id	sid	tid	token	lemma	pos
cana-6029	1	1	communications	communication	NOUN
cana-6029	1	2	on	on	ADP
cana-6029	1	3	applied	apply	VERB
cana-6029	1	4	nonlinear	nonlinear	ADJ
cana-6029	1	5	analysis	analysis	NOUN
cana-6029	1	6	issn	issn	NOUN
cana-6029	1	7	:	:	PUNCT
cana-6029	1	8	1074	1074	NUM
cana-6029	1	9	-	-	PUNCT
cana-6029	1	10	133x	133x	NUM
cana-6029	1	11	vol	vol	NOUN
cana-6029	1	12	32	32	NUM
cana-6029	1	13	no	no	NOUN
cana-6029	1	14	.	.	PUNCT
cana-6029	2	1	9s	9s	NUM
cana-6029	2	2	(	(	PUNCT
cana-6029	2	3	2025	2025	NUM
cana-6029	2	4	)	)	PUNCT
cana-6029	2	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	2	6	3242	3242	NUM
cana-6029	2	7	regime	regime	NOUN
cana-6029	2	8	-	-	PUNCT
cana-6029	2	9	aware	aware	ADJ
cana-6029	2	10	short	short	ADJ
cana-6029	2	11	-	-	PUNCT
cana-6029	2	12	term	term	NOUN
cana-6029	2	13	trading	trading	NOUN
cana-6029	2	14	strategy	strategy	NOUN
cana-6029	2	15	using	use	VERB
cana-6029	2	16	hidden	hide	VERB
cana-6029	2	17	markov	markov	NOUN
cana-6029	2	18	models	model	NOUN
cana-6029	2	19	and	and	CCONJ
cana-6029	2	20	monte	monte	PROPN
cana-6029	2	21	carlo	carlo	PROPN
cana-6029	2	22	simulation	simulation	PROPN
cana-6029	2	23	chaitya	chaitya	PROPN
cana-6029	2	24	shah1	shah1	PROPN
cana-6029	2	25	*	*	PUNCT
cana-6029	2	26	,	,	PUNCT
cana-6029	2	27	ayush	ayush	VERB
cana-6029	2	28	shah2	shah2	PROPN
cana-6029	2	29	,	,	PUNCT
cana-6029	2	30	dr	dr	PROPN
cana-6029	2	31	.	.	PROPN
cana-6029	2	32	nilesh	nilesh	PROPN
cana-6029	2	33	patil3	patil3	PROPN
cana-6029	2	34	,	,	PUNCT
cana-6029	2	35	darsh	darsh	ADJ
cana-6029	2	36	jain4	jain4	NOUN
cana-6029	2	37	1*dept	1*dept	NUM
cana-6029	2	38	.	.	PUNCT
cana-6029	2	39	of	of	ADP
cana-6029	2	40	computer	computer	NOUN
cana-6029	2	41	engineering	engineering	NOUN
cana-6029	2	42	,	,	PUNCT
cana-6029	2	43	dwarkadas	dwarkadas	PROPN
cana-6029	2	44	j.	j.	PROPN
cana-6029	2	45	sanghvi	sanghvi	PROPN
cana-6029	2	46	college	college	PROPN
cana-6029	2	47	of	of	ADP
cana-6029	2	48	engineering	engineering	PROPN
cana-6029	2	49	,	,	PUNCT
cana-6029	2	50	mumbai	mumbai	PROPN
cana-6029	2	51	,	,	PUNCT
cana-6029	2	52	india	india	PROPN
cana-6029	2	53	shahchaitya8@gmail.com	shahchaitya8@gmail.com	PROPN
cana-6029	2	54	,	,	PUNCT
cana-6029	2	55	orcid	orcid	PROPN
cana-6029	2	56	:	:	PUNCT
cana-6029	2	57	0009	0009	NUM
cana-6029	2	58	-	-	SYM
cana-6029	2	59	0006	0006	NUM
cana-6029	2	60	-	-	SYM
cana-6029	2	61	3727	3727	NUM
cana-6029	2	62	-	-	SYM
cana-6029	2	63	1199	1199	NUM
cana-6029	2	64	2dept	2dept	NUM
cana-6029	2	65	.	.	PUNCT
cana-6029	2	66	of	of	ADP
cana-6029	2	67	computer	computer	NOUN
cana-6029	2	68	engineering	engineering	NOUN
cana-6029	2	69	,	,	PUNCT
cana-6029	2	70	dwarkadas	dwarkadas	PROPN
cana-6029	2	71	j.	j.	PROPN
cana-6029	2	72	sanghvi	sanghvi	PROPN
cana-6029	2	73	college	college	PROPN
cana-6029	2	74	of	of	ADP
cana-6029	2	75	engineering	engineering	PROPN
cana-6029	2	76	,	,	PUNCT
cana-6029	2	77	mumbai	mumbai	PROPN
cana-6029	2	78	,	,	PUNCT
cana-6029	2	79	india	india	PROPN
cana-6029	2	80	ayushshah979@gmail.com	ayushshah979@gmail.com	PROPN
cana-6029	2	81	,	,	PUNCT
cana-6029	2	82	orcid	orcid	NOUN
cana-6029	2	83	:	:	PUNCT
cana-6029	2	84	0009	0009	NUM
cana-6029	2	85	-	-	SYM
cana-6029	2	86	0004	0004	NUM
cana-6029	2	87	-	-	PUNCT
cana-6029	2	88	2940	2940	NUM
cana-6029	2	89	-	-	SYM
cana-6029	2	90	0267	0267	NUM
cana-6029	2	91	3associate	3associate	NUM
cana-6029	2	92	professor	professor	NOUN
cana-6029	2	93	,	,	PUNCT
cana-6029	2	94	dept	dept	NOUN
cana-6029	2	95	.	.	PROPN
cana-6029	2	96	of	of	ADP
cana-6029	2	97	computer	computer	NOUN
cana-6029	2	98	engineering	engineering	NOUN
cana-6029	2	99	,	,	PUNCT
cana-6029	2	100	dwarkadas	dwarkadas	PROPN
cana-6029	2	101	j.	j.	PROPN
cana-6029	2	102	sanghvi	sanghvi	PROPN
cana-6029	2	103	college	college	PROPN
cana-6029	2	104	of	of	ADP
cana-6029	2	105	engineering	engineering	PROPN
cana-6029	2	106	mumbai	mumbai	PROPN
cana-6029	2	107	,	,	PUNCT
cana-6029	2	108	india	india	PROPN
cana-6029	2	109	,	,	PUNCT
cana-6029	2	110	nilesh.p@djsce.ac.in	nilesh.p@djsce.ac.in	PROPN
