Asymmetry of price returns-Analysis and perspectives from a non-extensive statistical physics point of view.

We study how the approach grounded on non-extensive statistical physics can be applied to describe and distinguish different stages of the stock and money market development. A particular attention is given to asymmetric behavior of fat tailed distributions of positive and negative returns. A new method to measure this asymmetry is proposed.

Scaling range of power laws that originate from fluctuation analysis.

We extend our previous study of scaling range properties performed for detrended fluctuation analysis (DFA) [Physica A 392, 2384 (2013)] to other techniques of fluctuation analysis (FA). The new technique, called modified detrended moving average analysis (MDMA), is introduced, and its scaling range properties are examined and compared with those of detrended moving average analysis (DMA) and DFA. It is shown that contrary to DFA, DMA and MDMA techniques exhibit power law dependence of the scaling range with respect to the length of the searched signal and with respect to the accuracy R^{2} of the fit to the considered scaling law imposed by DMA or MDMA methods.