. The CSMP approach is to create highly detailed seafloor maps through collection, integration, interpretation, and visualization of swath bathymetry data, acoustic backscatter, seafloor video, seafloor photography, high-resolution seismic-reflection profiles, and bottom-sediment sampling data. The map products display seafloor morphology and character, identify potential marine benthic habitats, and illustrate both the surficial seafloor geology and shallow subsurface geology.The Monterey Canyon and Vicinity map area lies within Monterey Bay in central California. Monterey Bay is one of the largest embayments along the west coast of the United States, spanning 36 km from its northern to southern tips (in Santa Cruz and Monterey, respectively) and 20 km along its central axis. Not only does it contain one of the broadest sections of continental shelf along California’s coast, it also contains Monterey Canyon, one of the largest and deepest submarine canyons in the world. Note that the California’s State Waters limit extends farther offshore between Santa Cruz and Monterey so that it encompasses all of Monterey Bay.The coastal area within the map area is lightly populated. The community of Moss Landing (population, 204) hosts the largest commercial fishing fleet in Monterey Bay in its harbor. The map area also includes parts of the cities of Marina (population, about 20,000) and Castroville (population, about 6,500). Fertile lowlands of the Salinas River and Pajaro River valleys largely occupy the inland part of the map area, and land use is primarily agricultural.The offshore part of the map area lies completely within the Monterey Bay National Marine Sanctuary. The

  16. Monterey Bay National Marine Sanctuary Boundary (polygon)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Office of National Marine Sanctuaries manages a system of sanctuaries and other managed areas around the country. The legal boundaries of These sanctuaries are...

  17. Analysis of Naval Ammunition Stock Positioning

    Science.gov (United States)

    2015-12-01

    not manipulated to be in favor of any system based on the assumption that stock positioned closer to demand would result in more favorable delivery...NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING...professional report 4. TITLE AND SUBTITLE ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING 5. FUNDING NUMBERS 6. AUTHOR(S) David Sharp and Eric

  18. A Stock Assessment of the Blue Swimming Crab Portunus pelagicus (Linnaeus, 1758) for Sustainable Management in Kung Krabaen Bay, Gulf of Thailand.

    Science.gov (United States)

    Kunsook, Chutapa; Gajaseni, Nantana; Paphavasit, Nittharatana

    2014-08-01

    A stock assessment of blue swimming crabs, Portunus pelagicus was conducted with crab gill nets and collapsible crab traps at Kung Krabaen Bay, in the eastern Gulf of Thailand, from 2008 to 2009. Several key indicators show that P. pelagicus population is in crisis. Fishing mortality shows an increase to 4.14. The exploitation rate is 0.71, higher than the optimal value of 0.38. The size of the mature females has also decreased from 8.10±0.39 cm to 7.52±1.14 cm. The average fecundity is 0.572×10(6)±0.261×10(6) eggs per batch, and the sex ratio (male:female) is 1:0.92. Based on these results, a sustainable management program for P. pelagicus was proposed as follows: (i) closing the bay during the spawning season, (ii) restoration of the Enhalus acoroides seagrass beds, (iii) restocking crab larvae in the bay and (iv) educating and networking all stakeholders to develop a better understanding of the ecology of the crab to support sustainable fishery management in Kung Krabaen Bay.

  19. California State Waters Map Series—Offshore of Monterey, California

    Science.gov (United States)

    Johnson, Samuel Y.; Dartnell, Peter; Hartwell, Stephen R.; Cochrane, Guy R.; Golden, Nadine E.; Watt, Janet T.; Davenport, Clifton W.; Kvitek, Rikk G.; Erdey, Mercedes D.; Krigsman, Lisa M.; Sliter, Ray W.; Maier, Katherine L.; Johnson, Samuel Y.; Cochran, Susan A.

    2016-08-18

    IntroductionIn 2007, the California Ocean Protection Council initiated the California Seafloor Mapping Program (CSMP), designed to create a comprehensive seafloor map of high-resolution bathymetry, marine benthic habitats, and geology within the 3-nautical-mile limit of California’s State Waters. The CSMP approach is to create highly detailed seafloor maps through collection, integration, interpretation, and visualization of swath bathymetry data, acoustic backscatter, seafloor video, seafloor photography, high-resolution seismic-reflection profiles, and bottom-sediment sampling data. The map products display seafloor morphology and character, identify potential marine benthic habitats, and illustrate both the surficial seafloor geology and shallow subsurface geology.The Offshore of Monterey map area in central California is located on the Pacific Coast, about 120 km south of San Francisco. Incorporated cities in the map area include Seaside, Monterey, Marina, Pacific Grove, Carmel-by-the-Sea, and Sand City. The local economy receives significant resources from tourism, as well as from the Federal Government. Tourist attractions include the Monterey Bay Aquarium, Cannery Row, Fisherman’s Wharf, and the many golf courses near Pebble Beach, and the area serves as a gateway to the spectacular scenery and outdoor activities along the Big Sur coast to the south. Federal facilities include the Army’s Defense Language Institute, the Naval Postgraduate School, and the Fleet Numerical Meteorology and Oceanography Center (operated by the Navy). In 1994, Fort Ord army base, located between Seaside and Marina, was closed; much of former army base land now makes up the Fort Ord National Monument, managed by the U.S. Bureau of Land Management as part of the National Landscape Conservation System. In addition, part of the old Fort Ord is now occupied by California State University, Monterey Bay.The offshore part of the map area lies entirely within the Monterey Bay National

  20. COMPARING SEA LEVEL RESPONSE AT MONTEREY, CALIFORNIA FROM THE 1989 LOMA PRIETA EARTHQUAKE AND THE 1964 GREAT ALASKAN EARTHQUAKE

    Directory of Open Access Journals (Sweden)

    L. C. Breaker

    2009-01-01

    Full Text Available Two of the largest earthquakes to affect water levels in Monterey Bay in recent years were the Loma Prieta Earthquake (LPE of 1989 with a moment magnitude of 6.9, and the Great Alaskan Earthquake (GAE of 1964 with a moment magnitude of 9.2. In this study, we compare the sea level response of these events with a primary focus on their frequency content and how the bay affected it, itself. Singular Spectrum Analysis (SSA was employed to extract the primary frequencies associated with each event. It is not clear how or exactly where the tsunami associated with the LPE was generated, but it occurred inside the bay and most likely began to take on the characteristics of a seiche by the time it reached the tide gauge in Monterey Harbor. Results of the SSA decomposition revealed two primary periods of oscillation, 9-10 minutes, and 31-32 minutes. The first oscillation is in agreement with the range of periods for the expected natural oscillations of Monterey Harbor, and the second oscillation is consistent with a bay-wide oscillation or seiche mode. SSA decomposition of the GAE revealed several sequences of oscillations all with a period of approximately 37 minutes, which corresponds to the predicted, and previously observed, transverse mode of oscillation for Monterey Bay. In this case, it appears that this tsunami produced quarter-wave resonance within the bay consistent with its seiche-like response. Overall, the sea level responses to the LPE and GAE differed greatly, not only because of the large difference in their magnitudes but also because the driving force in one case occurred inside the bay (LPE, and in the second, outside the bay (GAE. As a result, different modes of oscillation were excited.

  1. 78 FR 45964 - Notice of Intent To Repatriate Cultural Items: Monterey Museum of Art, Monterey, CA

    Science.gov (United States)

    2013-07-30

    ... projectile points, 38 pendants or beads, 3 fire-starters, 4 hand tools, 6 fishing weights, 37 carvings, 1... stone. In the 1978 Deed of Gift to the Monterey Museum of Art, Mr. Holman notes that the objects were...

  2. Southern Monterey Bay Littoral Cell CRSMP Potential Sediment Sources 2008

    Data.gov (United States)

    California Natural Resource Agency — Three main criteria are used as an initial basis for screening source locations; availability of large quantities of beach compatible sand, levels of contamination,...

  3. Cost Benefit Analysis of the Monterey Pines Golf Course

    National Research Council Canada - National Science Library

    Zielinski, Matthew

    2000-01-01

    ..., the government-operated course in the Monterey area. The main purpose of this thesis is to examine the costs and benefits of having a government-operated course in Monterey, where the golf market is extremely competitive, and to examine alternatives...

  4. Comparison of Monterey pine stress in urban and natural forests

    Science.gov (United States)

    David J. Nowak; Joe R. McBride

    1991-01-01

    Monterey pine street trees within Carmel, California and its immediate vicinity, as well as forest-grown Monterey pine within adjacent natural stands, were sampled with regard to visual stress characteristics, and various environmental and biological variables. Two stress indices were computed, one hypothesized before data collection was based on relative foliage...

  5. Carbon transport in Monterey Submarine Canyon

    Science.gov (United States)

    Barry, J.; Paull, C. K.; Xu, J. P.; Clare, M. A.; Gales, J. A.; Buck, K. R.; Lovera, C.; Gwiazda, R.; Maier, K. L.; McGann, M.; Parsons, D. R.; Simmons, S.; Rosenberger, K. J.; Talling, P. J.

    2017-12-01

    Submarine canyons are important conduits for sediment transport from continental margins to the abyss, but the rate, volume, and time scales of material transport have been measured only rarely. Using moorings with current meters, sediment traps (10 m above bottom) and optical backscatter sensors, we measured near-bottom currents, suspended sediment concentrations, and sediment properties at 1300 m depth in Monterey Canyon and at a non-canyon location on the continental slope at the same depth. Flow and water column backscatter were used to characterize "ambient" conditions when tidal currents dominated the flow field, and occasional "sediment transport events" when anomalously high down-canyon flow with sediment-laden waters arrived at the canyon mooring. The ambient sediment flux measured in sediment traps in Monterey Canyon was 350 times greater than measured at the non-canyon location. Although the organic carbon content of the canyon sediment flux during ambient periods was low (1.8 %C) compared to the slope location (4.9 %C), the ambient carbon transport in the canyon was 130 times greater than at the non-canyon site. Material fluxes during sediment transport events were difficult to measure owing to clogging of sediment traps, but minimal estimates indicate that mass transport during events exceeds ambient sediment fluxes through the canyon by nearly 3 orders of magnitude, while carbon transport is 380 times greater. Estimates of the instantaneous and cumulative flux of sediment and carbon from currents, backscatter, and sediment properties indicated that: 1) net flux is down-canyon, 2) flux is dominated by sediment transport events, and 3) organic carbon flux through 1300 m in Monterey Canyon was ca. 1500 MT C per year. The injection of 1500 MTCy-1 into the deep-sea represents ca. 260 km2 of the sediment C flux measured at the continental slope station (5.8 gCm-2y-1) and is sufficient to support a benthic community carbon demand of 5 gCm-2y-1 over 300 km2.

  6. Monterey, California Tsunami Forecast Grids for MOST Model

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Monterey, California Forecast Model Grids provides bathymetric data strictly for tsunami inundation modeling with the Method of Splitting Tsunami (MOST) model....

  7. The morphology, processes, and evolution of Monterey Fan: a revisit

    Science.gov (United States)

    Gardner, James V.; Bohannon, Robert G.; Field, Michael E.; Masson, Douglas G.

    2010-01-01

    Long-range (GLORIA) and mid-range (TOBI) sidescan imagery and seismic-reflection profiles have revealed the surface morphology and architecture of the complete Monterey Fan. The fan has not developed a classic wedge shape because it has been blocked for much of its history by Morro Fracture Zone. The barrier has caused the fan to develop an upper-fan and lower-fan sequence that are distinctly different from one another. The upper-fan sequence is characterized by Monterey and Ascension Channels and associated Monterey Channel-levee system. The lower-fan sequence is characterized by depositional lobes of the Ascension, Monterey, and Sur-Parkington-Lucia systems, with the Monterey depositional lobe being the youngest. Presently, the Monterey depositional lobe is being downcut because the system has reached a new, lower base level in the Murray Fracture Zone. A five-step evolution of Monterey Fan is presented, starting with initial fan deposition in the Late Miocene, about 5.5 Ma. This first stage was one of filling bathymetric lows in the oceanic basement in what was to become the upper-fan segment. The second stage involved filling the bathymetric low on the north side of Morro Fracture Zone, and probably not much sediment was transported beyond the fracture zone. The third stage witnessed sediment being transported around both ends of Morro Fracture Zone and initial sedimentation on the lower-fan segment. During the fourth stage Ascension Channel was diverted into Monterey Channel, thereby cutting off sedimentation to the Ascension depositional lobe.

  8. Compression stockings

    Science.gov (United States)

    Call your health insurance or prescription plan: Find out if they pay for compression stockings. Ask if your durable medical equipment benefit pays for compression stockings. Get a prescription from your doctor. Find a medical equipment store where they can ...

  9. Stock Status

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data inform the public of the most recent stock status for all stocks (FSSI and non-FSSI) in the fishery management unit contained in a fishery managment plan....

  10. A marine heatwave drives massive losses from the world’s largest seagrass carbon stocks

    KAUST Repository

    Arias-Ortiz, Ariane; Serrano, Oscar; Masqué , Pere; Lavery, P. S.; Mueller, U.; Kendrick, G. A.; Rozaimi, M.; Esteban, A.; Fourqurean, J. W.; Marbà , N.; Mateo, M. A.; Murray, K.; Rule, M. J.; Duarte, Carlos M.

    2018-01-01

    Seagrass ecosystems contain globally significant organic carbon (C) stocks. However, climate change and increasing frequency of extreme events threaten their preservation. Shark Bay, Western Australia, has the largest C stock reported for a seagrass

  11. An intense Nigerian stock exchange market prediction using logistic ...

    African Journals Online (AJOL)

    This paper is a continuation of our research work on the Nigerian Stock Exchange Market (NSEM) uncertainties, In our previous work (Magaji et al, 2013) we presented the Naive Bayes and SVM-SMO algorithms as a tools for predicting the Nigerian Stock Exchange Market; subsequently we used the same transformed data ...

  12. Spatial and temporal genetic homogeneity of the Monterey Spanish mackerel, Scomberomorus concolor, in the Gulf of California

    Directory of Open Access Journals (Sweden)

    Erika Magallón-Gayón

    2016-10-01

    Full Text Available The genetic homogeneity of the Monterey Spanish mackerel Scomberomorus concolor population in the Gulf of California was confirmed using nine nuclear microsatellite loci in combination with mitochondrial cytochrome b gene sequences. Samples were collected from the upper and central Gulf areas, representing the two main biogeographical regions of the Gulf. The analyses support the existence of a single panmictic population of S. concolor inhabiting the Gulf of California which in terms of fishery management represents a single genetic stock. Additionally, the contemporary effective population size estimated for the S. concolor population (Ne = 3056.9 was high and similar to another pelagic species. The gene flow seems to be bidirectional between the upper and central Gulf, which coincides with the seasonal movements between both regions related to spawning and feeding activities. A population expansion event was detected, which agrees with a colonization-expansion hypothesis of the S. concolor population in the Gulf.

  13. Microsatellite assessment of walrus (Odobenus rosmarus rosmarus stocks in Canada

    Directory of Open Access Journals (Sweden)

    Aaron BA Shafer

    2014-12-01

    Full Text Available Walruses in Canada are currently subdivided into seven stocks based on summering areas; Western Jones Sound (WJS, Baffin Bay (BB, Penny Strait-Lancaster Sound (PS-LS, North Foxe Basin (N-FB, Central Foxe Basin (C-FB, Hudson Bay Davis Strait (HB-DS and Southern and Eastern Hudson Bay (SE-HB. In this study, walrus were sampled from six of the seven stocks (SE-HB samples were not available and genotyped at 10 microsatellite loci. All stocks were genetically diverse (average heterozygosity of 0.58 with no evidence of inbreeding (average FIS of 0.03. We detected significant genetic differentiation among the stocks and a pattern of genetic spatial autocorrelation that suggests a moderate effect of geographic distance on gene flow among stocks. Bayesian clustering suggested the six recognized stocks were elements of two larger genetic clusters - a northern Arctic population (containing BB, WJS, and PS-LS stocks and a central Arctic population (containing C-FB, N-FB, and HB-DS stocks. These populations are moderately differentiated (FST = 0.07, but based on evidence of contemporary movement from assignment tests, are not completely isolated. There was support for maintaining the WJS stock and a combined BB+PS-LS stock, although the latter conclusion is based on a small sample size. Similarly, there was some evidence suggesting separation of the Foxe Basin stocks from the HB-DS but not the N-FB from the C-FB stock. However, given that there are morphological and chemical differences between N-FB and C-FB stocks, there is currently insufficient evidence to support a revision of the current stock designations.

  14. Self-Nonself Recognition in the Colonial Protochordate Botryllus schlosseri from Mutsu Bay, Japan

    OpenAIRE

    RINKEVICH, BARUCH; SAITO, YASUNORI

    1992-01-01

    Wild Botryllus schlosseri collected from a 5 × 5 m area in Mutsu Bay (Aomori Prefecture, Japan) were tested for alloresponses in intrapopulation colony allorecognition assays (CAAs). Results indicate that rejection patterns are similar to those recorded previously in the populations from Monterey and Santa Barbara, California, from the Mediterranean coast of Israel, and from the Venetian lagoon, Italy. The only difference was the marked accumulation of bright-yellow blood cells in the tips of...

  15. Mark Stock | NREL

    Science.gov (United States)

    Stock Mark Stock Scientific Visualization Specialist Mark.Stock@nrel.gov | 303-275-4174 Dr. Stock , virtual reality, parallel computing, and manipulation of large spatial data sets. As an artist, he creates . Stock built the SUNLIGHT artwork that is installed on the Webb Building in downtown Denver. In addition

  16. Wave Energy Converter (WEC) Array Effects on Wave Current and Sediment Circulation: Monterey Bay CA.

    Energy Technology Data Exchange (ETDEWEB)

    Roberts, Jesse D.; Jones, Craig; Magalen, Jason

    2014-09-01

    The goal s of this study were to develop tools to quantitatively characterize environments where wave energy converter ( WEC ) devices may be installed and to assess e ffects on hydrodynamics and lo cal sediment transport. A large hypothetical WEC array was investigated using wave, hydrodynamic, and sediment transport models and site - specific average and storm conditions as input. The results indicated that there were significant changes in sediment s izes adjacent to and in the lee of the WEC array due to reduced wave energy. The circulation in the lee of the array was also altered; more intense onshore currents were generated in the lee of the WECs . In general, the storm case and the average case show ed the same qualitative patterns suggesting that these trends would be maintained throughout the year. The framework developed here can be used to design more efficient arrays while minimizing impacts on nearshore environmen ts.

  17. BIOSPACE/DYABOLIC October 2010 Field Program, Monterey Bay, California Data Report

    Science.gov (United States)

    2011-07-20

    AU Fluorometer. After first reading samples were acidified with three drops of 5% HCl (to destroy the Chlorophyll) allowing the measurement of...DBCBLFOEB CJ BB BND-)#DBE CME JC 57$%2$0=$2B EKGE JKLMCJN DBCBLMKBN CN JJ 57$%2$0=$2C ENJE JKLMBO DBCBLMKMM JE F JO 57$%2$0=$2J EFBN JKLMEKK DBCBLMKMF JC

  18. 77 FR 64796 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2012-10-23

    ... the Conservation Representative, and the Business and Tourism Activity Panel (``BTAP'') co-chaired by the Business/Industry Representative and Tourism Representative, each dealing with matters concerning...: Agriculture, At-Large (2), Business/Industry, Commercial Fishing, Conservation, Recreation, Recreational...

  19. Monterey Bay National Marine Sanctuary: Sanctuary Integrated Monitoring Network (SIMoN)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Sanctuary Integrated Monitoring Network (SIMoN) is an integrated, long-term program that takes an ecosystem approach to identify and understand changes to the...

  20. Wave energy converter effects on wave propagation: A sensitivity study in Monterey Bay, CA

    Science.gov (United States)

    Chang, G.; Jones, C. A.; Roberts, J.; Magalen, J.; Ruehl, K.; Chartrand, C.

    2014-12-01

    The development of renewable offshore energy in the United States is growing rapidly and wave energy is one of the largest resources currently being evaluated. The deployment of wave energy converter (WEC) arrays required to harness this resource could feasibly number in the hundreds of individual devices. The WEC arrays have the potential to alter nearshore wave propagation and circulation patterns and ecosystem processes. As the industry progresses from pilot- to commercial-scale it is important to understand and quantify the effects of WECs on the natural nearshore processes that support a local, healthy ecosystem. To help accelerate the realization of commercial-scale wave power, predictive modeling tools have been developed and utilized to evaluate the likelihood of environmental impact. At present, direct measurements of the effects of different types of WEC arrays on nearshore wave propagation are not available; therefore wave model simulations provide the groundwork for investigations of the sensitivity of model results to prescribed WEC characteristics over a range of anticipated wave conditions. The present study incorporates a modified version of an industry standard wave modeling tool, SWAN (Simulating WAves Nearshore), to simulate wave propagation through a hypothetical WEC array deployment site on the California coast. The modified SWAN, referred to as SNL-SWAN, incorporates device-specific WEC power take-off characteristics to more accurately evaluate a WEC device's effects on wave propagation. The primary objectives were to investigate the effects of a range of WEC devices and device and array characteristics (e.g., device spacing, number of WECs in an array) on nearshore wave propagation using SNL-SWAN model simulations. Results showed that significant wave height was most sensitive to variations in WEC device type and size and the number of WEC devices in an array. Locations in the lee centerline of the arrays in each modeled scenario showed the largest potential changes in wave height. The SNL-SWAN model simulations for various WEC devices provide the basis for a solid model understanding, giving the confidence necessary for future WEC evaluations.

  1. Currents, HF Radio-derived, Monterey Bay, Normal Model, Zonal, EXPERIMENTAL

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The data is the zonal component of ocean surface currents derived from High Frequency Radio-derived measurements, with missing values filled in by a normal model....

  2. Currents, HF Radio-derived, Monterey Bay, 25 hr, Zonal, EXPERIMENTAL

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The data is the 25 hour running average of the zonal component of ocean surface currents derived from High Frequency Radio-derived measurements. THIS IS AN...

  3. 76 FR 17109 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2011-03-28

    ...: Diving, Education (alternate), Research (alternate), Tourism (alternate) and Agriculture (alternate... Representative, the Sanctuary Education Panel (``SEP'') chaired by the Education Representative, the Conservation Working Group (``CWG'') chaired by the Conservation Representative, and the Business and Tourism Activity...

  4. 75 FR 61424 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2010-10-05

    ...-Large (1), Education, Diving, and Tourism. Applicants are chosen based upon their particular expertise...'') chaired by the Research Representative, the Sanctuary Education Panel (``SEP'') chaired by the Education... Business and Tourism Activity Panel (``BTAP'') chaired by the Business/Industry Representative, each...

  5. 75 FR 42379 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2010-07-21

    ... Education Panel (``SEP'') chaired by the Education Representative, the Conservation Working Group (``CWG'') chaired by the Conservation Representative, and the Business and Tourism Activity Panel (``BTAP'') chaired by the Business/Industry Representative, each dealing with matters concerning research, education...

  6. 76 FR 20324 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2011-04-12

    ...: Diving, Education (alternate), Research (alternate), Tourism (alternate) and Agriculture (alternate... Education Panel (``SEP'') chaired by the Education Representative, the Conservation Working Group (``CWG'') chaired by the Conservation Representative, and the Business and Tourism Activity Panel (``BTAP'') chaired...

  7. 78 FR 4390 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2013-01-22

    ...: Agriculture (1), Business/Industry (1), and Education (1). Applicants are chosen based upon their particular... Education Panel (``SEP'') chaired by the Education Representative, the Conservation Working Group (``CWG'') chaired by the Conservation Representative, and the Business and Tourism Activity Panel (``BTAP'') co...

  8. 78 FR 14271 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2013-03-05

    ... Representative and Tourism Representative, each dealing with matters concerning research, education, conservation... Panel (``RAP'') chaired by the Research Representative, the Sanctuary Education Panel (``SEP'') chaired by the Education Representative, the Conservation Working Group (``CWG'') chaired by the Conservation...

  9. 78 FR 16622 - Gulf of the Farallones and Monterey Bay National Marine Sanctuaries Regulations on Introduced...

    Science.gov (United States)

    2013-03-18

    ... any organism that has been genetically modified (15 CFR 922.81). This final rule, combined with a... not apply if NOAA were willing and able to modify its regulations to except (i.e., allow) all state... Governor's concerns that would also meet NOAA's goals. For GFNMS, NOAA proposed to modify the regulations...

  10. Diurnal Sea Breeze Effects on Nearshore Temperature Variability in Southern Monterey Bay

    Science.gov (United States)

    2017-12-01

    from multi-year, single-location measurements of the velocity profiles (Fewings et al. 2008; Lentz et al. 2008; Hendrickson and MacMahan 2009) to...shorter O(0-2 months) experiments with multi-location moorings (Hally- Rosendahl et al. 2015; Reniers et al. 2009). Direct approaches for accounting for...zone (~5m). Two cross-shore arrays were deployed to account for the spatial heterogeneity of cross- shore flows associated with rip currents on the

  11. Physical-Biological-Optics Model Development and Simulation for the Pacific Ocean and Monterey Bay, California

    Science.gov (United States)

    2012-09-30

    distribution of underwater light field that can substantially affect phytoplankton photosynthesis and shortwave radiation near the surface. To...from Chai et al. (2002) was modified to include 31 state variables (Figure 1). With these new variables, the model can simulate photosynthesis ...improved by adding the dissolved pool and bacterial dynamics in the model. CDOC modeled as a colored byproduct of dissolved organic carbon (DOC) is

  12. Biological Modulation of Upper Ocean Physics: Simulating the Biothermal Feedback Effect in Monterey Bay, California

    Science.gov (United States)

    2014-04-08

    context of geophysical forcing [see Longhurst, 1998]. However, the abundance of marine phytoplankton belies the inefficiency of photosynthesis as a...implicit bacterial respiration back to the ammonium compartment (NA). If the depth (z) is at the maximum depth increment then D(z) is returned to the NA(z... photosynthesis in situ, J. Plankton Res., 6, 275–294. Barron, C. N., A. B. Kara, H. E. Hurlburt, C. Rowley, and L. F. Smedstad (2004), Sea surface height

  13. Functional Comparison of the Naval Postgraduate School and Naval Support Activity, Monterey Bay

    National Research Council Canada - National Science Library

    Hanft, Catherine

    1999-01-01

    .... By examining command flow diagrams, budgetary documents, and manpower listings, and conducting interviews with NPS and NSAMB personnel employed in these areas, the data acquired for this thesis...

  14. 75 FR 53567 - Gulf of the Farallones, Monterey Bay and Cordell Bank National Marine Sanctuaries Technical...

    Science.gov (United States)

    2010-09-01

    ... southwesterly bearing of 240[deg] true; (2) From mean high water to 3 nmi offshore between a line extending from..., off the northern California coast. The main feature of the sanctuary is Cordell Bank, an offshore... it intersects the mean high water line (MHWL). Because the southern boundary of the GFNMS is the same...

  15. Currents, HF Radio-derived, Monterey Bay, Normal Model, Meridional, EXPERIMENTAL

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The data is the meridional component of ocean surface currents derived from High Frequency Radio-derived measurements, with missing values filled in by a normal...

  16. 75 FR 16074 - Availability of Seats for the Monterey Bay National Marine Sanctuary Advisory Council

    Science.gov (United States)

    2010-03-31

    ...; philosophy regarding the protection and management of marine resources; and possibly the length of residence... dealing with matters concerning research, education, conservation and human use. The working groups are...

  17. Signal Processing and Preliminary Results in the 1988 Monterey Bay Tomography Experiment

    Science.gov (United States)

    1989-06-01

    travels in a straight line from transmitter to receiver. Ocean acoustic tomography may have energy traveling along several curving paths with different... windstorm . 159 S Lgnoi I legn Ltude Squared Ste t Lon J 1 5DEC863 0 CO * C\\ (Mn 0. 00 0. 25 0.50e 0.75 1.00 1 .25 1.50e 1. 75 Sequence Repet L t (n T Line ...11, lines connecting the receivers to the transmitter would spread over an arc of about 45 degrees from north to northeast relative to the signal

  18. Bioacoustics of Monterey Bay Pinnipeds: Extraction of Information from Acoustic Signals

    National Research Council Canada - National Science Library

    Schusterman, Ronald

    2002-01-01

    ... of pinnipeds while developing and carrying out complementary independent investigations. During the award period, both students received specialized training in animal psychophysics, experimental design, and acoustic instrumentation and measurement...

  19. Using the Lagrangian Method to Track Trajectories of Fog And Mist in the Monterey Bay

    Science.gov (United States)

    2017-12-01

    61 viii B. LESSONS LEARNED .............................................................................61 LIST OF...educational task such as this. Thank you for believing in me when I did not. To my children , Angel, Alec Aidan and Avery: thanks for holding down the fort and... movie scenes; from classic horror cinema to epic battle scenes in war movies , no one really knows what lurks beyond the misty veiled curtain, and

  20. Pesticide occurrence and distribution in fog collected near Monterey, California

    Energy Technology Data Exchange (ETDEWEB)

    Schomburg, C.J.; Glotfelty, D.E. (Department of Agriculture, Beltsville, MD (USA)); Seiber, J.N. (Univ. of California, Davis (USA))

    1991-01-01

    The authors analyzed pesticides in air and fog in several fog events sampled near Monterey, CA, to determine whether the uptake of pesticides in advected oceanic fog was different from uptake in fog forming under stagnant inversion conditions in California's Central Valley in the winter. Data for several pesticides common to both ares showed that the pesticide content and distribution were remarkable similar in the two locations. The conversion of organophosphorus insecticides to their corresponding oxons, and aqueous-phase enrichment factors, were also very similar. Evidence is presented to support the hypothesis that enhanced pesticide concentration in fogwater is caused by strongly sorptive nonfilterable particles and colloids in the fog liquid that are derived from atmospheric particles.

  1. Mixed stock analysis of Lake Michigan's Lake Whitefish Coregonus clupeaformis commercial fishery

    Science.gov (United States)

    Andvik, Ryan; Sloss, Brian L.; VanDeHey, Justin A.; Claramunt, Randall M.; Hansen, Scott P.; Isermann, Daniel A.

    2016-01-01

    Lake whitefish (Coregonus clupeaformis) support the primary commercial fishery in Lake Michigan. Discrete genetic stocks of lake whitefish have been identified and tagging data suggest stocks are mixed throughout much of the year. Our objectives were to determine if (1) differential stock harvest occurs in the commercial catch, (2) spatial differences in genetic composition of harvested fish were present, and (3) seasonal differences were present in the harvest by commercial fisheries that operate in management zones WI-2 and WFM-01 (Green Bay, Lake Michigan). Mixed stock analysis was conducted on 17 commercial harvest samples (n = 78–145/sample) collected from various ports lake-wide during 2009–2010. Results showed significant mixing with variability in stock composition across most samples. Samples consisted of two to four genetic stocks each accounting for ≥ 10% the catch. In 10 of 17 samples, the stock contributing the largest proportion made up differences existed in the proportional stock contribution at a single capture location. Samples from Wisconsin's primary commercial fishing management zone (WI-2) were composed predominately of fish from the Big Bay de Noc (Michigan) stock as opposed to the geographically proximate, North–Moonlight Bay (Wisconsin) stock. These findings have implications for management and allocation of fish to various quotas. Specifically, geographic location of harvest, the current means of allocating harvest quotas, is not the best predictor of genetic stock harvest.

  2. Velocity and Attenuation Profiles in the Monterey Deep-Sea Fan

    Science.gov (United States)

    1987-12-01

    a. 11 o n i n and depth. Sol ’^ a 11 e i"i u a 11 o >) a i::> 1 n Ci sediment for each of the f i...i. n c t ion o f f r e q u e n c; y...estimate of sea floor depth was obtained from an oceano - graphic map of the Monterey fan (’Oceanographic Data of the Monterey Deep Sea Fan’, 1st

  3. Mex Bay

    African Journals Online (AJOL)

    user

    2015-02-23

    Feb 23, 2015 ... surveys to assess the vulnerability of the most important physical and eutrophication parameters along. El- Mex Bay coast. As a result of increasing population and industrial development, poorly untreated industrial waste, domestic sewage, shipping industry and agricultural runoff are being released to the.

  4. NOAA Office for Coastal Management Coastal Inundation Digital Elevation Model: San Francisco Bay/Monterey (CA) WFO - Santa Cruz and Monterey Counties

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This digital elevation model (DEM) is a part of a series of DEMs produced for the National Oceanic and Atmospheric Administration Office for Coastal Management's Sea...

  5. Stock Market Project.

    Science.gov (United States)

    Distel, Brenda D.

    This project is designed to teach students the process of buying stocks and to tracking their investments over the course of a semester. The goals of the course are to teach students about the relationships between conditions in the economy and the stock market; to predict the effect of an economic event on a specific stock or industry; to relate…

  6. Predictability of Stock Returns

    Directory of Open Access Journals (Sweden)

    Ahmet Sekreter

    2017-06-01

    Full Text Available Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.

  7. The evolving fresh market berry industry in Santa Cruz and Monterey counties

    Directory of Open Access Journals (Sweden)

    Laura Tourte

    2016-08-01

    Full Text Available The fresh market berry industry in Santa Cruz and Monterey counties has contributed significantly to the agricultural vibrancy of the two counties and the state of California. Dramatic growth in strawberry, raspberry and blackberry production has been documented over the last 50 years, and most notably since the 1980s. Factors influencing this growth include innovations in agricultural practices and heightened consumer demand. Here, we review the historical context for the berry industry in Santa Cruz and Monterey counties. Organic production, production economics and challenges for the future are also discussed.

  8. Repeated 1-cm Resolution Topographic and 2.5-mm Resolution Photomosiac Surveys of Benthic Communities and Fine Scale Bedforms in Monterey Canyon

    Science.gov (United States)

    Caress, D. W.; Hobson, B.; Thomas, H. J.; Henthorn, R.; Martin, E. J.; Bird, L.; Risi, M.; Troni, G.; Paull, C. K.; Rock, S.; Padial, J. A.; Hammond, M. M.

    2014-12-01

    The Monterey Bay Aquarium Research Institute has developed a low altitude, ROV-based seafloor mapping system that combines lidar laser ranging, multibeam sonar, and stereo photographic imagery. When operated at a 3-m altitude, this system maps seafloor topography with a 1-cm lateral resolution and simultaneously collects 2.5-mm resolution color photography. We have twice mapped an 80-m by 80-m area of a chemosynthetic clam community located at 2850-m depth in the Monterey Canyon axis. Both the topography and the photomosaics resolve changes in the clam community over a six-month interval. Many individual animals have moved, and tracks of those animals are visible in the lidar topography. No other changes in the seafloor at this site can be discerned. We have also performed single surveys of bedforms and scours at both 1850-m and 2850-m depths in Monterey Canyon. The highest resolution bathymetry data are collected using a 3DatDepth SL1 lidar laser scanner. This system has a 30° field of view and ranges continuously, achieving a 1 cm sounding spacing at a 3 m altitude and 0.3 m/s speed. Bathymetry data are also collected using a 400-kHz Reson 7125 multibeam sonar. This configuration produces 512 beams across a 135° wide swath; each beam has a 0.5° acrosstrack by 1.0° alongtrack angular width. At a 3-m altitude, the nadir beams have a 2.5 cm acrosstrack and 5 cm alongtrack footprint. Dual Prosilica GX1920 2.4 Mpixel color cameras provide color stereo photography of the seafloor. Illumination is provided by dual xenon strobes. The camera housings have been fitted with corrective optics achieving a 90° field of view with less than 1% distortion. At a 3-m altitude the raw image pixels have a 2.5 mm resolution. Position and attitude data are provided by a Kearfott SeaDevil Inertial Navigation System (INS) integrated with a 300 kHz Teledyne RD Instruments Doppler velocity log (DVL). A separate Paroscientific pressure sensor is mounted adjacent to the INS. The INS

  9. Market Structure and Stock Splits

    OpenAIRE

    David Michayluk; Paul Kofman

    2001-01-01

    Enhanced liquidity is one possible motivation for stock splits but empirical research frequently documents declines in liquidity following stock splits. Despite almost thirty years of inquiry, little is known about all the changes in a stock's trading activity following a stock split. We examine how liquidity measures change around more than 2,500 stock splits and find a pervasive decline in most measures. Large stock splits exhibit a more severe liquidity decline than small stock splits, esp...