cana-6029	2	111	,	,	PUNCT
cana-6029	2	112	orcid	orcid	NOUN
cana-6029	2	113	:	:	PUNCT
cana-6029	2	114	0000	0000	NUM
cana-6029	2	115	-	-	PUNCT
cana-6029	2	116	0001	0001	NUM
cana-6029	2	117	-	-	PUNCT
cana-6029	2	118	8335	8335	NUM
cana-6029	2	119	-	-	SYM
cana-6029	2	120	4426	4426	NUM
cana-6029	2	121	4dept	4dept	NUM
cana-6029	2	122	.	.	PUNCT
cana-6029	2	123	of	of	ADP
cana-6029	2	124	computer	computer	NOUN
cana-6029	2	125	engineering	engineering	NOUN
cana-6029	2	126	,	,	PUNCT
cana-6029	2	127	dwarkadas	dwarkadas	PROPN
cana-6029	2	128	j.	j.	PROPN
cana-6029	2	129	sanghvi	sanghvi	PROPN
cana-6029	2	130	college	college	PROPN
cana-6029	2	131	of	of	ADP
cana-6029	2	132	engineering	engineering	PROPN
cana-6029	2	133	,	,	PUNCT
cana-6029	2	134	mumbai	mumbai	PROPN
cana-6029	2	135	,	,	PUNCT
cana-6029	2	136	india	india	PROPN
cana-6029	2	137	darshjain368@gmail.com	darshjain368@gmail.com	PROPN
cana-6029	2	138	,	,	PUNCT
cana-6029	2	139	orcid	orcid	NOUN
cana-6029	2	140	:	:	PUNCT
cana-6029	2	141	0009	0009	NUM
cana-6029	2	142	-	-	PUNCT
cana-6029	2	143	000	000	NUM
cana-6029	2	144	-	-	PUNCT
cana-6029	2	145	8936	8936	NUM
cana-6029	2	146	-	-	SYM
cana-6029	2	147	2586	2586	NUM
cana-6029	2	148	*	*	PUNCT
cana-6029	2	149	corresponding	correspond	VERB
cana-6029	2	150	author	author	NOUN
cana-6029	2	151	:	:	PUNCT
cana-6029	2	152	chaitya	chaitya	PROPN
cana-6029	2	153	shah	shah	PROPN
cana-6029	2	154	*	*	PUNCT
cana-6029	2	155	dwarkadas	dwarkadas	PROPN
cana-6029	2	156	j.	j.	PROPN
cana-6029	2	157	sanghvi	sanghvi	PROPN
cana-6029	2	158	college	college	PROPN
cana-6029	2	159	of	of	ADP
cana-6029	2	160	engineering	engineering	PROPN
cana-6029	2	161	,	,	PUNCT
cana-6029	2	162	mumbai	mumbai	PROPN
cana-6029	2	163	,	,	PUNCT
cana-6029	2	164	india	india	PROPN
cana-6029	2	165	shahchaitya8@gmail.com	shahchaitya8@gmail.com	PROPN
cana-6029	2	166	,	,	PUNCT
cana-6029	2	167	orcid	orcid	PROPN
cana-6029	2	168	:	:	PUNCT
cana-6029	2	169	0009	0009	NUM
cana-6029	2	170	-	-	SYM
cana-6029	2	171	0006	0006	NUM
cana-6029	2	172	-	-	SYM
cana-6029	2	173	3727	3727	NUM
cana-6029	2	174	-	-	SYM
cana-6029	2	175	1199	1199	NUM
cana-6029	2	176	article	article	NOUN
cana-6029	2	177	history	history	NOUN
cana-6029	2	178	:	:	PUNCT
cana-6029	2	179	abstract	abstract	ADJ
cana-6029	2	180	:	:	PUNCT
cana-6029	2	181	this	this	DET
cana-6029	2	182	paper	paper	NOUN
cana-6029	2	183	presents	present	VERB
cana-6029	2	184	a	a	DET
cana-6029	2	185	new	new	ADJ
cana-6029	2	186	short	short	ADJ
cana-6029	2	187	term	term	NOUN
cana-6029	2	188	trading	trading	NOUN
cana-6029	2	189	strategy	strategy	NOUN
cana-6029	2	190	for	for	ADP
cana-6029	2	191	financial	financial	ADJ
cana-6029	2	192	markets	market	NOUN
cana-6029	2	193	that	that	PRON
cana-6029	2	194	considers	consider	VERB
cana-6029	2	195	market	market	NOUN
cana-6029	2	196	regimes	regime	NOUN
cana-6029	2	197	.	.	PUNCT
cana-6029	3	1	it	it	PRON
cana-6029	3	2	uses	use	VERB
cana-6029	3	3	hidden	hide	VERB
cana-6029	3	4	markov	markov	NOUN
cana-6029	3	5	models	model	NOUN
cana-6029	3	6	(	(	PUNCT
cana-6029	3	7	hmms	hmms	NOUN
cana-6029	3	8	)	)	PUNCT
cana-6029	3	9	to	to	PART
cana-6029	3	10	identify	identify	VERB
cana-6029	3	11	market	market	NOUN
cana-6029	3	12	states	state	NOUN
cana-6029	3	13	dynamically	dynamically	ADV
cana-6029	3	14	and	and	CCONJ
cana-6029	3	15	monte	monte	PROPN
cana-6029	3	16	carlo	carlo	PROPN
cana-6029	3	17	simulation	simulation	NOUN
cana-6029	3	18	for	for	ADP
cana-6029	3	19	short	short	ADJ
cana-6029	3	20	term	term	NOUN
cana-6029	3	21	price	price	NOUN
cana-6029	3	22	forecasting	forecasting	NOUN
cana-6029	3	23	.	.	PUNCT
cana-6029	4	1	by	by	ADP
cana-6029	4	2	modeling	model	VERB
cana-6029	4	3	underlying	underlie	VERB
cana-6029	4	4	market	market	NOUN
cana-6029	4	5	conditions	condition	NOUN
cana-6029	4	6	(	(	PUNCT
cana-6029	4	7	such	such	ADJ
cana-6029	4	8	as	as	ADP
cana-6029	4	9	bull	bull	NOUN
cana-6029	4	10	,	,	PUNCT
cana-6029	4	11	bear	bear	NOUN
cana-6029	4	12	,	,	PUNCT
cana-6029	4	13	or	or	CCONJ
cana-6029	4	14	stagnation	stagnation	NOUN
