Using a Stochastic Complexity Measure to Check the Efficient Market Hypothesis

The weak form of the Efficient Market Hypothesis (EMH) states that current market price reflects fully the information from past prices and rules out prediction based on price data alone. No recent test of time series of stock returns rejects this weak-form hypothesis. This research offers another test of the weak form of the EHM that leads to different conclusions for some time series.The stochastic complexity of a time series is a measure of the number of bits needed to represent and reproduce the information in the time series. In an efficient market, compression of the time series is not possible, because there are no patterns and the stochastic complexity is high. In this research, Rissanen's context tree algorithm is used to identify recurring patterns in the data, and use them for compression. The weak form of the EMH is tested for 13 international stock indices and for all the stocks that comprise the Tel-Aviv 25 index (TA25), using sliding windows of 50, 75, and 100 consecutive daily returns. Statistically significant compression is detected in ten of the international stock index series. In the aggregate, 60% to 84% of the TA25 stocks tested demonstrate compressibility beyond randomness. This indicates potential market inefficiency.     

High-intensity x-ray diffraction apparatus for pressures up to 100 kilobars and temperatures down to 1.5 K

A high-pressure diamond anvil pressure technique for x-ray structure investigations at temperatures down to 1.5 K is described. An energy dispersive method in conjunction with a newly developed conical x-ray shutter brings maximum intensity to the adjacent germanium detector. Superconductivity is detected by use of a SQUID. The 4096-channel analyzer data are evaluated on-line by a computer. The precision of the lattice parameter determination is discussed.     

Current Status of Long Non-Coding RNAs in Human Cancer with Specific Focus on Colorectal Cancer

The latest investigations of long non-coding RNAs (lncRNAs) have revealed their important role in human cancers. LncRNAs are larger than 200 nucleotides in length and fulfill their cellular purpose without being translated into proteins. Though the molecular functions of some lncRNAs have been elucidated, there is still a high number of lncRNAs with unknown or controversial functions. In this review, we provide an overview of different lncRNAs and their role in human cancers. In particular, we emphasize their importance in tumorigenesis of colorectal cancer, the third most common cancer worldwide.     

Nanoporous gold bumps for low temperature bonding

Nanoporous gold bumps have been deposited on silicon wafers by electroplating a silver–gold alloy followed by etching the silver. An open-porous cellular structure of gold at meso-scale is left on top of the bumps. For flip chip bonding we found low temperature and low force bonding conditions. The porous interconnects have very promising properties, like compressibility and reduced stiffness, which should result in higher bond yield and extended reliability.     

On the kinetics of AlH3 decomposition and the subsequent Al oxidation

Metal hydrides are used for hydrogen storage. AlH₃ shows a capacity to store about 10 wt% hydrogen. Its hydrogen is split-off in the temperature interval of 400–500 K. On dehydrogenation a nano-structured Al material emerges with specific surfaces up to 15–20 m²/g. The surface areas depend on the heating rate because of a temperature dependent crystallite growth. The resulting Al oxidizes up to 20–25% weight on air access forming an alumina passivation layer of 3–4 nm thickness on all exposed surfaces. The heat released from this Al oxidation induces a high risk to this type of hydrogen storage if the containment might be destroyed, accidentally. The kinetics of the dehydrogenation and the subsequent oxidation is investigated by methods of thermal analysis. A reaction scheme is confirmed which consists of a starting Avrami-Erofeev mechanism followed by formal 1st order oxidation on unlimited air access. The kinetic parameters, activation energies and pre-exponentials are evaluated and can be used to calculate the reaction progress. Together with the heat of the Al oxidation the overall heat release and the related rate can be estimated.     

High‐Pressure Thermal Sterilization: Food Safety and Food Quality of Baby Food Puree

The benefits that high‐pressure thermal sterilization offers as an emerging technology could be used to produce a better overall food quality. Due to shorter dwell times and lower thermal load applied to the product in comparison to the thermal retorting, lower numbers and quantities of unwanted food processing contaminants (FPCs), for example, furan, acrylamide, HMF, and MCPD‐esters could be formed. Two spore strains were used to test the technique; Geobacillus stearothermophilus and Bacillus amyloliquefaciens, over the temperature range 90 to 121 °C at 600 MPa. The treatments were carried out in baby food puree and ACES‐buffer. The treatments at 90 and 105 °C showed that G. stearothermophilus is more pressure‐sensitive than B. amyloliquefaciens. The formation of FPCs was monitored during the sterilization process and compared to the amounts found in retorted samples of the same food. The amounts of furan could be reduced between 81% to 96% in comparison to retorting for the tested temperature pressure combination even at sterilization conditions of F₀‐value in 7 min.     

Structure–function relationship of fermented skate skin gelatin-derived bioactive peptides: a peptidomics approach

Food Science and Biotechnology - In this study, we investigated the multi-functionality of bioactive peptides derived from fermented skate (Raja kenojei) skin gelatin hydrolysates. The extracted...