  10. 11th Annual Mine Warfare Technology Symposium, May 6-8, 2014 - Monterey, CA

    OpenAIRE

    2014-01-01

    The Naval Postgraduate School (NPS), the Office of Naval Research (ONR), the Program Executive Office Littoral Combat Ships (PEO LCS), OPNAV (N95), and The Consortium for Robotics and Unmanned Systems Education and Research (CRUSER) are pleased to announce the ELEVENTH International Mine Warfare Technology Symposium in Monterey, California, May 6-8, 2014.

  11. Latent infection by Fusarium circinatum influences susceptibility of monterey pine seedlings to pitch canker

    Science.gov (United States)

    Cassandra L. Swett; Thomas R. Gordon

    2012-01-01

    Pitch canker, caused by Fusarium circinatum, is a serious disease affecting Pinus radiata D. Don (Monterey pine) in nurseries, landscapes, and native forests. A typical symptom of pitch canker is canopy dieback resulting from girdling lesions on terminal branches (Gordon et al. 2001). More extensive dieback can result from...

  12. The design and development of a management information system for the Monterey Navy Flying Club.

    OpenAIRE

    George, Derek R.

    1986-01-01

    Approved for public release; distribution is unlimited This thesis provides a Management Information System for the Monterey Navy Flying Club. It supplies the tools necessary to enable the club manager to maintain all club records and generate required administrative and financial reports. http://archive.org/details/designdevelopmen00geor Commander, United States Navy

  13. 75 FR 59963 - Safety Zone: Monte Foundation Firework Display, Monterey, CA

    Science.gov (United States)

    2010-09-29

    ...-AA00 Safety Zone: Monte Foundation Firework Display, Monterey, CA AGENCY: Coast Guard, DHS. ACTION... Monte Foundation Firework Display. This safety zone is established to ensure the safety of participants... be completed. Because of the dangers posed by the pyrotechnics used in this fireworks display, the...

  14. 76 FR 47237 - Notice of Realty Action: Direct Sale of Public Land in Monterey County, CA

    Science.gov (United States)

    2011-08-04

    ... DEPARTMENT OF THE INTERIOR Bureau of Land Management [LLCA9300000 L58790000 EU0000; CACA 50168-14] Notice of Realty Action: Direct Sale of Public Land in Monterey County, CA AGENCY: Bureau of Land Management, Interior. ACTION: Notice of realty action. SUMMARY: The Bureau of Land Management (BLM...

  15. Urban Greening Bay Area

    Science.gov (United States)

    Information about the San Francisco Bay Water Quality Project (SFBWQP) Urban Greening Bay Area, a large-scale effort to re-envision urban landscapes to include green infrastructure (GI) making communities more livable and reducing stormwater runoff.

  16. Pelagic fish stock assessment by acoustic methods at Ifremer

    OpenAIRE

    Doray, Mathieu; Masse, Jacques; Petitgas, Pierre; Doray, Mathieu; Masse, Jacques; Petitgas, Pierre

    2010-01-01

    The main objective of Ifremer's pelagic sea surveys (Pelgas in the Bay of Biscay and Pelmed in the Gulf of Lion) is to assess the biomass of anchovy (Engraulis encrasicolus) and sardine (Sardina pilchardus) populations, based on fisheries acoustic data. Complementary data on the whole pelagic ecosystem (hydrology, plankton, fish eggs and larvae, other fish species, seabirds and marine mammals) are also collected during the cruises. This document describes the procedures used to derive stock a...

  17. The Differences Between Stock Splits and Stock Dividends

    DEFF Research Database (Denmark)

    Bechmann, Ken L.; Raaballe, Johannes

    It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market...... different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling...... for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news....

  18. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2010-08-04

    ..., Niihau stock, Kure-Midway stock, and the Pearl and Hermes stock. The SAR for the Hawaii stock of... new bottlenose dolphin stocks are the Kauai-Niihau stock, Oahu stock, Four Islands stock, and the...

  19. The completed Management Information System for the Monterey Navy Flying Club.

    OpenAIRE

    Graham, James M.

    1987-01-01

    Approved for public release; distribution in unlimited. This thesis provides a completed Management Information System for the Monterey Navy Flying Club. The software package was designed to operate upon an IBM PC-XT or PC-AT or 100% compatible microcomputer wjiich has 384K of main memory. Specific hardware requirements are discussed in chapter one. This software package supplies the necessary tools for the club manager to maintain all club records and generate required a...

  20. DLA Forward Stocking

    National Research Council Canada - National Science Library

    Flory, John

    2007-01-01

    .... This study evaluates the feasibility of forward stocking in terms of DoD savings. The performance of DLA's criteria is evaluated and a new criteria using a cost and demand threshold is proposed...

  1. Trading network predicts stock price.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-16

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  2. Families of miocene monterey crude oil, seep, and tarball samples, coastal California

    Science.gov (United States)

    Peters, K.E.; Hostettler, F.D.; Lorenson, T.D.; Rosenbauer, R.J.

    2008-01-01

    Biomarker and stable carbon isotope ratios were used to infer the age, lithology, organic matter input, and depositional environment of the source rocks for 388 samples of produced crude oil, seep oil, and tarballs to better assess their origins and distributions in coastal California. These samples were used to construct a chemometric (multivariate statistical) decision tree to classify 288 additional samples. The results identify three tribes of 13C-rich oil samples inferred to originate from thermally mature equivalents of the clayey-siliceous, carbonaceous marl and lower calcareous-siliceous members of the Monterey Formation at Naples Beach near Santa Barbara. An attempt to correlate these families to rock extracts from these members in the nearby COST (continental offshore stratigraphic test) (OCS-Cal 78-164) well failed, at least in part because the rocks are thermally immature. Geochemical similarities among the oil tribes and their widespread distribution support the prograding margin model or the banktop-slope-basin model instead of the ridge-and-basin model for the deposition of the Monterey Formation. Tribe 1 contains four oil families having geochemical traits of clay-rich marine shale source rock deposited under suboxic conditions with substantial higher plant input. Tribe 2 contains four oil families with traits intermediate between tribes 1 and 3, except for abundant 28,30-bisnorhopane, indicating suboxic to anoxic marine marl source rock with hemipelagic input. Tribe 3 contains five oil families with traits of distal marine carbonate source rock deposited under anoxic conditions with pelagic but little or no higher plant input. Tribes 1 and 2 occur mainly south of Point Conception in paleogeographic settings where deep burial of the Monterey source rock favored petroleum generation from all three members or their equivalents. In this area, oil from the clayey-siliceous and carbonaceous marl members (tribes 1 and 2) may overwhelm that from the lower

  3. Environmental Sensitivity Index (ESI) Atlas: Central California (Including Monterey Bay Sanctuary), maps and geographic information systems data (NODC Accession 0013176)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Environmental Sensitivity Index (ESI) maps have been developed for the coastal areas of Central California from Point Conception to Point Reyes National Seashore....

  4. 77 FR 3919 - Overflight Regulations for the Channel Islands, Monterey Bay, Gulf of the Farallones, and Olympic...

    Science.gov (United States)

    2012-01-26

    ... the word out to pilot associations. Other outreach strategies would likely include press releases, presentations to flight clubs, articles in general aviation magazines, and flyers/posters at local airports. The...

  5. 78 FR 20093 - Extension of Application Period for Seats for the Monterey Bay National Marine Sanctuary Advisory...

    Science.gov (United States)

    2013-04-03

    ... Business and Tourism Activity Panel (``BTAP'') co-chaired by the Business/Industry Representative and Tourism Representative, each dealing with matters concerning research, education, conservation and human...'') chaired by the Research Representative, the Sanctuary Education Panel (``SEP'') chaired by the Education...

  6. 77 FR 49862 - Santa Cruz and Monterey Bay Railway Company-Assignment of Lease Exemption-Union Pacific Railroad...

    Science.gov (United States)

    2012-08-17

    ... and operating rights over a 31.0-mile rail line (the Line) owned by Union Pacific Railroad Company (UP... becoming a Class III rail carrier, Iowa Pacific Holdings, LLC & Permian Basin Rys.--Continuance in Control...'s approval jurisdiction and will not result in SCCRTC acquiring a common carrier obligation with...

  7. 77 FR 46985 - Revisions of Boundaries for the Monterey Bay National Marine Sanctuary; Intent To Prepare an...

    Science.gov (United States)

    2012-08-07

    ... current sanctuary boundaries, and would support the Administration's focus on growing travel and tourism... related to and located within such properties. The term includes properties of traditional religious and...

  8. Community composition, structure, and interrelationships in the marine intertidal Endocladia muricata – Balanus glandula association in Monterey Bay, California

    NARCIS (Netherlands)

    Glynn, Peter W.

    1965-01-01

    Studies of the community composition, structure and species interrelationships of the Endocladia-Balanus association were carried out on the rocky shores at the Hopkins Marine Station, Pacific Grove, California, over the period 1959—1961. The organisms making up this biotic association form a

  9. Water Mass Bio-optical Properties in the Monterey Bay Region: Fluorescence-based Inference of Shifts in Phytoplankton Photophysiology

    Science.gov (United States)

    2012-07-26

    spectro - photometric filter pad measurements of particle absorption against the bottle chl measurements provided an empirical fit that was applied... UV #pV< . ■ ’•’■$& iBiftfc .v. . . . . 1 . . . . 1 .,-,1 .... 10 15 20 5 10 15 Temperature (°C) 20 Figure 12. (a) Historical

  10. Investigation of Wave Energy Converter Effects on Wave Fields: A Modeling Sensitivity Study in Monterey Bay CA.

    Energy Technology Data Exchange (ETDEWEB)

    Roberts, Jesse D.; Grace Chang; Jason Magalen; Craig Jones

    2014-08-01

    A n indust ry standard wave modeling tool was utilized to investigate model sensitivity to input parameters and wave energy converter ( WEC ) array deploym ent scenarios. Wave propagation was investigated d ownstream of the WECs to evaluate overall near - and far - field effects of WEC arrays. The sensitivity study illustrate d that b oth wave height and near - bottom orbital velocity we re subject to the largest pote ntial variations, each decreas ed in sensitivity as transmission coefficient increase d , as number and spacing of WEC devices decrease d , and as the deployment location move d offshore. Wave direction wa s affected consistently for all parameters and wave perio d was not affected (or negligibly affected) by varying model parameters or WEC configuration .

  11. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  12. Accumulation of cesium-137 and strontium-90 in ponderosa pine and monterey pine seedlings

    International Nuclear Information System (INIS)

    Entry, J.A.; Rygiewicz, P.T.; Emmingham, W.H.

    1993-01-01

    Because ponderosa pine Pinus ponderosa and Monterey pone (P. radiata D Don) have exceptionally fast growth rates and their abscised needles are not readily dispersed by wind, these species may be valuable for removing radioisotopes from contaminated soils. Ponderosa and Monterey pine seedlings were tested for their ability to accumulate 137 Cs and 90 Sr-characteristic radioisotopes of nuclear fallout-from contaminated soil. Seedlings were grown for 3 mo in 165 cm 3 sphagnum peat moss/perlite (1:1 V/V) in a growth chamber. In Exp. 1, seedling accumulation of 137 Cs and 90 Sr after 1 mo of exposure was measured. In Exp. 2, seedling accumulation of the radioisotopes during different-length exposures was measured. Seedling accumulation of 137 CS and 90 Sr at different concentrations of the radioisotopes in the growth medium was measured in Exp. 3. Ponderosa pine accumulated 6.3% of the 137 Cs and I.5% of the 90 Sr present in the growth medium after 1 mo; Monterey pine accumulated 8.3% of the 137 Cs and 4.5% of the 90 Sr. Accumulation of 137 Cs and 90 Sr by both coniferous species was curvilinearly related to duration of exposure. Accumulation of 137 Cs and 90 Sr by both species increased with increasing concentration in the growth medium and correlated curvilinearly with radioisotope concentration in the growth medium. Large areas throughout the world are contaminated with 137 Cs and 90 Sr as a result of nuclear weapons testing or atomic reactor accidents. The ability of trees to sequester and store 137 Cs and 90 Sr introduces the possibility of using reforestation to remediate contaminated soils

  13. Stock Assessment Supplementary Information (SASINF)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the interest of efficiency, clarity and standardization of stock assessment materials, the stock assessment reports for the 2015 Groundfish update have been...

  14. Stock Issues in Aristotle's Rhetoric

    Science.gov (United States)

    Harpine, Bill

    1977-01-01

    Defines "stock issue" by the manner in which they function in Aristotle's theory, reviews examples of modern theories of stock issues, examines previous investigations of the "Rhetoric," and analyzes Aristotle's approach to this aspect of argumentation. (MH)

  15. eBay.com

    DEFF Research Database (Denmark)

    Engholm, Ida

    2014-01-01

    Celebrated as one of the leading and most valuable brands in the world, eBay has acquired iconic status on par with century-old brands such as Coca-Cola and Disney. The eBay logo is now synonymous with the world’s leading online auction website, and its design is associated with the company...

  16. Rainy Day Stocks

    DEFF Research Database (Denmark)

    Gormsen, Niels Joachim; Greenwood, Robin

    We study the good- and bad-times performance of equity portfolios formed on characteristics. Many characteristics associated with good performance during bad times—value, profitability, small size, safety, and total volatility—also perform well during good times. Stocks with characteristics signi...

  17. Optimizing Plutonium stock management

    International Nuclear Information System (INIS)

    Niquil, Y.; Guillot, J.

    1997-01-01

    Plutonium from spent fuel reprocessing is reused in new MOX assemblies. Since plutonium isotopic composition deteriorates with time, it is necessary to optimize plutonium stock management over a long period, to guarantee safe procurement, and contribute to a nuclear fuel cycle policy at the lowest cost. This optimization is provided by the prototype software POMAR

  18. Stock Market Savvy.

    Science.gov (United States)

    Okula, Susan

    2003-01-01

    This issue of Keying In, the newsletter of the National Business Education Association, focuses upon teaching young adults how to develop both investment strategies and an understanding of the stock market. The first article, "Sound Investing Know-How: A Must for Today's Young Adults," describes how young adults can plan for their own…

  19. Stock Selection, Style Rotation

    NARCIS (Netherlands)

    Lucas, A.; van Dijk, R.; Prof. Kloek, T.

    2002-01-01

    Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially

  20. Dental care for the underserved children of Monterey County: meeting the challenge.

    Science.gov (United States)

    Stewart, R E

    1998-05-01

    With its expansive area, and the special needs of agricultural workers, Monterey County held significant challenges for setting up a children's health clinic. Part of the solution to addressing the county's unmet dental needs was the establishment of the Children's Miracle Network dental center in 1995. But working in the fields leaves little time for travel to appointments, so the dental center expanded to a mobile unit that can go where the need is. Understanding the special needs of one's community is crucial to establishing programs that can successfully address the state's needs for children's dental care.

  1. Numerical Simulation of Recent Turbidity Currents in the Monterey Canyon System, Offshore California

    Science.gov (United States)

    Heimsund, S.; Xu, J.; Nemec, W.

    2007-12-01

    The method of computational fluid dynamics (CFD) has been used, in the form of a 3D numerical model (Flow- 3D®), to perform a full-scale simulation of turbidity currents measured in December 2002 by three moorings in the Soquel and Monterey canyons. The model was verified by simulation of laboratory flows, and was upscaled to the Monterey Canyon system on the basis of high-resolution bathymetric data and flow measurements. The measured velocity profiles were sufficient to assess the flow thickness, initial velocity and duration in the canyon head zone. A computational grid with a highest feasible resolution was used, and both bathymetry and hydrostatic pressure were accounted for. The volumetric sediment concentration and exact grain- size composition of the flows were unknown, and thus a range of values for the initial concentration and bed roughness were assumed and assessed on a trial-and-error basis. The simulations reveal the behavior of a turbidity current along its descent path, including its local hydraulic characteristics (the 3D field of velocity, sediment concentration, shear stress, strain rate, and dynamic viscosity, as well as the magnitude of velocity and turbulent shear). The results confirm that the velocity structure of turbidity current is highly sensitive to variation in seafloor topography. The December 17th flow in the Soquel Canyon appears to have lost capacity by dilution over a relatively short distance and shown significant velocity fluctuations, which is attributed to the rugged topography of the canyon floor. A major loss of momentum occurred when the flow plunged at high angle into the Monterey Canyon, crashing against its bend's southern wall. The December 20th flow in the Monterey Canyon, in contrast, developed a considerably longer body and strongly accelerated towards the canyon's sharp second bend before crashing against its western wall. The mooring data show a down-canyon decline of velocity and suggest gradual waning, but the

  2. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  3. Perbandingan Stock Market Crash 1987 : Dan Stock Market Crash 1997

    OpenAIRE

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

    Stock market crash refers to the condition, which is marked with the large dropping of stock Market price index. Historically, stock market crash has happened three times, namely in 1929, 1987 and 1997. This paper will discuss the causes of 1987's and 1997's stock market Crash and the similarities and the differences between 1987's and 1997's stock market crash. The structure of the paper is as follows. The paper starts with the introduction. The second Section briefly explains the causes of ...

  4. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    Directory of Open Access Journals (Sweden)

    Jay Chok

    Full Text Available In this study, we examine how initial public offerings (IPO entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.

  5. A marine heatwave drives massive losses from the world's largest seagrass carbon stocks

    Science.gov (United States)

    Arias-Ortiz, A.; Serrano, O.; Masqué, P.; Lavery, P. S.; Mueller, U.; Kendrick, G. A.; Rozaimi, M.; Esteban, A.; Fourqurean, J. W.; Marbà, N.; Mateo, M. A.; Murray, K.; Rule, M. J.; Duarte, C. M.

    2018-04-01

    Seagrass ecosystems contain globally significant organic carbon (C) stocks. However, climate change and increasing frequency of extreme events threaten their preservation. Shark Bay, Western Australia, has the largest C stock reported for a seagrass ecosystem, containing up to 1.3% of the total C stored within the top metre of seagrass sediments worldwide. On the basis of field studies and satellite imagery, we estimate that 36% of Shark Bay's seagrass meadows were damaged following a marine heatwave in 2010/2011. Assuming that 10 to 50% of the seagrass sediment C stock was exposed to oxic conditions after disturbance, between 2 and 9 Tg CO2 could have been released to the atmosphere during the following three years, increasing emissions from land-use change in Australia by 4-21% per annum. With heatwaves predicted to increase with further climate warming, conservation of seagrass ecosystems is essential to avoid adverse feedbacks on the climate system.

  6. Isostatic gravity map of the Monterey 30 x 60 minute quadrangle and adjacent areas, California

    Science.gov (United States)

    Langenheim, V.E.; Stiles, S.R.; Jachens, R.C.

    2002-01-01

    The digital dataset consists of one file (monterey_100k.iso) containing 2,385 gravity stations. The file, monterey_100k.iso, contains the principal facts of the gravity stations, with one point coded per line. The format of the data is described below. Each gravity station has a station name, location (latitude and longitude, NAD27 projection), elevation, and an observed gravity reading. The data are on the IGSN71 datum and the reference ellipsoid is the Geodetic Reference System 1967 (GRS67). The free-air gravity anomalies were calculated using standard formulas (Telford and others, 1976). The Bouguer, curvature, and terrain corrections were applied to the free-air anomaly at each station to determine the complete Bouguer gravity anomalies at a reduction density of 2.67 g/cc. An isostatic correction was then applied to remove the long-wavelength effect of deep crustal and/or upper mantle masses that isostatically support regional topography.

  7. Sedimentary processes of the lower Monterey Fan channel and channel-mouth lobe

    Science.gov (United States)

    Klaucke, I.; Masson, D.G.; Kenyon, Neil H.; Gardner, J.V.

    2004-01-01

    The distribution of deposits, sediment transport pathways and processes on the lower Monterey Fan channel and channel-mouth lobe (CML) are studied through the integration of GLORIA and TOBI sidescan sonar data with 7-kHz subbottom profiler records and sediment cores for ground-truthing. The lower Monterey channel is characterised by an up to 30-m-deep channel with poorly developed levees and alternating muddy and silty muddy overbank deposits. The channel is discontinuous, disappearing where gradients are less than about 1:350. Ground-truthing of the large CML shows that the entire CML is characterised by widespread deposits of generally fine sand, with coarser sand at the base of turbidites. Sand is particularly concentrated in finger-like areas of low-backscatter intensity and is interpreted as the result of non-turbulent sediment-gravity flows depositing metres thick massive, fine sand. TOBI sidescan sonar data reveal recent erosional features in the form of scours, secondary channels, large flow slides, and trains of blocks at the distal end of the CML. Erosion is probably related to increasing gradient as the CML approaches Murray Fracture zone and to differential loading of sandy submarine fan deposits onto pelagic clays. Reworking of older flow slides by sediment transport processes on the lobe produces trains of blocks that are several metres in diameter and aligned parallel to the flow direction. ?? 2004 Elsevier B.V. All rights reserved.

  8. Biological marker distribution in coexisting kerogen, bitumen and asphaltenes in Monterey Formation diatomite, California

    Science.gov (United States)

    Tannenbaum, E.; Ruth, E.; Huizinga, B. J.; Kaplan, I. R.

    1986-01-01

    Organic-rich (18.2%) Monterey Formation diatomite from California was studied. The organic matter consist of 94% bitumen and 6% kerogen. Biological markers from the bitumen and from pyrolysates of the coexisting asphaltenes and kerogen were analyzed in order to elucidate the relationship between the various fractions of the organic matter. While 17 alpha(H), 18 alpha(H), 21 alpha(H)-28,30-bisnorhopane was present in the bitumen and in the pryolysate of the asphaltenes, it was not detected in the pyrolysates of the kerogen. A C40-isoprenoid with "head to head" linkage, however, was present in pyrolysates of both kerogen and asphaltenes, but not in the bitumen from the diatomite. The maturation level of the bitumen, based on the extent of isomerization of steranes and hopanes, was that of a mature oil, whereas the pyrolysate from the kerogen showed a considerably lower maturation level. These relationships indicate that the bitumen may not be indigenous to the diatomite and that it is a mature oil that migrated into the rock. We consider the possibility, however, that some of the 28,30-bisnorhopane-rich Monterey Formation oils have not been generated through thermal degradation of kerogen, but have been expelled from the source rock at an early stage of diagenesis.

  9. Submersed aquatic vegetation in Chesapeake Bay: Sentinel species in a changing world

    Science.gov (United States)

    Orth, Robert J.; Dennison, William C.; Lefcheck, Jonathon S.; Gurbisz, Cassie; Hannam, Michael; Keisman, Jennifer; Landry, J. Brooke; Moore, Kenneth A.; Murphy, Rebecca R.; Patrick, Christopher J.; Testa, Jeremy; Weller, Donald E.; Wilcox, David J.

    2017-01-01

    Chesapeake Bay has undergone profound changes since European settlement. Increases in human and livestock populations, associated changes in land use, increases in nutrient loadings, shoreline armoring, and depletion of fish stocks have altered the important habitats within the Bay. Submersed aquatic vegetation (SAV) is a critical foundational habitat and provides numerous benefits and services to society. In Chesapeake Bay, SAV species are also indicators of environmental change because of their sensitivity to water quality and shoreline development. As such, SAV has been deeply integrated into regional regulations and annual assessments of management outcomes, restoration efforts, the scientific literature, and popular media coverage. Even so, SAV in Chesapeake Bay faces many historical and emerging challenges. The future of Chesapeake Bay is indicated by and contingent on the success of SAV. Its persistence will require continued action, coupled with new practices, to promote a healthy and sustainable ecosystem.

  10. Environmental and Sanitary Conditions of Guanabara Bay, Rio de Janeiro

    Science.gov (United States)

    Fistarol, Giovana O.; Coutinho, Felipe H.; Moreira, Ana Paula B.; Venas, Tainá; Cánovas, Alba; de Paula, Sérgio E. M.; Coutinho, Ricardo; de Moura, Rodrigo L.; Valentin, Jean Louis; Tenenbaum, Denise R.; Paranhos, Rodolfo; do Valle, Rogério de A. B.; Vicente, Ana Carolina P.; Amado Filho, Gilberto M.; Pereira, Renato Crespo; Kruger, Ricardo; Rezende, Carlos E.; Thompson, Cristiane C.; Salomon, Paulo S.; Thompson, Fabiano L.

    2015-01-01

    Guanabara Bay is the second largest bay in the coast of Brazil, with an area of 384 km2. In its surroundings live circa 16 million inhabitants, out of which 6 million live in Rio de Janeiro city, one of the largest cities of the country, and the host of the 2016 Olympic Games. Anthropogenic interference in Guanabara Bay area started early in the XVI century, but environmental impacts escalated from 1930, when this region underwent an industrialization process. Herein we present an overview of the current environmental and sanitary conditions of Guanabara Bay, a consequence of all these decades of impacts. We will focus on microbial communities, how they may affect higher trophic levels of the aquatic community and also human health. The anthropogenic impacts in the bay are flagged by heavy eutrophication and by the emergence of pathogenic microorganisms that are either carried by domestic and/or hospital waste (e.g., virus, KPC-producing bacteria, and fecal coliforms), or that proliferate in such conditions (e.g., vibrios). Antibiotic resistance genes are commonly found in metagenomes of Guanabara Bay planktonic microorganisms. Furthermore, eutrophication results in recurrent algal blooms, with signs of a shift toward flagellated, mixotrophic groups, including several potentially harmful species. A recent large-scale fish kill episode, and a long trend decrease in fish stocks also reflects the bay’s degraded water quality. Although pollution of Guanabara Bay is not a recent problem, the hosting of the 2016 Olympic Games propelled the government to launch a series of plans to restore the bay’s water quality. If all plans are fully implemented, the restoration of Guanabara Bay and its shores may be one of the best legacies of the Olympic Games in Rio de Janeiro. PMID:26635734

  11. Outlook '98 - Stock markets

    International Nuclear Information System (INIS)

    Vankka, D.

    1998-01-01

    In view of the recent drop of some 20 per cent in energy stock prices, and the decline in the value of the Canadian dollar, forecasting oilpatch financing in 1998 is a risky undertaking. Based on a variety of relevant factors, it is expected that there will be a slowdown in oil and gas financing deals in the short term. On the other hand, longer term outlook is bullish, based on the huge capital requirements over the next few years for conventional projects, heavy oil, oilsands and pipelines projects. Corporate mergers and acquisitions will continue at about the same rate as in 1997, as companies attempt to achieve ''economies of scale'' and growth in the most economically sensible manner. Adding production and reserves through corporate transactions at the current lower stock prices will be a powerful incentive. Creative deal structuring will become more prevalent. Corporate reorganizations into separate companies in search of value maximization will increase

  12. Biscayne Bay Alongshore Epifauna

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Field studies to characterize the alongshore epifauna (shrimp, crabs, echinoderms, and small fishes) along the western shore of southern Biscayne Bay were started in...

  13. Bathymetry in Jobos Bay

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This image represents a 4x4 meter resolution bathymetric surface for Jobos Bay, Puerto Rico (in NAD83 UTM 19 North). The depth values are in meters referenced to the...

  14. Hammond Bay Biological Station

    Data.gov (United States)

    Federal Laboratory Consortium — Hammond Bay Biological Station (HBBS), located near Millersburg, Michigan, is a field station of the USGS Great Lakes Science Center (GLSC). HBBS was established by...

  15. Humboldt Bay Orthoimages

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This data set consists of 0.5-meter pixel resolution, four band orthoimages covering the Humboldt Bay area. An orthoimage is remotely sensed image data in which...

  16. Analysis of timber and coating material on an iron anchor recovered off Aguada Bay, Goa

    Digital Repository Service at National Institute of Oceanography (India)

    Tripati, S.; Rao, B.R.; Shashikala, S.; Rao, R.V.; Khedekar, V.D.

    Shanked iron anchor measuring 3.30 m long with a 4.37 m wooden stock was recovered off Aguada Bay, Goa at a water depth of 11 m. The anchor has been tentatively dated contemporary with the maritime history of Goa and Portugal between the 16th and 17th...

  17. Company Stock in Pension Funds

    OpenAIRE

    Even, William E.; Macpherson, David

    2004-01-01

    This study examines several issues surrounding the tendency for some pension funds to invest in their own company’s stock. After reviewing the existing literature describing the benefits and costs of investing in company stock, the legislative environment surrounding company stock holdings is reviewed. Using data from Internal Revenue Service Form 5500 filings on the pension fund holdings of over 300,000 defined–contribution pension plans in the 1990s, we show that about one out of ten define...

  18. Capital Structure and Stock Returns

    OpenAIRE

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  19. 75 FR 11837 - Chesapeake Bay Watershed Initiative

    Science.gov (United States)

    2010-03-12

    ... DEPARTMENT OF AGRICULTURE Commodity Credit Corporation Chesapeake Bay Watershed Initiative AGENCY...: Notice of availability of program funds for the Chesapeake Bay Watershed Initiative. SUMMARY: The... through the Chesapeake Bay Watershed Initiative for agricultural producers in the Chesapeake Bay watershed...

  20. CCN Properties of Organic Aerosol Collected Below and within Marine Stratocumulus Clouds near Monterey, California

    Directory of Open Access Journals (Sweden)

    Akua Asa-Awuku

    2015-10-01

    Full Text Available The composition of aerosol from cloud droplets differs from that below cloud. Its implications for the Cloud Condensation Nuclei (CCN activity are the focus of this study. Water-soluble organic matter from below cloud, and cloud droplet residuals off the coast of Monterey, California were collected; offline chemical composition, CCN activity and surface tension measurements coupled with Köhler Theory Analysis are used to infer the molar volume and surfactant characteristics of organics in both samples. Based on the surface tension depression of the samples, it is unlikely that the aerosol contains strong surfactants. The activation kinetics for all samples examined are consistent with rapid (NH42SO4 calibration aerosol. This is consistent with our current understanding of droplet kinetics for ambient CCN. However, the carbonaceous material in cloud drop residuals is far more hygroscopic than in sub-cloud aerosol, suggestive of the impact of cloud chemistry on the hygroscopic properties of organic matter.

  1. Identification of a new marine algal species Pyropia nitida sp. nov. (Bangiales: Rhodophyta) from Monterey, California.

    Science.gov (United States)

    Harden, Leeanne K; Morales, Karina M; Hughey, Jeffery R

    2016-07-01

    An unidentified marine red algal species classified in Pyropia J. Agardh was discovered from Monterey, CA. Morphological, barcode, and complete mitochondrial genome analysis of the alga support its recognition as a new species, Pyropia nitida sp. nov. The species is a high-intertidal, winter annual that is lanceolate in shape, monostromatic, and dioecious. Based on CO1 sequences, P. nitida is closely allied with the P. nereocystis clade. The mitogenome of P. nitida is 35 313 bp in length and contains 53 genes, including two ribosomal RNAs, 24 transfer RNAs, four ribosomal proteins, two ymfs, four ORFs, and 17 genes involved in electron transport and oxidative phosphorylation. The results support the recognition of P. nitida as distinct from the morphologically similar P. lanceolata.

  2. The timing of sediment transport down Monterey Submarine Canyon, offshore California

    DEFF Research Database (Denmark)

    Stevens, Thomas; Paull, C.K.; Ussler, W., III

    2014-01-01

    luminescence (OSL) ages of quartz sand deposits and accelerator mass spectrometry 14C ages measured on benthic foraminifera to examine the timing of sediment transport through the axial channel of Monterey Submarine Canyon and Fan, offshore California. The OSL ages date the timing of sediment entry...... dates with water depth provides evidence of mixing and temporary storage of sediment as it moves through the canyon system. The ages also indicate that the frequency of sediment transport events decreases with distance down the canyon channel system. The amalgamated sands near the canyon head yield OSL......While submarine canyons are the major conduits through which sediments are transported from the continents out into the deep sea, the time it takes for sediment to pass down through a submarine canyon system is poorly constrained. Here we report on the first study to couple optically stimulated...

  3. 33 CFR 100.124 - Maggie Fischer Memorial Great South Bay Cross Bay Swim, Great South Bay, New York.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 1 2010-07-01 2010-07-01 false Maggie Fischer Memorial Great South Bay Cross Bay Swim, Great South Bay, New York. 100.124 Section 100.124 Navigation and Navigable... NAVIGABLE WATERS § 100.124 Maggie Fischer Memorial Great South Bay Cross Bay Swim, Great South Bay, New York...

  4. Estimating uncertainty of data limited stock assessments

    DEFF Research Database (Denmark)

    Kokkalis, Alexandros; Eikeset, Anne Maria; Thygesen, Uffe Høgsbro

    2017-01-01

    -limited. Particular emphasis is put on providing uncertainty estimates of the data-limited assessment. We assess four cod stocks in the North-East Atlantic and compare our estimates of stock status (F/Fmsy) with the official assessments. The estimated stock status of all four cod stocks followed the established stock...

  5. Chesapeake Bay under stress

    Science.gov (United States)

    According to extensive data obtained over its 13,000 km of shoreline, the Chesapeake Bay has been suffering a major, indeed unprecedented, reduction in submerged vegetation. Chesapeake Bay is alone in experiencing decline in submerged vegetation. Other estuary systems on the east coast of the United States are not so affected. These alarming results were obtained by the synthesis of the findings of numerous individual groups in addition to large consortium projects on the Chesapeake done over the past decade. R. J. Orth and R. A. Moore of the Virginia Institute of Marine Science pointed to the problem of the severe decline of submerged grasses on the Bay and along its tributaries. In a recent report, Orth and Moore note: “The decline, which began in the 1960's and accelerated in the 1970's, has affected all species in all areas. Many major river systems are now totally devoid of any rooted vegetation” (Science, 222, 51-53, 1983).

  6. Mobile Bay turbidity study

    Science.gov (United States)

    Crozier, G. F.; Schroeder, W. W.

    1978-01-01

    The termination of studies carried on for almost three years in the Mobile Bay area and adjacent continental shelf are reported. The initial results concentrating on the shelf and lower bay were presented in the interim report. The continued scope of work was designed to attempt a refinement of the mathematical model, assess the effectiveness of optical measurement of suspended particulate material and disseminate the acquired information. The optical characteristics of particulate solutions are affected by density gradients within the medium, density of the suspended particles, particle size, particle shape, particle quality, albedo, and the angle of refracted light. Several of these are discussed in detail.

  7. Analysis of Economic Factors Affecting Stock Market

    OpenAIRE

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  8. Essays on Stock Issuance

    DEFF Research Database (Denmark)

    Kohl, Niklas

    Firms which issue new equity subsequently have lower returns than other firms, but does the strength of the issuance effect vary in the cross section of firms? The essay shows, that US firms with characteristics that makes them “hard to value” have returns which are strongly related to their past...... issuance activity, while the return of “easy to value” firms are less related to their past issuance activity. In most cases the difference between “hard to value” and “easy to value” firms are signiffcant. As proxies for “hard to value”, I use three different types of firm characteristics. First, I...... consider firms for which relatively little information is available as “hard to value”. Examples are firms covered by few analysts and small firms. Second, I consider firms with high levels of analyst disagreement on stock price target, next quarter earnings per share and share recommendation as “hard...

  9. The Body Stocking

    DEFF Research Database (Denmark)

    Petersen, Louise Ravnløkke Munk; Bang, Anne Louise

    2016-01-01

    and clothing. We take as a starting point that longevity has a significant impact on furthering sustainability in textiles and clothing since it can be a driver on many levels, e.g. new business models, decisions made in the design phase and/or changes in use and consumption. The study applies variations...... of the Repertory Grid technique and Wardrobe Studies to frame a tangible dialogue enabling the parents to elaborate on personal preferences of design aesthetics and materials in baby clothing. In the analysis we use the body stocking as a common reference point for learning about reasons for high use frequency....... In addition, it is exemplified how personal taste, preferences for aesthetics and experience of wellbeing may have an impact on high use frequency. Finally, the paper points to further elaboration by suggesting a (tentative) matrix structure to better understand the parameters in designing sustainable...

  10. Online stock trading platform

    Directory of Open Access Journals (Sweden)

    Ion LUNGU

    2006-01-01

    Full Text Available The Internet is the perfect tool that can assure the market’s transparency for any user who wants to trade on the stock market. The investor can have access to the market news, financial calendar or the press releases of the issuers. A good online trading platform also provides real-time intraday quotes, trading history and technical analysis giving the investor a clearer view of the supply and demand in the market. All this information provides the investor a good image of the market and encourages him to trade. This paper wishes to draft the pieces of an online trading platform and to analyze the impact of developing and implementing one in a brokerage firm.