cana-6029	4	15	)	)	PUNCT
cana-6029	4	16	through	through	ADP
cana-6029	4	17	a	a	DET
cana-6029	4	18	gaussian	gaussian	ADJ
cana-6029	4	19	hmm	hmm	NOUN
cana-6029	4	20	,	,	PUNCT
cana-6029	4	21	the	the	DET
cana-6029	4	22	strategy	strategy	NOUN
cana-6029	4	23	adjusts	adjust	VERB
cana-6029	4	24	its	its	PRON
cana-6029	4	25	trading	trading	NOUN
cana-6029	4	26	signals	signal	NOUN
cana-6029	4	27	according	accord	VERB
cana-6029	4	28	to	to	ADP
cana-6029	4	29	current	current	ADJ
cana-6029	4	30	market	market	NOUN
cana-6029	4	31	conditions	condition	NOUN
cana-6029	4	32	.	.	PUNCT
cana-6029	5	1	we	we	PRON
cana-6029	5	2	also	also	ADV
cana-6029	5	3	apply	apply	VERB
cana-6029	5	4	monte	monte	PROPN
cana-6029	5	5	carlo	carlo	PROPN
cana-6029	5	6	simulation	simulation	PROPN
cana-6029	5	7	,	,	PUNCT
cana-6029	5	8	specifically	specifically	ADV
cana-6029	5	9	geometric	geometric	ADJ
cana-6029	5	10	brownian	brownian	ADJ
cana-6029	5	11	motion	motion	NOUN
cana-6029	5	12	(	(	PUNCT
cana-6029	5	13	gbm	gbm	NOUN
cana-6029	5	14	)	)	PUNCT
cana-6029	5	15	,	,	PUNCT
cana-6029	5	16	to	to	PART
cana-6029	5	17	predict	predict	VERB
cana-6029	5	18	1,000	1,000	NUM
cana-6029	5	19	future	future	ADJ
cana-6029	5	20	5	5	NUM
cana-6029	5	21	day	day	NOUN
cana-6029	5	22	price	price	NOUN
cana-6029	5	23	paths	path	NOUN
cana-6029	5	24	.	.	PUNCT
cana-6029	6	1	this	this	DET
cana-6029	6	2	approach	approach	NOUN
cana-6029	6	3	quantifies	quantify	VERB
cana-6029	6	4	uncertainty	uncertainty	NOUN
cana-6029	6	5	and	and	CCONJ
cana-6029	6	6	enables	enable	VERB
cana-6029	6	7	buy	buy	VERB
cana-6029	6	8	/	/	SYM
cana-6029	6	9	sell	sell	NOUN
cana-6029	6	10	decisions	decision	NOUN
cana-6029	6	11	based	base	VERB
cana-6029	6	12	on	on	ADP
cana-6029	6	13	price	price	NOUN
cana-6029	6	14	percentiles	percentile	NOUN
cana-6029	6	15	.	.	PUNCT
cana-6029	7	1	the	the	DET
cana-6029	7	2	strategy	strategy	NOUN
cana-6029	7	3	has	have	AUX
cana-6029	7	4	been	be	AUX
cana-6029	7	5	thoroughly	thoroughly	ADV
cana-6029	7	6	backtested	backteste	VERB
cana-6029	7	7	using	use	VERB
cana-6029	7	8	daily	daily	ADJ
cana-6029	7	9	adjusted	adjust	VERB
cana-6029	7	10	closing	closing	NOUN
cana-6029	7	11	prices	price	NOUN
cana-6029	7	12	of	of	ADP
cana-6029	7	13	the	the	DET
cana-6029	7	14	nifty	nifty	ADJ
cana-6029	7	15	50	50	NUM
cana-6029	7	16	index	index	NOUN
cana-6029	7	17	(	(	PUNCT
cana-6029	7	18	nsei	nsei	VERB
cana-6029	7	19	)	)	PUNCT
cana-6029	7	20	from	from	ADP
cana-6029	7	21	january	january	PROPN
cana-6029	7	22	2018	2018	NUM
cana-6029	7	23	to	to	ADP
cana-6029	7	24	december	december	PROPN
cana-6029	7	25	2024	2024	NUM
cana-6029	7	26	.	.	PUNCT
cana-6029	8	1	backtesting	backtesting	NOUN
cana-6029	8	2	results	result	NOUN
cana-6029	8	3	show	show	VERB
cana-6029	8	4	a	a	DET
cana-6029	8	5	sharpe	sharpe	NOUN
cana-6029	8	6	ratio	ratio	NOUN
cana-6029	8	7	of	of	ADP
cana-6029	8	8	1.0461	1.0461	NUM
cana-6029	8	9	,	,	PUNCT
cana-6029	8	10	a	a	DET
cana-6029	8	11	sortino	sortino	ADJ
cana-6029	8	12	ratio	ratio	NOUN
cana-6029	8	13	of	of	ADP
cana-6029	8	14	1.5119	1.5119	NUM
cana-6029	8	15	,	,	PUNCT
cana-6029	8	16	and	and	CCONJ
cana-6029	8	17	a	a	DET
cana-6029	8	18	cumulative	cumulative	ADJ
cana-6029	8	19	return	return	NOUN
cana-6029	8	20	of	of	ADP
cana-6029	8	21	44.83	44.83	NUM
cana-6029	8	22	%	%	NOUN
cana-6029	8	23	.	.	PUNCT
cana-6029	9	1	this	this	PRON
cana-6029	9	2	significantly	significantly	ADV
cana-6029	9	3	outperforms	outperform	VERB
cana-6029	9	4	a	a	DET
cana-6029	9	5	traditional	traditional	ADJ
cana-6029	9	6	buy	buy	NOUN
cana-6029	9	7	-	-	PUNCT
cana-6029	9	8	and	and	CCONJ
cana-6029	9	9	-	-	PUNCT
cana-6029	9	10	hold	hold	NOUN
cana-6029	9	11	strategy	strategy	NOUN
cana-6029	9	12	,	,	PUNCT
cana-6029	9	13	which	which	PRON
cana-6029	9	14	produced	produce	VERB
cana-6029	9	15	a	a	DET
cana-6029	9	16	sharpe	sharpe	NOUN
cana-6029	9	17	ratio	ratio	NOUN
cana-6029	9	18	of	of	ADP
cana-6029	9	19	about	about	ADV
cana-6029	9	20	0.67	0.67	NUM
cana-6029	9	21	,	,	PUNCT
cana-6029	9	22	a	a	DET
