High signal-to-noise ratio observations and the ultimate limits of precision pulsar timing
Stefan Oslowski, Willem van Straten, George Hobbs, Matthew Bailes,, Paul Demorest

TL;DR
High-precision pulsar timing is fundamentally limited by intrinsic radio signal variability, called SWIMS, which cannot be mitigated by improved instrumentation, setting a fundamental precision floor around 30-40 ns.
Contribution
The paper introduces the concept of SWIMS as an intrinsic noise source and demonstrates its limiting effect on pulsar timing precision, regardless of technological improvements.
Findings
Timing residuals are four times larger than predicted by system noise alone.
A PCA-based technique reduces residual noise by approximately 20%.
Intrinsic pulsar variability sets a fundamental limit of 30-40 ns in timing precision.
Abstract
We demonstrate that the sensitivity of high-precision pulsar timing experiments will be ultimately limited by the broadband intensity modulation that is intrinsic to the pulsar's stochastic radio signal. That is, as the peak flux of the pulsar approaches that of the system equivalent flux density, neither greater antenna gain nor increased instrumental bandwidth will improve timing precision. These conclusions proceed from an analysis of the covariance matrix used to characterise residual pulse profile fluctuations following the template matching procedure for arrival time estimation. We perform such an analysis on 25 hours of high-precision timing observations of the closest and brightest millisecond pulsar, PSR J0437-4715. In these data, the standard deviation of the post-fit arrival time residuals is approximately four times greater than that predicted by considering the system…
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