  11. Distribution characteristics of stock market liquidity

    Science.gov (United States)

    Luo, Jiawen; Chen, Langnan; Liu, Hao

    2013-12-01

    We examine the distribution characteristics of stock market liquidity by employing the generalized additive models for location, scale and shape (GAMLSS) model and three-minute frequency data from Chinese stock markets. We find that the BCPE distribution within the GAMLSS framework fits the distributions of stock market liquidity well with the diagnosis test. We also find that the stock market index exhibits a significant impact on the distributions of stock market liquidity. The stock market liquidity usually exhibits a positive skewness, but a normal distribution at a low level of stock market index and a high-peak and fat-tail shape at a high level of stock market index.

  12. Richards Bay effluent pipeline

    CSIR Research Space (South Africa)

    Lord, DA

    1986-07-01

    Full Text Available of major concern identified in the effluent are the large volume of byproduct calcium sulphate (phosphogypsum) which would smother marine life, high concentrations of fluoride highly toxic to marine life, heavy metals, chlorinated organic material... ........................ 9 THE RICHARDS BAY PIPELINE ........................................ 16 Environmental considerations ................................... 16 - Phosphogypsum disposal ................................... 16 - Effects of fluoride on locally occurring...

  13. Bayes and Networks

    NARCIS (Netherlands)

    Gao, F.

    2017-01-01

    The dissertation consists of research in three subjects in two themes—Bayes and networks: The first studies the posterior contraction rates for the Dirichlet-Laplace mixtures in a deconvolution setting (Chapter 1). The second subject regards the statistical inference in preferential attachment

  14. Parallel Prediction of Stock Volatility

    Directory of Open Access Journals (Sweden)

    Priscilla Jenq

    2017-10-01

    Full Text Available Volatility is a measurement of the risk of financial products. A stock will hit new highs and lows over time and if these highs and lows fluctuate wildly, then it is considered a high volatile stock. Such a stock is considered riskier than a stock whose volatility is low. Although highly volatile stocks are riskier, the returns that they generate for investors can be quite high. Of course, with a riskier stock also comes the chance of losing money and yielding negative returns. In this project, we will use historic stock data to help us forecast volatility. Since the financial industry usually uses S&P 500 as the indicator of the market, we will use S&P 500 as a benchmark to compute the risk. We will also use artificial neural networks as a tool to predict volatilities for a specific time frame that will be set when we configure this neural network. There have been reports that neural networks with different numbers of layers and different numbers of hidden nodes may generate varying results. In fact, we may be able to find the best configuration of a neural network to compute volatilities. We will implement this system using the parallel approach. The system can be used as a tool for investors to allocating and hedging assets.

  15. Do More Economists Hold Stocks?

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Joensen, Juanna Schröter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that more economists than otherwise identical investors hold stocks due to informational advantages. We confirm that economists have a significantly higher probability of participating in the stock market than investors with any other education......, even when controlling for several background characteristics. We make use of a large register-based panel data set containing detailed information on the educational attainments and various financial and socioeconomic variables. We model the stock market participation decision by the probit model...

  16. Sustainable development in the Hudson Bay/James Bay bioregion

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    An overview is presented of projects planned for the James Bay/Hudson Bay region, and the expected environmental impacts of these projects. The watershed of James Bay and Hudson Bay covers well over one third of Canada, from southern Alberta to central Ontario to Baffin Island, as well as parts of north Dakota and Minnesota in the U.S.A. Hydroelectric power developments that change the timing and rate of flow of fresh water may cause changes in the nature and duration of ice cover, habitats of marine mammals, fish and migratory birds, currents into and out of Hudson Bay/James Bay, seasonal and annual loads of sediments and nutrients to marine ecosystems, and anadromous fish populations. Hydroelectric projects are proposed for the region by Quebec, Ontario and Manitoba. In January 1992, the Canadian Arctic Resources Committee (CARC), the Environmental Committee of Sanikuluaq, and the Rawson Academy of Arctic Science will launch the Hudson Bay/James Bay Bioregion Program, an independent initiative to apply an ecosystem approach to the region. Two main objectives are to provide a comprehensive assessment of the cumulative impacts of human activities on the marine and freshwater ecosystems of the Hudson Bay/James Bay bioregion, and to foster sustainable development by examining and proposing cooperative processes for decision making among governments, developers, aboriginal peoples and other stakeholders. 1 fig

  17. Diagenetic and compositional controls of wettability in siliceous sedimentary rocks, Monterey Formation, California

    Science.gov (United States)

    Hill, Kristina M.

    Modified imbibition tests were performed on 69 subsurface samples from Monterey Formation reservoirs in the San Joaquin Valley to measure wettability variation as a result of composition and silica phase change. Contact angle tests were also performed on 6 chert samples from outcrop and 3 nearly pure mineral samples. Understanding wettability is important because it is a key factor in reservoir fluid distribution and movement, and its significance rises as porosity and permeability decrease and fluid interactions with reservoir grain surface area increase. Although the low permeability siliceous reservoirs of the Monterey Formation are economically important and prolific, a greater understanding of factors that alter their wettability will help better develop them. Imbibition results revealed a strong trend of decreased wettability to oil with increased detrital content in opal-CT phase samples. Opal-A phase samples exhibited less wettability to oil than both opal-CT and quartz phase samples of similar detrital content. Subsurface reservoir samples from 3 oil fields were crushed to eliminate the effect of capillary pressure and cleansed of hydrocarbons to eliminate wettability alterations by asphaltene, then pressed into discs of controlled density. Powder discs were tested for wettability by dispensing a controlled volume of water and motor oil onto the surface and measuring the time required for each fluid to imbibe into the sample. The syringe and software of a CAM101 tensiometer were used to control the amount of fluid dispensed onto each sample, and imbibition completion times were determined by high-speed photography for water drops; oil drop imbibition was significantly slower and imbibition was timed and determined visually. Contact angle of water and oil drops on polished chert and mineral sample surfaces was determined by image analysis and the Young-Laplace equation. Oil imbibition was significantly slower with increased detrital composition and faster

  18. New technological developments provide deep-sea sediment density flow insights: the Monterey Coordinated Canyon Experiment

    Science.gov (United States)

    O'Reilly, T. C.; Kieft, B.; Chaffey, M. R.; Wolfson-Schwehr, M.; Herlien, R.; Bird, L.; Klimov, D.; Paull, C. K.; Gwiazda, R.; Lundsten, E. M.; Anderson, K.; Caress, D. W.; Sumner, E. J.; Simmons, S.; Parsons, D. R.; Talling, P.; Rosenberger, K. J.; Xu, J.; Maier, K. L.; Gales, J. A.

    2017-12-01

    The Monterey Coordinated Canyon Experiment (CCE) deployed an array of instruments along the Monterey Canyon floor to characterize the structure, velocity and frequency of sediment flows. CCE utilized novel technologies developed at MBARI to capture sediment flow data in unprecedented detail. 1. The Seafloor Instrument Node (SIN) at 1850 meters depth housed 3 ADCPs at 3 different frequencies, CTD, current meter, oxygen optode, fluorometer/backscatter sensor, and logged data at 10 second intervals or faster. The SIN included an acoustic modem for communication with shore through a Wave Glider relay, and provided high-resolution measurements of three flow events during three successive deployments over 1.5 years. 2. Beachball-sized Benthic Event Detectors (BEDs) were deployed on or under the seafloor to measure the characteristics of sediment density flows. Each BED recorded data from a pressure sensor and a 3-axis accelerometer and gyro to characterize motions during transport events (e.g. tumble vs rotation). An acoustic modem capable of operating through more than a meter of sediment enabled communications with a ship or autonomous surface vehicle. Multiple BEDs were deployed at various depths in the canyon during CCE, detecting and measuring many transport events; one BED moved 9 km down canyon in 50 minutes during one event. 3. Wave Glider Hot Spot (HS), equipped with acoustic and RF modems, acted as data relay between SIN, BEDs and shore, and acoustically located BEDs after sediment density flows.. In some cases HS relayed BED motion data to shore within a few hours of the event. HS provided an acoustic console to the SIN, allowing shore-based users to check SIN health and status, perform maintenance, etc. 4. Mapping operations were conducted 4 times at the SIN site to quantify depositional and erosional patterns, utilizing a prototype ultra-high-resolution mapping system on the ROV Doc Ricketts. The system consists of a 400-kHz Reson 7125 multibeam sonar, a 3

  19. Teaching Sustainability and Resource Management Using NOAA's Voices Of The Bay Community Fisheries Education Curriculum

    Science.gov (United States)

    Hams, J. E.; Uttal, L.; Hunter-Thomson, K.; Nachbar, S.

    2010-12-01

    that the lab was more enjoyable than the typical lab exercises and the hands-on nature of the activity made the concept of sustainable fishing more real to them. The Office of National Marine Sanctuaries and the Monterey Bay National Marine Sanctuary sponsor professional development workshops to selected faculty to introduce the VOICES OF THE BAY fisheries education curriculum and assist with implementation in the classroom. Classroom materials are also available on the website http://sanctuaries.noaa.gov/education/voicesofthebay.html or by contacting voicesofthebay@noaa.gov.

  20. MANAGEMENT OF LOBSTER FISHERY WITH EAFM APPROACH IN PALABUHANRATU BAY

    Directory of Open Access Journals (Sweden)

    Katarina Hesty Rombe

    2018-06-01

    Full Text Available This research was conducted in the Palabuhanratu Bay-Sukabumi in March 2016. The purpose of this study is to diagnose the Palabuhanratu Lobster Fishery using factors of Ecosystem Approach to Fisheries Management (EAFM. Water sampling was conducted at two lobster fishing ground. Measuring and weighing morphology lobster were conducted in collectors’s house. The results of this study showed that Palabuhanratu bay water quality was still within tolerable limits for live lobster. Panulirus homarus  is the most widely lobster caught below the size of a decent catch, reaching 2528.9 Kg. CPUE of lobster was declining which indicates a decline in the stock of lobster. The income of fishermen were still very far from the average wage and stakeholder participation was still lacking in the management of the lobster fishery. Keywords: EAFM factors, lobster, palabuhanratu

  1. ---Stock Market Devpt in Ethiopia

    African Journals Online (AJOL)

    Jetu_E_Ch

    The term stock can be defined as “the capital or principal fund raised by a corporation .... 20 Tiruneh Legesse (2012), “Establishing Financial Markets in Ethiopia: the .... improve accounting and auditing standards, provide effective tools for.

  2. Based on BP Neural Network Stock Prediction

    Science.gov (United States)

    Liu, Xiangwei; Ma, Xin

    2012-01-01

    The stock market has a high profit and high risk features, on the stock market analysis and prediction research has been paid attention to by people. Stock price trend is a complex nonlinear function, so the price has certain predictability. This article mainly with improved BP neural network (BPNN) to set up the stock market prediction model, and…

  3. An analysis of genetic stock identification on a small geographical scale using microsatellite markers, and its application in the management of a mixed-stock fishery for Atlantic salmon Salmo salar in Ireland.

    Science.gov (United States)

    Ensing, D; Crozier, W W; Boylan, P; O'Maoiléidigh, N; McGinnity, P

    2013-06-01

    A genetic stock identification (GSI) study was undertaken in a fishery for Atlantic salmon Salmo salar to determine the effects of restrictive fishery management measures on the stock composition of the fishery, and if accurate and precise stock composition estimates could be achieved on the small geographical scale where this fishery operates, using a suite of only seven microsatellite loci. The stock composition of the Foyle fishery was shown to comprise almost exclusively of Foyle origin fish in the 3 years after restrictive measures were introduced in 2007, compared to 85% the year before. This showed that the restrictive measures resulted in the Foyle fishery being transformed from a mixed-stock fishery to an almost exclusively single-stock fishery, and showed how GSI studies can guide and evaluate management decisions to successfully manage these fisheries. Highly accurate and precise stock composition estimates were achieved in this study, using both cBAYES and ONCOR genetic software packages. This suggests accurate and precise stock composition is possible even on small geographical scales. © 2013 AFBINI. Journal of Fish Biology © 2013 The Fisheries Society of the British Isles.

  4. Persistent collective trend in stock markets

    Science.gov (United States)

    Balogh, Emeric; Simonsen, Ingve; Nagy, Bálint Zs.; Néda, Zoltán

    2010-12-01

    Empirical evidence is given for a significant difference in the collective trend of the share prices during the stock index rising and falling periods. Data on the Dow Jones Industrial Average and its stock components are studied between 1991 and 2008. Pearson-type correlations are computed between the stocks and averaged over stock pairs and time. The results indicate a general trend: whenever the stock index is falling the stock prices are changing in a more correlated manner than in case the stock index is ascending. A thorough statistical analysis of the data shows that the observed difference is significant, suggesting a constant fear factor among stockholders.

  5. Moisture Adsorption and Thermodynamic Properties of California Grown Almonds (Varieties: Nonpareil and Monterey

    Directory of Open Access Journals (Sweden)

    Li Zuo Taitano

    2012-04-01

    Full Text Available Moisture adsorption characteristics of California grown almonds (Nonpareil: pasteurized and unpasteurized almonds; Monterey: pasteurized, unpasteurized and blanched almonds were obtained using the gravimetric method over a range of water activities from 0.11 to 0.98 at 7-50ºC. The weights of almonds were measured until samples reached a constant weight. The relationship between equilibrium moisture content and water activity was established using the Guggenheim-Anderson-de Boer model. The diffusion coefficient of water in almond kernels was calculated based on Ficks second law. The monolayer moisture value of almonds ranged from 0.020 to 0.035 kg H2O kg-1 solids. The diffusion coefficient increased with temperature at a constant water activity, and decreased with water activity at a constant temperature. The thermodynamic properties (net isosteric heat, differential enthalpy and entropy were also determined. The net isosteric heat of adsorption decreased with the increasing moisture content, and the plot of differential enthalpy versus entropy satisfied the enthalpy-entropy compensation theory. The adsorption process of almond samples was enthalpy driven over the range of studied moisture contents.

  6. Triggering of frequent turbidity currents in Monterey Canyon and the role of antecedent conditioning

    Science.gov (United States)

    Clare, M. A.; Rosenberger, K. J.; Talling, P.; Barry, J.; Maier, K. L.; Parsons, D. R.; Simmons, S.; Gales, J. A.; Gwiazda, R.; McGann, M.; Paull, C. K.

    2017-12-01

    Turbidity currents pose a hazard to seafloor infrastructure, deliver organic carbon and nutrients to deep-sea communities, and form economically important deposits. Thus, determining the tempo of turbidity current activity and whether different triggers result in different flow modes is important. Identification of specific triggers is challenging, however, because most studies of turbidity currents are based on their deposits. New direct monitoring of flows and environmental conditions provides the necessary temporal constraints to identify triggering mechanisms. The Coordinated Canyon Experiment (CCE) in Monterey Canyon, offshore California is the most ambitious attempt yet to measure turbidity flows and their triggers. The CCE provides precise constraint on flow timing, initiation, and potential triggers based on measurements at 7 different instrumented moorings and 2 metocean buoys. Fifteen turbidity flows were measured in 18 months; with recorded velocities >8 m/s and run-outs of up to 50 km. Presence of live estuarine foraminifera within moored sediment traps suggests that that flows originated in water depths of Turbidity currents are thought to be triggered by processes including earthquakes, river floods and storm waves. Here we analyse seismicity, local river discharge, internal tides, wave height, direction and period data. We identify no clear control of any of these individual variables on flow timing. None of the recorded earthquakes (

  7. Effects of pruning in Monterey pine plantations affected by Fusarium circinatum

    Energy Technology Data Exchange (ETDEWEB)

    Bezos, D.; Lomba, J. M.; Martinez-Alvarez, P.; Fernandez, M.; Diez, J. J.

    2012-07-01

    Fusarium circinatum Nirenberg and O'Donnell (1998) is the causal agent of Pitch Canker Disease (PCD) in Pinus species, producing damage to the main trunk and lateral branches as well as causing branch dieback. The disease has been detected recently in northern Spain in Pinus spp. seedlings at nurseries and in Pinus radiata D. Don adult trees in plantations. Fusarium circinatum seems to require a wound to enter the tree, not only that as caused by insects but also that resulting from damage by humans, i.e. mechanical wounds. However, the effects of pruning on the infection process have yet to be studied. The aim of the present study was to know how the presence of mechanical damage caused by pruning affects PCD occurrence and severity in P. radiata plantations. Fifty P. radiata plots (pruned and unpruned) distributed throughout 16 sites affected by F. circinatum in the Cantabria region (northern Spain) were studied. Symptoms of PCD presence, such as dieback, oozing cankers and trunk deformation were evaluated in 25 trees per plot and related to pruning effect. A significant relationship between pruning and the number of cankers per tree was observed, concluding that wounds caused by pruning increase the chance of pathogen infection. Other trunk symptoms, such as the presence of resin outside the cankers, were also higher in pruned plots. These results should be taken into account for future management of Monterey Pine plantations. (Author) 36 refs.

  8. Sediment concentrations, flow conditions, and downstream evolution of two turbidity currents, Monterey Canyon, USA

    Science.gov (United States)

    Xu, Jingping; Octavio E. Sequeiros,; Noble, Marlene A.

    2014-01-01

    The capacity of turbidity currents to carry sand and coarser sediment from shallow to deep regions in the submarine environment has attracted the attention of researchers from different disciplines. Yet not only are field measurements of oceanic turbidity currents a rare achievement, but also the data that have been collected consist mostly of velocity records with very limited or no suspended sediment concentration or grain size distribution data. This work focuses on two turbidity currents measured in Monterey Canyon in 2002 with emphasis on suspended sediment from unique samples collected within the body of these currents. It is shown that concentration and grain size of the suspended material, primarily controlled by the source of the gravity flows and their interaction with bed material, play a significant role in shaping the characteristics of the turbidity currents as they travel down the canyon. Before the flows reach their normal or quasi-steady state, which is defined by bed slope, bed roughness, and suspended grain size, they might pass through a preliminary adjustment stage where they are subject to capacity-driven deposition, and release heavy material in excess. Flows composed of fine (silt/clay) sediments tend to be thicker than those with sands. The measured velocity and concentration data confirm that flow patterns differ between the front and body of turbidity currents and that, even after reaching normal state, the flow regime can be radically disrupted by abrupt changes in canyon morphology.

  9. Effect of environmental conditions and lesion age on sporulation of Phytophthora ramorum on California bay laurel, rhododendron, and camellia

    Science.gov (United States)

    Steve Tjosvold; David Chambers; Sylvia Mori

    2013-01-01

    The objective of our research was to determine the environmental conditions and lesion age favorable for Phytophthora ramorum sporulation under field conditions. For 2 years, new camellia, rhododendron, and California bay laurel (Umbellaria californica (Hook. & Arn.) Nutt.) nursery stock were seasonally inoculated (every 3 months) on foliage....

  10. Top-down control of phytoplankton by oysters in Chesapeake Bay, USA: Comment on Pomeroy et al. (2006)

    Science.gov (United States)

    Pomeroy et al. (2006) proposed that temporal and spatial mismatches between eastern oyster filtration and phytoplankton abundance will preclude restored stocks of eastern oysters from reducing the severity of hypoxia in the deep channel of central Chesapeake Bay. We refute this c...

  11. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    Directory of Open Access Journals (Sweden)

    Irshad Hira

    2017-08-01

    Full Text Available This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  12. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    OpenAIRE

    Irshad Hira

    2017-01-01

    This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  13. A marine heatwave drives massive losses from the world’s largest seagrass carbon stocks

    KAUST Repository

    Arias-Ortiz, A.

    2018-03-29

    Seagrass ecosystems contain globally significant organic carbon (C) stocks. However, climate change and increasing frequency of extreme events threaten their preservation. Shark Bay, Western Australia, has the largest C stock reported for a seagrass ecosystem, containing up to 1.3% of the total C stored within the top metre of seagrass sediments worldwide. On the basis of field studies and satellite imagery, we estimate that 36% of Shark Bay’s seagrass meadows were damaged following a marine heatwave in 2010/2011. Assuming that 10 to 50% of the seagrass sediment C stock was exposed to oxic conditions after disturbance, between 2 and 9 Tg CO could have been released to the atmosphere during the following three years, increasing emissions from land-use change in Australia by 4–21% per annum. With heatwaves predicted to increase with further climate warming, conservation of seagrass ecosystems is essential to avoid adverse feedbacks on the climate system.

  14. BCDC Bay Trail Alignment 2009

    Data.gov (United States)

    California Natural Resource Agency — The Bay Trail provides easily accessible recreational opportunities for outdoor enthusiasts, including hikers, joggers, bicyclists and skaters. It also offers a...

  15. GENERAL METHOD OF STOCKS AUDIT

    Directory of Open Access Journals (Sweden)

    Iryna Galushchak

    2017-03-01

    Full Text Available The article deals with the organization and methodology of accounting and auditing inventory enterprises. Suggestions for improvement of accounting permit to raise processing and presenting economic information to a higher level for making the economic and management decisions. Theory and practice problems of stocks audit were investigated. The basic directions of improvement of  stock audit were defined. The auditor can form an opinion about the state of business transactions of accounting of goods, define shortcomings in its organization and possible directions of elimination of violations and abuses. Program of audit of operations accounting with stocks should include the investigation of the preservation of property, valuation and posting costs, correct evaluation of purchased tangible assets, using of stocks in production. It is worth  to use techniques and methods of verification such as inventory, comparative control,  comparison of documentary evidence, counter check, check arithmetic for  audit of goods. Keywords: audit, stocks, activities of the company.

  16. Kokanee Stocking and Monitoring, Flathead Lake, 1993-1994 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Deleray, Mark (Montana Department of Fish, Wildlife and Parks, Kalispell, MT); Fredenberg, Wade (US Fish and Wildlife Service, Bozeman, MT); Hansen, Barry (Confederated Salish and Kootenai Tribes of the Flathead Nation, Pablo, MT)

    1995-07-01

    One mitigation goal of the Hungry Horse Dam fisheries mitigation program, funded by the Bonneville Power Administration, is to replace lost production of 100,000 adult kokanee in Flathead Lake. The mitigation program calls for a five-year test to determine if kokanee can be reestablished in Flathead Lake. The test consists. of annual stocking of one million hatchery-raised yearling kokanee. There are three benchmarks for judging the success of the kokanee reintroduction effort: (1) Post-stocking survival of 30 percent of planted kokanee one year after stocking; (2) Yearling to adult survival of 10 percent (100,000 adult salmon); (3) Annual kokanee harvest of 50,000 or more fish per year by 1998, with an average length of 11 inches or longer for harvested fish, and fishing pressure of 100,000 angler hours or more. Kokanee were the primary sport fish species in the Flathead Lake fishery in the early 1900s, and up until the late 1980s when the population rapidly declined in numbers and then disappeared. Factors identified which influenced the decline of kokanee are the introduction of opossum shrimp (Mysis relicta), hydroelectric operations, overharvest through angling, and competition and/or predation by lake trout (Salvelinus namaycush) and lake whitefish (Coregonur clupeaformis). The purpose of this report was to summarize the stocking program and present monitoring results from the 1993 and 1994 field seasons. In June 1993, roughly 210,000 yearling kokanee were stocked into two bays on the east shore of Flathead Lake. Following stocking, we observed a high incidence of stocked kokanee in stomach samples from lake trout captured in areas adjacent to the stocking sites and a high percentage of captured lake trout containing kokanee. Subsequent monitoring concluded that excessive lake trout predation precluded significant survival of kokanee stocked in 1993. In June 1994, over 802,000 kokanee were stocked into Big Arm Bay. The combination of near optimum water

  17. Humic Substances from Manila Bay and Bolinao Bay Sediments

    Directory of Open Access Journals (Sweden)

    Elma Llaguno

    1997-12-01

    Full Text Available The C,H,N composition of sedimentary humic acids (HA extracted from three sites in Manila Bay and six sites in Bolinao Bay yielded H/C atomic ratios of 1.1-1.4 and N/C atomic ratios of 0.09 - 0.16. The Manila Bay HA's had lower H/C and N/C ratios compared to those from Bolinao Bay. The IR spectra showed prominent aliphatic C-H and amide I and II bands. Manila Bay HA's also had less diverse molecular composition based on the GC-MS analysis of the CuO and alkaline permanganate oxidation products of the humic acids.

  18. Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Liem Pei Fun

    2012-01-01

    Full Text Available Price to Earnings Ratio (PE Ratio has been broadly used by analysts and investors for stock selection. Stocks with low PE ratio are perceived as having cheaper current price hence expected to generate higher return in subsequent period. This paper aims to examine predictability of stock return using PE Ratio based on historical relationship between PE Ratio and subsequent stock return. Particularly, it seeks to find whether stocks with high PE Ratio followed by low stocks return and on the contrary, stocks with low PE Ratio followed by high stocks return. Using stocks which are included as member of Liquidity 45 and observation period 2005-2010 as samples, results show that there is significance difference between low PE and high PE portfolio stock return in short term (holding period of 6 months but there is no significance difference between both portfolio stock return if they are hold for one, two, three, and four years. This research also finds that there is no significant relationship between stock return and (trailing PE Ratio which suggests that (trailing PE Ratio is not useful in estimating both short term and long term stock returns

  19. Evolution and Submarine Landslide Potential of Monterey Canyon Head, Offshore Central California

    Science.gov (United States)

    Maier, K. L.; Johnson, S. Y.; Hart, P. E.; Hartwell, S. R.

    2016-12-01

    Monterey Canyon, offshore central California, incises the shelf from near the shoreline to 30 km seaward where axial water depths approach 2,000 m. It is one of the world's most studied submarine canyons, yet debate continues concerning its age, formation, and associated geologic hazards. To address these issues, the USGS, with partial support from the California Seafloor Mapping Program, collected hundreds of kilometers of high-resolution, mini-sparker, single-channel (2009 and 2011 surveys) and multichannel (2015 survey) seismic-reflection profiles near the canyon head. The seismic data were combined with multibeam bathymetry to generate a geologic map of the proximal canyon, which delineates numerous faults and compound submarine landslide headwall scarps (covering up to 4 km2) along canyon walls. Seismic-reflection data reveal a massive ( 100 km2 lateral extent) paleochannel cut-and-fill complex underlying the proximal canyon. These subsurface cut-and-fill deposits span both sides of the relatively narrow modern canyon head, crop out in canyon walls, and incise into Purisima Formation (late Miocene and Pliocene) bedrock to depths of up to 0.3 s two-way travel time ( 240 m) below the modern shelf. We propose that the paleochannel complex represents previous locations of a migrating canyon head, and attribute its origin to multiple alternating cycles of fluvial and submarine canyon erosion and deposition linked to fluctuating sea levels. Thus, the canyon head imaged in modern bathymetry is a relatively young feature, perhaps forming in the last 20,000 years of sea-level rise. The paleocanyon deposits are significantly less consolidated than bedrock in deeper canyon walls, and therefore, are probably more prone to submarine landsliding. Nearby mapped faults occur within the active, distributed, San Andreas fault system, and earthquake-generated strong ground motions are likely triggers for past and future submarine landslides and potential associated tsunamis.

  20. Repeat Mapping in the Lower Monterey Submarine Canyon Sheds Light on Morphological Change During Discrete Sediment Density Flow Events

    Science.gov (United States)

    Anderson, K.; Lundsten, E. M.; Caress, D. W.; Thomas, H. J.; Paull, C. K.; Maier, K. L.; Gales, J. A.; Gwiazda, R.; Talling, P.; Xu, J.; Parsons, D. R.

    2017-12-01

    The Coordinated Canyon Experiment (CCE), a multi-institutional collaboration effort, was designed to monitor the passage of sediment density flows along the axis of Monterey Canyon, offshore California, between 200 and 1850 m water depth. An array of moorings and sensors were deployed for three 6-month periods from October 2015 to April 2017. Aligned with the CCE deployments, repeat high-resolution multibeam bathymetric surveys of the Monterey Canyon floor were conducted with a mapping AUV (Autonomous Underwater Vehicle). The AUV carried a Reson 7125 multibeam echosounder (vertical precision of 0.15 m and horizontal resolution of 1.0 m). An inertial navigation system combined with a Doppler velocity logger allowed the AUV to fly pre-programmed grids at 3 knots, while maintaining an altitude of 50 m above the seafloor, to obtain a nominal line spacing of 130 m. The floor and lower flanks of the canyon between 200 to 540 m and 1350 to 1880 m water depths were mapped six times during the CCE. These repeat maps are subtracted to create bathymetry difference grids to show morphological change. Coupling the sensor observations with the bathymetric surveys, the CCE successfully documented sediment density flow events as well as the associated changes in seafloor morphology. Between repeat surveys, three sediment density flow events reached the lower canyon, extending to at least 1850 m water depth. On January 15, 2016, a particularly large density flow traveled more than 50 km down Monterey Canyon. Unlike in the upper canyon where this event caused wholesale reorganization of geomorphological features, changes to the lower canyon morphology involved a more moderate re-sculpting of the features. The effect of a sediment density flow of known magnitude and duration on the seafloor morphology has never been documented in a deep-sea setting before.

  1. Do Earthquakes Shake Stock Markets?

    Science.gov (United States)

    Ferreira, Susana; Karali, Berna

    2015-01-01

    This paper examines how major earthquakes affected the returns and volatility of aggregate stock market indices in thirty-five financial markets over the last twenty years. Results show that global financial markets are resilient to shocks caused by earthquakes even if these are domestic. Our analysis reveals that, in a few instances, some macroeconomic variables and earthquake characteristics (gross domestic product per capita, trade openness, bilateral trade flows, earthquake magnitude, a tsunami indicator, distance to the epicenter, and number of fatalities) mediate the impact of earthquakes on stock market returns, resulting in a zero net effect. However, the influence of these variables is market-specific, indicating no systematic pattern across global capital markets. Results also demonstrate that stock market volatility is unaffected by earthquakes, except for Japan.

  2. Stock price prediction using geometric Brownian motion

    Science.gov (United States)

    Farida Agustini, W.; Restu Affianti, Ika; Putri, Endah RM

    2018-03-01

    Geometric Brownian motion is a mathematical model for predicting the future price of stock. The phase that done before stock price prediction is determine stock expected price formulation and determine the confidence level of 95%. On stock price prediction using geometric Brownian Motion model, the algorithm starts from calculating the value of return, followed by estimating value of volatility and drift, obtain the stock price forecast, calculating the forecast MAPE, calculating the stock expected price and calculating the confidence level of 95%. Based on the research, the output analysis shows that geometric Brownian motion model is the prediction technique with high rate of accuracy. It is proven with forecast MAPE value ≤ 20%.

  3. Distribution of some organochloride pesticides in the All Saints Bay, Bahia, Brazil

    International Nuclear Information System (INIS)

    Beretta, M.; Costa, M.A.; Tavares, T.M.

    1999-01-01

    First restrictions to organochlorine insecticides (OC) in Brazil date of 1976 and by 1985 they were completely prohibited. However use of existing stocks and smuggled parcels as well as official use in malaria campaigns still takes place. During the SH summer of 1995 a cross-sectional survey was conducted for organochloride pesticides in 12 intertidal sites, both in sediments and in some selected edible species of the All Saints Bay, east of Brazil

  4. Return and Risk of Pairs Trading Using a Simulation-Based Bayesian Procedure for Predicting Stable Ratios of Stock Prices

    Directory of Open Access Journals (Sweden)

    David Ardia

    2016-03-01

    Full Text Available We investigate the direct connection between the uncertainty related to estimated stable ratios of stock prices and risk and return of two pairs trading strategies: a conditional statistical arbitrage method and an implicit arbitrage one. A simulation-based Bayesian procedure is introduced for predicting stable stock price ratios, defined in a cointegration model. Using this class of models and the proposed inferential technique, we are able to connect estimation and model uncertainty with risk and return of stock trading. In terms of methodology, we show the effect that using an encompassing prior, which is shown to be equivalent to a Jeffreys’ prior, has under an orthogonal normalization for the selection of pairs of cointegrated stock prices and further, its effect for the estimation and prediction of the spread between cointegrated stock prices. We distinguish between models with a normal and Student t distribution since the latter typically provides a better description of daily changes of prices on financial markets. As an empirical application, stocks are used that are ingredients of the Dow Jones Composite Average index. The results show that normalization has little effect on the selection of pairs of cointegrated stocks on the basis of Bayes factors. However, the results stress the importance of the orthogonal normalization for the estimation and prediction of the spread—the deviation from the equilibrium relationship—which leads to better results in terms of profit per capital engagement and risk than using a standard linear normalization.

  5. Application of otolith shape analysis for stock discrimination and species identification of five goby species (Perciformes: Gobiidae) in the northern Chinese coastal waters

    Science.gov (United States)

    Yu, Xin; Cao, Liang; Liu, Jinhu; Zhao, Bo; Shan, Xiujuan; Dou, Shuozeng

    2014-09-01

    We tested the use of otolith shape analysis to discriminate between species and stocks of five goby species ( Ctenotrypauchen chinensis, Odontamblyopus lacepedii, Amblychaeturichthys hexanema, Chaeturichthys stigmatias, and Acanthogobius hasta) found in northern Chinese coastal waters. The five species were well differentiated with high overall classification success using shape indices (83.7%), elliptic Fourier coefficients (98.6%), or the combination of both methods (94.9%). However, shape analysis alone was only moderately successful at discriminating among the four stocks (Liaodong Bay, LD; Bohai Bay, BH; Huanghe (Yellow) River estuary HRE, and Jiaozhou Bay, JZ stocks) of A. hasta (50%-54%) and C. stigmatias (65.7%-75.8%). For these two species, shape analysis was moderately successful at discriminating the HRE or JZ stocks from other stocks, but failed to effectively identify the LD and BH stocks. A large number of otoliths were misclassified between the HRE and JZ stocks, which are geographically well separated. The classification success for stock discrimination was higher using elliptic Fourier coefficients alone (70.2%) or in combination with shape indices (75.8%) than using only shape indices (65.7%) in C. stigmatias whereas there was little difference among the three methods for A. hasta. Our results supported the common belief that otolith shape analysis is generally more effective for interspecific identification than intraspecific discrimination. Moreover, compared with shape indices analysis, Fourier analysis improves classification success during inter- and intra-species discrimination by otolith shape analysis, although this did not necessarily always occur in all fish species.

  6. Stock Market Expectations of Dutch Households.

    Science.gov (United States)

    Hurd, Michael; van Rooij, Maarten; Winter, Joachim

    2011-04-01

    Despite its importance for the analysis of life-cycle behavior and, in particular, retirement planning, stock ownership by private households is poorly understood. Among other approaches to investigate this puzzle, recent research has started to elicit private households' expectations of stock market returns. This paper reports findings from a study that collected data over a two-year period both on households' stock market expectations (subjective probabilities of gains or losses) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are correlated with stock ownership. Over the two years of our data, stock market prices increased, and expectations of future stock market price changes also increased, lending support to the view that expectations are influenced by recent stock gains or losses.

  7. THE INFLUENCE OF DIFFERENT STOCKING DENSITIES AND ...

    African Journals Online (AJOL)

    Helet Lambrechts

    stocking densities will have a possible inhibitory effect on the establishment of ... Keywords: Ostriches, stocking density, male:female ratio, reproductive performance .... Eggs were stored upright with the air cell in the uppermost position.

  8. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  9. Behavioral heterogeneity in stock prices

    NARCIS (Netherlands)

    Boswijk, H.P.; Hommes, C.H.; Manzan, S.

    2007-01-01

    We estimate a dynamic asset pricing model characterized by heterogeneous boundedly rational agents. The fundamental value of the risky asset is publicly available to all agents, but they have different beliefs about the persistence of deviations of stock prices from the fundamental benchmark. An

  10. Solow Residuals Without Capital Stocks

    DEFF Research Database (Denmark)

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

    We use synthetic data generated by a prototypical stochastic growth model to assess the accuracy of the Solow residual (Solow, 1957) as a measure of total factor productivity (TFP) growth when the capital stock in use is measured with error. We propose two alternative measurements based on curren...

  11. Dispositional optimism and stock investments

    NARCIS (Netherlands)

    Angelini, Viola; Cavapozzi, D.

    This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

  12. Stock option repricing in Europe

    NARCIS (Netherlands)

    Sauer, M.; Sautner, Z.