cana-6029	9	23	cumulative	cumulative	ADJ
cana-6029	9	24	return	return	NOUN
cana-6029	9	25	of	of	ADP
cana-6029	9	26	around	around	ADP
cana-6029	9	27	26.44	26.44	NUM
cana-6029	9	28	%	%	NOUN
cana-6029	9	29	,	,	PUNCT
cana-6029	9	30	and	and	CCONJ
cana-6029	9	31	a	a	DET
cana-6029	9	32	maximum	maximum	ADJ
cana-6029	9	33	drawdown	drawdown	NOUN
cana-6029	9	34	of	of	ADP
cana-6029	9	35	roughly	roughly	ADV
cana-6029	9	36	-38.44	-38.44	NOUN
cana-6029	9	37	%	%	NOUN
cana-6029	9	38	during	during	ADP
cana-6029	9	39	the	the	DET
cana-6029	9	40	same	same	ADJ
cana-6029	9	41	time	time	NOUN
cana-6029	9	42	,	,	PUNCT
cana-6029	9	43	while	while	SCONJ
cana-6029	9	44	achieving	achieve	VERB
cana-6029	9	45	similar	similar	ADJ
cana-6029	9	46	annualized	annualize	VERB
cana-6029	9	47	returns	return	NOUN
cana-6029	9	48	but	but	CCONJ
cana-6029	9	49	with	with	ADP
cana-6029	9	50	notably	notably	ADV
cana-6029	9	51	lower	low	ADJ
cana-6029	9	52	volatility	volatility	NOUN
cana-6029	9	53	and	and	CCONJ
cana-6029	9	54	drawdowns	drawdown	NOUN
cana-6029	9	55	.	.	PUNCT
cana-6029	10	1	this	this	DET
cana-6029	10	2	framework	framework	NOUN
cana-6029	10	3	improves	improve	VERB
cana-6029	10	4	signal	signal	ADJ
cana-6029	10	5	accuracy	accuracy	NOUN
cana-6029	10	6	and	and	CCONJ
cana-6029	10	7	risk	risk	NOUN
cana-6029	10	8	management	management	NOUN
cana-6029	10	9	,	,	PUNCT
cana-6029	10	10	offering	offer	VERB
cana-6029	10	11	a	a	DET
cana-6029	10	12	solid	solid	ADJ
cana-6029	10	13	approach	approach	NOUN
cana-6029	10	14	to	to	ADP
cana-6029	10	15	short	short	ADJ
cana-6029	10	16	term	term	NOUN
cana-6029	10	17	trading	trading	NOUN
cana-6029	10	18	.	.	PUNCT
cana-6029	11	1	key	key	ADJ
cana-6029	11	2	words	word	NOUN
cana-6029	11	3	:	:	PUNCT
cana-6029	11	4	hidden	hide	VERB
cana-6029	11	5	markov	markov	NOUN
cana-6029	11	6	models	model	NOUN
cana-6029	11	7	,	,	PUNCT
cana-6029	11	8	monte	monte	PROPN
cana-6029	11	9	carlo	carlo	PROPN
cana-6029	11	10	simulation	simulation	PROPN
cana-6029	11	11	,	,	PUNCT
cana-6029	11	12	regime	regime	NOUN
cana-6029	11	13	detection	detection	NOUN
cana-6029	11	14	,	,	PUNCT
cana-6029	11	15	trading	trading	NOUN
cana-6029	11	16	strategy	strategy	NOUN
cana-6029	11	17	i.	i.	PROPN
cana-6029	11	18	introduction	introduction	PROPN
cana-6029	11	19	traditional	traditional	ADJ
cana-6029	11	20	short	short	ADJ
cana-6029	11	21	term	term	NOUN
cana-6029	11	22	trading	trading	NOUN
cana-6029	11	23	strategies	strategy	NOUN
cana-6029	11	24	often	often	ADV
cana-6029	11	25	assume	assume	VERB
cana-6029	11	26	that	that	SCONJ
cana-6029	11	27	markets	market	NOUN
cana-6029	11	28	are	be	AUX
cana-6029	11	29	stable	stable	ADJ
cana-6029	11	30	.	.	PUNCT
cana-6029	12	1	this	this	PRON
cana-6029	12	2	is	be	AUX
cana-6029	12	3	an	an	DET
cana-6029	12	4	oversimplification	oversimplification	NOUN
cana-6029	12	5	given	give	VERB
cana-6029	12	6	the	the	DET
cana-6029	12	7	dynamic	dynamic	ADJ
cana-6029	12	8	and	and	CCONJ
cana-6029	12	9	non	non	ADJ
cana-6029	12	10	-	-	ADJ
cana-6029	12	11	linear	linear	ADJ
cana-6029	12	12	behavior	behavior	NOUN
cana-6029	12	13	of	of	ADP
cana-6029	12	14	financial	financial	ADJ
cana-6029	12	15	markets	market	NOUN
cana-6029	12	16	.	.	PUNCT
cana-6029	13	1	market	market	NOUN
cana-6029	13	2	behavior	behavior	NOUN
cana-6029	13	3	,	,	PUNCT
cana-6029	13	4	marked	mark	VERB
cana-6029	13	5	by	by	ADP
cana-6029	13	6	different	different	ADJ
cana-6029	13	7	levels	level	NOUN
cana-6029	13	8	of	of	ADP
cana-6029	13	9	volatility	volatility	NOUN
cana-6029	13	10	,	,	PUNCT
cana-6029	13	11	mean	mean	ADJ
cana-6029	13	12	returns	return	NOUN
cana-6029	13	13	,	,	PUNCT
cana-6029	13	14	and	and	CCONJ
cana-6029	13	15	autocorrelation	autocorrelation	NOUN
cana-6029	13	16	,	,	PUNCT
cana-6029	13	17	often	often	ADV
cana-6029	13	18	shifts	shift	NOUN
cana-6029	13	19	between	between	ADP
cana-6029	13	20	different	different	ADJ
cana-6029	13	21	phases	phase	NOUN
cana-6029	13	22	or	or	CCONJ
cana-6029	13	23	’	'	PUNCT
cana-6029	13	24	regimes	regime	NOUN
cana-6029	13	25	’	'	PUNCT
cana-6029	13	26	such	such	ADJ
