Jožef Stefan Institute

About: Jožef Stefan Institute is a facility organization based out in Ljubljana, Slovenia. It is known for research contribution in the topics: Liquid crystal & Dielectric. The organization has 3828 authors who have published 12614 publications receiving 291025 citations.

The effects of Twitter sentiment on stock price returns

Abstract: Social media are increasingly reflecting and influencing behavior of other complex systems. In this paper we investigate the relations between a well-known micro-blogging platform Twitter and financial markets. In particular, we consider, in a period of 15 months, the Twitter volume and sentiment about the 30 stock companies that form the Dow Jones Industrial Average (DJIA) index. We find a relatively low Pearson correlation and Granger causality between the corresponding time series over the entire time period. However, we find a significant dependence between the Twitter sentiment and abnormal returns during the peaks of Twitter volume. This is valid not only for the expected Twitter volume peaks (e.g., quarterly announcements), but also for peaks corresponding to less obvious events. We formalize the procedure by adapting the well-known “event study” from economics and finance to the analysis of Twitter data. The procedure allows to automatically identify events as Twitter volume peaks, to compute the prevailing sentiment (positive or negative) expressed in tweets at these peaks, and finally to apply the “event study” methodology to relate them to stock returns. We show that sentiment polarity of Twitter peaks implies the direction of cumulative abnormal returns. The amount of cumulative abnormal returns is relatively low (about 1–2%), but the dependence is statistically significant for several days after the events.

Industrial applications of CrN (PVD) coatings, deposited at high and low temperatures

Abstract: Industrial applications of CrN (PVD) coatings are entering an expanding but selective range of mass manufactured goods. They may be prepared as single, low and high temperature CrN coatings and double TiN+CrN coatings. In this work, depositions of CrN at high temperatures were performed by a low voltage thermionic arc in a BAI 730M apparatus, while at low temperatures (below 250 °C), the plasma-beam sputtering process in a SPUTRON apparatus was used. We studied the following critical parameters that influence the quality of the coatings and applied the performance tests used in industrial practice: adhesion and scratching coefficient, microhardness, surface topography, oxidation and corrosion resistance. The performance tests were made with the assistance of technicians as well as in 12 Slovenian factories. CrN coatings were deposited at 480 °C for wear and corrosion protection in cold forming and cutting of copper in commutator manufacturing, in forming of aluminium components in automotive production and for surface improvement of moulds (made of H11 steel) in Al-Si die casting under pressure. Deposition temperatures of 180–220 °C, obtained in the SPUTRON apparatus, were required to improve cold forming tools made of alloyed tool steels (e.g. D2 and D3). The lowest obtainable temperature of 140 °C in the SPUTRON gave a CrN coating of high quality for practical use. These coatings were used to protect electrodeposited and electropolished nickel moulds (models) in artificial teeth production. Double TiN+CrN coatings were used as a highly abrasive resistant coating in the production of rotors (in the electromotor industry), and in cold forming and forging in mass manufacturing of screws. The results and performance tests were compared with the available data, mostly published on forming, milling, deep drawing of copper, nickel and titanium and their alloys, and on die casting of aluminium and Al-alloys.

Implications of lepton flavor universality violations in B decays.

Abstract: Present measurements of $b\ensuremath{\rightarrow}c\ensuremath{\tau}\ensuremath{ u}$ and $b\ensuremath{\rightarrow}u\ensuremath{\tau}\ensuremath{ u}$ transitions differ from the standard model predictions of lepton flavor universality by almost $4\ensuremath{\sigma}$. We examine new physics interpretations of this anomaly. An effective field theory analysis shows that minimal flavor violating models are not preferred as an explanation, but are also not yet excluded. Allowing for general flavor violation, right-right vector and right-left scalar quark currents are identified as viable candidates. We discuss explicit examples of two Higgs doublet models, leptoquarks as well as quark and lepton compositeness. Finally, implications for LHC searches and future measurements at the (super-)$B$ factories are presented.