    2008-01-01

    This paper investigates the link between option repricing, firm performance and corporate governance in Europe. Our sample consists of 77 European firms that repriced their stock option between 1987 and 2003. We document that option repricing is mainly a phenomenon for young and fast growing firms

  13. Validating Virtual Safety Stock Effectiveness through Simulation

    Directory of Open Access Journals (Sweden)

    Maria Elena Nenni

    2013-08-01

    safety stock effectiveness through simulation in an inventory system using a base stock policy with periodic reviews and backorders. This approach can be useful for researchers as well as practitioners who want to model the behaviour of an inventory system under uncertain conditions and verify the opportunity for setting up a virtual safety stock on top of, or instead of, the traditional physical safety stock.

  14. Stock-market efficiency in thin-trading markets : the case of the Vietnamese stock market

    NARCIS (Netherlands)

    Truong Dong Loc, [No Value; Lanjouw, Ger; Lensink, Robert

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  15. Stock Market Efficiency in Thin Trading Markets: The Case of the Vietnamese Stock Market

    NARCIS (Netherlands)

    Dong Loc, T.; Lanjouw, G.; Lensink, B.W.

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  16. Bay of Fundy

    Science.gov (United States)

    2006-01-01

    The highest tides on Earth occur in the Minas Basin, the eastern extremity of the Bay of Fundy, Nova Scotia, Canada, where the tide range can reach 16 meters when the various factors affecting the tides are in phase. The primary cause of the immense tides of Fundy is a resonance of the Bay of Fundy-Gulf of Maine system. The system is effectively bounded at this outer end by the edge of the continental shelf with its approximately 40:1 increase in depth. The system has a natural period of approximately 13 hours, which is close to the 12h25m period of the dominant lunar tide of the Atlantic Ocean. Like a father pushing his daughter on a swing, the gentle Atlantic tidal pulse pushes the waters of the Bay of Fundy-Gulf of Maine basin at nearly the optimum frequency to cause a large to-and-fro oscillation. The greatest slosh occurs at the head (northeast end) of the system. The high tide image (top) was acquired April 20, 2001, and the low tide image (bottom) was acquired September 30, 2002. The images cover an area of 16.5 by 21 km, and are centered near 64 degrees west longitude and 45.5 degrees north latitude. With its 14 spectral bands from the visible to the thermal infrared wavelength region, and its high spatial resolution of 15 to 90 meters (about 50 to 300 feet), ASTER images Earth to map and monitor the changing surface of our planet. ASTER is one of five Earth-observing instruments launched December 18, 1999, on NASA's Terra satellite. The instrument was built by Japan's Ministry of Economy, Trade and Industry. A joint U.S./Japan science team is responsible for validation and calibration of the instrument and the data products. The broad spectral coverage and high spectral resolution of ASTER provides scientists in numerous disciplines with critical information for surface mapping, and monitoring of dynamic conditions and temporal change. Example applications are: monitoring glacial advances and retreats; monitoring potentially active volcanoes; identifying

  17. Students Invest in the Stock Market

    Science.gov (United States)

    Parker, George O.

    1977-01-01

    How one teacher motivated students to learn about the stock market by allowing them to actually invest money. Class discussion covered inexpensive ways to buy stock, choosing securities, and buying and selling stock. Suggestions are offered for adapting this project for use at the secondary level. (TA)

  18. Stochastic GARCH dynamics describing correlations between stocks

    Science.gov (United States)

    Prat-Ortega, G.; Savel'ev, S. E.

    2014-09-01

    The ARCH and GARCH processes have been successfully used for modelling price dynamics such as stock returns or foreign exchange rates. Analysing the long range correlations between stocks, we propose a model, based on the GARCH process, which is able to describe the main characteristics of the stock price correlations, including the mean, variance, probability density distribution and the noise spectrum.

  19. Maintenance Appointments in Railway Rolling Stock Rescheduling

    NARCIS (Netherlands)

    J.C. Wagenaar (Joris); L.G. Kroon (Leo); M.E. Schmidt (Marie)

    2016-01-01

    textabstractThis paper addresses the Rolling Stock Rescheduling Problem (RSRP), while taking maintenance appointments into account. After a disruption, the rolling stock of the disrupted passenger trains has to be rescheduled in order to restore a feasible rolling stock circulation. Usually, a

  20. On the Design of Artificial Stock Markets

    NARCIS (Netherlands)

    K. Boer-Sorban (Katalin); A. de Bruin (Arie); U. Kaymak (Uzay)

    2005-01-01

    textabstractArtificial stock markets are designed with the aim to study and understand market dynamics by representing (part of) real stock markets. Since there is a large variety of real stock markets with several partially observable elements and hidden processes, artificial markets differ

  1. Are Stock and Corporate Bond Markets Integrated?

    NARCIS (Netherlands)

    van Zundert, J.; Driessen, Joost

    2017-01-01

    This study explores the cross-sectional integration of stock and corporate bond markets by comparing a firm’s expected stock return, as implied by corporate bond spreads, to its realized stock return. We compute expected corporate bond returns by correcting credit spreads for expected losses due to

  2. Stock market dynamics created by interacting agents

    Directory of Open Access Journals (Sweden)

    Mohamed Riad Remita

    2006-01-01

    Full Text Available We study a stock market model, consisting in a large number of agents, going eventually to infinity, and evaluate the stock price under the influence of opinions of different agents. Next we study the behavior of prices when the market is very nervous; there appear discontinuities (phase transitions which can be interpreted as stock market crashes.

  3. 12 CFR 725.5 - Capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Capital stock. 725.5 Section 725.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY § 725.5 Capital stock. (a) The capital stock of the Facility is divided...

  4. Stocking chart for upland central hardwoods

    Science.gov (United States)

    Martin E. Dale; Donald E. Hilt

    1989-01-01

    The upland hardwoods stocking chart, introduced by Gingrich in 1967, has become one of the forest manager's most useful tools. The chart allows you to determine the condition of the present stand in relation to a stocking standard. The stocking of a stand is extremely helpful in prescribing various silvicultural treatments such as intermediate thinnings,...

  5. Analysis on the Influence of Stock Index Futures on Chinese Stock Market

    Institute of Scientific and Technical Information of China (English)

    王钊

    2014-01-01

    As the first product of financial futures in China, CSI 300 Stock Index Futures is a symbol of the continual improvement and development of Chinese capital market system. So it would be bound to generate immeasurable influence on Chinese capital market and financial system. Starting from introducing the relevant summaries of stock index futures, this paper analyzes the influence of the stock index futures on the fluctuation in the international stock market;then, it analyzes influence of the stock index futures on the fluctuation in Chinese stock market, in order to propose some suggestions to the policies for developing Chinese stock index futures.

  6. How well do basic models describe the turbidity currents coming down Monterey and Congo Canyon?

    Science.gov (United States)

    Cartigny, M.; Simmons, S.; Heerema, C.; Xu, J. P.; Azpiroz, M.; Clare, M. A.; Cooper, C.; Gales, J. A.; Maier, K. L.; Parsons, D. R.; Paull, C. K.; Sumner, E. J.; Talling, P.

    2017-12-01

    Turbidity currents rival rivers in their global capacity to transport sediment and organic carbon. Furthermore, turbidity currents break submarine cables that now transport >95% of our global data traffic. Accurate turbidity current models are thus needed to quantify their transport capacity and to predict the forces exerted on seafloor structures. Despite this need, existing numerical models are typically only calibrated with scaled-down laboratory measurements due to the paucity of direct measurements of field-scale turbidity currents. This lack of calibration thus leaves much uncertainty in the validity of existing models. Here we use the most detailed observations of turbidity currents yet acquired to validate one of the most fundamental models proposed for turbidity currents, the modified Chézy model. Direct measurements on which the validation is based come from two sites that feature distinctly different flow modes and grain sizes. The first are from the multi-institution Coordinated Canyon Experiment (CCE) in Monterey Canyon, California. An array of six moorings along the canyon axis captured at least 15 flow events that lasted up to hours. The second is the deep-sea Congo Canyon, where 10 finer grained flows were measured by a single mooring, each lasting several days. Moorings captured depth-resolved velocity and suspended sediment concentration at high resolution (turbidity currents; the modified Chézy model. This basic model has been very useful for river studies over the past 200 years, as it provides a rapid estimate of how flow velocity varies with changes in river level and energy slope. Chézy-type models assume that the gravitational force of the flow equals the friction of the river-bed. Modified Chézy models have been proposed for turbidity currents. However, the absence of detailed measurements of friction and sediment concentration within full-scale turbidity currents has forced modellers to make rough assumptions for these parameters. Here

  7. The timing of sediment transport down Monterey Submarine Canyon, offshore California

    Science.gov (United States)

    Stevens, Thomas; Paull, Charles K.; Ussler, William III; McGann, Mary; Buylaert, Jan-Pieter; Lundsten, Eve M.

    2013-01-01

    While submarine canyons are the major conduits through which sediments are transported from the continents out into the deep sea, the time it takes for sediment to pass down through a submarine canyon system is poorly constrained. Here we report on the first study to couple optically stimulated luminescence (OSL) ages of quartz sand deposits and accelerator mass spectrometry 14C ages measured on benthic foraminifera to examine the timing of sediment transport through the axial channel of Monterey Submarine Canyon and Fan, offshore California. The OSL ages date the timing of sediment entry into the canyon head while the 14C ages of benthic foraminifera record the deposition of hemipelagic sediments that bound the sand horizons. We use both single-grain and small (∼2 mm area) single-aliquot regeneration approaches on vibracore samples from fining-upward sequences at various water depths to demonstrate relatively rapid, decadal-scale sand transport to at least 1.1 km depth and more variable decadal- to millennial-scale transport to a least 3.5 km depth on the fan. Significant differences between the time sand was last exposed at the canyon head (OSL age) and the timing of deposition of the sand (from 14C ages of benthic foraminifera in bracketing hemipelagic sediments) are interpreted as indicating that the sand does not pass through the entire canyon instantly in large individual events, but rather moves multiple times before emerging onto the fan. The increased spread in single-grain OSL dates with water depth provides evidence of mixing and temporary storage of sediment as it moves through the canyon system. The ages also indicate that the frequency of sediment transport events decreases with distance down the canyon channel system. The amalgamated sands near the canyon head yield OSL ages that are consistent with a sub-decadal recurrence frequency while the fining-upward sand sequences on the fan indicate that the channel is still experiencing events with a 150

  8. USGS Tampa Bay Pilot Study

    Science.gov (United States)

    Yates, K.K.; Cronin, T. M.; Crane, M.; Hansen, M.; Nayeghandi, A.; Swarzenski, P.; Edgar, T.; Brooks, G.R.; Suthard, B.; Hine, A.; Locker, S.; Willard, D.A.; Hastings, D.; Flower, B.; Hollander, D.; Larson, R.A.; Smith, K.

    2007-01-01

    Many of the nation's estuaries have been environmentally stressed since the turn of the 20th century and will continue to be impacted in the future. Tampa Bay, one the Gulf of Mexico's largest estuaries, exemplifies the threats that our estuaries face (EPA Report 2001, Tampa Bay Estuary Program-Comprehensive Conservation and Management Plan (TBEP-CCMP)). More than 2 million people live in the Tampa Bay watershed, and the population constitutes to grow. Demand for freshwater resources, conversion of undeveloped areas to resident and industrial uses, increases in storm-water runoff, and increased air pollution from urban and industrial sources are some of the known human activities that impact Tampa Bay. Beginning on 2001, additional anthropogenic modifications began in Tampa Bat including construction of an underwater gas pipeline and a desalinization plant, expansion of existing ports, and increased freshwater withdrawal from three major tributaries to the bay. In January of 2001, the Tampa Bay Estuary Program (TBEP) and its partners identifies a critical need for participation from the U.S. Geological Survey (USGS) in providing multidisciplinary expertise and a regional-scale, integrated science approach to address complex scientific research issue and critical scientific information gaps that are necessary for continued restoration and preservation of Tampa Bay. Tampa Bay stakeholders identified several critical science gaps for which USGS expertise was needed (Yates et al. 2001). These critical science gaps fall under four topical categories (or system components): 1) water and sediment quality, 2) hydrodynamics, 3) geology and geomorphology, and 4) ecosystem structure and function. Scientists and resource managers participating in Tampa Bay studies recognize that it is no longer sufficient to simply examine each of these estuarine system components individually, Rather, the interrelation among system components must be understood to develop conceptual and

  9. Stock Market Optimism and Cointegration among Stocks: The Case of the Prague Stock Exchange

    Czech Academy of Sciences Publication Activity Database

    Baxa, Jaromír

    2007-01-01

    Roč. 15, č. 4 (2007), s. 5-16 ISSN 0572-3043 R&D Projects: GA ČR GD402/03/H057 Institutional research plan: CEZ:AV0Z10750506 Keywords : stock market * optimism * cointegration Subject RIV: AH - Economics

  10. Stock Market Manipulation on the Hong Kong Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dionigi Gerace

    2014-10-01

    Full Text Available This study is the first to empirically examine stock market manipulation on the Hong Kong Stock Exchange. The dataset contains 40 cases of market manipulation from 1996 to 2009 that were successfully prosecuted by the Hong Kong Securities & Futures Commission. Manipulation is found to negatively impact market efficiency measures such as the bid-ask spread and volatility. Markets appear incapable of efficiently responding to the presence of manipulators and are characterised by information asymmetry. Manipulators were successfully able to raise prices and exit the market. This finding contradicts views that trade-based manipulation is entirely unprofitable and self-deterring. The victimisation of information-seeking investors and the market as a whole provides a strong rationale for all jurisdictions, including Australia, to have effective laws that prohibit manipulation and for robust enforcement of those laws to further deter market manipulation.

  11. Financial news predicts stock market volatility better than close price

    Directory of Open Access Journals (Sweden)

    Adam Atkins

    2018-06-01

    Full Text Available The behaviour of time series data from financial markets is influenced by a rich mixture of quantitative information from the dynamics of the system, captured in its past behaviour, and qualitative information about the underlying fundamentals arriving via various forms of news feeds. Pattern recognition of financial data using an effective combination of these two types of information is of much interest nowadays, and is addressed in several academic disciplines as well as by practitioners. Recent literature has focused much effort on the use of news-derived information to predict the direction of movement of a stock, i.e. posed as a classification problem, or the precise value of a future asset price, i.e. posed as a regression problem. Here, we show that information extracted from news sources is better at predicting the direction of underlying asset volatility movement, or its second order statistics, rather than its direction of price movement. We show empirical results by constructing machine learning models of Latent Dirichlet Allocation to represent information from news feeds, and simple naïve Bayes classifiers to predict the direction of movements. Empirical results show that the average directional prediction accuracy for volatility, on arrival of new information, is 56%, while that of the asset close price is no better than random at 49%. We evaluate these results using a range of stocks and stock indices in the US market, using a reliable news source as input. We conclude that volatility movements are more predictable than asset price movements when using financial news as machine learning input, and hence could potentially be exploited in pricing derivatives contracts via quantifying volatility. Keywords: Machine learning, Natural language processing, Volatility forecasting, Technical analysis, Computational finance

  12. NOAA Office for Coastal Management Coastal Inundation Digital Elevation Model: San Francisco Bay/Monterey (CA) WFO - Contra Costa, San Francisco, Alameda, San Mateo, and Santa Clara Counties

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This digital elevation model (DEM) is a part of a series of DEMs produced for the National Oceanic and Atmospheric Administration Office for Coastal Management's Sea...

  13. Comparison of Trajectories Generated by the NOAA Oil Spill Model to Trajectories Produced Using HF Radar-Derived Curents in Monterey Bay

    National Research Council Canada - National Science Library

    Smith, Margaret

    1997-01-01

    .... Trajectories produced by the NOAA/HAZMAT On-Scene Spill Model, using different combinations of surface currents and winds, were compared to trajectories generated using HF radar-derived surface currents...

  14. Oceanographic temperature, salinity, oxygen and other measurements collected using bottle in Monterey Bay, California, January 1972 to April 1973 (NODC Accession 0014018)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Temperature profile, nutrients, and meteorological data were collected using bottle casts in the North Pacific Ocean from 19 January 1972 to 20 April 1973. Data were...

  15. Development of a Genome-Proxy Microarray for Profiling Marine Microbial Communities and its Application to a Time Series in Monterey Bay, California

    Science.gov (United States)

    2008-09-01

    AutoGenprep 960 ( AutoGen , Holliston, Massachusetts) auto- mated extraction robot, followed by treatment to digest Eschehchia coli DNA with ATP-dependent...Acknowledgements We thank Joseph DeRisi and David Wang for advice about array design, Andrew Gracey and George Somero for microarray training , Dennis Ryan for...computational assis- tance, Penny Chisholm for incubator space and inocula for growing the Prochlorococcus cultures, and Matthew Sullivan for training

  16. Assessing the Impact of GODAE Boundary Conditions on the Estimate and Prediction of the Monterey Bay and California Central Coast Circulation

    National Research Council Canada - National Science Library

    Edwards, Christopher A; Moore, Andrew M; Wunsch, Carl; Doyle, James D; Schwing, Franklin B; Foley, David

    2006-01-01

    ... coastline of this region also leave it exposed to the energetic circulation of the California Current System offshore and more generally to the stratification and transports of the eastern Pacific ocean...

  17. Lavaca Bay 1985-1987

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Samples were collected from October 15, 1985 through June 12, 1987 in emergent marsh and non-vegetated habitats throughout the Lavaca Bay system to characterize...

  18. FL BAY SPECTROUT-DIET

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Juvenile spotted seatrout and other sportfish are being monitored annually over a 6-mo period in Florida Bay to assess their abundance over time relative to...

  19. Valuation of common and preferred stocks

    Directory of Open Access Journals (Sweden)

    Nikolić Ljubica

    2014-01-01

    Full Text Available Buying stocks is a modern way of investing. The investors may place the available capital on the domestic and foreign stock market, they may buy more stocks of a single issuer or distribute money to purchase stocks of various public (stock-exchange companies, and they may form a portfolio of various securities. The investors' decisions on these options are based on their estimate on returns and risks underlying individual security instruments (securities. The two basic approaches to valuation of common stocks are: the Present Value Approach (method of valuating the capitalization of income and the P/E Ratio Approach (the method of valuating the multiple of per-share earnings. Instead of viewing these methods as competing alternatives, they should better be viewed as mutually complementary methods. Both methods are equally useful and their concurrent use may provide better grounds for the analysts' valuation of stocks.

  20. Recent results from Daya Bay

    Directory of Open Access Journals (Sweden)

    Chua Ming-chung

    2016-01-01

    Full Text Available Utilizing powerful nuclear reactors as antineutrino sources, high mountains to provide ample shielding from cosmic rays in the vicinity, and functionally identical detectors with large target volume for near-far relative measurement, the Daya Bay Reactor Neutrino Experiment has achieved unprecedented precision in measuring the neutrino mixing angle θ13 and the neutrino mass squared difference |Δm2ee|. I will report the latest Daya Bay results on neutrino oscillations and light sterile neutrino search.

  1. Does Employee Stock Ownership Work?

    DEFF Research Database (Denmark)

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

    studies, we focus on the effects of changes in varying attributes of existing ESO—the effects on the intensive margin. Our fixed effect estimates show that an increase in the strength of the existing ESO plans measured by stake per employee results in statistically significant productivity gains....... Furthermore, such productivity gains are found to lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis of Tobin's Q suggests that the market tends to view such gains from ESO plans as permanent. We further find that increasing the stake......This paper provides novel evidence on the effects of employee stock ownership (ESO), using new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989-2013. Unlike most prior...

  2. Statistical modelling of fish stocks

    DEFF Research Database (Denmark)

    Kvist, Trine

    1999-01-01

    for modelling the dynamics of a fish population is suggested. A new approach is introduced to analyse the sources of variation in age composition data, which is one of the most important sources of information in the cohort based models for estimation of stock abundancies and mortalities. The approach combines...... and it is argued that an approach utilising stochastic differential equations might be advantagous in fish stoch assessments....

  3. Is the stock market efficient?

    Science.gov (United States)

    Malkiel, B G

    1989-03-10

    A stock market is said to be efficient if it accurately reflects all relevant information in determining security prices. Critics have asserted that share prices are far too volatile to be explained by changes in objective economic events-the October 1987 crash being a case in point. Although the evidence is not unambiguous, reports of the death of the efficient market hypothesis appear premature.

  4. Tick size and stock returns

    Science.gov (United States)

    Onnela, Jukka-Pekka; Töyli, Juuso; Kaski, Kimmo

    2009-02-01

    Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid-ask spread, influences the strategy of trading order placement in electronic markets, affects the price formation mechanism, and appears to be related to the long-term memory of volatility clustering. In this paper we investigate the impact of tick size on stock returns. We start with a simple simulation to demonstrate how continuous returns become distorted after confining the price to a discrete grid governed by the tick size. We then move on to a novel experimental set-up that combines decimalization pilot programs and cross-listed stocks in New York and Toronto. This allows us to observe a set of stocks traded simultaneously under two different ticks while holding all security-specific characteristics fixed. We then study the normality of the return distributions and carry out fits to the chosen distribution models. Our empirical findings are somewhat mixed and in some cases appear to challenge the simulation results.

  5. Direct sampling during multiple sediment density flows reveals dynamic sediment transport and depositional environment in Monterey submarine canyon

    Science.gov (United States)

    Maier, K. L.; Gales, J. A.; Paull, C. K.; Gwiazda, R.; Rosenberger, K. J.; McGann, M.; Lundsten, E. M.; Anderson, K.; Talling, P.; Xu, J.; Parsons, D. R.; Barry, J.; Simmons, S.; Clare, M. A.; Carvajal, C.; Wolfson-Schwehr, M.; Sumner, E.; Cartigny, M.

    2017-12-01

    Sediment density flows were directly sampled with a coupled sediment trap-ADCP-instrument mooring array to evaluate the character and frequency of turbidity current events through Monterey Canyon, offshore California. This novel experiment aimed to provide links between globally significant sediment density flow processes and their resulting deposits. Eight to ten Anderson sediment traps were repeatedly deployed at 10 to 300 meters above the seafloor on six moorings anchored at 290 to 1850 meters water depth in the Monterey Canyon axial channel during 6-month deployments (October 2015 - April 2017). Anderson sediment traps include a funnel and intervalometer (discs released at set time intervals) above a meter-long tube, which preserves fine-scale stratigraphy and chronology. Photographs, multi-sensor logs, CT scans, and grain size analyses reveal layers from multiple sediment density flow events that carried sediment ranging from fine sand to granules. More sediment accumulation from sediment density flows, and from between flows, occurred in the upper canyon ( 300 - 800 m water depth) compared to the lower canyon ( 1300 - 1850 m water depth). Sediment accumulated in the traps during sediment density flows is sandy and becomes finer down-canyon. In the lower canyon where sediment directly sampled from density flows are clearly distinguished within the trap tubes, sands have sharp basal contacts, normal grading, and muddy tops that exhibit late-stage pulses. In at least two of the sediment density flows, the simultaneous low velocity and high backscatter measured by the ADCPs suggest that the trap only captured the collapsing end of a sediment density flow event. In the upper canyon, accumulation between sediment density flow events is twice as fast compared to the lower canyon; it is characterized by sub-cm-scale layers in muddy sediment that appear to have accumulated with daily to sub-daily frequency, likely related to known internal tidal dynamics also measured

  6. Near real-time noise removal for the Monterey Ocean Bottom Broadband (MOBB) seismic station data

    Science.gov (United States)

    Guinois, M.; Zheng, Z.; Taira, T.; Romanowicz, B. A.

    2012-12-01

    The Monterey Ocean Bottom Broadband (MOBB) observatory, located 40 km offshore central California, at a water depth of 1000 m, provides important complementary coverage of the San Andreas Fualt system to the land-based network. First installed in 2002, it is arguably the longest lived ocean bottom broadband seismic station. It includes a three-component broadband Guralp CMG-1T seismometer and a collocated differential pressure gauge (DPG) to measure the local water pressure continuously, as well as a current meter. After 7 years of autonomous operation, in February 2009, MOBB was successfully connected to the MARS cable (http://www.mbari.org/mars), and the data have been available in real time at the Northern California Earthquake Data Center (Romanowicz et al., 2009). However, the usage of MOBB data has been limited because of the noisy character of the data, in particular at periods of interest for regional moment tensor studies (20-100 sec), due to the ocean infragravity waves. Crawford and Webb (2000) demonstrated that there is a strong correlation between the water pressure and the vertical component of seafloor ground velocity in the infragravity wave band. Applying this to MOBB vertical component data, a transfer function (TF) was determined and utilized to successfully deconvolve the pressure-correlated noise from the vertical component of MOBB seismograms (Dolenc et al., 2007) in the period band 20-200 sec. Romanowicz et al. (2003, 2009) presented examples of how the cleaned MOBB data contribute to the determination of source parameters and regional structure. These past efforts, however, have been mostly case studies for illustration purpose. In this study, we systematically process all the available MOBB data since 2009 (because the cable was trawled, about a year of data is missing from February 2010 to June 2011). We calculate the TF over time and find that it is generally very stable, except for one change in 2010 due to an instrument replacement. Two

  7. The past and future of food stocks

    International Nuclear Information System (INIS)

    Laio, Francesco; Ridolfi, Luca; D’Odorico, Paolo

    2016-01-01

    Human societies rely on food reserves and the importation of agricultural goods as means to cope with crop failures and associated food shortage. While food trade has been the subject of intensive investigations in recent years, food reserves remain poorly quantified. It is unclear how food stocks are changing and whether they are declining. In this study we use food stock records for 92 products to reconstruct 50 years of aggregated food reserves, expressed in caloric equivalent (kcal), at the regional and global scales. A detailed statistical analysis demonstrates that the overall regional and global per-capita food stocks are stationary, challenging a widespread impression that food reserves are shrinking. We develop a statistically-sound stochastic representation of stock dynamics and take the stock-halving probability as a measure of the natural variability of the process. We find that there is a 20% probability that the global per-capita stocks will be halved by 2050. There are, however, some strong regional differences: Western Europe and the region encompassing North Africa and the Middle East have smaller halving probabilities and smaller per-capita stocks, while North America and Oceania have greater halving probabilities and greater per-capita stocks than the global average. Africa exhibits low per-capita stocks and relatively high probability of stock halving by 2050, which reflects a state of higher food insecurity in this continent. (letter)

  8. Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tajus Subqi

    2016-08-01

    Full Text Available This research had analyzed the effect of financial performance and stock beta (systematic risk towards stock price of eight listed companies in Jakarta Islamic Index (JII – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.   Keywords: financial performance analysis, stock price, stock beta (systematic risk, Jakarta Islamic Index

  9. The synchronicity between the stock and the stock index via information in market

    Science.gov (United States)

    Gao, Hai-Ling; Li, Jiang-Cheng; Guo, Wei; Mei, Dong-Cheng

    2018-02-01

    The synchronicity between the stock and the stock-index in a market system is investigated. The results show that: (i) the synchronicity between the stock and the stock-index increases with the rising degree of market information capitalized into stock prices in certain range; (ii) the synchronicity decreases for large firm-specific information; (iii) the stock return synchronicity is small compared to the big noise trading, however the variance noise facilitates the synchronization within the tailored realms. These findings may be helpful in understanding the effect of market information on synchronicity, especially for the response of firm-specific information and noise trading to synchronicity.

  10. Otolith chemical composition as a useful tool for sciaenid stock discrimination in the south-western Atlantic

    Directory of Open Access Journals (Sweden)

    Alejandra V. Volpedo

    2006-06-01

    Full Text Available Striped weakfish (Cynoscion guatucupa and whitemouth croaker (Micropogonias furnieri are important commercial and recreational species found in abundance along the South American Atlantic coast. In recent years otolith chemical composition has been used as a tool for identifying fish stocks for several species. The chemical composition of C. guatucupa and M. furnieri otoliths was determined by inductively coupled plasma-optical emission spectrometry (ICP-OES in samples from coastal sites (Partido de La Costa, Mar del Plata and San Blás Bay. Significant differences in the ratios of Mg/Ca, Mn/Ca and Sr/Ca for C. guatucupa otoliths and Cd/Ca, Cu/Ca, Mg/Ca, Sr/Ca and Zn/Ca for M. furnieri otoliths suggest the existence of two different fish stocks, one originating in the north (including Samborombón Bay and Partido de La Costa fisheries and another originating in the south (including “El Rincón” and San Blás fisheries. These results agree with previous studies on the same species using different methodologies. These stocks may be separated by an oceanographic barrier, the “Frente El Rincón”. Otolith chemical composition has not been previously used in South America for identifying fish stocks and may be a simple, quick and useful tool for the sustainable exploitation and management of commercial species.

  11. Carbon-isotope stratigraphy from terrestrial organic matter through the Monterey event, Miocene, New Jersey margin (IODP Expedition 313)

    DEFF Research Database (Denmark)

    Fang, Linhao; Bjerrum, Christian J.; Hesselbo, Stephen P.

    2013-01-01

    documented from oceanic settings (i.e., lack of positive excursion of carbon-isotope values in terrestrial organic matter through the Langhian Stage). Factors that may potentially bias local terrestrial carbon-isotope records include reworking from older deposits, degradation and diagenesis, as well....../or reworking of older woody phytoclasts, but where such processes have occurred they do not readily explain the observed carbon-isotope values. It is concluded that the overall carbon-isotope signature for the exchangeable carbon reservoir is distorted, to the extent that the Monterey event excursion...... is not easily identifiable. The most likely explanation is that phytoclast reworking has indeed occurred in clinoform toe-of-slope facies, but the reason for the resulting relatively heavy carbon-isotope values in the Burdigalian remains obscure....

  12. The Australian stock market development: Prospects and challenges

    OpenAIRE

    Sheilla Nyasha; Nicholas M. Odhiambo

    2013-01-01

    This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these r...

  13. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  14. The stock selection problem: Is the stock selection approach more important than the optimization method? Evidence from the Danish stock market

    OpenAIRE

    Grobys, Klaus

    2011-01-01

    Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios' out-of-sample performance. The empirical study here takes into account the Danish stock market from 2000-2010 and gives evidence that stock portfolios including small companies' stocks being estimated via coin...

  15. Abundance and survival rates of the Hawai'i Island associated spinner dolphin (Stenella longirostris stock.

    Directory of Open Access Journals (Sweden)

    Julian A Tyne

    Full Text Available Reliable population estimates are critical to implement effective management strategies. The Hawai'i Island spinner dolphin (Stenella longirostris is a genetically distinct stock that displays a rigid daily behavioural pattern, foraging offshore at night and resting in sheltered bays during the day. Consequently, they are exposed to frequent human interactions and disturbance. We estimated population parameters of this spinner dolphin stock using a systematic sampling design and capture-recapture models. From September 2010 to August 2011, boat-based photo-identification surveys were undertaken monthly over 132 days (>1,150 hours of effort; >100,000 dorsal fin images in the four main resting bays along the Kona Coast, Hawai'i Island. All images were graded according to photographic quality and distinctiveness. Over 32,000 images were included in the analyses, from which 607 distinctive individuals were catalogued and 214 were highly distinctive. Two independent estimates of the proportion of highly distinctive individuals in the population were not significantly different (p = 0.68. Individual heterogeneity and time variation in capture probabilities were strongly indicated for these data; therefore capture-recapture models allowing for these variations were used. The estimated annual apparent survival rate (product of true survival and permanent emigration was 0.97 SE ± 0.05. Open and closed capture-recapture models for the highly distinctive individuals photographed at least once each month produced similar abundance estimates. An estimate of 221 ± 4.3 SE highly distinctive spinner dolphins, resulted in a total abundance of 631 ± 60.1 SE, (95% CI 524-761 spinner dolphins in the Hawai'i Island stock, which is lower than previous estimates. When this abundance estimate is considered alongside the rigid daily behavioural pattern, genetic distinctiveness, and the ease of human access to spinner dolphins in their preferred resting habitats, this

  16. Oceanographic data collected during the Davidson Seamount 2002 expedition on the RV Western Flyer, in the North Pacific Ocean, southwest of Monterey, California from May 17, 2002 - May 24, 2002 (NODC Accession 0072306)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This spring, scientists explored the first "undersea island" to be called a seamount. Davidson seamount, located 120 km Southwest of Monterey, California, is one of...

  17. Long Memory in the Greek Stock Market

    OpenAIRE

    John T. Barkoulas; Christopher F. Baum; Nickolaos Travlos

    1996-01-01

    We test for stochastic long memory in the Greek stock market, an emerging capital market. The fractional differencing parameter is estimated using the spectral regression method. Contrary to findings for major capital markets, significant and robust evidence of positive long-term persistence is found in the Greek stock market. As compared to benchmark linear models, the estimated fractional models provide improved out-of-sample forecasting accuracy for the Greek stock returns series over long...

  18. Looking Back on the Stock Market

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Looking back at the ups and downs of China's stock market in 2007,it is clear that it has developed far beyond people's expectation. While the stock index constantly reaches new highs and the size of the market becomes larger and larger, the Chinese financial market has also reintegrated. A multi-level revolution occurred in 2007, involving changes in stock structure, the variety of core composition, chip cost of the capital market, investor makeup, as well as trade rules and operational methods.

  19. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    2013-01-01

    While previous research has mostly focused on either knowledge stocks or knowledge flows, our study is among the first to integrate these perspectives in order to shed light on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC...... of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross-functional combinations....

  20. Stock returns and foreign investment in Brazil

    OpenAIRE

    Reis, Luciana; Meurer, Roberto; Da Silva, Sergio

    2008-01-01

    We examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading play...

  1. Macroeconomic Forces and Stock Returns in Vietnam

    OpenAIRE

    Phan, Van Hang

    2008-01-01

    Capital market development, especially the appearance of Vietnamese equity market recently has a strategic importance in the economic growth and structural reform process of Vietnam (Chun et al, 2003). This dissertation focuses on the impacts of macroeconomic forces on stock market returns in Vietnamese stock market which has not been investigated in detail before, and thereby to contribute further literature on this new emerging stock market. Specifically, the research will intensively inves...

  2. A new Loan-Stock Financial Instrument

    OpenAIRE

    Morozovsky, Alexander; Narasimhan, Rajan; Kholodenko, Yuri

    2000-01-01

    A new financial instrument (a new kind of a loan) is introduced. The loan-stock instrument (LSI) combines fixed rate instruments (loans, etc.) with other financial instruments that have higher volatilities and returns (stocks, mutual funds, currencies, derivatives, options, etc.). This new loan depends on the value of underlying security (for example, stock) in such a way that when underlying security increases, the value of loan decreases and backwards. The procedure to create a risk free po...

  3. Stock selection using a hybrid MCDM approach

    Directory of Open Access Journals (Sweden)

    Tea Poklepović

    2014-12-01

    Full Text Available The problem of selecting the right stocks to invest in is of immense interest for investors on both emerging and developed capital markets. Moreover, an investor should take into account all available data regarding stocks on the particular market. This includes fundamental and stock market indicators. The decision making process includes several stocks to invest in and more than one criterion. Therefore, the task of selecting the stocks to invest in can be viewed as a multiple criteria decision making (MCDM problem. Using several MCDM methods often leads to divergent rankings. The goal of this paper is to resolve these possible divergent results obtained from different MCDM methods using a hybrid MCDM approach based on Spearman’s rank correlation coefficient. Five MCDM methods are selected: COPRAS, linear assignment, PROMETHEE, SAW and TOPSIS. The weights for all criteria are obtained by using the AHP method. Data for this study includes information on stock returns and traded volumes from March 2012 to March 2014 for 19 stocks on the Croatian capital market. It also includes the most important fundamental and stock market indicators for selected stocks. Rankings using five selected MCDM methods in the stock selection problem yield divergent results. However, after applying the proposed approach the final hybrid rankings are obtained. The results show that the worse stocks to invest in happen to be the same when the industry is taken into consideration or when not. However, when the industry is taken into account, the best stocks to invest in are slightly different, because some industries are more profitable than the others.

  4. Elements of stock market analysis

    Directory of Open Access Journals (Sweden)

    Suciu, T.

    2013-12-01

    Full Text Available The paper represents a starting point in the presentation of the two types of stock/market analysis: the fundamental analysis and the technical analysis. The fundamental analysis consist in the assessment of the financial and economic status of the company together with the context and macroeconomic environment where it activates. The technical analysis deals with the demand and supply of securities and the evolution of their trend on the market, using a range of graphics and charts to illustrate the market tendencies for the quick identification of the best moments to buy or sell.