cana-6029	13	27	as	as	ADP
cana-6029	13	28	bullish	bullish	ADJ
cana-6029	13	29	,	,	PUNCT
cana-6029	13	30	bearish	bearish	ADJ
cana-6029	13	31	,	,	PUNCT
cana-6029	13	32	or	or	CCONJ
cana-6029	13	33	stagnant	stagnant	ADJ
cana-6029	13	34	.	.	PUNCT
cana-6029	14	1	ignoring	ignore	VERB
cana-6029	14	2	these	these	DET
cana-6029	14	3	shifts	shift	NOUN
cana-6029	14	4	can	can	AUX
cana-6029	14	5	lead	lead	VERB
cana-6029	14	6	to	to	ADP
cana-6029	14	7	poor	poor	ADJ
cana-6029	14	8	decision	decision	NOUN
cana-6029	14	9	making	making	NOUN
cana-6029	14	10	,	,	PUNCT
cana-6029	14	11	higher	high	ADJ
cana-6029	14	12	risk	risk	NOUN
cana-6029	14	13	,	,	PUNCT
cana-6029	14	14	and	and	CCONJ
cana-6029	14	15	lower	low	ADJ
cana-6029	14	16	profits	profit	NOUN
cana-6029	14	17	,	,	PUNCT
cana-6029	14	18	especially	especially	ADV
cana-6029	14	19	in	in	ADP
cana-6029	14	20	volatile	volatile	ADJ
cana-6029	14	21	times	time	NOUN
cana-6029	14	22	.	.	PUNCT
cana-6029	15	1	to	to	PART
cana-6029	15	2	tackle	tackle	VERB
cana-6029	15	3	this	this	DET
cana-6029	15	4	issue	issue	NOUN
cana-6029	15	5	,	,	PUNCT
cana-6029	15	6	quantitative	quantitative	ADJ
cana-6029	15	7	finance	finance	NOUN
cana-6029	15	8	increasingly	increasingly	ADV
cana-6029	15	9	relies	rely	VERB
cana-6029	15	10	on	on	ADP
cana-6029	15	11	advanced	advanced	ADJ
cana-6029	15	12	modeling	modeling	NOUN
cana-6029	15	13	techniques	technique	NOUN
cana-6029	15	14	.	.	PUNCT
cana-6029	16	1	this	this	DET
cana-6029	16	2	paper	paper	NOUN
cana-6029	16	3	introduces	introduce	VERB
cana-6029	16	4	a	a	DET
cana-6029	16	5	strategy	strategy	NOUN
cana-6029	16	6	that	that	PRON
cana-6029	16	7	combines	combine	VERB
cana-6029	16	8	two	two	NUM
cana-6029	16	9	effective	effective	ADJ
cana-6029	16	10	methods	method	NOUN
cana-6029	16	11	:	:	PUNCT
cana-6029	16	12	hidden	hide	VERB
cana-6029	16	13	markov	markov	NOUN
cana-6029	16	14	models	model	NOUN
cana-6029	16	15	(	(	PUNCT
cana-6029	16	16	hmms	hmms	NOUN
cana-6029	16	17	)	)	PUNCT
cana-6029	16	18	to	to	PART
cana-6029	16	19	identify	identify	VERB
cana-6029	16	20	unseen	unseen	ADJ
cana-6029	16	21	market	market	NOUN
cana-6029	16	22	states	state	NOUN
cana-6029	16	23	and	and	CCONJ
cana-6029	16	24	monte	monte	PROPN
cana-6029	16	25	carlo	carlo	PROPN
cana-6029	16	26	simulation	simulation	NOUN
cana-6029	16	27	for	for	ADP
cana-6029	16	28	generating	generate	VERB
cana-6029	16	29	probabilistic	probabilistic	ADJ
cana-6029	16	30	short	short	ADJ
cana-6029	16	31	term	term	NOUN
cana-6029	16	32	price	price	NOUN
cana-6029	16	33	forecasts	forecast	NOUN
cana-6029	16	34	.	.	PUNCT
cana-6029	17	1	by	by	ADP
cana-6029	17	2	adjusting	adjust	VERB
cana-6029	17	3	forecasting	forecasting	NOUN
cana-6029	17	4	parameters	parameter	NOUN
cana-6029	17	5	based	base	VERB
cana-6029	17	6	on	on	ADP
cana-6029	17	7	the	the	DET
cana-6029	17	8	identified	identify	VERB
cana-6029	17	9	market	market	NOUN
cana-6029	17	10	regime	regime	NOUN
cana-6029	17	11	,	,	PUNCT
cana-6029	17	12	our	our	PRON
cana-6029	17	13	strategy	strategy	NOUN
cana-6029	17	14	seeks	seek	VERB
cana-6029	17	15	to	to	PART
cana-6029	17	16	create	create	VERB
cana-6029	17	17	more	more	ADV
cana-6029	17	18	accurate	accurate	ADJ
cana-6029	17	19	and	and	CCONJ
cana-6029	17	20	adaptable	adaptable	ADJ
cana-6029	17	21	trading	trading	NOUN
cana-6029	17	22	signals	signal	NOUN
cana-6029	17	23	.	.	PUNCT
cana-6029	18	1	ii	ii	X
cana-6029	18	2	.	.	PROPN
cana-6029	18	3	related	relate	VERB
cana-6029	18	4	work	work	NOUN
cana-6029	18	5	financial	financial	ADJ
cana-6029	18	6	markets	market	NOUN
cana-6029	18	7	are	be	AUX
cana-6029	18	8	inherently	inherently	ADV
cana-6029	18	9	dynamic	dynamic	ADJ
cana-6029	18	10	and	and	CCONJ
cana-6029	18	11	characterized	characterize	VERB
cana-6029	18	12	by	by	ADP
cana-6029	18	13	regime	regime	NOUN
cana-6029	18	14	shifts	shift	NOUN
cana-6029	18	15	such	such	ADJ
cana-6029	18	16	as	as	ADP
cana-6029	18	17	bull	bull	NOUN
cana-6029	18	18	,	,	PUNCT
cana-6029	18	19	bear	bear	NOUN
cana-6029	18	20	,	,	PUNCT
