Fear Universality and Doubt in Asset price movements

TL;DR

This paper investigates universal patterns in asset price movements across different asset classes using traditional and spectral analysis methods, revealing some consistent phenomena.

Contribution

It introduces the application of spectral methods to identify universality phenomena in asset price dynamics across various asset classes.

Findings

Universality phenomena observed in asset price changes.

Spectral methods effectively reveal cross-asset class patterns.

Some universality phenomena are consistent across different time periods.

Abstract

We take a look the changes of different asset prices over variable periods, using both traditional and spectral methods, and discover universality phenomena which hold (in some cases) across asset classes.