  5. The End of Monterey Submarine Canyon Incision and Potential River Source Areas-Os, Nd, and Pb Isotope Constraints from Hydrogenetic Fe-Mn Crusts

    Science.gov (United States)

    Conrad, T. A.; Nielsen, S.; Ehrenbrink, B. P. E.; Blusztajn, J.; Hein, J. R.; Paytan, A.

    2015-12-01

    The Monterey Canyon off central California is the largest submarine canyon off North America and is comparable in scale to the Grand Canyon. The age and history of the Monterey Canyon are poorly constrained due to thick sediment cover and sediment disruption from turbidity currents. To address this deficit we analyzed isotopic proxies (Os, Pb, Nd) from hydrogenetic ferromanganese (Fe-Mn) crusts, which grow over millions of years on elevated rock surfaces by precipitation of metals from seawater. Fe-Mn crusts were studied from Davidson Seamount near the base of the Monterey submarine fan, the Taney Seamount Chain, and from Hoss Seamount, which serves as a regional control (Fig.). Fe-Mn crusts were dated using Os isotope ratios compared to those that define the Cenozoic Os isotope seawater curve. Four Fe-Mn crust samples from Davidson and Taney Seamounts deviate from the Os isotopic seawater curve towards radiogenic values after 4.5±1 Ma. Osmium is well mixed in the global ocean and is not subject to significant diffusive reequilibration in Fe-Mn crusts. We therefore attribute deviations from the Os isotope seawater curve to large-scale terrestrial input that ended about 4.5±1 Ma. The two Davidson samples also show more radiogenic Nd isotope values from about 4.5±1 Ma. Lead isotopes in one Davidson Seamount crust, measured by LA-ICPMS, deviate from regional values after 4.5±1 Ma for about 500 ka towards terrestrial sources. The Taney Seamount Fe-Mn crust does not deviate from regional Nd nor Pb isotope values due to its greater distance from Monterey Canyon and the shorter marine residence times of Nd and Pb. Isotope plots of our crust data and compiled data for potential source rocks indicate that the river that carved Monterey Canyon carried sediment with values closer to the Sierra Nevada than to a Colorado Plateau source, with cessation of major riverine input occurring approximately 4.5±1 Ma, an age that we interpret as the end of the Monterey Canyon

  6. Energy and Environment. Electric power stock exchange

    International Nuclear Information System (INIS)

    Fazioli, R.; Antonioli, B.; Beccarello, M.; Da Rin, B.

    2000-01-01

    In this paper are reported the structural characteristics of electric power stock exchange in the processes liberalization of european electric markets. International experience are also considered [it

  7. The Speculative Nature of Stock Market

    Directory of Open Access Journals (Sweden)

    Bogdan-Gabriel FILIPESCU

    2011-12-01

    Full Text Available This paper focuses on the speculative nature of the stock market in Romania, emphasizing the basic rules and risks associated with stock transactions. On the one hand, the speculative nature may be considered as a mandatory feature of the stock market, for the purposes of supporting a fair and efficient functioning stock system. On the other hand, the term "speculative" can be also interpreted in a negative direction, i.e. in combination with market manipulation or market abuse. Related to this latter interpretation, the study refers to European legislation on market abuse, accepted market practices and those that constitute market manipulation.

  8. Risk management of stock index futures

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The Hong Kong Hang Seng index futures is taken as a study object and a method of empirical analysis is adopted in order to verify the validity of the application of the value-at-risk (VaR) method in the risk measurement of the stock index futures market. The results suggest that under normal market conditions it is feasible to apply the VaR method in the measurement of the market risks of stock index futures. The daily VaR value of the stock index futures provides a foreseeable profit and loss of the stock ...

  9. Material Stock Demographics: Cars in Great Britain.

    Science.gov (United States)

    Cabrera Serrenho, André; Allwood, Julian M

    2016-03-15

    Recent literature on material flow analysis has been focused on quantitative characterization of past material flows. Fewer analyses exist on past and prospective quantification of stocks of materials in-use. Some of these analyses explore the composition of products' stocks, but a focus on the characterization of material stocks and its relation with service delivery is often neglected. We propose the use of the methods of human demography to characterize material stocks, defined herein as stock demographics, exploring the insights that this approach could provide for the sustainable management of materials. We exemplify an application of stock demographics by characterizing the composition and service delivery of iron, steel, and aluminum stocks of cars in Great Britain, 2002-2012. The results show that in this period the stock has become heavier, it is traveling less, and it is idle for more time. The visualization of material stocks' dynamics demonstrates the pace of product replacement as a function of its usefulness and enables the formulation of policy interventions and the exploration of future trends.

  10. 33 CFR 100.919 - International Bay City River Roar, Bay City, MI.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 1 2010-07-01 2010-07-01 false International Bay City River Roar, Bay City, MI. 100.919 Section 100.919 Navigation and Navigable Waters COAST GUARD, DEPARTMENT OF... Bay City River Roar, Bay City, MI. (a) Regulated Area. A regulated area is established to include all...

  11. 77 FR 2972 - Thunder Bay Power Company, Thunder Bay Power, LLC, et al.

    Science.gov (United States)

    2012-01-20

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Thunder Bay Power Company, Thunder Bay Power, LLC, et al.; Notice of Application for Transfer of Licenses, and Soliciting Comments and Motions To Intervene Thunder Bay Power Company Project No. 2404-095 Thunder Bay Power, LLC Midwest Hydro, Inc...

  12. 33 CFR 162.125 - Sturgeon Bay and the Sturgeon Bay Ship Canal, Wisc.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 2 2010-07-01 2010-07-01 false Sturgeon Bay and the Sturgeon Bay Ship Canal, Wisc. 162.125 Section 162.125 Navigation and Navigable Waters COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED) PORTS AND WATERWAYS SAFETY INLAND WATERWAYS NAVIGATION REGULATIONS § 162.125 Sturgeon Bay and the Sturgeon Bay Ship...

  13. 77 FR 38488 - Safety Zone; Alexandria Bay Chamber of Commerce, St. Lawrence River, Alexandria Bay, NY

    Science.gov (United States)

    2012-06-28

    ... 1625-AA00 Safety Zone; Alexandria Bay Chamber of Commerce, St. Lawrence River, Alexandria Bay, NY... restrict vessels from a portion of the St. Lawrence River during the Alexandria Bay Chamber of Commerce... of proposed rulemaking (NPRM) entitled Safety Zone; Alexandria Bay Chamber of Commerce, St. Lawrence...

  14. Humboldt Bay, California Benthic Habitats 2009 Geodatabase

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Humboldt Bay is the largest estuary in California north of San Francisco Bay and represents a significant resource for the north coast region. Beginning in 2007 the...

  15. Humboldt Bay Benthic Habitats 2009 Aquatic Setting

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Humboldt Bay is the largest estuary in California north of San Francisco Bay and represents a significant resource for the north coast region. Beginning in 2007 the...

  16. San Francisco Bay Water Quality Improvement Fund

    Science.gov (United States)

    EPAs grant program to protect and restore San Francisco Bay. The San Francisco Bay Water Quality Improvement Fund (SFBWQIF) has invested in 58 projects along with 70 partners contributing to restore wetlands, water quality, and reduce polluted runoff.,

  17. South Bay Salt Pond Mercury Studies Project

    Science.gov (United States)

    Information about the SFBWQP South Bay Salt Pond Mercury Studies Project, part of an EPA competitive grant program to improve SF Bay water quality focused on restoring impaired waters and enhancing aquatic resources.

  18. Humboldt Bay, California Benthic Habitats 2009 Substrate

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Humboldt Bay is the largest estuary in California north of San Francisco Bay and represents a significant resource for the north coast region. Beginning in 2007 the...

  19. Humboldt Bay, California Benthic Habitats 2009 Geoform

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Humboldt Bay is the largest estuary in California north of San Francisco Bay and represents a significant resource for the north coast region. Beginning in 2007 the...

  20. Stock Market Integration in Africa: The Case of the Johannesburg Stock Exchange and Selected African Countries

    OpenAIRE

    Gail Ncube; Kapingura Forget Mingiri

    2015-01-01

    African stock markets are deemed to be small, segmented and illiquid. Given this back ground, the study utilises monthly data for the period 2000-2008, employing the Johansen and Julius cointegration method to determine the long-run relationship between the five selected African stock markets. Granger causality tests were also conducted to establish if there are any causal links between the stock markets in Africa. The analysis in the study indicates that African stock markets are improving i...

  1. Contaminant transport in Massachusetts Bay

    Science.gov (United States)

    Butman, Bradford

    Construction of a new treatment plant and outfall to clean up Boston Harbor is currently one of the world's largest public works projects, costing about $4 billion. There is concern about the long-term impact of contaminants on Massachusetts Bay and adjacent Gulf of Maine because these areas are used extensively for transportation, recreation, fishing, and tourism, as well as waste disposal. Public concern also focuses on Stellwagen Bank, located on the eastern side of Massachusetts Bay, which is an important habitat for endangered whales. Contaminants reach Massachusetts Bay not only from Boston Harbor, but from other coastal communities on the Gulf of Maine, as well as from the atmosphere. Knowledge of the pathways, mechanisms, and rates at which pollutants are transported throughout these coastal environments is needed to address a wide range of management questions.

  2. Bayes linear statistics, theory & methods

    CERN Document Server

    Goldstein, Michael

    2007-01-01

    Bayesian methods combine information available from data with any prior information available from expert knowledge. The Bayes linear approach follows this path, offering a quantitative structure for expressing beliefs, and systematic methods for adjusting these beliefs, given observational data. The methodology differs from the full Bayesian methodology in that it establishes simpler approaches to belief specification and analysis based around expectation judgements. Bayes Linear Statistics presents an authoritative account of this approach, explaining the foundations, theory, methodology, and practicalities of this important field. The text provides a thorough coverage of Bayes linear analysis, from the development of the basic language to the collection of algebraic results needed for efficient implementation, with detailed practical examples. The book covers:The importance of partial prior specifications for complex problems where it is difficult to supply a meaningful full prior probability specification...

  3. With Prudhoe Bay in decline

    International Nuclear Information System (INIS)

    Davis, J.M.; Pollock, J.R.

    1992-01-01

    Almost every day, it seems, someone is mentioning Prudhoe Bay---its development activities, the direction of its oil production, and more recently its decline rate. Almost as frequently, someone is mentioning the number of companies abandoning exploration in Alaska. The state faces a double-edged dilemma: decline of its most important oil field and a diminished effort to find a replacement for the lost production. ARCO has seen the Prudhoe Bay decline coming for some time and has been planning for it. We have reduced staff, and ARCO and BP Exploration are finding cost-effective ways to work more closely together through such vehicles as shared services. At the same time, ARCO is continuing its high level of Alaskan exploration. This article will assess the future of Prudhoe Bay from a technical perspective, review ARCO's exploration plans for Alaska, and suggest what the state can do to encourage other companies to invest in this crucial producing region and exploratory frontier

  4. 41 CFR 109-27.5003 - Stock control.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Stock control. 109-27... control. (a) Stock control shall be maintained on the basis of stock record accounts of inventories on... property under stock control for greater than 90 days shall be maintained in stock record accounts. ...

  5. The Stock Market Game: A Simulation of Stock Market Trading. Grades 5-8.

    Science.gov (United States)

    Draze, Dianne

    This guide to a unit on a simulation game about the stock market contains an instructional text and two separate simulations. Through directed lessons and reproducible worksheets, the unit teaches students about business ownership, stock exchanges, benchmarks, commissions, why prices change, the logistics of buying and selling stocks, and how to…

  6. The role of managerial stock option programs in governance: evidence from REIT stock repurchases

    NARCIS (Netherlands)

    Ghosh, C.; Giambona, E.; Harding, J.P.; Sezer, O.; Sirmans, C.F.

    2010-01-01

    This article examines the role of stock option programs and executive holdings of stock options in real estate investment trust (REIT) governance. We study the issue by analyzing how the market reaction to a stock repurchase announcement varies as a function of the individual REIT's governance

  7. 78 FR 17066 - Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in...

    Science.gov (United States)

    2013-03-19

    ... Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in Outbound... issue of the Federal Register, the IRS and the Treasury Department are issuing temporary regulations... stock transfers for certain outbound asset reorganizations. The temporary regulations also modify the...

  8. Proving the Relation between Stock and Interbank Markets: The Bahrain Stock Exchange

    OpenAIRE

    Matveev, Aleksandr

    2014-01-01

    The present paper deals with further analysis of the relationship between the interbank loan rateon the one hand and the volume of investment and the amount of stocks tradable on the stock exchange on the other hand, as corroborated by calculations performed on Bahrain Stock Exchange data.

  9. Distribution and behavior of major and trace elements in Tokyo Bay, Mutsu Bay and Funka Bay marine sediments

    International Nuclear Information System (INIS)

    Honda, Teruyuki; Kimura, Ken-ichiro

    2003-01-01

    Fourteen major and trace elements in marine sediment core samples collected from the coasts along eastern Japan, i.e. Tokyo Bay (II) (the recess), Tokyo Bay (IV) (the mouth), Mutsu Bay and Funka Bay and the Northwest Pacific basin as a comparative subject were determined by the instrumental neutron activation analysis (INAA). The sedimentation rates and sedimentary ages were calculated for the coastal sediment cores by the 210 Pb method. The results obtained in this study are summarized as follows: (1) Lanthanoid abundance patterns suggested that the major origin of the sediments was terrigenous material. La*/Lu* and Ce*/La* ratios revealed that the sediments from Tokyo Bay (II) and Mutsu Bay more directly reflected the contribution from river than those of other regions. In addition, the Th/Sc ratio indicated that the coastal sediments mainly originated in the materials from the volcanic island-arcs, Japanese islands, whereas those from the Northwest Pacific mainly from the continent. (2) The correlation between the Ce/U and Th/U ratios with high correlation coefficients of 0.920 to 0.991 indicated that all the sediments from Tokyo Bay (II) and Funka Bay were in reducing conditions while at least the upper sediments from Tokyo Bay (IV) and Mutsu Bay were in oxidizing conditions. (3) It became quite obvious that the sedimentation mechanism and the sedimentation environment at Tokyo Bay (II) was different from those at Tokyo Bay (IV), since the sedimentation rate at Tokyo Bay (II) was approximately twice as large as that at Tokyo Bay (IV). The sedimentary age of the 5th layer (8∼10 cm in depth) from Funka Bay was calculated at approximately 1940∼50, which agreed with the time, 1943∼45 when Showa-shinzan was formed by the eruption of the Usu volcano. (author)

  10. Mobile Bay turbidity plume study

    Science.gov (United States)

    Crozier, G. F.

    1976-01-01

    Laboratory and field transmissometer studies on the effect of suspended particulate material upon the appearance of water are reported. Quantitative correlations were developed between remotely sensed image density, optical sea truth data, and actual sediment load. Evaluation of satellite image sea truth data for an offshore plume projects contours of transmissivity for two different tidal phases. Data clearly demonstrate the speed of change and movement of the optical plume for water patterns associated with the mouth of Mobile bay in which relatively clear Gulf of Mexico water enters the bay on the eastern side. Data show that wind stress in excess of 15 knots has a marked impact in producing suspended sediment loads.

  11. Automation in tube finishing bay

    International Nuclear Information System (INIS)

    Bhatnagar, Prateek; Satyadev, B.; Raghuraman, S.; Syama Sundara Rao, B.

    1997-01-01

    Automation concept in tube finishing bay, introduced after the final pass annealing of PHWR tubes resulted in integration of number of sub-systems in synchronisation with each other to produce final cut fuel tubes of specified length, tube finish etc. The tube finishing bay which was physically segregated into four distinct areas: 1. tube spreader and stacking area, 2. I.D. sand blasting area, 3. end conditioning, wad blowing, end capping and O.D. wet grinding area, 4. tube inspection, tube cutting and stacking area has been studied

  12. Chesapeake Bay plume dynamics from LANDSAT

    Science.gov (United States)

    Munday, J. C., Jr.; Fedosh, M. S.

    1981-01-01

    LANDSAT images with enhancement and density slicing show that the Chesapeake Bay plume usually frequents the Virginia coast south of the Bay mouth. Southwestern (compared to northern) winds spread the plume easterly over a large area. Ebb tide images (compared to flood tide images) show a more dispersed plume. Flooding waters produce high turbidity levels over the shallow northern portion of the Bay mouth.

  13. Default Bayes factors for ANOVA designs

    NARCIS (Netherlands)

    Rouder, Jeffrey N.; Morey, Richard D.; Speckman, Paul L.; Province, Jordan M.

    2012-01-01

    Bayes factors have been advocated as superior to p-values for assessing statistical evidence in data. Despite the advantages of Bayes factors and the drawbacks of p-values, inference by p-values is still nearly ubiquitous. One impediment to the adoption of Bayes factors is a lack of practical

  14. Do stock prices drive people crazy?

    Science.gov (United States)

    Lin, Chung-Liang; Chen, Chin-Shyan; Liu, Tsai-Ching

    2015-03-01

    This is the first research to examine a potential relation between stock market volatility and mental disorders. Using data on daily incidences of mental disorders in Taiwan over 4000 days from 1998 through 2009 to assess the time-series relation between stock price movements and mental disorders, we observe that stock price fluctuation clearly affects the hospitalization of mental disorders. We find that during a 12-year follow-up period, a low stock price index, a daily fall in the stock price index and consecutive daily falls in the stock price index are all associated with greater of mental disorders hospitalizations. A 1000-point fall in the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) increases the number of daily mental disorders hospitalizations by 4.71%. A 1% fall in the TAIEX in one single day increases daily hospitalizations for mental disorders by 0.36%. When the stock price index falls one consecutive day, it causes a daily increase of approximately 0.32% hospitalizations due to mental disorders on that day. Stock price index is found to be significant for both gender and all age groups. In addition, daily change is significant for both gender and middle-age groups, whereas accumulated change is significant for males and people aged 45-64. Stockholdings can help people accumulate wealth, but they can also increase mental disorders hospitalizations. In other words, stock price fluctuations do drive people crazy. Published by Oxford University Press in association with The London School of Hygiene and Tropical Medicine © The Author 2014; all rights reserved.

  15. THE EFFECT OF MACROECONOMIC VARIABLES ON STOCK RETURNS ON DHAKA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Muhammed Monjurul Quadir

    2012-01-01

    Full Text Available This article investigates the effects of macroeconomic variables of treasury bill interest rate and industrial production on stock returns on Dhaka Stock Exchange for the period between January 2000 and February 2007 on the basis of monthly time series data using Autoregressive Integrated Moving Average (ARIMA model. The paper has taken the overall market stock returns as an independent variable. It does not consider the stock returns of different companies separately. Though the ARIMA model finds a positive relationship between Treasury bill interest rate and industrial production with market stock returns but the coefficients have turned out to be statistically insignificant.

  16. Fundamental uncertainty and stock market volatility

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2008-01-01

    We provide empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from participants in the Survey of Professional Forecasters over the period 1969 to 1996.

  17. A Tale of Two Stock Markets

    Science.gov (United States)

    Armstrong, Michelle Hine; Piercey, Victor I.; Greene-Hunley, Stephanie

    2015-01-01

    This article describes two different projects using the stock market as a context for learning. For both projects, students "bought" shares in individual companies, tracked stock prices for a period of time, and then "sold" their shares at a gain or loss. The projects are adaptable for students in late elementary school through…

  18. Does Stock Market Performance Influence Retirement Intentions?

    Science.gov (United States)

    Goda, Gopi Shah; Shoven, John B.; Slavov, Sita Nataraj

    2012-01-01

    Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the…

  19. Stock market volatility and macroeconomic uncertainty

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2006-01-01

    This paper provides empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from SPF survey participants over the period from 1969 to 1996. This link is much

  20. Legal institutions, strategic default, and stock returns

    NARCIS (Netherlands)

    Favara, G.; Schroth, E.; Valta, P.

    2008-01-01

    This paper studies the impact of legal institutions on stock returns. More specifically, we examine how differences in debt enforcement and creditor protection around the world affect stock returns of individual firms. We hypothesize that if legal institutions prevent shareholders from engaging in

  1. Distinguishing manipulated stocks via trading network analysis

    Science.gov (United States)

    Sun, Xiao-Qian; Cheng, Xue-Qi; Shen, Hua-Wei; Wang, Zhao-Yang

    2011-10-01

    Manipulation is an important issue for both developed and emerging stock markets. For the study of manipulation, it is critical to analyze investor behavior in the stock market. In this paper, an analysis of the full transaction records of over a hundred stocks in a one-year period is conducted. For each stock, a trading network is constructed to characterize the relations among its investors. In trading networks, nodes represent investors and a directed link connects a stock seller to a buyer with the total trade size as the weight of the link, and the node strength is the sum of all edge weights of a node. For all these trading networks, we find that the node degree and node strength both have tails following a power-law distribution. Compared with non-manipulated stocks, manipulated stocks have a high lower bound of the power-law tail, a high average degree of the trading network and a low correlation between the price return and the seller-buyer ratio. These findings may help us to detect manipulated stocks.

  2. Mandatory IFRS Reporting and Stock Price Informativeness

    NARCIS (Netherlands)

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period

  3. Recent market behavior of utility stocks

    International Nuclear Information System (INIS)

    Studness, C.M.

    1990-01-01

    This article reviews the recent market behavior of utility stocks as compared to the Standard and Poor's 500 and the long-term government bond yield. Utility stock's performance continues to be affected by unfavorable regulation,and it appears that it will continue to be a factor for some time to come. A continually shrinking excess capacity continues to be a concern

  4. SETS, arbitrage activity and stock price dynamics

    NARCIS (Netherlands)

    Taylor, N.; van Dijk, D.; Franses, P.H.; Lucas, A.

    2000-01-01

    This paper provides an empirical description of the relationship between the trading system operated by a stock exchange and the trading behaviour of heterogeneous investors who use the exchange. The recent introduction of SETS in the London Stock Exchange provides an excellent opportunity to study

  5. Jump Detection in the Danish Stock Market

    DEFF Research Database (Denmark)

    Høg, Esben

    2002-01-01

    It is well known in financial economics that stock market return data are often modelled by a diffusion process with some regular drift function. Occasionally, however, sudden changes or jumps occur in the return data. Wavelet scaling methods are used to detect jumps and cusps in stock market...

  6. 27 CFR 24.217 - Vinegar stock.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Vinegar stock. 24.217 Section 24.217 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS WINE Production of Other Than Standard Wine § 24.217 Vinegar stock. Vinegar...

  7. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

    Alfieri, A.; Groot, R.; Kroon, L.G.; Schrijver, A.

    2006-01-01

    Railway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of rolling

  8. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

    A. Alfieri (Arianna); R. Groot (Rutger); L.G. Kroon (Leo); A. Schrijver (Lex)

    2002-01-01

    textabstractRailway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of

  9. Recurrence quantification analysis of global stock markets

    Science.gov (United States)

    Bastos, João A.; Caiado, Jorge

    2011-04-01

    This study investigates the presence of deterministic dependencies in international stock markets using recurrence plots and recurrence quantification analysis (RQA). The results are based on a large set of free float-adjusted market capitalization stock indices, covering a period of 15 years. The statistical tests suggest that the dynamics of stock prices in emerging markets is characterized by higher values of RQA measures when compared to their developed counterparts. The behavior of stock markets during critical financial events, such as the burst of the technology bubble, the Asian currency crisis, and the recent subprime mortgage crisis, is analyzed by performing RQA in sliding windows. It is shown that during these events stock markets exhibit a distinctive behavior that is characterized by temporary decreases in the fraction of recurrence points contained in diagonal and vertical structures.

  10. Modeling Chaotic Behavior of Chittagong Stock Indices

    Directory of Open Access Journals (Sweden)

    Shipra Banik

    2012-01-01

    Full Text Available Stock market prediction is an important area of financial forecasting, which attracts great interest to stock buyers and sellers, stock investors, policy makers, applied researchers, and many others who are involved in the capital market. In this paper, a comparative study has been conducted to predict stock index values using soft computing models and time series model. Paying attention to the applied econometric noises because our considered series are time series, we predict Chittagong stock indices for the period from January 1, 2005 to May 5, 2011. We have used well-known models such as, the genetic algorithm (GA model and the adaptive network fuzzy integrated system (ANFIS model as soft computing forecasting models. Very widely used forecasting models in applied time series econometrics, namely, the generalized autoregressive conditional heteroscedastic (GARCH model is considered as time series model. Our findings have revealed that the use of soft computing models is more successful than the considered time series model.

  11. Classification using Hierarchical Naive Bayes models

    DEFF Research Database (Denmark)

    Langseth, Helge; Dyhre Nielsen, Thomas

    2006-01-01

    Classification problems have a long history in the machine learning literature. One of the simplest, and yet most consistently well-performing set of classifiers is the Naïve Bayes models. However, an inherent problem with these classifiers is the assumption that all attributes used to describe......, termed Hierarchical Naïve Bayes models. Hierarchical Naïve Bayes models extend the modeling flexibility of Naïve Bayes models by introducing latent variables to relax some of the independence statements in these models. We propose a simple algorithm for learning Hierarchical Naïve Bayes models...

  12. Latest results from Daya Bay

    Science.gov (United States)

    Vorobel, Vit; Daya Bay Collaboration

    2017-07-01

    The Daya Bay Reactor Neutrino Experiment was designed to measure θ 13, the smallest mixing angle in the three-neutrino mixing framework, with unprecedented precision. The experiment consists of eight functionally identical detectors placed underground at different baselines from three pairs of nuclear reactors in South China. Since Dec. 2011, the experiment has been running stably for more than 4 years, and has collected the largest reactor anti-neutrino sample to date. Daya Bay is able to greatly improve the precision on θ 13 and to make an independent measurement of the effective mass splitting in the electron antineutrino disappearance channel. Daya Bay can also perform a number of other precise measurements, such as a high-statistics determination of the absolute reactor antineutrino flux and spectrum, as well as a search for sterile neutrino mixing, among others. The most recent results from Daya Bay are discussed in this paper, as well as the current status and future prospects of the experiment.

  13. Daya bay reactor neutrino experiment

    International Nuclear Information System (INIS)

    Cao Jun

    2010-01-01

    Daya Bay Reactor Neutrino Experiment is a large international collaboration experiment under construction. The experiment aims to precisely determine the neutrino mixing angle θ 13 by detecting the neutrinos produced by the Daya Bay Nuclear Power Plant. θ 13 is one of two unknown fundamental parameters in neutrino mixing. Its magnitude is a roadmap of the future neutrino physics, and very likely related to the puzzle of missing antimatter in our universe. The precise measurement has very important physics significance. The detectors of Daya Bay is under construction now. The full operation is expected in 2011. Three years' data taking will reach the designed the precision, to determine sin 2 2θ 13 to better than 0.01. Daya Bay neutrino detector is an underground large nuclear detector of low background, low energy, and high precision. In this paper, the layout of the experiment, the design and fabrication progress of the detectors, and some highlighted nuclear detecting techniques developed in the detector R and D are introduced. (author)

  14. Stock Indices as Generalizing Indicators of the Stock Markets Condition in the European Union Countries

    Directory of Open Access Journals (Sweden)

    Shuba M. V.

    2015-03-01

    Full Text Available The aim of the article is to determine the degree of interdependence of stock markets in separate countries of the European Union, namely: France, Germany, Great Britain, Poland, the Czech Republic and Hungary on the basis of studying the changes in stock indexes, as well as determining the existence of tendencies of approximating the dynamics of the national stock index «PFTS Index» to the corresponding dynamics of stock indexes in surveyed countries. The article analyzes the dynamics of changes in stock indices in the UK (FTSE, Germany (DAX 30, France (CAC 40 and pan-European ones (EURO STOXX 50, as well as changes in stock indices in Poland (WIG 20, Czech Republic (PX, Hungary (BUX. Calculations of the coefficients of pair correlation between changes in stock indices in the studied countries have been performed. The calculation results show a substantial connection between the indicators of changes in stock indices and allow to make a conclusion that in the dynamics of stock indices of national stock markets of the studied EU countries some common trends are observed, moreover, in the behavior of the considered indices common local trends are noticed as well. The author calculated the coefficient of pair correlation between the indicators of changes in the national stock index «PFTS Index» and the stock indices of the «old» and «new» EU countries. The calculations showed that the PFTS Index does not demonstrate a high level of correlation with stock indices of the «old» EU countries and has a tendency of approaching the corresponding dynamics of stock indices of the «new» EU countries.

  15. Diagenetic Microcrystalline Opal Varieties from the Monterey Formation, CA: HRTEM Study of Structures and Phase Transformation Mechanisms

    Science.gov (United States)

    Cady, Sherry L.; Wenk, H.-R.; DeVincenzi, Don (Technical Monitor)

    1994-01-01

    Microcrystalline opal varieties form as intermediary precipitates during the diagenetic transformation of biogenically precipitated non-crystalline opal (opal-A) to microquartz. With regard to the Monterey Formation of California, X-ray powder diffraction studies have shown that a decrease in the primary d-spacing of opal-CT toward that of cristobalite occurs with increasing diagenesis. The initial timing of opal-CT/quartz formation and the value of the primary opal-CT d-spacing, are influenced by the sediment. lithology. Transmission electron microscopy methods (CTEM/HRTEM) were used to investigate the structure of the diagenetic phases and establish transformation mechanisms between the varieties of microcrystalline opals in charts and porcelanites from the Monterey Formation. HRTEM images revealed that the most common fibrous varieties of microcrystalline opals contain varying amounts of structural disorder. Finite lamellar units of cristobalite-and tridymite-type. layer sequences were found to be randomly stacked in a direction perpendicular to the fiber axis. Disordered and ordered fibers were found to have coprecipitated within the same radial fiber bundles that formed within the matrix of the Most siliceous samples. HRTEM images, which reveal that the fibers within radial and lepispheric fiber bundles branch non-crystallographically, support an earlier proposal that microspheres in chert grow via a spherulitic growth mechanism. A less common variety of opal-CT was found to be characterized by non-parallel (low-angle) stacking sequences that often contain twinned lamellae. Tabular-shaped crystals of orthorhombic tridymite (PO-2) were also identified in the porcelanite samples. A shift in the primary d-spacing of opal-CT has been interpreted as an indication of solid-state ordering g toward a predominantly cristobalite structure, (opal-C). Domains of opal-C were identified as topotactically-oriented overgrowths on discrete Sections of opal-CT fibers and as

  16. Multi-decadal variation in size of juvenile Summer Flounder (Paralichthys dentatus) in Chesapeake Bay

    Science.gov (United States)

    Nys, Lauren N.; Fabrizio, Mary C.; Tuckey, Troy D.

    2016-01-01

    During the last quarter-century, management of Summer Flounder Paralichthys dentatus along the Atlantic coast resulted in significant increases in abundance such that rebuilding targets were recently achieved. Although spawning stock biomass is high, recruitment of young-of-the-year (YOY) Summer Flounder remains variable. Chesapeake Bay is one of the principal nursery areas for this species, but processes such as growth and survival that affect production of YOY Summer Flounder in this estuary have not been explored. Here, we investigated the relationship between abundance and size of Summer Flounder recruits from the 1988 to 2012 year classes in Chesapeake Bay. We also considered the effects of environmental factors on fish size because conditions in the bay vary spatially during the time that fish occupy nursery areas. To describe variations in Summer Flounder size, we used monthly length observations from 13,018 YOY fish captured by bottom trawl from the lower Chesapeake Bay and the James, York, and Rappahannock river subestuaries where Summer Flounder are commonly observed. We applied a generalized additive model to describe spatial, temporal, and environmental effects on observed fish size; we also considered the density of Summer Flounder and an index of productivity as factors in the model. Summer Flounder in Chesapeake Bay exhibited density-dependent and spatially related variations in mean length: larger fish were found mostly in the Bay and smaller fish in the subestuaries. Additionally, low ( 26 °C) temperatures and low salinities (indicating that individuals found in these environments were typically smaller than conspecifics inhabiting areas of moderate temperatures and higher salinities. Variable nursery habitat conditions in temperate estuaries affect fish size and, subsequently, may influence production of Summer Flounder year classes through effects on maturation and survival. As water temperatures in the mid-Atlantic region continue to increase

  17. Defining fish nursery habitats: an application of otolith elemental fingerprinting in Tampa Bay, Florida

    Science.gov (United States)

    Ley, Janet A.; McIvor, Carole C.; Peebles, Ernst B; Rolls, Holly; Cooper, Suzanne T.

    2009-01-01

    Fishing in Tampa Bay enhances the quality of life of the area's residents and visitors. However, people's desire to settle along the Bay's shorelines and tributaries has been detrimental to the very habitat believed to be crucial to prime target fishery species. Common snook (Centropomus undecimalis) and red drum (Sciaenops ocellatus) are part of the suite of estuarine fishes that 1) are economically or ecologically prominent, and 2) have complex life cycles involving movement between open coastal waters and estuarine nursery habitats, including nursery habitats that are located within upstream, low-salinity portions of the Bay?s tidal tributaries. We are using an emerging microchemical technique -- elemental fingerprinting of fish otoliths -- to determine the degree to which specific estuarine locations contribute to adult fished populations in Tampa Bay. In ongoing monitoring surveys, over 1,000 young-of-the-year common snook and red drum have already been collected from selected Tampa Bay tributaries. Using laser ablation-inductively coupled plasma - mass spectrometry (LA-ICP-MS), we are currently processing a subsample of these archived otoliths to identify location-specific fingerprints based on elemental microchemistry. We will then analyze older fish from the local fishery in order to match them to their probable nursery areas, as defined by young-of-the-year otoliths. We expect to find that some particularly favorable nursery locations contribute disproportionately to the fished population. In contrast, other nursery areas may be degraded, or act as 'sinks', thereby decreasing their contribution to the fish population. Habitat managers can direct strategic efforts to protect any nursery locations that are found to be of prime importance in contributing to adult stocks.

  18. Analysing News for Stock Market Prediction

    Science.gov (United States)

    Ramalingam, V. V.; Pandian, A.; Dwivedi, shivam; Bhatt, Jigar P.

    2018-04-01

    Stock market means the aggregation of all sellers and buyers of stocks representing their ownership claims on the business. To be completely absolute about the investment on these stocks, proper knowledge about them as well as their pricing, for both present and future is very essential. Large amount of data is collected and parsed to obtain this essential information regarding the fluctuations in the stock market. This data can be any news or public opinions in general. Recently, many methods have been used, especially big unstructured data methods to predict the stock market values. We introduce another method of focusing on deriving the best statistical learning model for predicting the future values. The data set used is very large unstructured data collected from an online social platform, commonly known as Quindl. The data from this platform is then linked to a csv fie and cleaned to obtain the essential information for stock market prediction. The method consists of carrying out the NLP (Natural Language Processing) of the data and then making it easier for the system to understand, finds and identifies the correlation in between this data and the stock market fluctuations. The model is implemented using Python Programming Language throughout the entire project to obtain flexibility and convenience of the system.

  19. Hidden Markov Model for Stock Selection

    Directory of Open Access Journals (Sweden)

    Nguyet Nguyen

    2015-10-01

    Full Text Available The hidden Markov model (HMM is typically used to predict the hidden regimes of observation data. Therefore, this model finds applications in many different areas, such as speech recognition systems, computational molecular biology and financial market predictions. In this paper, we use HMM for stock selection. We first use HMM to make monthly regime predictions for the four macroeconomic variables: inflation (consumer price index (CPI, industrial production index (INDPRO, stock market index (S&P 500 and market volatility (VIX. At the end of each month, we calibrate HMM’s parameters for each of these economic variables and predict its regimes for the next month. We then look back into historical data to find the time periods for which the four variables had similar regimes with the forecasted regimes. Within those similar periods, we analyze all of the S&P 500 stocks to identify which stock characteristics have been well rewarded during the time periods and assign scores and corresponding weights for each of the stock characteristics. A composite score of each stock is calculated based on the scores and weights of its features. Based on this algorithm, we choose the 50 top ranking stocks to buy. We compare the performances of the portfolio with the benchmark index, S&P 500. With an initial investment of $100 in December 1999, over 15 years, in December 2014, our portfolio had an average gain per annum of 14.9% versus 2.3% for the S&P 500.

  20. Manufacturing Capital Lingers in the Stock Market

    Institute of Scientific and Technical Information of China (English)

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  1. Asymmetric conditional volatility in international stock markets

    Science.gov (United States)

    Ferreira, Nuno B.; Menezes, Rui; Mendes, Diana A.