cana-6029	18	21	and	and	CCONJ
cana-6029	18	22	stagnant	stagnant	ADJ
cana-6029	18	23	phases	phase	NOUN
cana-6029	18	24	.	.	PUNCT
cana-6029	19	1	traditional	traditional	ADJ
cana-6029	19	2	time	time	NOUN
cana-6029	19	3	-	-	PUNCT
cana-6029	19	4	series	series	NOUN
cana-6029	19	5	models	model	NOUN
cana-6029	19	6	often	often	ADV
cana-6029	19	7	assume	assume	VERB
cana-6029	19	8	stationarity	stationarity	NOUN
cana-6029	19	9	,	,	PUNCT
cana-6029	19	10	but	but	CCONJ
cana-6029	19	11	such	such	ADJ
cana-6029	19	12	assumptions	assumption	NOUN
cana-6029	19	13	fail	fail	VERB
cana-6029	19	14	to	to	PART
cana-6029	19	15	capture	capture	VERB
cana-6029	19	16	structural	structural	ADJ
cana-6029	19	17	changes	change	NOUN
cana-6029	19	18	in	in	ADP
cana-6029	19	19	volatility	volatility	NOUN
cana-6029	19	20	and	and	CCONJ
cana-6029	19	21	return	return	NOUN
cana-6029	19	22	distributions	distribution	NOUN
cana-6029	19	23	.	.	PUNCT
cana-6029	20	1	to	to	PART
cana-6029	20	2	overcome	overcome	VERB
cana-6029	20	3	these	these	DET
cana-6029	20	4	limitations	limitation	NOUN
cana-6029	20	5	,	,	PUNCT
cana-6029	20	6	received	receive	VERB
cana-6029	20	7	:	:	PUNCT
cana-6029	20	8	03	03	NUM
cana-6029	20	9	-	-	PUNCT
cana-6029	20	10	01	01	NUM
cana-6029	20	11	-	-	PUNCT
cana-6029	20	12	2025	2025	NUM
cana-6029	20	13	revised	revise	VERB
cana-6029	20	14	:	:	PUNCT
cana-6029	20	15	11	11	NUM
cana-6029	20	16	-	-	SYM
cana-6029	20	17	01	01	NUM
cana-6029	20	18	-	-	PUNCT
cana-6029	20	19	2025	2025	NUM
cana-6029	20	20	accepted	accept	VERB
cana-6029	20	21	:	:	PUNCT
cana-6029	20	22	17	17	NUM
cana-6029	20	23	-	-	SYM
cana-6029	20	24	01	01	NUM
cana-6029	20	25	-	-	PUNCT
cana-6029	20	26	2025	2025	NUM
cana-6029	20	27	mailto:shahchaitya8@gmail.com	mailto:shahchaitya8@gmail.com	NOUN
cana-6029	20	28	mailto:ayushshah979@gmail.com	mailto:ayushshah979@gmail.com	PROPN
cana-6029	21	1	mailto:nilesh.p@djsce.ac.in	mailto:nilesh.p@djsce.ac.in	PROPN
cana-6029	21	2	mailto:darshjain368@gmail.com	mailto:darshjain368@gmail.com	PROPN
cana-6029	21	3	mailto:shahchaitya8@gmail.com	mailto:shahchaitya8@gmail.com	PROPN
cana-6029	21	4	communications	communication	NOUN
cana-6029	21	5	on	on	ADP
cana-6029	21	6	applied	apply	VERB
cana-6029	21	7	nonlinear	nonlinear	ADJ
cana-6029	21	8	analysis	analysis	NOUN
cana-6029	21	9	issn	issn	NOUN
cana-6029	21	10	:	:	PUNCT
cana-6029	21	11	1074	1074	NUM
cana-6029	21	12	-	-	PUNCT
cana-6029	21	13	133x	133x	NUM
cana-6029	21	14	vol	vol	NOUN
cana-6029	21	15	32	32	NUM
cana-6029	21	16	no	no	NOUN
cana-6029	21	17	.	.	PUNCT
cana-6029	22	1	9s	9s	NUM
cana-6029	22	2	(	(	PUNCT
cana-6029	22	3	2025	2025	NUM
cana-6029	22	4	)	)	PUNCT
cana-6029	22	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	22	6	3243	3243	NUM
cana-6029	22	7	researchers	researcher	NOUN
cana-6029	22	8	have	have	AUX
cana-6029	22	9	increasingly	increasingly	ADV
cana-6029	22	10	employed	employ	VERB
cana-6029	22	11	probabilistic	probabilistic	ADJ
cana-6029	22	12	models	model	NOUN
cana-6029	22	13	and	and	CCONJ
cana-6029	22	14	simulation	simulation	NOUN
cana-6029	22	15	-	-	PUNCT
cana-6029	22	16	based	base	VERB
cana-6029	22	17	approaches	approach	NOUN
cana-6029	22	18	for	for	ADP
cana-6029	22	19	regime	regime	NOUN
cana-6029	22	20	detection	detection	NOUN
cana-6029	22	21	and	and	CCONJ
cana-6029	22	22	forecasting	forecasting	NOUN
cana-6029	22	23	.	.	PUNCT
cana-6029	23	1	several	several	ADJ
cana-6029	23	2	studies	study	NOUN
cana-6029	23	3	have	have	AUX
cana-6029	23	4	explored	explore	VERB
cana-6029	23	5	the	the	DET
cana-6029	23	6	use	use	NOUN
cana-6029	23	7	of	of	ADP
cana-6029	23	8	hidden	hide	VERB
cana-6029	23	9	markov	markov	NOUN
cana-6029	23	10	models	model	NOUN
cana-6029	23	11	(	(	PUNCT
cana-6029	23	12	hmms	hmms	NOUN
cana-6029	23	13	)	)	PUNCT
cana-6029	23	14	in	in	ADP
cana-6029	23	15	finance	finance	NOUN
cana-6029	23	16	.	.	PUNCT
cana-6029	24	1	pavlidis	pavlidi	NOUN
cana-6029	24	2	et	et	PROPN
cana-6029	24	3	al	al	PROPN
cana-6029	24	4	.	.	PUNCT
cana-6029	25	1	[	[	X
cana-6029	25	2	1	1	X
cana-6029	25	3	]	]	PUNCT