    2007-08-01

    Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock returns are asymmetric functions of past information. We compare the results for the Portuguese Stock Market Index PSI 20 with six other Stock Market Indices, namely the SP 500, FTSE 100, DAX 30, CAC 40, ASE 20, and IBEX 35. In order to assess asymmetric volatility we use autoregressive conditional heteroskedasticity specifications known as TARCH and EGARCH. We also test for asymmetry after controlling for the effect of macroeconomic factors on stock market returns using TAR and M-TAR specifications within a VAR framework. Our results show that the conditional variance is an asymmetric function of past innovations raising proportionately more during market declines, a phenomenon known as the leverage effect. However, when we control for the effect of changes in macroeconomic variables, we find no significant evidence of asymmetric behaviour of the stock market returns. There are some signs that the Portuguese Stock Market tends to show somewhat less market efficiency than other markets since the effect of the shocks appear to take a longer time to dissipate.

  2. Status and understanding of groundwater quality in the Monterey-Salinas Shallow Aquifer Study Unit, 2012–13: California GAMA Priority Basin Project

    Science.gov (United States)

    Burton, Carmen; Wright, Michael

    2018-05-30

    component of this study—the understanding assessment—identified the natural and human factors that potentially affect groundwater quality by evaluating land-use characteristics, measures of location, geologic factors, groundwater age, and geochemical conditions of the shallow aquifer. An additional component of this study was a comparison of MS-SA water-quality results to those of the GAMA Monterey Bay and Salinas Valley Groundwater Basins study unit. This study unit covered much of the same areal extent as the MS-SA, but assessed the deeper, public drinking-water aquifer system.Relative concentrations (sample concentration divided by the benchmark concentration) were used to evaluate concentrations of constituents in groundwater samples relative to water-quality benchmarks for those constituents that have Federal or California benchmarks, such as maximum contaminant levels. For organic and special-interest constituents, relative concentrations were classified as high, greater than 1.0; moderate, greater than 0.1 and less than or equal to 1.0; or low, less than or equal to 0.1. For inorganic constituents, relative concentrations were classified as high, greater than 1.0; moderate, greater than 0.5 and less than or equal to 1.0; or low, less than or equal to 0.5. A relative concentration greater than 1.0 indicates that the concentration was greater than a benchmark. Aquifer-scale proportions were used to quantify regional-scale groundwater quality. The aquifer-scale proportions are the areal percentages of the shallow aquifer system where relative concentrations for a given constituent or class of constituents were high, moderate, or low.Inorganic constituents were measured at high and moderate relative concentrations more frequently than organic constituents. In the MS-SA study unit, inorganic constituents with benchmarks were detected at high relative concentrations in 51 percent of the study unit. The greatest proportions of high relative concentrations of trace

  3. The dependence of Islamic and conventional stocks: A copula approach

    Science.gov (United States)

    Razak, Ruzanna Ab; Ismail, Noriszura

    2015-09-01

    Recent studies have found that Islamic stocks are dependent on conventional stocks and they appear to be more risky. In Asia, particularly in Islamic countries, research on dependence involving Islamic and non-Islamic stock markets is limited. The objective of this study is to investigate the dependence between financial times stock exchange Hijrah Shariah index and conventional stocks (EMAS and KLCI indices). Using the copula approach and a time series model for each marginal distribution function, the copula parameters were estimated. The Elliptical copula was selected to present the dependence structure of each pairing of the Islamic stock and conventional stock. Specifically, the Islamic versus conventional stocks (Shariah-EMAS and Shariah-KLCI) had lower dependence compared to conventional versus conventional stocks (EMAS-KLCI). These findings suggest that the occurrence of shocks in a conventional stock will not have strong impact on the Islamic stock.

  4. Otolith shape analysis for stock discrimination of two Collichthys genus croaker (Pieces: Sciaenidae,) from the northern Chinese coast

    Science.gov (United States)

    Zhao, Bo; Liu, Jinhu; Song, Junjie; Cao, Liang; Dou, Shuozeng

    2017-08-01

    The otolith morphology of two croaker species (Collichthys lucidus and Collichthys niveatus) from three areas (Liaodong Bay, LD; Huanghe (Yellow) River estuary, HRE; Jiaozhou Bay, JZ) along the northern Chinese coast were investigated for species identification and stock discrimination. The otolith contour shape described by elliptic Fourier coefficients (EFC) were analysed using principal components analysis (PCA) and stepwise canonical discriminant analysis (CDA) to identify species and stocks. The two species were well differentiated, with an overall classification success rate of 97.8%. And variations in the otolith shapes were significant enough to discriminate among the three geographical samples of C. lucidus (67.7%) or C. niveatus (65.2%). Relatively high mis-assignment occurred between the geographically adjacent LD and HRE samples, which implied that individual mixing may exist between the two samples. This study yielded information complementary to that derived from genetic studies and provided information for assessing the stock structure of C. lucidus and C. niveatus in the Bohai Sea and the Yellow Sea.

  5. Financing R & D with Knowledge Stock Rentals

    OpenAIRE

    John M. Hartwick

    1993-01-01

    We set out an endogenous growth model along the lines of Romer(1990) and investigate the implications of financing new knowledge production (R&D) with rental income accruing to the knowledge stock used in goods production. The knowledge stock is a non-public input in goods production. The balance growth rate under optimal growth can be greater or less than that under the invest knowledge stock rentals regime depends on the parameters of the production function and not on the parameters of pre...

  6. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    After the financialization of commodity futures markets in 2004-05 oil volatility has become a strong predictor of returns and volatility of the overall stock market. Furthermore, stocks' exposure to oil volatility risk now drives the cross-section of expected returns. The difference in average...... return between the quintile of stocks with low exposure and high exposure to oil volatility is significant at 0.66% per month, and oil volatility risk carries a significant risk premium of -0.60% per month. In the post-financialization period, oil volatility risk is strongly related with various measures...

  7. UNDERGROUND ECONOMY, GDP AND STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Caus Vasile Aurel

    2012-07-01

    Full Text Available Economic growth is affected by the size and dynamics of underground economy. Determining this size is a subject of research for many authors. In this paper we present the relationship between underground economy dynamics and the dynamics of stock markets. The observations are based on regression used by Tanzi (1983 and the relationship between GDP and stock market presented in Tudor (2008. The conclusion of this paper is that the dynamics of underground economy is influenced by dynamic of financial markets. Thus, using specific stock market mathematical tools analysis, one can analyze the dynamic of underground economy

  8. Danish building typologies and building stock analyses

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    energy savings in residential buildings. The intension with this analysis was to investigate the possible energy reduction in Denmark if the same approach had been taken for the entire Danish building stock. The report concludes that the ZeroHome initiative clearly results in energy savings, but far from...... enough to meet the government’s plan to make Danish buildings free from use of fossil fuels by 2035. This will probably require around 50 % energy savings in the Danish building stock as a whole. However, the project has proven that dedicated engagement of locals can speed up market penetration...... for energy savings in the existing Building stock....

  9. Twitter as driver of stock price

    OpenAIRE

    Jubbega, Annika

    2012-01-01

    The goal of this research is to examine the dynamic relationship of Twitter and stock price, by examining the effects for the ten most valuable brands according Interbrand (2010): Coca-Cola, IBM, Microsoft, Google, McDonald’s, Intel, Nokia, Disney, Toyota and Cisco. A VAR modelling approach captures the short and long term effects of Twitter to stock price and stock price to Twitter. Effects were found for 5 of the 10 brand. For Coca-Cola and Toyota, the number of brand sentiment tweets dri...

  10. Fish stocking density impacts tank hydrodynamics

    DEFF Research Database (Denmark)

    Rasmussen, Michael R.; Lunger, Angela; Laursen, Jesper

    2006-01-01

    The effect of stocking density upon the hydrodynamics of a circular tank, configured in a recirculation system, was investigated. Red drums Sciaenops ocellatus of approximately 140 g wet weight, were stocked at five rates varying from 0 to 12 kg m-3. The impact of the presence of fish upon tank...... hydrodynamics was established using in-tank-based Rhodamine WT fluorometry at a flow rate of 0.23 l s-1 (tank exchange rate of 1.9 h-1). With increasing numbers of animals, curvilinear relationships were observed for dispersion coefficients and tank mixing times. Stocking densities of 3, 6, 9 and 12 kg m-3...

  11. Fe-Ca-phosphate, Fe-silicate, and Mn-oxide minerals in concretions from the Monterey Formation

    Science.gov (United States)

    Medrano, M.D.; Piper, D.Z.

    1997-01-01

    Concentrically zoned phosphatic-enriched concretions were collected at three sites from the Monterey Formation. The following minerals were identified: vivianite, lipscombite, rockbridgeite, leucophosphite, mitridatite, carbonate fluorapatite, nontronite, todorokite, and barite. The mineralogy of the concretions was slightly different at each of the three collection sites. None of the concretions contains all of the minerals, but the spatial distribution of minerals in individual concretions, overlapping mineralogies between different concretions, and the geochemical properties of the separate minerals suggest a paragenesis represented by the above order. Eh increased from the precipitation of vivianite to that of rockbridgeite/lipscombite. The precipitation of leucophosphite, then mitridatite, carbonate fluorapatite and todorokite/Fe-oxide indicates increasing pH. Concretion growth culminated with the precipitation of todorokite, a Mn oxide, and minor amounts of barite along microfractures. Conspicuously absent are Fe-sulfide and Mn-phosphate minerals. The concretions are hosted by finely laminated diatomite. The laminations exhibit little to no deformation around the concretions, requiring that the concretions formed after compaction. We interpret this sediment feature and the paragenesis as recording the evolving pore-water chemistry as the formation was uplifted into the fresh-ground-water zone.

  12. Stock enhancement or sea ranching? Insights from monitoring the genetic diversity, relatedness and effective population size in a seeded great scallop population (Pecten maximus)

    OpenAIRE

    Morvezen, R; Boudry, P; Laroche, J; Charrier, G

    2016-01-01

    The mass release of hatchery-propagated stocks raises numerous questions concerning its efficiency in terms of local recruitment and effect on the genetic diversity of wild populations. A seeding program, consisting of mass release of hatchery-produced juveniles in the local naturally occurring population of great scallops (Pecten maximus L.), was initiated in the early 1980s in the Bay of Brest (France). The present study aims at evaluating whether this seeding program leads to actual popula...

  13. Co-integration and Causality Among Jakarta Stock Exchange, Singapore Stock Exchange, and Kuala Lumpur Stock Exchange

    OpenAIRE

    Febrian, Erie; Herwany, Aldrin

    2007-01-01

    For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets in different countries, researchers frequently use co-integration and causality analysis. Nevertheless, they conducted the causality in mean tests but not the causality in variance tests. This paper examines the co-integration and causal relations among ...

  14. Nelson River and Hudson Bay

    Science.gov (United States)

    2002-01-01

    Rivers that empty into large bodies of water can have a significant impact on the thawing of nearshore winter ice. This true-color Moderate Resolution Imaging Spectroradiometer (MODIS) image from May 18, 2001, shows the Nelson River emptying spring runoff from the Manitoba province to the south into the southwestern corner of Canada's Hudson Bay. The warmer waters from more southern latitudes hasten melting of ice near the shore, though some still remained, perhaps because in shallow coastal waters, the ice could have been anchored to the bottom. High volumes of sediment in the runoff turned the inflow brown, and the rim of the retreating ice has taken on a dirty appearance even far to the east of the river's entrance into the Bay. The sediment would have further hastened the melting of the ice because its darker color would have absorbed more solar radiation than cleaner, whiter ice. Image courtesy Jacques Descloitres, MODIS Land Rapid Response Team at NASA GSFC

  15. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Laduna R.

    2018-01-01

    Full Text Available Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI. The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.

  16. Residential building stocks and flows as dynamic systems: Chilean dwelling stock and energy modeling, including earthquakes.

    OpenAIRE

    Gallardo, Carla

    2012-01-01

    The building sector comprises a very important part of each country s economy, playing an important role in the consumption of resources and energy. In practice there is little knowledge on how the building stock develops. It is useful then to understand the dynamics and the metabolism of the built environment. Research on building stocks, predominantly on the residential sector, has been performed mainly for developed countries. There is little or none research on building stock for developi...

  17. Market Performance and Accounting Information as the Reference of Stocks Portfolio Formation in Indonesia Stock Exchange

    OpenAIRE

    Pasaribu, Rowland Bismark Fernando

    2009-01-01

    This study aimed to a stock portfolio formed with composite of companies market (PER, PBV, ROE, EPS, PSR, and B/M, VaR) and accounting performance (ROE, and EPS) also their market capitalization in Indonesia Stock Exchange period 2003-2006. Some clarification need to achieved, such as: real difference among variabel refer to their market capitalization and influence of predictor to stock return. Hereinafter, the performance of selected portfolio were evaluated. The evaluation result conclude ...

  18. The Stock Market's Reaction to Unemployment News: Why Bad News is Usually Good for Stocks

    OpenAIRE

    John H. Boyd; Ravi Jagannathan; Jian Hu

    2001-01-01

    We find that on average an announcement of rising unemployment is 'good news' for stocks during economic expansions and 'bad news' during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant for valuing stocks: information about future interest rates and future corporate earnings and divide...

  19. Boosting Learning Algorithm for Stock Price Forecasting

    Science.gov (United States)

    Wang, Chengzhang; Bai, Xiaoming

    2018-03-01

    To tackle complexity and uncertainty of stock market behavior, more studies have introduced machine learning algorithms to forecast stock price. ANN (artificial neural network) is one of the most successful and promising applications. We propose a boosting-ANN model in this paper to predict the stock close price. On the basis of boosting theory, multiple weak predicting machines, i.e. ANNs, are assembled to build a stronger predictor, i.e. boosting-ANN model. New error criteria of the weak studying machine and rules of weights updating are adopted in this study. We select technical factors from financial markets as forecasting input variables. Final results demonstrate the boosting-ANN model works better than other ones for stock price forecasting.

  20. Community monitoring of carbon stocks for REDD+

    DEFF Research Database (Denmark)

    Brofeldt, Søren; Theilade, Ida; Burgess, Neil David

    2014-01-01

    Reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable management of forests, and enhancement of forest carbon stocks in developing countries (REDD+) is a potentially powerful international policy mechanism that many tropica...

  1. SIS - Species and Stock Administrative Data Set

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Species and Stock Administrative data set within the Species Information System (SIS) defines entities within the database that serve as the basis for recording...

  2. Sustainment Stocks for the Korean Theater

    National Research Council Canada - National Science Library

    St

    1998-01-01

    .... This study concludes that the Army intends to provide theater Class VII combat loss replacements, in the Korean theater, in the early stage of conflict or war from Army Pre-positioned Stocks-Sustainment 4 (APS-S 4...

  3. The volatility of stock market prices.

    Science.gov (United States)

    Shiller, R J

    1987-01-02

    If the volatility of stock market prices is to be understood in terms of the efficient markets hypothesis, then there should be evidence that true investment value changes through time sufficiently to justify the price changes. Three indicators of change in true investment value of the aggregate stock market in the United States from 1871 to 1986 are considered: changes in dividends, in real interest rates, and in a direct measure of intertemporal marginal rates of substitution. Although there are some ambiguities in interpreting the evidence, dividend changes appear to contribute very little toward justifying the observed historical volatility of stock prices. The other indicators contribute some, but still most of the volatility of stock market prices appears unexplained.

  4. The price momentum of stock in distribution

    Science.gov (United States)

    Liu, Haijun; Wang, Longfei

    2018-02-01

    In this paper, a new momentum of stock in distribution is proposed and applied in real investment. Firstly, assuming that a stock behaves as a multi-particle system, its share-exchange distribution and cost distribution are introduced. Secondly, an estimation of the share-exchange distribution is given with daily transaction data by 3 σ rule from the normal distribution. Meanwhile, an iterative method is given to estimate the cost distribution. Based on the cost distribution, a new momentum is proposed for stock system. Thirdly, an empirical test is given to compare the new momentum with others by contrarian strategy. The result shows that the new one outperforms others in many places. Furthermore, entropy of stock is introduced according to its cost distribution.

  5. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    In the area of knowledge management and knowledge governance, previous research has mostly focused on either knowledge stocks or knowledge flows of firms or organizational units. Contrary to this work, our study is among the first to integrate these two perspectives in order to shed light...... on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC). We investigate intra-functional as well as cross-functional complementarity effects from the perspective of the knowledge recipient. We test the impact of stocks on flows on the benefit that is created...... for MNC units. Based on a comprehensive sample of 324 relationships between MNC units we find that both types of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross...

  6. Decision Support for the Rolling Stock Dispatcher

    DEFF Research Database (Denmark)

    Groth, Julie Jespersen

    Real-time recovery is receiving a fast growing interest in an increasingly competitive railway operation market. This thesis considers the area of rolling stock dispatching which is one of the typical real-time railway dispatching problems. All work of the thesis is based on the network...... and planning processes of the railway operator DSB S-tog a/s. In the thesis the problems existing in the railway planning process from the strategic to real-time level are briefly sketched. Network planning, line planning, timetabling, crew and rolling stock planning is outlined and relevant references...... are given. Specifically the thesis references the operation research studies based on the railway operation of DSB S-tog a/s. Subsequently the process of dispatching is outlined with a specific emphasis on rolling stock. The rolling stock recovery problem is the problem of assigning train units to train...

  7. Multifractal structures for the Russian stock market

    Science.gov (United States)

    Ikeda, Taro

    2018-02-01

    In this paper, we apply the multifractal detrended fluctuation analysis (MFDFA) to the Russian stock price returns. To the best of our knowledge, this paper is the first to reveal the multifractal structures for the Russian stock market by financial crises. The contributions of the paper are twofold. (i) Finding the multifractal structures for the Russian stock market. The generalized Hurst exponents estimated become highly-nonlinear to the order of the fluctuation functions. (ii) Computing the multifractality degree according to Zunino et al. (2008). We find that the multifractality degree of the Russian stock market can be categorized within emerging markets, however, the Russian 1998 crisis and the global financial crisis dampen the degree when we consider the order of the polynomial trends in the MFDFA.

  8. Dynamic Stock Market Participation of Households

    DEFF Research Database (Denmark)

    Khorunzhina, Natalia

    This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...... education programs can affect consumers’ investment decisions. Using household data from the Panel Study of Income Dynamics, I estimate the magnitude of the participation cost, allowing for individual heterogeneity in it. The results show the average stock market articipation cost is about 5% of labor...... income; however, it varies substantially over consumers’ life. The model successfully predicts the level of the observed articipation rate and the increasing pattern of stock market participation over the consumers’ life cycle....

  9. Privatization, political risk and stock market development

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test which gradually resolves uncertainty

  10. Religion and stock price crash risk: Evidence

    Directory of Open Access Journals (Sweden)

    Wenfei Li

    2016-09-01

    Full Text Available This paper investigates whether religious traditions influence firm-specific crash risk in China. Using a sample of A-share listed firms from 2003 to 2013, we provide evidence that the more intense the religious environment, the lower the stock price crash risk, implying that religion plays an important role in Chinese corporate governance. Further, we find that (1 religion affects stock price crash risk by reducing earnings management and the management perk problem; (2 different religions have different effects, and Taoism, in particular, is unrelated to crash risk; and (3 the effects of religion are more pronounced with higher quality corporate governance and a stronger legal environment. Religion constrains the management agency problem, thus reducing stock price crash risk in China. Our paper enriches the literature on stock price crash risk and religion, and on new economic geography.

  11. Spill management strategy for the Chesapeake Bay

    International Nuclear Information System (INIS)

    Butler, H.L.; Chapman, R.S.; Johnson, B.H.

    1990-01-01

    The Chesapeake Bay Program is a unique cooperative effort between state and Federal agencies to restore the health and productivity of America's largest estuary. To assist in addressing specific management issues, a comprehensive three-dimensional, time-varying hydrodynamic and water quality model has ben developed. The Bay modeling strategy will serve as an excellent framework for including submodules to predict the movement, dispersion, and weathering of accidental spills, such as for petroleum products or other chemicals. This paper presents sample results from the Bay application to illustrate the success of the model system in simulating Bay processes. Also, a review of model requirements for successful spill modeling in Chesapeake Bay is presented. Recommendations are given for implementing appropriate spill modules with the Bay model framework and establishing a strategy for model use in addressing management issues

  12. 78 FR 66681 - Draft 2013 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2013-11-06

    ... may be publicly accessible. Do not submit Confidential Business Information or otherwise sensitive or... completed in 1995. The MMPA requires NMFS and FWS to review the SARs at least annually for strategic stocks... non-strategic stocks. The term ``strategic stock'' means a marine mammal stock: (A) For which the...

  13. 12 CFR 931.3 - Minimum investment in capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum investment in capital stock. 931.3... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A Bank shall require each member to maintain a minimum investment in the capital stock of the Bank, both...

  14. STOCK AND STOCK EXCHANGE AS A PART OF FINANCIAL INSTITUTIONS IN DEVELOPED COUNTRIES

    Directory of Open Access Journals (Sweden)

    Vesna Petrović

    2018-01-01

    Full Text Available The authors have tried to present the term, meaning and importance of stocks and stock exchange as a part of the financial system of developed countries. By observing the financial system growth, especially in financial institutions, it can be noticed that there are changes in relative positions of various types of financial agents in developed market industries. What determines financial markets, and by that the stocks and stock exchange is the permanent movement of financial instruments and neglecting the national market boundaries.

  15. Optimal capital stock and financing constraints

    OpenAIRE

    Saltari, Enrico; Giuseppe, Travaglini

    2011-01-01

    In this paper we show that financing constraints affect the optimal level of capital stock even when the financing constraint is ineffective. This happens when the firm rationally anticipates that access to external financing resources may be rationed in the future. We will show that with these expectations, the optimal investment policy is to invest less in any given period, thereby lowering the desired optimal capital stock in the long run.

  16. Stock Markets Indices in Artificial Insymmetrization Patterns

    International Nuclear Information System (INIS)

    Makowiec, D.

    2002-01-01

    The daily data of indices of Warsaw Stock Exchange - WIG, and New York Stock Exchange - NASDAQ, NYSE and S and P 500 for the last two years are being studied. Properties of fluctuations of daily returns found from scaling analysis of tails are confronted with patterns obtained by the artificial insymmetrization method to specify difference between the world-wide American market and local and rather marginal Polish market. (author)

  17. stockées Ephestia kuehniella (Lepidoptera)

    African Journals Online (AJOL)

    PR BOKO

    de Rebat (2008). [5] - B. DOUMANDJI-MITICHI. Etude d'un ravageur des denrées stockées E. Kuehiella, Am.El Harrach. (1997). [6] - F. TAIBI. Etude comparée du développement et de la reproduction chez deux ravageurs des denrées stockées Ephestia Kuehniella et Tenebrio molitor. Aspect endocrinien en rapport avec.

  18. Essays on Stock Exchange Competition and Pricing

    OpenAIRE

    Andersen, Atso

    2005-01-01

    This study deals with the industrial structure, the nature of competition and the pricing of stock exchange trading services in Europe. Specific for the study is that exchanges are considered to be profit-maximizing institutions that face competition. A conventional analysis of concentration ratios shows that the concentration of European stock exchanges is low. When the nature of competition is measured in more detail, regression results indicate that exchanges operate in monopolistic o...

  19. Stock Option Compensation and Managerial Turnover

    OpenAIRE

    Raluca Georgiana NASTASESCU

    2009-01-01

    This study examines the association between managerial turnover and equity-based compensation. I investigate whether stock options act to bond executives to their firms and whether retention of managers is a motivation of companies in designing CEO incentive contracts. The results show that stock options do negatively influence the probability of a CEO leaving the company. The monetary cost of losing the value of equity-based compensation package keeps the manager with his company. I also fin...

  20. Long - Memory Persistence in African Stock Markets

    Directory of Open Access Journals (Sweden)

    Emmanuel Numapau Gyamfi

    2016-05-01

    Full Text Available Emerging stock markets are said to become efficient with time. This study seeks to investigate this assertion by analyzing long - memory persistence in 8 African stock markets covering the period from 28 August 2000 to 28 August 2015. The Hurst exponent is used as our efficiency measure which is evaluated by the Detrended Fluctuation Analysis (DFA. Our findings show strong evidence of long - memory persistence in the markets studied therefore violating the weak - form Efficient Market Hypothesis (EMH.

  1. Global stock market in 1990-s

    Directory of Open Access Journals (Sweden)

    Moshenskyi S.Z.

    2017-08-01

    Full Text Available The 1990s became a period of long-term recovery, the main driving force of which was the high-tech companies of the so-called «new economy», mainly associated with information technology and Internet at the global stock market. Such innovations have led to unrealistic expectations of the profitability of new companies from the sale of goods and services on the Internet. This became a prerequisite for a speculative boom in equity markets in developed financial systems. The boom intensified the mass privatization of state-owned enterprises in UK, Germany, France and some other countries. The capitalization of the global stock market increased more than ten times although the world GDP grew only 2.5 times during two decades, from 1980 to 2000. Though the stock market is the source of capital only in the countries with the Anglo-American model of financial markets (for countries of continental Europe and Japan such sources are bank loans, stock markets increased in all countries with developed financial systems. The systematic analysis of such key indicators as market capitalization and liquidity is required for an objective assessment of such rise in stock markets. But statistical information at stock markets is often not systematized and fragmentary. Therefore, the author (based on the official statistics of such international financial organizations as the Organization for Economic Co-operation and Development and the World Federation of Exchanges has calculated and systematically analyzed capitalization and liquidity as the main indicators of the stock market for the largest countries with developed financial systems (USA, Great Britain, Germany, France, Japan. The paper displays the differences in the mechanisms of attraction of capital determined by the different models of financial markets (decentralized Anglo-American and centralized European as well as the features of the composition of the main investors in the world stock markets.

  2. Stock Price Synchronicity and Material Sustainability Information

    OpenAIRE

    Grewal, Jody; Hauptmann, Clarissa; Serafeim, Georgios

    2017-01-01

    We examine if, and under what conditions, disclosure of sustainability information identified as investor relevant by market-driven innovations in accounting standard-setting, is associated with stock prices reflecting more firm-specific information and thereby lower synchronicity with market and industry returns. We find that firms voluntarily disclosing more sustainability information, identified as material by the Sustainability Accounting Standards Board (SASB), have lower stock price syn...

  3. Managerial Incentives and Stock Price Manipulation

    OpenAIRE

    Peng, Lin; Röell, Ailsa A

    2009-01-01

    This paper presents a rational expectations model of optimal executive compensation in a setting where managers are in a position to manipulate short-term stock prices, and managers' propensity to manipulate is uncertain. Stock-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in conditioning pay on long- versus short-term performance and characterize a second-best optimal compensation scheme. The paper shows manipu...

  4. Econometric Studies of Stock Market Behaviour

    DEFF Research Database (Denmark)

    Rasmussen, Anne-Sofie Reng

    This thesis consists of three sefcontained essays, all centering around the topic of stock market behaviour. The papers focus on the empirical performance of a number of asset pricing models, all attempting to quantify and price asset risk. We look at how well these models actually do in describing...... the historic behaviour of the stock market, allowing us to get further insight into what drives the markes....

  5. Mutual Fund Competition and Stock Market Liquidity

    OpenAIRE

    Massa, Massimo

    2004-01-01

    We study how competition in the mutual fund industry affects stock market liquidity. We argue that mutual fund families operate as multi-product firms, jointly choosing fees, performance and number of funds and sharing common research facilities. The family-based organization generates economies of scale in information that induce a trade off between performance and number of funds. The presence of more and relatively less-informed funds impacts the market, increasing stock liquidity. This in...

  6. Is there stock market efficiency in Malaysia?

    OpenAIRE

    Sui Suyin, Crystal

    2007-01-01

    This study is tests the Malaysian stock exchange, the Kuala Lumpur Stock Exchange (KLSE) for any evidences of efficiency. The approach to carrying out the tests is discussed in careful detail whilst still considering the other aspects of the study. The Efficient Market Hypothesis is explained in detailed as well a discussion on the vast debate concerning the EMH, which includes literature that support and do not support the concept of an efficient market. This debate is situated vitally aroun...

  7. 75 FR 8297 - Tongass National Forest, Thorne Bay Ranger District, Thorne Bay, AK

    Science.gov (United States)

    2010-02-24

    ..., Thorne Bay, AK AGENCY: Forest Service, USDA. ACTION: Cancellation of Notice of intent to prepare an... Roberts, Zone Planner, Thorne Bay Ranger District, Tongass National Forest, P.O. Box 19001, Thorne Bay, AK 99919, telephone: 907-828-3250. SUPPLEMENTARY INFORMATION: The 47,007-acre Kosciusko Project Area is...

  8. 77 FR 44140 - Drawbridge Operation Regulation; Sturgeon Bay Ship Canal, Sturgeon Bay, WI

    Science.gov (United States)

    2012-07-27

    ... Maple-Oregon Bridges so vehicular traffic congestion would not develop on downtown Sturgeon Bay streets... movement of vehicular traffic in Sturgeon Bay. The Sturgeon Bay Ship Canal is approximately 8.6 miles long... significant increase in vehicular and vessel traffic during the peak tourist and navigation season between...

  9. The onset of deglaciation of Cumberland Bay and Stromness Bay, South Georgia

    NARCIS (Netherlands)

    Van Der Putten, N.; Verbruggen, C.

    Carbon dating of basal peat deposits in Cumberland Bay and Stromness Bay and sediments from a lake in Stromness Bay, South Georgia indicates deglaciation at the very beginning of the Holocene before c. 9500 14C yr BP. This post-dates the deglaciation of one local lake which has been ice-free since

  10. 78 FR 46813 - Safety Zone; Evening on the Bay Fireworks; Sturgeon Bay, WI

    Science.gov (United States)

    2013-08-02

    ...-AA00 Safety Zone; Evening on the Bay Fireworks; Sturgeon Bay, WI AGENCY: Coast Guard, DHS. ACTION.... This temporary safety zone will restrict vessels from a portion of Sturgeon Bay due to a fireworks... hazards associated with the fireworks display. DATES: This rule is effective from 8 p.m. until 10 p.m. on...

  11. 17 CFR 240.15g-2 - Penny stock disclosure document relating to the penny stock market.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Penny stock disclosure document relating to the penny stock market. 240.15g-2 Section 240.15g-2 Commodity and Securities Exchanges... Section 15(d) of the Act § 240.15g-2 Penny stock disclosure document relating to the penny stock market...

  12. 12 CFR 221.119 - Applicability of plan-lender provisions to financing of stock options and stock purchase rights...

    Science.gov (United States)

    2010-01-01

    ... experience that in some nonqualified plans, particularly stock purchase plans, the credit arrangement is... financing of stock options and stock purchase rights qualified or restricted under Internal Revenue Code... PURCHASING OR CARRYING MARGIN STOCK (REGULATION U) Interpretations § 221.119 Applicability of plan-lender...

  13. Converting partially-stocked aspen stands to fully-stocked stands in the Lake States: an economic analysis.

    Science.gov (United States)

    Jeffrey T. Olson; Allen L. Lundgren

    1978-01-01

    The 1968 Wisconsin Forest Survey showed large areas of aspen type that are not considered fully stocked. The economic feasibility of converting partially-stocked stands to full stocking is examined, and a rule presented for determining when a partially-stocked stand should be harvested to maximize its present value.

  14. Stock prices forecasting based on wavelet neural networks with PSO

    OpenAIRE

    Wang Kai-Cheng; Yang Chi-I; Chang Kuei-Fang

    2017-01-01

    This research examines the forecasting performance of wavelet neural network (WNN) model using published stock data obtained from Financial Times Stock Exchange (FTSE) Taiwan Stock Exchange (TWSE) 50 index, also known as Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX), hereinafter referred to as Taiwan 50. Our WNN model uses particle swarm optimization (PSO) to choose the appropriate initial network values for different companies. The findings come with two advantages. First...

  15. Stock-based Compensation Plans and Employee Incentives

    OpenAIRE

    Jan Zabojnik

    2014-01-01

    Standard principal-agent theory predicts that large firms should not use employee stock options and other stock-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock-based compensation improves incentives, and mounting empirical evidence points to the same conclusion. This paper provides an explanation for why stock-based incentives can be effective. In the model of this paper, employee stock options complement individual...

  16. Forecast Correlation Coefficient Matrix of Stock Returns in Portfolio Analysis

    OpenAIRE

    Zhao, Feng

    2013-01-01

    In Modern Portfolio Theory, the correlation coefficients decide the risk of a set of stocks in the portfolio. So, to understand the correlation coefficients between returns of stocks, is a challenge but is very important for the portfolio management. Usually, the stocks with small correlation coefficients or even negative correlation coefficients are preferred. One can calculate the correlation coefficients of stock returns based on the historical stock data. However, in order to control the ...

  17. Which stocks are profitable? A network method to investigate the effects of network structure on stock returns

    Science.gov (United States)

    Chen, Kun; Luo, Peng; Sun, Bianxia; Wang, Huaiqing

    2015-10-01

    According to asset pricing theory, a stock's expected returns are determined by its exposure to systematic risk. In this paper, we propose a new method for analyzing the interaction effects among industries and stocks on stock returns. We construct a complex network based on correlations of abnormal stock returns and use centrality and modularity, two popular measures in social science, to determine the effect of interconnections on industry and stock returns. Supported by previous studies, our findings indicate that a relationship exists between inter-industry closeness and industry returns and between stock centrality and stock returns. The theoretical and practical contributions of these findings are discussed.

  18. Quantifying the Journey of a Turbidity Current: How Water and Sediment Discharges Vary with Distance in Monterey Canyon

    Science.gov (United States)

    Chapplow, N.; Talling, P.; Cartigny, M.; Parsons, D. R.; Simmons, S.; Clare, M. A.; Paull, C. K.

    2017-12-01

    Turbidity currents transport vast quantities of sediment across the seafloor and form the largest sediment accumulations on Earth. Such flows pose a hazard to strategically important seafloor infrastructure and are important agents for the transport of organic carbon and nutrients that support deep-sea ecosystems. It is therefore important to quantify the scale of these flows, how much sediment they transport, and how their discharge evolves over time and space along their flow path. Two modes of flow evolution have been proposed based on experimental and numerical models. The first is termed ignition, where flows entrain seafloor sediment and become more voluminous and powerful and increase in discharge. The second is dissipation, where sediment falls out of suspension, flows decelerate and lose discharge. Field-scale turbidity currents have only been measured at a handful of sites worldwide, however, and never at multiple locations along their full course. Therefore, it has not been possible to determine when, where and why flows diverge into these two modes in the deep sea and how discharge of the flows varies. The ambitious multi-institution Coordinated Canyon Experiment measured turbidity currents at seven instrumented moorings along the Monterey Canyon, offshore California. Fifteen flows were recorded, including the fastest events yet measured at high resolution (>8 m/s). This remarkable dataset provides the first opportunity to quantify down-channel sediment and flow discharge evolution of turbidity currents in the deep sea. To understand whether flows ignite or dissipate, we derive total and sediment discharges for each of the flows at all seven mooring locations down the canyon. Discharges are calculated from measured velocities, and sediment concentrations derived using a novel inversion method. Two distinct flow modes are observed, where most flows rapidly dissipated in the upper reaches of the canyon, while three ran out for the full 50 km array length

  19. Stocks and energy shocks : the impact of energy accidents on stock market value

    NARCIS (Netherlands)

    Scholtens, B.; Boersen, A.

    We investigate how financial market participants value energy accidents. We employ an event study to look into the response of stock markets to 209 accidents. These accidents were derived from Sovacool's (2008) database on major energy accidents from 1907 to 2007. It appears that the stock market in

  20. The Difference Between Stock Splits and Stock Dividends - Evidence from Denmark

    DEFF Research Database (Denmark)

    Raaballe, Johannes; Bechmann, Ken L.

    2007-01-01

    splits is closely related to changes in a firm's payout policy, but that the relationship differs for the two types of events. A stock dividend implies an increase in nominal share capital and hence a decrease in retained earnings. Firms announcing stock dividends finance growth entirely by debt...

  1. ADVISABILITY OF MERGING THE BUCHAREST STOCK EXCHANGE AND THE SIBIU MONETARYFINANCIAL AND STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Aura Dudas

    2011-01-01

    Full Text Available Analysis of performances of local stock exchanges in the latest years points out thenecessity of increasing the visibility of the local capital market in the regional andEuropean landscape. A single stock market may have the effect of increased credibility,giving thus an impulse to the number of new listings and of new investors.

  2. Multifractal in Volatility of Family Business Stocks Listed on Casablanca STOCK Exchange

    Science.gov (United States)

    Lahmiri, Salim

    In this paper, we check for existence of multifractal in volatility of Moroccan family business stock returns and in volatility of Casablanca market index returns based on multifractal detrended fluctuation analysis (MF-DFA) technique. Empirical results show strong evidence of multifractal characteristics in volatility series of both family business stocks and market index. In addition, it is found that small variations in volatility of family business stocks are persistent, whilst small variations in volatility of market index are anti-persistent. However, large variations in family business volatility and market index volatility are both anti-persistent. Furthermore, multifractal spectral analysis based results show strong evidence that volatility in Moroccan family business companies exhibits more multifractality than volatility in the main stock market. These results may provide insightful information for risk managers concerned with family business stocks.

  3. CSR and Company's Stock Price. A Comparative Evidence from Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Adina Dornean

    2017-05-01

    Full Text Available This paper aims at analysing the relationship between Corporate Social Responsibility (CSR and stock price for the companies listed on Bucharest Stock Exchange (BSE in 2015, comparing with the results obtained for 2014. This study investigates the differences in the market stock price (and other market variables, such as dividends and stock return of companies that show CSR compared with those that do not. For this purpose we will use three statistical techniques: discriminant analysis, probit analysis model and logistic regression. There is no significant difference between the prediction ability of the models, in the context in which probit model and logistic regression have and average correct classification of 70.29%, while discriminant analysis records 71.62%. Our analysis highlighted that stock return has a significant impact on CSR activities of a company. Moreover, all discriminants have a positive impact on CSR.

  4. Crude oil price shocks and stock returns. Evidence from Turkish stock market under global liquidity conditions

    Energy Technology Data Exchange (ETDEWEB)

    Berk, Istemi [Koeln Univ. (Germany). Energiewirtschaftliches Inst.; Aydogan, Berna [Izmir Univ. of Economics (Turkey). Dept. of International Trade and Finance

    2012-09-15

    The purpose of this study is to investigate the impacts of crude oil price variations on the Turkish stock market returns. We have employed vector autoregression (V AR) model using daily observations of Brent crude oil prices and Istanbul Stock Exchange National Index (ISE- 1 00) returns for the period between January 2, 1990 and November 1, 2011. We have also tested the relationship between oil prices and stock market returns under global liquidity conditions by incorporating a liquidity proxy variable, Chicago Board of Exchange's (CBOE) S and P 500 market volatility index (VIX), into the model. Variance decomposition test results suggest little empirical evidence that crude oil price shocks have been rationally evaluated in the Turkish stock market. Rather, it was global liquidity conditions that were found to account for the greatest amount of variation in stock market returns.

  5. Analysis of Salinity Intrusion in the San Francisco Bay-Delta Using a GA-Optimized Neural Net, and Application of the Model to Prediction in the Elkhorn Slough Habitat

    Science.gov (United States)

    Thompson, D. E.; Rajkumar, T.

    2002-12-01

    , and used this to enhance the neural network by mapping input-output relationships in a more efficient manner. Furthermore, the neural network implicitly incorporates both the hydrodynamic and water quality models into a single predictive system. Although our model has not yet been enhanced to demonstrate improve pumping schedules, it has the possibility to support better decision-making procedures that may then be implemented by State agencies if desired. Our intention is now to use our calibrated Bay-Delta neural model in the smaller Elkhorn Slough complex near Monterey Bay where no such hydrodynamic model currently exists. At the Elkhorn Slough, we are fusing the neural net model of tidally-driven flow with in situ flow data and airborne and satellite remote sensing data. These further constrain the behavior of the model in predicting the longer-term health and future of this vital estuary. In particular, we are using visible data to explore the effects of the sediment plume that wastes into Monterey Bay, and infrared data and thermal emissivities to characterize the plant habitat along the margins of the Slough as salinity intrusion and sediment removal change the boundary of the estuary. The details of the Bay-Delta neural net model and its application to the Elkhorn Slough are presented in this paper.

  6. Unique thermal record in False Bay

    CSIR Research Space (South Africa)

    Grundlingh, ML

    1993-10-01

    Full Text Available Over the past decade False Bay has assumed a prime position in terms of research in to large South African bays. This is manifested by investigations that cover flow conditions modelling, thermal structure, management, biology and nutrients, geology...

  7. Hierarchical mixtures of naive Bayes classifiers

    NARCIS (Netherlands)

    Wiering, M.A.

    2002-01-01

    Naive Bayes classifiers tend to perform very well on a large number of problem domains, although their representation power is quite limited compared to more sophisticated machine learning algorithms. In this pa- per we study combining multiple naive Bayes classifiers by using the hierar- chical

  8. Safety culture development at Daya Bay NPP

    International Nuclear Information System (INIS)

    Zhang Shanming

    2001-01-01

    From view on Organization Behavior theory, the concept, development and affecting factors of safety culture are introduced. The focuses are on the establishment, development and management practice for safety culture at Daya Bay NPP. A strong safety culture, also demonstrated, has contributed greatly to improving performance at Daya Bay

  9. The Holocene History of Placentia Bay, Newfoundland

    DEFF Research Database (Denmark)

    Sheldon, Christina; Seidenkrantz, Marit-Solveig; Reynisson, Njall

    2013-01-01

    Marine sediments analyzed from cores taken in Placentia Bay, Newfoundland, located in the Labrador Sea, captured oceanographic and climatic changes from the end of the Younger Dryas through the Holocene. Placentia Bay is an ideal site to capture changes in both the south-flowing Labrador Current ...

  10. Towards a sustainable future in Hudson Bay

    International Nuclear Information System (INIS)

    Okrainetz, G.

    1991-01-01

    To date, ca $40-50 billion has been invested in or committed to hydroelectric development on the rivers feeding Hudson Bay. In addition, billions more have been invested in land uses such as forestry and mining within the Hudson Bay drainage basin. However, there has never been a study of the possible impacts on Hudson Bay resulting from this activity. Neither has there been any federal environmental assessment on any of the economic developments that affect Hudson Bay. To fill this gap in knowledge, the Hudson Bay Program was established. The program will not conduct scientific field research but will rather scan the published literature and consult with leading experts in an effort to identify biophysical factors that are likely to be significantly affected by the cumulative influence of hydroelectric and other developments within and outside the region. An annotated bibliography on Hudson Bay has been completed and used to prepare a science overview paper, which will be circulated for comment, revised, and used as the basis for a workshop on cumulative effects in Hudson Bay. Papers will then be commissioned for a second workshop to be held in fall 1993. A unique feature of the program is its integration of traditional ecological knowledge among the Inuit and Cree communities around Hudson Bay with the scientific approach to cumulative impact assessment. One goal of the program is to help these communities bring forward their knowledge in such a way that it can be integrated into the cumulative effects assessment

  11. Comparison between global financial crisis and local stock disaster on top of Chinese stock network

    Science.gov (United States)

    Xia, Lisi; You, Daming; Jiang, Xin; Guo, Quantong

    2018-01-01

    The science of complex network theory can be usefully applied in many important fields, one of which is the finance. In these practical cases, a massive dataset can be represented as a very large network with certain attributes associated with its nodes and edges. As one of the most important components of financial market, stock market has been attracting more and more attention. In this paper, we propose a threshold model to build Chinese stock market networks and study the topological properties of these networks. To be specific, we compare the effects of different crises, namely the 2008 global crisis and the stock market disaster in 2015, on the threshold networks. Prices of the stocks belonging to the Shanghai and Shenzhen 300 index are considered for three periods: the global crisis, common period and the stock market disaster. We find the probability distribution of the cross-correlations of the stocks during the stock market disaster is fatter than that of others. Besides, the thresholds of cross-correlations are assigned to obtain the threshold networks and the power-law of degree distribution in these networks are observed in a certain range of threshold values. The networks during the stock market disaster also appear to have larger mean degree and modularity, which reveals the strong correlations among these stock prices. Our findings to some extent crosscheck the liquidity shortage reason which is believed to result in the outbreak of the stock market disaster. Moreover, we hope that this paper could give us a deeper understanding of the market's behavior and also lead to interesting future research about the problems of modern finance theory.

  12. Fractal patterns in Stock Intertrading Times

    Science.gov (United States)

    White, Ainslie; Lee, Youngki; Ivanov, Plamen Ch.

    2003-03-01

    We study intertrades times (ITT) of stock trades of a range of companies included in the New York Stock Exchange's Trades and Quotes (TAQ) database. The time between transactions is an indicator of the dynamics of the market, and in the field of econometrics, intertrade durations play a key role in the understanding of the market activity and microstructure. Previous work has mainly focused on the properties of price changes of individual company stocks as well as global financial indices (e.g. SP500, DJ etc.). We hypothesize that there is a relation between the dynamics of price change and the trading activity. To investigate this relation we first study the statistical features of ITT data. The TAQ database covers all transactions on the NSE, AMEX, NASDAQ and the US regional exchanges. We have performed a preliminary analysis of 100 company stocks from a range of industries of the US economy selecting predominantly those companies which have large market capitalisations (MC). We focus on companies with large MC, since the dynamics of the price change and trading activity of stocks of such companies has a considerable impact on the market behaviour.

  13. Changing recruitment capacity in global fish stocks.

    Science.gov (United States)

    Britten, Gregory L; Dowd, Michael; Worm, Boris

    2016-01-05

    Marine fish and invertebrates are shifting their regional and global distributions in response to climate change, but it is unclear whether their productivity is being affected as well. Here we tested for time-varying trends in biological productivity parameters across 262 fish stocks of 127 species in 39 large marine ecosystems and high-seas areas (hereafter LMEs). This global meta-analysis revealed widespread changes in the relationship between spawning stock size and the production of juvenile offspring (recruitment), suggesting fundamental biological change in fish stock productivity at early life stages. Across regions, we estimate that average recruitment capacity has declined at a rate approximately equal to 3% of the historical maximum per decade. However, we observed large variability among stocks and regions; for example, highly negative trends in the North Atlantic contrast with more neutral patterns in the North Pacific. The extent of biological change in each LME was significantly related to observed changes in phytoplankton chlorophyll concentration and the intensity of historical overfishing in that ecosystem. We conclude that both environmental changes and chronic overfishing have already affected the productive capacity of many stocks at the recruitment stage of the life cycle. These results provide a baseline for ecosystem-based fisheries management and may help adjust expectations for future food production from the oceans.

  14. Spillovers among regional and international stock markets

    Science.gov (United States)

    Huen, Tan Bee; Arsad, Zainudin; Chun, Ooi Po

    2014-07-01

    Realizing the greater risk by the increase in the level of financial market integration, this study investigates the dynamic of international and regional stock markets co-movement among Asian countries with the world leading market, the US. The data utilized in this study comprises of weekly closing prices for four stock indices, that consists of two developing markets (Malaysia and China) and two developed markets (Japan and the US), and encompasses the period from January 1996 to December 2012. Multivariate Generalized Autoregressive Conditional Heteroscedasticity (MGARCH) model with the BEKK parameterization is employed to investigate the mean and volatility spillover effects among the selected stock indices. The results show significant mean spillover not only from the larger developed markets to smaller developing markets but also from the smaller developing markets to larger developed markets. Volatility spillover between the developed markets is found to be smaller than that between the developing markets. Conditional correlations among the stock markets are found to increase over the sample period. The findings of significant mean and volatility spillovers are considered as bad news for international investors as it reduces the benefit from portfolio diversification but act as useful information for investors to be more aware in diversifying their investment or stock selection.

  15. Using the Stock Market to Teach Physics

    Science.gov (United States)

    Faux, David A.; Hearn, Stephen

    2004-11-01

    Students are interested in money. Personal finance is an important issue for most students, especially as they move into university education and take a greater control of their own finances. Many are also interested in stock markets and their ability to allow someone to make, and lose, large sums of money, with their interest fueled by the boom in technology-based stocks of 2000/2001 followed by their subsequent dramatic collapse and the publicizing of so-called "rogue-traders." There is also a much greater ownership of stocks by families following public offerings, stock-based savings products, and the ability to trade stocks online. Consequently, there has been a steady growth of finance and finance-related courses available within degree programs in response to the student demand, with many students motivated by the huge salaries commanded by those with a successful career in the financial sector. We report here details of a joint project between Charterhouse School and the University of Surrey designed to exploit the excitement of finance to teach elements of the high school (age 16-18) curriculum through modeling and simulation.

  16. Linkage between company scores and stock returns

    Directory of Open Access Journals (Sweden)

    Saban Celik

    2017-12-01

    Full Text Available Previous studies on company scores conducted at firm-level, generally concluded that there exists a positive relation between company scores and stock returns. Motivated by these studies, this study examines the relationship between company scores (Corporate Governance Score, Economic Score, Environmental Score, and Social Score and stock returns, both at portfolio-level analysis and firm-level cross-sectional regressions. In portfolio-level analysis, stocks are sorted based on each company scores and quintile portfolio are formed with different levels of company scores. Then, existence and significance of raw returns and risk-adjusted returns difference between portfolios with the extreme company scores (portfolio 10 and portfolio 1 is tested. In addition, firm-level cross-sectional regression is performed to examine the significance of company scores effects with control variables. While portfolio-level analysis results indicate that there is no significant relation between company scores and stock returns; firm-level analysis indicates that economic, environmental, and social scores have effect on stock returns, however, significance and direction of these effects change, depending on the included control variables in the cross-sectional regression.

  17. Long memory in the Croatian and Hungarian stock market returns

    Directory of Open Access Journals (Sweden)

    Silvo Dajčman

    2012-06-01

    Full Text Available The objective of this paper is to analyze and compare the fractal structure of the Croatian and Hungarian stock market returns. The presence of long memory components in asset returns provides evidence against the weak-form of stock market efficiency. The starting working hypothesis that there is no long memory in the Croatian and Hungarian stock market returns is tested by applying the Kwiatkowski-Phillips-Schmidt-Shin (KPSS (1992 test, Lo’s (1991 modified rescaled range (R/S test, and the wavelet ordinary least squares (WOLS estimator of Jensen (1999. The research showed that the WOLS estimator may lead to different conclusions regarding long memory presence in the stock returns from the KPSS and unit root tests or Lo’s R/S test. Furthermore, it proved that the fractal structure of individual stock returns may be masked in aggregated stock market returns (i.e. in returns of stock index. The main finding of the paper is that both the Croatian stock index Crobex and individual stocks in this index exhibit long memory. Long memory is identified for some stocks in the Hungarian stock market as well, but not for the stock market index BUX. Based on the results of the long memory tests, it can be concluded that while the Hungarian stock market is weakform efficient, the Croatian stock market is not.

  18. THE PLACE OF BUCHAREST STOCK EXCHANGE AMONGST THE CAPITAL MARKETS FROM CENTRAL AND EASTERN EUROPE

    OpenAIRE

    Iulia-Oana Stefan

    2015-01-01

    This study performs a thorough comparative analysis over the last five years on the activity of Bucharest Stock Exchange compared to that of the major stock exchanges in Central and Eastern Europe, respectively, the Bulgarian Stock Exchange, the Bratislava Stock Exchange, the CEESEG Budapest Stock Exchange, the CEESEG Ljubljana Stock Exchange, the CEESEG Prague Stock Exchange and the Warsaw Stock Exchange. Thus, through a correlated interpretation of both the evolution of the main stock marke...

  19. Optimization Stock Portfolio With Mean-Variance and Linear Programming: Case In Indonesia Stock Market

    Directory of Open Access Journals (Sweden)

    Yen Sun

    2010-05-01

    Full Text Available It is observed that the number of Indonesia’s domestic investor who involved in the stock exchange is very less compare to its total number of population (only about 0.1%. As a result, Indonesia Stock Exchange (IDX is highly affected by foreign investor that can threat the economy. Domestic investor tends to invest in risk-free asset such as deposit in the bank since they are not familiar yet with the stock market and anxious about the risk (risk-averse type of investor. Therefore, it is important to educate domestic investor to involve in the stock exchange. Investing in portfolio of stock is one of the best choices for risk-averse investor (such as Indonesia domestic investor since it offers lower risk for a given level of return. This paper studies the optimization of Indonesian stock portfolio. The data is the historical return of 10 stocks of LQ 45 for 5 time series (January 2004 – December 2008. It will be focus on selecting stocks into a portfolio, setting 10 of stock portfolios using mean variance method combining with the linear programming (solver. Furthermore, based on Efficient Frontier concept and Sharpe measurement, there will be one stock portfolio picked as an optimum Portfolio (Namely Portfolio G. Then, Performance of portfolio G will be evaluated by using Sharpe, Treynor and Jensen Measurement to show whether the return of Portfolio G exceeds the market return. This paper also illustrates how the stock composition of the Optimum Portfolio (G succeeds to predict the portfolio return in the future (5th January – 3rd April 2009. The result of the study observed that optimization portfolio using Mean-Variance (consistent with Markowitz theory combine with linear programming can be applied into Indonesia stock’s portfolio. All the measurements (Sharpe, Jensen, and Treynor show that the portfolio G is a superior portfolio. It is also been found that the composition (weights stocks of optimum portfolio (G can be used to

  20. THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Viorica CHIRILA

    2015-12-01

    Full Text Available Testing the hypothesis of informational efficiency is a permanent preoccupation of researchers because the theories and the models of modern finance are based on it. This paper presents the results obtained after testing the efficiency hypothesis, in the weak form, for the European stock market of the companies that belong to the economic steel sub-sector. Following the use of both linear and non-linear tests of autocorrelation of returns we can conclude that the European stock market in the economic steel sub-sector is inefficient from an informational point of view and the investors in these stocks may obtain better results than those of the European market in general.

  1. Flight to Safety from European Stock Markets

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte

    -return trade-off is positive and during flight-to-safety episodes it is negative. The effects of flight-to-safety episodes on the risk-return trade-off are qualitatively similar for own country flight-to-safety episodes, for flight from own country stock market to the US bond market, and for US flight......This paper investigates flight-to-safety from stocks to bonds in seven European markets. We use quantile regressions to identify flight-to-safety episodes. The simple risk-return trade-off on the stock markets is negative which is caused by flight-to-safety episodes: During normal periods, the risk...

  2. An Intelligent Model for Stock Market Prediction

    Directory of Open Access Journals (Sweden)

    IbrahimM. Hamed

    2012-08-01

    Full Text Available This paper presents an intelligent model for stock market signal prediction using Multi-Layer Perceptron (MLP Artificial Neural Networks (ANN. Blind source separation technique, from signal processing, is integrated with the learning phase of the constructed baseline MLP ANN to overcome the problems of prediction accuracy and lack of generalization. Kullback Leibler Divergence (KLD is used, as a learning algorithm, because it converges fast and provides generalization in the learning mechanism. Both accuracy and efficiency of the proposed model were confirmed through the Microsoft stock, from wall-street market, and various data sets, from different sectors of the Egyptian stock market. In addition, sensitivity analysis was conducted on the various parameters of the model to ensure the coverage of the generalization issue. Finally, statistical significance was examined using ANOVA test.

  3. Quantifying Stock Return Distributions in Financial Markets.

    Science.gov (United States)

    Botta, Federico; Moat, Helen Susannah; Stanley, H Eugene; Preis, Tobias

    2015-01-01

    Being able to quantify the probability of large price changes in stock markets is of crucial importance in understanding financial crises that affect the lives of people worldwide. Large changes in stock market prices can arise abruptly, within a matter of minutes, or develop across much longer time scales. Here, we analyze a dataset comprising the stocks forming the Dow Jones Industrial Average at a second by second resolution in the period from January 2008 to July 2010 in order to quantify the distribution of changes in market prices at a range of time scales. We find that the tails of the distributions of logarithmic price changes, or returns, exhibit power law decays for time scales ranging from 300 seconds to 3600 seconds. For larger time scales, we find that the distributions tails exhibit exponential decay. Our findings may inform the development of models of market behavior across varying time scales.

  4. The Geometric Phase of Stock Trading.

    Science.gov (United States)

    Altafini, Claudio

    2016-01-01

    Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

  5. Lists of semi-dwarf cereal stocks

    International Nuclear Information System (INIS)

    1984-01-01

    The lists are prepared in relation to the Co-ordinated Research Programme. At the first Research Co-ordination Meeting on evaluation of cereal semi-dwarf mutants for cross breeding, March 1981, programme participants were requested to list semi-dwarf mutants available at their institutes including also non-induced semi-dwarf stocks being used in cross-breeding programme for short stature. List-I is prepared from such lists provided by programme participants. Further it was requested to name breeders and institutes providing characteristics of the listed semi-dwarf stocks. List-II gives that information. In the List-I: Parents of semi-dwarf stocks derived from cross breeding, are shown in brackets. In column ''Culm length'', figures are in cm and those of parent cultivars are shown in brackets

  6. Clustering stocks using partial correlation coefficients

    Science.gov (United States)

    Jung, Sean S.; Chang, Woojin

    2016-11-01

    A partial correlation analysis is performed on the Korean stock market (KOSPI). The difference between Pearson correlation and the partial correlation is analyzed and it is found that when conditioned on the market return, Pearson correlation coefficients are generally greater than those of the partial correlation, which implies that the market return tends to drive up the correlation between stock returns. A clustering analysis is then performed to study the market structure given by the partial correlation analysis and the members of the clusters are compared with the Global Industry Classification Standard (GICS). The initial hypothesis is that the firms in the same GICS sector are clustered together since they are in a similar business and environment. However, the result is inconsistent with the hypothesis and most clusters are a mix of multiple sectors suggesting that the traditional approach of using sectors to determine the proximity between stocks may not be sufficient enough to diversify a portfolio.

  7. Stocks of organic carbon in Estonian soils

    Directory of Open Access Journals (Sweden)

    Kõlli, Raimo

    2009-06-01

    Full Text Available The soil organic carbon (SOC stocks (Mg ha–1 ofautomorphic mineral (9 soil groups, hydromorphic mineral (7, and lowland organic soils (4 are given for the soil cover or solum layer as a whole and also for its epipedon (topsoil layer. The SOC stocks for forest, arable lands, and grasslands and for the entire Estonian soil cover were calculated on the basis of the mean SOC stock and distribution area of the respective soil type. In the Estonian soil cover (42 400 km2, a total of 593.8 ± 36.9 Tg of SOC is retained, with 64.9% (385.3 ± 27.5 Tg in the epipedon layer (O, H, and A horizons and 35.1% in the subsoil (B and E horizons. The pedo-ecological regularities of SOC retention in soils are analysed against the background of the Estonian soil ordination net.

  8. Energy savings in Danish residential building stock

    DEFF Research Database (Denmark)

    Tommerup, Henrik M.; Svendsen, Svend

    2006-01-01

    a short account of the technical energy-saving possibilities that are present in existing dwellings and presents a financial methodology used for assessing energy-saving measures. In order to estimate the total savings potential detailed calculations have been performed in a case with two typical...... buildings representing the residential building stock and based on these calculations an assessment of the energy-saving potential is performed. A profitable savings potential of energy used for space heating of about 80% is identified over 45 years (until 2050) within the residential building stock......A large potential for energy savings exists in the Danish residential building stock due to the fact that 75% of the buildings were constructed before 1979 when the first important demands for energy performance of building were introduced. It is also a fact that many buildings in Denmark face...

  9. Statistical properties of trading activity in Chinese stock market

    Science.gov (United States)

    Sun, Xiaoqian; Cheng, Xueqi; Shen, Huawei; Wang, Zhaoyang

    2010-08-01

    We investigate the statistical properties of traders' trading behavior using cumulative distribution function(CDF). We analyze exchange data of 52 stocks for one-year period which contains non-manipulated stocks and manipulated stocks published by China Securities Regulatory Commission(CSRC). By analyzing the total number of transactions and the trading volume of each trader over a year, we find the cumulative distributions have power-law tails and the distributions between non-manipulated stocks and manipulated stocks are different. These findings can help us to detect the manipulated stocks.

  10. Stock Performance of Socially Responsible Companies

    Directory of Open Access Journals (Sweden)

    Huang Tzu-Man

    2016-12-01

    Full Text Available Every year Corporate Responsibility Magazine selects and ranks 100 companies on the basis of their corporate social responsibility. This study investigates the stock performance of socially responsible companies in the U.S. The monthly stock returns for these companies are analyzed and compared with the market performance, with the S&P 500 index designated as a proxy for the market. The empirical evidence suggests that these 100 companies outperform the market in their monthly stock returns. We also narrow down the number of companies selected to the top 75, 50, 25, and 10 firms. As we narrow down the companies selected, the difference between their returns and the market returns also narrows. In other words, a portfolio that includes all top 100 companies provides the best stock performance. We extend the analysis to long-term annual stock performance. We find that these socially responsible companies′ annual returns are higher than the market returns for up to seven years after they are listed. We also conduct the same analysis on the top 75, 50, 25, and 10 firms, respectively. Similarly, the larger the number of these top 100 companies, the greater the tendency to generate higher annual returns. We suspect that because the difference between the socially responsible companies′ average returns and the market returns is not dramatic, with a bigger population and thus a larger sample size, the difference becomes more significant. However, in practice, transaction costs must be considered. This study is limited in that it does not consider transaction costs. Nevertheless, we hope to shed some light on the issue of socially responsible companies′ stock performance to encourage companies to start thinking about the importance of corporate social responsibility.

  11. Genetic stock identification of Russian honey bees.

    Science.gov (United States)

    Bourgeois, Lelania; Sheppard, Walter S; Sylvester, H Allen; Rinderer, Thomas E

    2010-06-01

    A genetic stock certification assay was developed to distinguish Russian honey bees from other European (Apis mellifera L.) stocks that are commercially produced in the United States. In total, 11 microsatellite and five single-nucleotide polymorphism loci were used. Loci were selected for relatively high levels of homogeneity within each group and for differences in allele frequencies between groups. A baseline sample consisted of the 18 lines of Russian honey bees released to the Russian Bee Breeders Association and bees from 34 queen breeders representing commercially produced European honey bee stocks. Suitability tests of the baseline sample pool showed high levels of accuracy. The probability of correct assignment was 94.2% for non-Russian bees and 93.3% for Russian bees. A neighbor-joining phenogram representing genetic distance data showed clear distinction of Russian and non-Russian honey bee stocks. Furthermore, a test of appropriate sample size showed a sample of eight bees per colony maximizes accuracy and consistency of the results. An additional 34 samples were tested as blind samples (origin unknown to those collecting data) to determine accuracy of individual assignment tests. Only one of these samples was incorrectly assigned. The 18 current breeding lines were represented among the 2009 blind sampling, demonstrating temporal stability of the genetic stock identification assay. The certification assay will be used through services provided by a service laboratory, by the Russian Bee Breeders Association to genetically certify their stock. The genetic certification will be used in conjunction with continued selection for favorable traits, such as honey production and varroa and tracheal mite resistance.

  12. Determinants of Stock Price Movements: Evidence from Chittagong Stock Exchange, Bangladesh

    Directory of Open Access Journals (Sweden)

    Mohammed Syedul Islam

    2015-01-01

    Full Text Available Stock market plays a vital role in the economic development of an economy. It bridges up between savers and real manufacturers by raising funds from investors to companies. This process was broken down due to the 2010-2011 stock market crash in Bangladesh. Though the determinants of stock price have been settled empirically, the current paper aims to reexamine the relationship between stock price, dividend and retained earnings of 29 listed banks of Chittagong Stock Exchange, in the post-crash period. Cross-sectional data were collected from secondary sources. Using linear regression method, the study found that both, dividend and retained earnings of sample banks have strong influence over the stock price, though there was moderate explanatory power of those variables. After reviewing the causes of crisis 2010-2011, this study suggests the following: to control price manipulation, to publish proper financial statement, regulate the dividend policy, to ensure sufficient knowledge among investors, recruit technical expert and ensure proper settlement for transactions, prevent crises of stock market against speculation etc.

  13. Stock vs. Bond Yields, and Demographic Fluctuations

    DEFF Research Database (Denmark)

    Gozluklu, Arie; Morin, Annaïg

    This paper analyzes the strong comovement between real stock and nominal bond yields at generational (low) frequencies. Life-cycle patterns in savings behavior in an overlapping generations model with cash-in-advance constraints explain this persistent comovement between financial yields. We argue...... that the slow-evolving time-series covariation due to changing population age structure accounts for the equilibrium relation between stock and bond markets. As a result, by exploiting the demographic information into distant future, the forecasting performance of evaluation models improves. Finally, using...

  14. Stock market index prediction using neural networks

    Science.gov (United States)

    Komo, Darmadi; Chang, Chein-I.; Ko, Hanseok

    1994-03-01

    A neural network approach to stock market index prediction is presented. Actual data of the Wall Street Journal's Dow Jones Industrial Index has been used for a benchmark in our experiments where Radial Basis Function based neural networks have been designed to model these indices over the period from January 1988 to Dec 1992. A notable success has been achieved with the proposed model producing over 90% prediction accuracies observed based on monthly Dow Jones Industrial Index predictions. The model has also captured both moderate and heavy index fluctuations. The experiments conducted in this study demonstrated that the Radial Basis Function neural network represents an excellent candidate to predict stock market index.

  15. Integration Versus Segmentation: The Istanbul Stock Exchange

    OpenAIRE

    Suleyman Gokçen; Ahu Ozturkmen

    1997-01-01

    The purpose of this paper is to analyse the integration versus segmentation issue for the Istanbul Stock Exchange vis-a-vis global developed markets. Two different classes of information variables are used. These are global and local variables. Global variables are the return of the world market portfolio, dividend yield of S&P 500 stock index, U.S. term structure premia and U.S. default risk yield spread. Local variables are the returns, price earning ratios and dividend yields of the Istanb...

  16. Statistical aspects of fish stock assessment

    DEFF Research Database (Denmark)

    Berg, Casper Willestofte

    for stock assessment by application of state-of-the-art statistical methodology. The main contributions are presented in the form of six research papers. The major part of the thesis deals with age-structured assessment models, which is the most common approach. Conversion from length to age distributions...... statistical aspects of fish stocks assessment, which includes topics such as time series analysis, generalized additive models (GAMs), and non-linear state-space/mixed models capable of handling missing data and a high number of latent states and parameters. The aim is to improve the existing methods...

  17. TRADING RULES ON A SMALL STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Stefán B. Gunnlaugsson

    2018-03-01

    Full Text Available In this article, the results of an extensive study of the weak form efficiency of the Iceland stock market are presented. This study almost covers the market’s entire history, with the research starting at the beginning of 1993 and ending in July 2017. Four trading rules based on 70-day moving averages were constructed and compared with the passive investment strategy of buying the market index. All of these trading rules provided significantly better returns than the passive strategy, even when considering trading costs. This result indicates that the Icelandic stock market did not show weak form efficiency, and past returns predicted future returns during the period examined.

  18. Mandatory IFRS Reporting and Stock Price Informativeness

    OpenAIRE

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period 2003-2007, we find a V-shaped pattern in synchronicity around IFRS adoption, which is consistent with IFRS disclosures revealing new firm-specific information in the adoption period (i.e., a reduction of sy...

  19. ACCOUNTING TREATMENTS USED IN STOCKS VALUATION

    Directory of Open Access Journals (Sweden)

    Suciu Gheorghe

    2012-12-01

    Full Text Available Accounting treatments represent the methods used by a company to apply its own accounting policies. Accounting treatments can be divided into two categories: basic accounting treatments and alternative treatments. Stocks represent the quantities of material resources, half-finished goods, finished goods which stockpile in supply repositories of the economic entities, with a certain structure and volume, for a certain period of time, in order to ensure continuity and regularity of the manufacturing process and of consumption. Stocks will be acknowledges only when the company is likely to make an economic benefit and when the costs and values can be estimated in a credible way.

  20. Participation Constraints in the Stock Market

    DEFF Research Database (Denmark)

    Andersen, Steffen; Meisner Nielsen, Kasper

    2011-01-01

    We use a natural experiment to investigate the impact of participation constraints on individuals' decisions to invest in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth, and allows us to examine whether fixed entry and ongoing...... participation costs cause non-participation. We have three key findings. First, windfall wealth has a positive effect on participation. Second, the majority of households do not react to sizeable windfalls by entering the stock market, but hold on to substantial safe assets—even over longer horizons. Third...

  1. Mean reversion in the US stock market

    International Nuclear Information System (INIS)

    Serletis, Apostolos; Rosenberg, Aryeh Adam

    2009-01-01

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We conclude that US stock

  2. Mean reversion in the US stock market

    Energy Technology Data Exchange (ETDEWEB)

    Serletis, Apostolos [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)], E-mail: Serletis@ucalgary.ca; Rosenberg, Aryeh Adam [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)

    2009-05-30

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We

  3. Do Hedge Funds Manipulate Stock Prices?

    OpenAIRE

    Ben-David, Itzhak; Franzoni, Francesco; Landier, Augustin; Moussawi, Rabih

    2011-01-01

    We find evidence of significant price manipulation at the stock level by hedge funds on critical reporting dates. Stocks in the top quartile by hedge fund holdings exhibit abnormal returns of 30 basis points in the last day of the month and a reversal of 25 basis points in the following day. Using intraday data, we show that a significant part of the return is earned during the last minutes of the last day of the month, at an increasing rate towards the closing bell. This evidence is consiste...

  4. Bird surveys at McKinley Bay and Hutchison Bay, Northwest Territories, in 1991

    Energy Technology Data Exchange (ETDEWEB)

    Cornish, B J; Dickson, D L; Dickson, H L

    1992-03-01

    McKinley Bay is a shallow protected bay along the eastern Beaufort Sea coast which provides an important habitat for diving ducks. Since 1979, the bay has been the site of a winter harbor and support base for oil and gas exploraton in the Beaufort Sea. Aerial surveys for bird abundance and distribution were conducted in August 1991 as a continuation of long-term monitoring of birds in McKinley Bay and Hutchison Bay, a nearby area used as a control. The main objectives of the 1991 surveys were to expand the set of baseline data on natural annual fluctuations in diving duck numbers, and to determine if numbers of diving ducks had changed since the initial 1981-85 surveys. On the day with the best survey conditions, the population of diving ducks at McKinley bay was estimated at ca 32,000, significantly more than 1981-85. At Hutchison Bay, there were an estimated 11,000 ducks. As in previous years, large numbers of diving ducks were observed off Atkinson Point at the northwest corner of McKinley Bay, at the south end of the bay, and in the northeast corner near a long spit. Most divers in Hutchison Bay were at the west side. Diving ducks, primarily Oldsquaw and scoter, were the most abundant bird group in the study area. Observed distribution patterns of birds are discussed with reference to habitat preferences. 16 refs., 7 figs., 30 tabs.

  5. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  6. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Directory of Open Access Journals (Sweden)

    Xiao-Qian Sun

    Full Text Available Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  7. Optimization Stock Portfolio With Mean-Variance and Linear Programming: Case In Indonesia Stock Market

    OpenAIRE

    Yen Sun

    2010-01-01

    It is observed that the number of Indonesia’s domestic investor who involved in the stock exchange is very less compare to its total number of population (only about 0.1%). As a result, Indonesia Stock Exchange (IDX) is highly affected by foreign investor that can threat the economy. Domestic investor tends to invest in risk-free asset such as deposit in the bank since they are not familiar yet with the stock market and anxious about the risk (risk-averse type of investor). Therefore, it is i...

  8. PERFORMANCE EVALUATION AND RISK AVERSION RATE FOR SEVERAL STOCK INDICES IN INDONESIA STOCK EXCHANGE

    OpenAIRE

    Robiyanto Robiyanto

    2017-01-01

    There are numerous stock indices in Indonesia Stock Exchange. Several of them are LQ-45, MBX, DBX, JII, SRI-KEHATI, PEFINDO-25, BISNIS-27, IDX-30 and KOMPAS-100. Unfortunately there are limi­ted researches which have been done to measure those indices performance specifically. The same condition also occurs on risk aversion level usage in Indonesia Stock Exchange, only few numbers of researches use this me­a­surement in the portfolio valuation. Based on that, this research measured the perfor...

  9. Stocks as Money: Convenience Yield and the Tech-Stock Bubble

    OpenAIRE

    John H. Cochrane

    2002-01-01

    What caused the rise and fall of tech stocks? I argue that a mechanism much like the transactions demand for money drove many stock prices above the 'fundamental value' they would have had in a frictionless market. I start with the Palm/3Com microcosm and then look at tech stocks in general. High prices are associated with high volume, high volatility, low supply of shares, wide dispersion of opinion, and restrictions on long-term short selling. I review competing theories, and only the conve...