cana-6029	25	4	demonstrated	demonstrate	VERB
cana-6029	25	5	how	how	SCONJ
cana-6029	25	6	hmms	hmms	NOUN
cana-6029	25	7	effectively	effectively	ADV
cana-6029	25	8	capture	capture	VERB
cana-6029	25	9	the	the	DET
cana-6029	25	10	latent	latent	NOUN
cana-6029	25	11	state	state	NOUN
cana-6029	25	12	dynamics	dynamic	NOUN
cana-6029	25	13	of	of	ADP
cana-6029	25	14	financial	financial	ADJ
cana-6029	25	15	time	time	NOUN
cana-6029	25	16	series	series	NOUN
cana-6029	25	17	,	,	PUNCT
cana-6029	25	18	while	while	SCONJ
cana-6029	25	19	lee	lee	PROPN
cana-6029	25	20	et	et	PROPN
cana-6029	25	21	al	al	PROPN
cana-6029	25	22	.	.	PUNCT
cana-6029	26	1	[	[	X
cana-6029	26	2	2	2	X
cana-6029	26	3	]	]	PUNCT
cana-6029	26	4	combined	combined	ADJ
cana-6029	26	5	hmms	hmms	NOUN
cana-6029	26	6	with	with	ADP
cana-6029	26	7	genetic	genetic	ADJ
cana-6029	26	8	algorithms	algorithm	NOUN
cana-6029	26	9	to	to	PART
cana-6029	26	10	improve	improve	VERB
cana-6029	26	11	forecasting	forecasting	NOUN
cana-6029	26	12	performance	performance	NOUN
cana-6029	26	13	.	.	PUNCT
cana-6029	27	1	nystrup	nystrup	VERB
cana-6029	27	2	et	et	PROPN
cana-6029	27	3	al	al	PROPN
cana-6029	27	4	.	.	PUNCT
cana-6029	28	1	[	[	X
cana-6029	28	2	3	3	NUM
cana-6029	28	3	]	]	PUNCT
cana-6029	28	4	focused	focus	VERB
cana-6029	28	5	on	on	ADP
cana-6029	28	6	regime	regime	NOUN
cana-6029	28	7	-	-	PUNCT
cana-6029	28	8	switching	switch	VERB
cana-6029	28	9	models	model	NOUN
cana-6029	28	10	for	for	ADP
cana-6029	28	11	asset	asset	NOUN
cana-6029	28	12	allocation	allocation	NOUN
cana-6029	28	13	,	,	PUNCT
cana-6029	28	14	emphasizing	emphasize	VERB
cana-6029	28	15	the	the	DET
cana-6029	28	16	value	value	NOUN
cana-6029	28	17	of	of	ADP
cana-6029	28	18	adapting	adapt	VERB
cana-6029	28	19	portfolio	portfolio	NOUN
cana-6029	28	20	strategies	strategy	NOUN
cana-6029	28	21	to	to	ADP
cana-6029	28	22	different	different	ADJ
cana-6029	28	23	market	market	NOUN
cana-6029	28	24	conditions	condition	NOUN
cana-6029	28	25	.	.	PUNCT
cana-6029	29	1	beyond	beyond	ADP
cana-6029	29	2	market	market	NOUN
cana-6029	29	3	forecasting	forecasting	NOUN
cana-6029	29	4	,	,	PUNCT
cana-6029	29	5	park	park	NOUN
cana-6029	29	6	and	and	CCONJ
cana-6029	29	7	lee	lee	PROPN
cana-6029	30	1	[	[	X
cana-6029	30	2	4	4	NUM
cana-6029	30	3	]	]	PUNCT
cana-6029	30	4	applied	apply	VERB
cana-6029	30	5	hmms	hmms	NOUN
cana-6029	30	6	to	to	PART
cana-6029	30	7	credit	credit	NOUN
cana-6029	30	8	risk	risk	NOUN
cana-6029	30	9	assessment	assessment	NOUN
cana-6029	30	10	,	,	PUNCT
cana-6029	30	11	showcasing	showcase	VERB
cana-6029	30	12	the	the	DET
cana-6029	30	13	model	model	NOUN
cana-6029	30	14	’s	’s	PART
cana-6029	30	15	flexibility	flexibility	NOUN
cana-6029	30	16	across	across	ADP
cana-6029	30	17	financial	financial	ADJ
cana-6029	30	18	applications	application	NOUN
cana-6029	30	19	.	.	PUNCT
cana-6029	31	1	in	in	ADP
cana-6029	31	2	parallel	parallel	NOUN
cana-6029	31	3	,	,	PUNCT
cana-6029	31	4	monte	monte	PROPN
cana-6029	31	5	carlo	carlo	PROPN
cana-6029	31	6	methods	method	NOUN
cana-6029	31	7	have	have	AUX
cana-6029	31	8	been	be	AUX
cana-6029	31	9	widely	widely	ADV
cana-6029	31	10	adopted	adopt	VERB
cana-6029	31	11	in	in	ADP
cana-6029	31	12	quantitative	quantitative	ADJ
cana-6029	31	13	finance	finance	NOUN
cana-6029	31	14	.	.	PUNCT
cana-6029	32	1	glasserman	glasserman	NOUN
cana-6029	33	1	[	[	X
cana-6029	33	2	5	5	NUM
cana-6029	33	3	]	]	PUNCT
cana-6029	33	4	established	establish	VERB
cana-6029	33	5	monte	monte	PROPN
cana-6029	33	6	carlo	carlo	PROPN
cana-6029	33	7	simulation	simulation	PROPN
cana-6029	33	8	as	as	ADP
cana-6029	33	9	a	a	DET
cana-6029	33	10	key	key	ADJ
cana-6029	33	11	tool	tool	NOUN
cana-6029	33	12	in	in	ADP
cana-6029	33	13	financial	financial	ADJ
cana-6029	33	14	engineering	engineering	NOUN
cana-6029	33	15	,	,	PUNCT
cana-6029	33	16	particularly	particularly	ADV
cana-6029	33	17	for	for	ADP
cana-6029	33	18	derivative	derivative	ADJ
cana-6029	33	19	pricing	pricing	NOUN
cana-6029	33	20	and	and	CCONJ
cana-6029	33	21	risk	risk	NOUN