  10. Rare earth, major, and trace element composition of Monterey and DSDP chert and associated host sediment: Assessing the influence of chemical fractionation during diagenesis

    Science.gov (United States)

    Murray, R.W.; Buchholtz ten Brink, Marilyn R.; Gerlach, David C.; Russ III, G. Price; Jones, David L.

    1992-01-01

    Chert and associated host sediments from Monterey Formation and Deep Sea Drilling Project (DSDP) sequences were analyzed in order to assess chemical behavior during diagenesis of biogenic sediments. The primary compositional contrast between chert and host sediment is a greater absolute SiO2 concentration in chert, often with final SiO2 ≥ 98 wt%. This contrast in SiO2 (and SiAl">SiAl) potentially reflects precursor sediment heterogeneity, diagenetic chemical fractionation, or both. SiO2 concentrations and SiAl">SiAl ratios in chert are far greater than in modern siliceous oozes, however and often exceed values in acid-cleaned diatom tests. Compositional contrasts between chert and host sediment are also orders-of-magnitude greater than between multiple samples of the host sediment. Calculations based on the initial composition of adjacent host, observed porosity reductions from host to chert and a postulated influx of pure SiO2, construct a chert composition which is essentially identical to observed SiO2 values in chert. Thus, precursor heterogeneity does not seem to be the dominant factor influencing the current chert composition for the key elements of interest. In order to assess the extent of chemical fractionation during diagenesis, we approximate the precursor composition by analyzing host sediments adjacent to the chert.The SiO2 concentration contrast seems caused by biogenic SiO2 dissolution and transport from the local adjacent host sediment and subsequent SiO2reprecipitation in the chert. Along with SiO2, other elements are often added (with respect to Al) to Monterey and DSDP chert during silicification, although absolute concentrations decrease. The two Monterey quartz chert nodules investigated, in contrast to the opal-CT and quartz chert lenses, formed primarily by extreme removal of carbonate and phosphate, thereby increasing relative SiO2 concentrations. DSDP chert formed by both carbonate/phosphate dissolution and SiO2 addition from

  11. Ensonifying Change: Repeat Ultra-High-Resolution Surveys in Monterey Canyon before and after Passage of a Turbidity Current

    Science.gov (United States)

    Wolfson-Schwehr, M.; Paull, C. K.; Caress, D. W.; Carvajal, C.; Thomas, H. J.; Maier, K. L.; Parsons, D. R.; Simmons, S.

    2017-12-01

    Turbidity currents are one of the primary means of global sediment transport, yet our understanding of how they interact with the seafloor is hindered by the limited number of direct measurements. The Coordinated Canyon Experiment (CCE; October 2015 - April 2017) has made great strides in addressing this issue by providing direct measurements of turbidity currents and detailed observations of the resulting seafloor change in Monterey Canyon, offshore California. Here we focus on a section of the canyon at 1850-m water depth, where a Seafloor Instrument Node (SIN) recorded passage of three turbidity currents using a range of sensors, including three upward-looking acoustic Doppler current profilers. The fastest event at this site had a maximum velocity of 2.8 m/s, and dragged the 430-Kg SIN 26 m down-canyon. Repeat mapping surveys were conducted four times during the CCE, utilizing a prototype ultra-high-resolution mapping system mounted on the ROV Doc Ricketts. The survey platform hosts a 400-kHz Reson 7125 multibeam sonar, a 3DatDepth SL1 subsea LiDAR, two stereo color cameras, and a Kearfott SeaDevil INS. At a survey altitude of 2.5 m above the bed, the system provides remarkable 5-cm resolution multibeam bathymetry, 1-cm resolution LiDAR bathymetry, and 2-mm resolution photomosaics, and can cover a 100-m2 survey area. Surveys of the SIN site prior to and after the fastest event show areas of net deposition/erosion of 60 cm and 20 cm, respectively. Net deposition occurred in the topographic lows between bedforms, while erosion was focused on the bedform crests. At the end of the experiment, transects of sediment cores were taken by ROV within areas of net deposition. The cores show a variety of sedimentary facies, including muds, sands, gravel, and organic rich layers. Gravel layers have sharp erosive bases. The repeat surveys document the dynamic nature of flute-like scours as the flow events erode and deposit material along the canyon floor, as well as the

  12. Direct Measurements of the Evolution and Impact of Sediment Density Flows as they Pass Through Monterey Submarine Canyon, Offshore California

    Science.gov (United States)

    Paull, C. K.; Talling, P.; Maier, K. L.; Parsons, D. R.; Xu, J.; Caress, D. W.; Gwiazda, R.; Lundsten, E. M.; Anderson, K.; Barry, J.; Chaffey, M. R.; O'Reilly, T. C.; Rosenberger, K. J.; Gales, J. A.; McGann, M.; McCann, M. P.; Simmons, S.; Sumner, E.

    2017-12-01

    Sediment density flows flushing through submarine canyons carry globally significant amounts of material into the deep sea to form many of the largest sediment accumulations on Earth. Despite their global significance, these flows remain poorly understood because they have rarely been directly measured. Here we provide an initial overview of the recently completed Coordinated Canyon Experiment (CCE), which was undertaken specifically to provide detailed measurements of sediment density flows and their impact on seafloor morphology and sedimentology. No previous study has deployed as extensive an array of monitoring sensors along a turbidity current pathway. During the 18 months of the CCE, at least 15 sediment density flows were recorded within the axis of Monterey Canyon. Because no external triggers (i.e., earthquakes or floods) correlate with these flows, they must have originated as failures in the canyon floor or canyon flanks. Three flows ignited and ran out for > 50 km from water depths of 1,860 m, reaching velocities up to 8.1 m/s. The rest of the flows died out within the array. During these events, large objects on or in the canyon floor were displaced substantial distances downslope, including a 7.1 km downslope movement of an entire mooring; a 4.6 km displacement of an 860 kg instrument frame followed by repeated down canyon displacements of this same frame after it was entombed in sediment; and multiple depth changes of man-made boulders containing acceleration and pressure sensors. During this same time interval the canyon floor was mapped six times with autonomous underwater vehicles covering the canyon thalweg at the upper and lower end of the instrument array (200-540 and 1350-1880 m water depths). The repeated mapping surveys reveal that flows caused +3 to -3 m bathymetric changes within a continuous clearly defined 200 m wide swath running along the canyon axis in 540 m water depth. This study shows that sediment density flows caused massive

  13. Selective transport of palynomorphs in marine turbiditic deposits: An example from the Ascension-Monterey Canyon system offshore central California

    Science.gov (United States)

    McGann, Mary

    2017-01-01

    The pollen assemblage of a deep-sea core (15G) collected at lower bathyal depths (3491 m) on a levee of Monterey Canyon off central California was investigated to gain insights into the delivery processes of terrigenous material to submarine fans and the effect this transport has on the palynological record. Thirty-two samples were obtained down the length of the core, 19 from hemipelagic and mixed mud deposits considered to be the background record, and 13 others from displaced flow deposits. The pollen record obtained from the background samples documents variations in the terrestrial flora as it adapted to changing climatic conditions over the last 19,000 cal yrs BP. A Q-mode cluster analysis defined three pollen zones: a Glacial Pollen Zone (ca. 20,000–17,000 cal yr BP), an overlying Transitional Pollen Zone (ca. 17,000–11,500 cal yr BP), and an Interglacial Pollen Zone (ca. 11,500 cal yr BP to present). Another Q-mode cluster analysis, of both the background mud and flow deposits, also defined these three pollen zones, but four of the 13 turbiditic deposits were assigned to pollen zones older than expected by their stratigraphic position. This was due to these samples containing statistically significant fewer palynomorphs than the background muds as well as being enriched (∼10–35% in some cases) in hydraulically-efficient Pinus pollen. A selective bias in the pollen assemblage, such as demonstrated here, may result in incorrect interpretations (e.g., climatic shifts or environmental perturbations) based on the floral record, indicating turbiditic deposits should be avoided in marine palynological studies. Particularly in the case of fine-grained flow deposits that may not be visually distinct, granulometry and grain size frequency distribution curves may not be enough to identify these biased deposits. Determining the relative abundance and source of displaced shallow-water benthic foraminifera entrained in these sediments serves as an excellent

  14. 76 FR 37788 - Takes of Marine Mammals Incidental to Specified Activities; Taking Marine Mammals Incidental to...

    Science.gov (United States)

    2011-06-28

    ... (HMB), North Monterey Bay (NMB; containing Santa Cruz/Soquel sites), South Monterey Bay (SMB... year number of events per year California sea lions Harbor seals HMB July 4 100 (400) 65 (260) NMB...

  15. STOCK PRICES, 1900-1995: THE REAL AND NOMINAL STORY

    Directory of Open Access Journals (Sweden)

    Kenneth Weiher

    2000-01-01

    Full Text Available Prompted by the inflation-adjusted Dow Jones Industrials Average setting its first record high in almost thirty years in 1995, this paper studies the impact of inflation on nominal and real stock prices from a theoretical, historical, and empirical perspective. While stocks are an excellent longterm hedge against inflation, nominal stock prices stagnate and real stock prices fall during a period of rapid inflation. Both nominal and real stockprices then go through a catch-up phase during the subsequent disinflation period. The history for this century is consistent with this pattern. Regression analysis between real and nominal stock prices as the dependent variables and inflation as the independent variable shows statistically significant evidence that (a nominal stock returns are positively related to inflation while real stock returns are not; and (b both nominal and real stock returns are negatively related to accelerations of inflation and positively related to decelerations.

  16. AFSC/REFM: Alaska Stock Assessment Results Archive (SARA)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Each year over 50 Alaskan groundfish stock assessments report the condition of Alaskan fisheries resources in the U.S. Exclusive Economic Zone. Stock assessment...

  17. Risk-Adjusted Returns and Stock Market Games.

    Science.gov (United States)

    Kagan, Gary; And Others

    1995-01-01

    Maintains that stock market games are designed to provide students with a background for investing in securities, especially stocks. Reviews two games used with secondary students, analyzes statistical data from these experiences, and considers weaknesses in the games. (CFR)

  18. Monetary Policy Shocks and Stock Returns Reactions: Evidence ...

    African Journals Online (AJOL)

    SIPHAMBE, H.K. (PROF.)

    context is useful to both monetary authorities and investors. ... they should target stock prices or use stock price information as indicators of the monetary ... current account transactions, with remaining controls on the capital account eliminated ...

  19. Holy grail at Baglan Bay

    International Nuclear Information System (INIS)

    Watson, Jim

    1999-01-01

    The UK government's consent for the construction of a gas-fired power plant at Baglan Bay in South Wales is reported, and the growing popularity of economic combined-cycle gas turbine (CCGT) power plants and the resulting environmental improvements are noted . The combining of gas and steam turbines, design developments, and the UK moratorium on planning consents for gas fired power plants are discussed. General Electric's H System technology which will lower the amount of energy lost in the conversion of natural gas to electricity is described, and details of the ten most problematic CCGTs in the UK are given. The domination of the CCGT global market by four manufacturers, and the pressure on manufacturers to develop their designs are considered. (UK)

  20. Spatial complexities in aboveground carbon stocks of a semi-arid mangrove community: A remote sensing height-biomass-carbon approach

    Science.gov (United States)

    Hickey, S. M.; Callow, N. J.; Phinn, S.; Lovelock, C. E.; Duarte, C. M.

    2018-01-01

    Mangroves are integral to ecosystem services provided by the coastal zone, in particular carbon (C) sequestration and storage. Allometric relationships linking mangrove height to estimated biomass and C stocks have been developed from field sampling, while various forms of remote sensing has been used to map vegetation height and biomass. Here we combine both these approaches to investigate spatial patterns in living biomass of mangrove forests in a small area of mangrove in north-west Australia. This study used LiDAR data and Landsat 8 OLI (Operational Land Imager) with allometric equations to derive mangrove height, biomass, and C stock estimates. We estimated the study site, Mangrove Bay, a semi-arid site in north-western Australia, contained 70 Mg ha-1 biomass and 45 Mg C ha-1 organic C, with total stocks of 2417 Mg biomass and 778 Mg organic C. Using spatial statistics to identify the scale of clustering of mangrove pixels, we found that living biomass and C stock declined with increasing distance from hydrological features (creek entrance: 0-150 m; y = -0.00041x + 0.9613, R2 = 0.96; 150-770 m; y = -0.0008x + 1.6808, R2 = 0.73; lagoon: y = -0.0041x + 3.7943, R2 = 0.78). Our results illustrate a set pattern of living C distribution within the mangrove forest, and then highlight the role hydrologic features play in determining C stock distribution in the arid zone.

  1. Optimal stocking densities of snails [ Archachatina marginata ...

    African Journals Online (AJOL)

    Optimal stocking densities of breeding and fattening snails [Archachatina marginata Saturalis A.m.s (Swainson)] were determined through two experiments (five treatments, four replicates and randomised complete block design each) between April and December 1998.Experiment 1 had 3,6, 12, 17 and 22 A.m.s. adult ...

  2. Are Economists More Likely to Hold Stocks?

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Joensen, Eyðfrið Juanna Schrøter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that due to informational advantages economists are more likely to hold stocks than otherwise identical investors. Weconfirm that economists have a significantly higher probability of participating in the stockmarket than investors with any other...

  3. Connecting VIX and Stock Index ETF

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); T-L. Hsieh (Tai-Lin); M.J. McAleer (Michael)

    2017-01-01

    textabstractAs stock market indexes are not tradeable, the importance and trading volume of Exchange Traded Funds (ETFs) cannot be understated. ETFs track and attempt to replicate the performance of a specific index. Numerous studies have demonstrated a strong relationship between the S&P500

  4. Fractal profit landscape of the stock market.

    Science.gov (United States)

    Grönlund, Andreas; Yi, Il Gu; Kim, Beom Jun

    2012-01-01

    We investigate the structure of the profit landscape obtained from the most basic, fluctuation based, trading strategy applied for the daily stock price data. The strategy is parameterized by only two variables, p and q Stocks are sold and bought if the log return is bigger than p and less than -q, respectively. Repetition of this simple strategy for a long time gives the profit defined in the underlying two-dimensional parameter space of p and q. It is revealed that the local maxima in the profit landscape are spread in the form of a fractal structure. The fractal structure implies that successful strategies are not localized to any region of the profit landscape and are neither spaced evenly throughout the profit landscape, which makes the optimization notoriously hard and hypersensitive for partial or limited information. The concrete implication of this property is demonstrated by showing that optimization of one stock for future values or other stocks renders worse profit than a strategy that ignores fluctuations, i.e., a long-term buy-and-hold strategy.

  5. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    return between the quintile of stocks with low exposure and high exposure to oil volatility is significant at 0.66% per month, and oil volatility risk carries a significant risk premium of -0.60% per month. In the post-financialization period, oil volatility risk is strongly related with various measures...

  6. Ecosystem carbon stocks in Pinus palustris forests

    Science.gov (United States)

    Lisa Samuelson; Tom Stokes; John R. Butnor; Kurt H. Johnsen; Carlos A. Gonzalez-Benecke; Pete Anderson; Jason Jackson; Lorenzo Ferrari; Tim A. Martin; Wendell P. Cropper

    2014-01-01

    Longleaf pine (Pinus palustris Mill.) restoration in the southeastern United States offers opportunities for carbon (C) sequestration. Ecosystem C stocks are not well understood in longleaf pine forests, which are typically of low density and maintained by prescribed fire. The objectives of this research were to develop allometric equations for...

  7. ResStock Analysis Tool | Buildings | NREL

    Science.gov (United States)

    Energy and Cost Savings for U.S. Homes Contact Eric Wilson to learn how ResStock can benefit your approach to large-scale residential energy analysis by combining: Large public and private data sources uncovered $49 billion in potential annual utility bill savings through cost-effective energy efficiency

  8. Stock keeping unit fill rate specification

    NARCIS (Netherlands)

    Teunter, R. H.; Syntetos, A. A.; Babai, M. Z.

    2017-01-01

    The fill rate is the most widely applied service level measure in industry and yet there is minimal advice available on how it should be differentiated on an individual Stock Keeping Unit (SKU) basis given that there is an overall system target service level. The typical approach utilized in

  9. Currency Hedging for International Stock Portfolios

    NARCIS (Netherlands)

    F.A. de Roon (Frans); T.E. Nijman (Theo); B.J.M. Werker

    2000-01-01

    textabstractThis paper tests whether hedging currency risk improves the performance of international stock portfolios. We use a generalized performance measure which allows for investor-dependencies such as different utility functions and the presence of nontraded risks. In addition we show that an

  10. Structural Estimation of Stock Market Participation Costs

    DEFF Research Database (Denmark)

    Khorunzhina, Natalia

    2013-01-01

    education programs can affect consumers' investment decisions. Using household data from the Panel Study of Income Dynamics, I estimate the magnitude of the participation cost, allowing for individual heterogeneity in it. The results show the average stock market participation cost is about 4–6% of labor...

  11. Financial literacy and stock market participation

    NARCIS (Netherlands)

    van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob

    We have devised two special modules for De Nederlandsche Bank (DNB) Household Survey to measure financial literacy and study its relationship to stock market participation. We find that the majority of respondents display basic financial knowledge and have some grasp of concepts such as interest

  12. Legal insider trading and stock market liquidity

    NARCIS (Netherlands)

    Degryse, Hans; de Jong, Frank; Lefebvre, J.J.G.

    This paper assesses the impact of legal trades by corporate insiders on the liquidity of the firm’s stock. For this purpose, we analyze two liquidity measures and one information asymmetry measure. The analysis allows us to study as well the effect of a change in insider trading regulation, namely

  13. The performance of Libyan stock market

    Directory of Open Access Journals (Sweden)

    Atiya Aljbiri

    2012-01-01

    Full Text Available The objective of this paper is to answer the following question:. To what extent Libyan stock market developed to contribute to economic growth in Libya? This can be evaluated by using many financial indicators, these include stock market size, activity and efficiency, as well as the study including the regulatory framework, and information technology (IT set in place by the market authorities. However, descriptive and comparative method was used. The results indicated that, despite the modest progress made in a very short time regarding all indicators which the paper calculated, however, it can be said that Libyan stock market remain largely underdeveloped, small and relatively inefficient. Its market capitalization to GDP is very low and investors have no access to long-term capital. In addition, the market still have very low liquidity and investors still have a limited choice of financial instruments and face liquidity problems. In the end of this paper was its conclusion a set of recommendations that can be used in developing a program that aims to speed the development of Libyan stock market and increase its efficiency.

  14. The Stock Market: Risk vs. Uncertainty.

    Science.gov (United States)

    Griffitts, Dawn

    2002-01-01

    This economics education publication focuses on the U.S. stock market and the risk and uncertainty that an individual faces when investing in the market. The material explains that risk and uncertainty relate to the same underlying concept randomness. It defines and discusses both concepts and notes that although risk is quantifiable, uncertainty…

  15. The Reed Elsevier stock price gap

    NARCIS (Netherlands)

    Kamp, B.

    1995-01-01

    This is the report of a limited study on the structural stock price differences between Reed and Elsevier. The purpose of this study is to provide an overview of the problem area and to formulate and discuss several hypotheses regarding the causes of this gap. The research was performed by

  16. A cointegration analysis of wine stock indexes

    Directory of Open Access Journals (Sweden)

    Sabina Introvigne

    2017-12-01

    Full Text Available This paper analyzes price patterns and long-run relationships for both fine wine and non-fine wine, with the aim to highlight price dynamics and co-movements between series, and to exploit potential diversification benefits. Data are from Liv-Ex 100 Fine Wine for fine wine, the Mediobanca Global Wine Industry Share Price for normal wine, and the MSCI World Index as a proxy of the overall stock market. Engle-Granger and Johansen tests were used to detect whether and to what extent the series co-move in the long run and which one of the variables contributes proactively to such an equilibrium by reacting to disequilibria from the long-run path. The estimates highlight that i the two wine indexes have a higher Sharpe ratio compared to the general stock market index, revealing wine stocks as a profitable investment per se, and ii the absence of cointegration among the three series and the existence of possible diversification benefits. In fact, in the long-run price do not move together and, therefore, investors may be better off by including wine stocks into investment portfolios and take advantage of diversification

  17. Probability weighting and employee stock options

    NARCIS (Netherlands)

    Spalt, O.G.

    2013-01-01

    This paper documents that riskier firms with higher idiosyncratic volatility grant more stock options to nonexecutive employees. Standard models in the literature cannot easily explain this pattern; a model in which a risk-neutral firm and an employee with prospect theory preferences bargain over

  18. Editorial The Jan H. Stock Valedictory Issue

    NARCIS (Netherlands)

    NN,

    1990-01-01

    Professor Jan H. Stock, an inspiring zoologist of international fame (born 22 February 1931), will retire from the University of Amsterdam at the end of this year. It is his wish to settle in his beloved island Curaçao in the Netherlands Antilles and there to continue his taxonomic and zoogeographic

  19. Ecosystem carbon stocks of micronesian mangrove forests

    Science.gov (United States)

    J. Boone Kauffman; Chris Heider; Thomas G. Cole; Kathleen A. Dwire; Daniel C. Donato

    2011-01-01

    Among the least studied ecosystem services of mangroves is their value as global carbon (C) stocks. This is significant as mangroves are subject to rapid rates of deforestation and therefore could be significant sources of atmospheric emissions. Mangroves could be key ecosystems in strategies addressing the mitigation of climate change though reduced deforestation. We...

  20. 78 FR 62293 - Safety Zone, Oyster Festival 30th Anniversary Fireworks Display, Oyster Bay; Oyster Bay, NY

    Science.gov (United States)

    2013-10-15

    ... Safety Zone, Oyster Festival 30th Anniversary Fireworks Display, Oyster Bay; Oyster Bay, NY AGENCY: Coast... zone on the navigable waters of Oyster Bay near Oyster Bay, NY for the Oyster Festival 30th Anniversary... Oyster Festival 30th Anniversary Fireworks Display is scheduled for October 19, 2013 and is one of...

  1. 46 CFR 7.20 - Nantucket Sound, Vineyard Sound, Buzzards Bay, Narragansett Bay, MA, Block Island Sound and...

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 1 2010-10-01 2010-10-01 false Nantucket Sound, Vineyard Sound, Buzzards Bay, Narragansett Bay, MA, Block Island Sound and easterly entrance to Long Island Sound, NY. 7.20 Section 7.20... Atlantic Coast § 7.20 Nantucket Sound, Vineyard Sound, Buzzards Bay, Narragansett Bay, MA, Block Island...

  2. 78 FR 27126 - East Bay, St. Andrews Bay and the Gulf of Mexico at Tyndall Air Force Base, Florida; Restricted...

    Science.gov (United States)

    2013-05-09

    ... DEPARTMENT OF DEFENSE Department of the Army, Corps of Engineers 33 CFR Part 334 East Bay, St. Andrews Bay and the Gulf of Mexico at Tyndall Air Force Base, Florida; Restricted Areas AGENCY: U.S. Army... read as follows: Sec. 334.665 East Bay, St. Andrews Bay and the Gulf of Mexico, Restricted Areas...

  3. 75 FR 15343 - Regulated Navigation Area: Narragansett Bay, RI and Mount Hope Bay, RI and MA, Including the...

    Science.gov (United States)

    2010-03-29

    ...: Narragansett Bay, RI and Mount Hope Bay, RI and MA, Including the Providence River and Taunton River AGENCY... River and Mount Hope Bay in the vicinity of the two Brightman Street bridges have not been adopted and... Island and Mt. Hope Bay, MA.'' The notice was prompted primarily by two events: (1) The U.S. Army Corps...

  4. Carbon storage in the seagrass meadows of Gazi Bay, Kenya.

    Directory of Open Access Journals (Sweden)

    Michael N Githaiga

    Full Text Available Vegetated marine habitats are globally important carbon sinks, making a significant contribution towards mitigating climate change, and they provide a wide range of other ecosystem services. However, large gaps in knowledge remain, particularly for seagrass meadows in Africa. The present study estimated biomass and sediment organic carbon (Corg stocks of four dominant seagrass species in Gazi Bay, Kenya. It compared sediment Corg between seagrass areas in vegetated and un-vegetated 'controls', using the naturally patchy occurence of seagrass at this site to test the impacts of seagrass growth on sediment Corg. It also explored relationships between the sediment and above-ground Corg, as well as between the total biomass and above-ground parameters. Sediment Corg was significantly different between species, range: 160.7-233.8 Mg C ha-1 (compared to the global range of 115.3 to 829.2 Mg C ha-1. Vegetated areas in all species had significantly higher sediment Corg compared with un-vegetated controls; the presence of seagrass increased Corg by 4-6 times. Biomass carbon differed significantly between species with means ranging between 4.8-7.1 Mg C ha-1 compared to the global range of 2.5-7.3 Mg C ha-1. To our knowledge, these are among the first results on seagrass sediment Corg to be reported from African seagrass beds; and contribute towards our understanding of the role of seagrass in global carbon dynamics.

  5. Company Stock in Pension Plans: How Costly Is It?

    OpenAIRE

    Meulbroek, Lisa

    2005-01-01

    Employees often hold substantial levels of company stock in their defined contribution pension plans, a practice widely recognized as risky. But holding company stock is not only risky, it is costly: employees who own company stock are not fully diversified, so expected returns on their portfolios are lower than equally risky, but fully diversified, portfolios. This paper investigates the costs of holding company stock and finds that the loss in diversification reduces the value of employees'...

  6. Stock Market Overreaction and Trading Volume: Evidence from Malaysia

    OpenAIRE

    Ruhani Ali; Zamri Ahmad; Shangkari V. Anusakumar

    2011-01-01

    We investigate the stock market overreaction in Bursa Malaysia from January 2000 to October 2010 using weekly data. We find that winner portfolios tend to have negative returns whereas loser portfolios have positive returns for various holding periods from 1 to 52 weeks. Loser stocks experience more persistent and stronger return reversals than winner stocks. The evidence implies that a lower level of overreaction exists for winner stocks. Overall, a loser-winner portfolio yields highly signi...

  7. Dynamic Evolution Analysis of Stock Price Fluctuation and Its Control

    Directory of Open Access Journals (Sweden)

    Yuhua Xu

    2018-01-01

    Full Text Available This paper studies a simple dynamical system of stock price fluctuation time series based on the rule of stock market. When the stock price fluctuation system is disturbed by external excitations, the system exhibits obviously chaotic phenomena, and its basic dynamic properties are analyzed. At the same time, a new fixed-time convergence theorem is proposed for achieving fixed-time control of stock price fluctuation system. Finally, the effectiveness of the method is verified by numerical simulation.

  8. STOCK MARKET PREDICTION USING CLUSTERING WITH META-HEURISTIC APPROACHES

    OpenAIRE

    Prasanna, S.; Ezhilmaran, D.

    2015-01-01

    Various examinations are performed to predict the stock values, yet not many points at assessing the predictability of the direction of stock index movement. Stock market prediction with data mining method is a standout amongst the most paramount issues to be researched and it is one of the interesting issues of stock market research over several decades. The approach of advanced data mining tools and refined database innovations has empowered specialists to handle the immense measure of data...

  9. STOCK MARKET PREDICTION USING CLUSTERING WITH META-HEURISTIC APPROACHES

    OpenAIRE

    Prasanna, S.; Ezhilmaran, D.

    2014-01-01

    Various examinations are performed to predict the stock values, yet not many points at assessing the predictability of the direction of stock index movement. Stock market prediction with data mining method is a standout amongst the most paramount issues to be researched and it is one of the interesting issues of stock market research over several decades. The approach of advanced data mining tools and refined database innovations has empowered specialists to handle the immense measure of data...

  10. Facebook drives behavior of passive households in stock markets

    OpenAIRE

    Siikanen, Milla; Baltakys, Kęstutis; Kanniainen, Juho; Vatrapu, Ravi; Mukkamala, Raghava; Hussain, Abid

    2017-01-01

    Recent studies using data on social media and stock markets have mainly focused on predicting stock returns. Instead of predicting stock price movements, we examine the relation between Facebook data and investors' decision making in stock markets with a unique data on investors' transactions on Nokia. We find that the decisions to buy versus sell are associated with Facebook data especially for passive households and also for nonprofit organizations. At the same time, it seems that more soph...

  11. Emerging interdependence between stock values during financial crashes

    OpenAIRE

    Rocchi, Jacopo; Tsui, Enoch Yan Lok; Saad, David

    2016-01-01

    To identify emerging interdependencies between traded stocks we investigate the behavior of the stocks of FTSE 100 companies in the period 2000-2015, by looking at daily stock values. Exploiting the power of information theoretical measures to extract direct influences between multiple time series, we compute the information flow across stock values to identify several different regimes. While small information flows is detected in most of the period, a dramatically different situation occurs...

  12. The reaction of stock market returns to anticipated unemployment

    OpenAIRE

    Taamouti, Abderrahim; Gonzalo Muñoz, Jesús

    2012-01-01

    We empirically investigate the short-run impact of anticipated and unanticipated unemployment rates on stock prices. We particularly examine the nonlinearity in stock market's reaction to unemployment rate and study the effect at each individual point (quantile) of stock return distribution. Using nonparametric Granger causality and quantile regression based tests, we find that, contrary to the general findings in the literature, only anticipated unemployment rate has a strong impact on stock...

  13. SENSITIVITY OF THE INVESTOR'S TOWARDS STOCK MARKET INVESTMENT

    OpenAIRE

    M. Jaya

    2017-01-01

    Investment in stock market has become a common phenomenon for all the individuals. The growth of stock market contributes to national economic growth only when this growth translates into increased mobilization of resources, return from investment, and minimizing the risk attached to stock market investment. This survey has been conducted to find out the stock market investment pattern and risk diversification of retail equity investors. A well structured questionnaire which is pilot teste...

  14. RELATIONSHIP BETWEEN STOCK MARKET RETURNS AND EXCHANGERATES IN EMERGING STOCK MARKETS

    Directory of Open Access Journals (Sweden)

    M.N. Arshad

    2017-04-01

    Full Text Available Abstract-This paper aims to study the relationship between stock market returns and exchange rates in emerging stock markets including Malaysia, Singapore, Thailand, Indonesia and Philippines. The data is taken from January 2003 to December 2012 using weekly closing indices and separated in two periods; before (2003-2007 and second, after (2008-2012 the financial crisis of 2008. Johansen-Juselius (JJ. Granger causality tests show that unidirectional causality exists between the stock market returns and exchange rates for Thailand before the financial crisis, whilst, for Indonesia and Singapore, the unidirectional causality between the two variables is detected in the period after the financial crisis. Error Correction Model (ECM indicates the existence of long run causality between the two variables for Philippines. This study also finds that most of the emerging stock markets are informationally inefficient.

  15. PERFORMANCE EVALUATION AND RISK AVERSION RATE FOR SEVERAL STOCK INDICES IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Robiyanto Robiyanto

    2017-03-01

    Full Text Available There are numerous stock indices in Indonesia Stock Exchange. Several of them are LQ-45, MBX, DBX, JII, SRI-KEHATI, PEFINDO-25, BISNIS-27, IDX-30 and KOMPAS-100. Unfortunately there are limi­ted researches which have been done to measure those indices performance specifically. The same condition also occurs on risk aversion level usage in Indonesia Stock Exchange, only few numbers of researches use this me­a­surement in the portfolio valuation. Based on that, this research measured the performance and risk aversion rate of those indices in Indonesia Stock Exchange. The results of this study were SRI-KEHATI becomes the best performer with the highest risk aversion rate, while Jakarta Islamic Index (JII produces the lowest positive per­formance with the lowest risk aversion rate. This finding shows that sharia stocks’ characters (i.e. usury free could give relieveness and convenience regardless its per­formance.

  16. Chinook salmon Genetic Stock Identification data - Genetic Stock Identification of Washington Chinook salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This project evaluates data from coded wire tagging with that from parental based tagging to identify stock of origin for Chinook salmon landed in Washington state...

  17. SKEWNESS IN STOCK RETURNS: EVIDENCE FROM THE BUCHAREST STOCK EXCHANGE DURING 2000 – 2011

    Directory of Open Access Journals (Sweden)

    IULIAN PANAIT

    2012-05-01

    Full Text Available Our paper investigates the symmetry in stock returns of the 30 most liquid companies traded on Bucharest Stock Exchange during 2000 – 2011 and also the most representative 5 market indices. Our daily data shows that skewness estimates are slightly negative for most indices and individual stocks, but only a few present values significantly different from the characteristics of a normal distribution. We compare our results with skewness estimates for 21 major and emerging stock market indices around the world and find that such results are similar to other low capitalization and trading volume markets. For all the Romanian and international assets studied, the Studentized-Range (St-R and Jarque-Bera (J-B tests reject the hypothesis of normal distribution of daily returns.

  18. Remarkable invasion of San Francisco Bay (California, USA), by the Asian clam Potamocorbula amurensis. I. Introduction and dispersal

    Science.gov (United States)

    Carlton, James T.; Thompson, Janet K.; Schemel, Laurence E.; Nichols, Frederic H.

    1990-01-01

    The euryhaline bivalve mollusc Potamocorbula amurensis (family Corbulidae), a native of China, Japan, and Korea, has recently appeared and become very abundant in San Francisco Bay. This clam appears to have been introduced as veliger larvae in the seawater ballast of cargo vessels. It was first collected in northern San Francisco Bay in late 1986. P, amurensis then spread throughout the estuary within 2 yr and reached densities at some sites exceeding 10 000 m-2 It lives primarily in the subtidal on all substrates (mud, sand, peat, and clay) and is found in the full range of bay salinities (estuary ecosystem. These could include changes in (1) trophic dynamics (through competition with other suspension-feeding and deposit-feeding infauna; changes in benthic community energy flow; availability of a new and abundant prey item for birds, fish, and crabs; and reduction - as a result of its filter feeding - of phytoplankton standmg stock) and (2) benthic dynamics (through inhibition and/or enhancement of infauna due to substrate destabilization; alteration of suspended sediment load of near-bottom water; and change of sediment surface redox balance). The early detection of the appearance and spread of P. amurensis in San Francisco Bay makes this one of the best documented invasions of any estuary in the world.

  19. Increased topsoil carbon stock across China's forests.

    Science.gov (United States)

    Yang, Yuanhe; Li, Pin; Ding, Jinzhi; Zhao, Xia; Ma, Wenhong; Ji, Chengjun; Fang, Jingyun

    2014-08-01

    Biomass carbon accumulation in forest ecosystems is a widespread phenomenon at both regional and global scales. However, as coupled carbon-climate models predicted, a positive feedback could be triggered if accelerated soil carbon decomposition offsets enhanced vegetation growth under a warming climate. It is thus crucial to reveal whether and how soil carbon stock in forest ecosystems has changed over recent decades. However, large-scale changes in soil carbon stock across forest ecosystems have not yet been carefully examined at both regional and global scales, which have been widely perceived as a big bottleneck in untangling carbon-climate feedback. Using newly developed database and sophisticated data mining approach, here we evaluated temporal changes in topsoil carbon stock across major forest ecosystem in China and analysed potential drivers in soil carbon dynamics over broad geographical scale. Our results indicated that topsoil carbon stock increased significantly within all of five major forest types during the period of 1980s-2000s, with an overall rate of 20.0 g C m(-2) yr(-1) (95% confidence interval, 14.1-25.5). The magnitude of soil carbon accumulation across coniferous forests and coniferous/broadleaved mixed forests exhibited meaningful increases with both mean annual temperature and precipitation. Moreover, soil carbon dynamics across these forest ecosystems were positively associated with clay content, with a larger amount of SOC accumulation occurring in fine-textured soils. In contrast, changes in soil carbon stock across broadleaved forests were insensitive to either climatic or edaphic variables. Overall, these results suggest that soil carbon accumulation does not counteract vegetation carbon sequestration across China's forest ecosystems. The combination of soil carbon accumulation and vegetation carbon sequestration triggers a negative feedback to climate warming, rather than a positive feedback predicted by coupled carbon-climate models

  20. The impact of leverage on stock returns: an empirical test on the Australian stock market

    OpenAIRE

    Thuy Linh, Doan

    2009-01-01

    Asset pricing model is no longer a new topic to theoretical finance but it still maintains researchers’ interest until now. The role of firm characteristics in explaining the stock returns becomes more and more significant in the empirical studies. The Fama French three factor is the most famous model of testing the firm characteristics: size effect and book to market effect on stock returns. However, this model does not include leverage, one of the most important firm characteristics. Starti...