cana-6029	33	22	management	management	NOUN
cana-6029	33	23	.	.	PUNCT
cana-6029	34	1	hull	hull	NOUN
cana-6029	35	1	[	[	X
cana-6029	35	2	6	6	NUM
cana-6029	35	3	]	]	PUNCT
cana-6029	35	4	further	far	ADV
cana-6029	35	5	highlighted	highlight	VERB
cana-6029	35	6	its	its	PRON
cana-6029	35	7	application	application	NOUN
cana-6029	35	8	in	in	ADP
cana-6029	35	9	options	option	NOUN
cana-6029	35	10	pricing	pricing	NOUN
cana-6029	35	11	and	and	CCONJ
cana-6029	35	12	uncertainty	uncertainty	NOUN
cana-6029	35	13	quantification	quantification	NOUN
cana-6029	35	14	.	.	PUNCT
cana-6029	36	1	singh	singh	PROPN
cana-6029	36	2	et	et	PROPN
cana-6029	36	3	al	al	PROPN
cana-6029	36	4	.	.	PUNCT
cana-6029	37	1	[	[	X
cana-6029	37	2	7	7	NUM
cana-6029	37	3	]	]	PUNCT
cana-6029	37	4	applied	apply	VERB
cana-6029	37	5	monte	monte	PROPN
cana-6029	37	6	carlo	carlo	PROPN
cana-6029	37	7	methods	method	NOUN
cana-6029	37	8	to	to	PART
cana-6029	37	9	market	market	VERB
cana-6029	37	10	risk	risk	NOUN
cana-6029	37	11	estimation	estimation	NOUN
cana-6029	37	12	,	,	PUNCT
cana-6029	37	13	while	while	SCONJ
cana-6029	37	14	singh	singh	PROPN
cana-6029	37	15	and	and	CCONJ
cana-6029	37	16	singh	singh	PROPN
cana-6029	37	17	[	[	X
cana-6029	37	18	8	8	NUM
cana-6029	37	19	]	]	PUNCT
cana-6029	37	20	extended	extend	VERB
cana-6029	37	21	the	the	DET
cana-6029	37	22	approach	approach	NOUN
cana-6029	37	23	to	to	ADP
cana-6029	37	24	stock	stock	NOUN
cana-6029	37	25	price	price	NOUN
cana-6029	37	26	prediction	prediction	NOUN
cana-6029	37	27	using	use	VERB
cana-6029	37	28	simulation	simulation	NOUN
cana-6029	37	29	and	and	CCONJ
cana-6029	37	30	machine	machine	NOUN
cana-6029	37	31	learning	learning	NOUN
cana-6029	37	32	.	.	PUNCT
cana-6029	38	1	finally	finally	ADV
cana-6029	38	2	,	,	PUNCT
cana-6029	38	3	hamilton	hamilton	PROPN
cana-6029	38	4	’s	’s	PART
cana-6029	38	5	foundational	foundational	ADJ
cana-6029	38	6	work	work	NOUN
cana-6029	38	7	on	on	ADP
cana-6029	38	8	regime	regime	NOUN
cana-6029	38	9	switching	switch	VERB
cana-6029	38	10	time	time	NOUN
cana-6029	38	11	series	series	NOUN
cana-6029	38	12	models	model	NOUN
cana-6029	38	13	[	[	X
cana-6029	38	14	9	9	NUM
cana-6029	38	15	]	]	PUNCT
cana-6029	38	16	laid	lay	VERB
cana-6029	38	17	the	the	DET
cana-6029	38	18	groundwork	groundwork	NOUN
cana-6029	38	19	for	for	ADP
cana-6029	38	20	integrating	integrate	VERB
cana-6029	38	21	hidden	hide	VERB
cana-6029	38	22	states	state	NOUN
cana-6029	38	23	into	into	ADP
cana-6029	38	24	economic	economic	ADJ
cana-6029	38	25	and	and	CCONJ
cana-6029	38	26	financial	financial	ADJ
cana-6029	38	27	modeling	modeling	NOUN
cana-6029	38	28	.	.	PUNCT
cana-6029	39	1	this	this	DET
cana-6029	39	2	work	work	NOUN
cana-6029	39	3	influenced	influence	VERB
cana-6029	39	4	much	much	ADJ
cana-6029	39	5	of	of	ADP
cana-6029	39	6	the	the	DET
cana-6029	39	7	subsequent	subsequent	ADJ
cana-6029	39	8	literature	literature	NOUN
cana-6029	39	9	on	on	ADP
cana-6029	39	10	combining	combine	VERB
cana-6029	39	11	state	state	NOUN
cana-6029	39	12	inference	inference	NOUN
cana-6029	39	13	with	with	ADP
cana-6029	39	14	forecasting	forecasting	NOUN
cana-6029	39	15	.	.	PUNCT
cana-6029	40	1	while	while	SCONJ
cana-6029	40	2	these	these	DET
cana-6029	40	3	prior	prior	ADJ
cana-6029	40	4	studies	study	NOUN
cana-6029	40	5	either	either	CCONJ
cana-6029	40	6	focused	focus	VERB
cana-6029	40	7	on	on	ADP
cana-6029	40	8	hmmbased	hmmbase	VERB
cana-6029	40	9	regime	regime	NOUN
cana-6029	40	10	detection	detection	NOUN
cana-6029	40	11	or	or	CCONJ
cana-6029	40	12	monte	monte	PROPN
cana-6029	40	13	carlo	carlo	PROPN
cana-6029	40	14	-	-	PUNCT
cana-6029	40	15	based	base	VERB
cana-6029	40	16	forecasting	forecasting	NOUN
cana-6029	40	17	,	,	PUNCT
cana-6029	40	18	relatively	relatively	ADV
cana-6029	40	19	few	few	ADJ
cana-6029	40	20	approaches	approach	NOUN
cana-6029	40	21	integrate	integrate	VERB
cana-6029	40	22	both	both	PRON
cana-6029	40	23	.	.	PUNCT
cana-6029	41	1	existing	exist	VERB
cana-6029	41	2	hmm	hmm	NOUN
cana-6029	41	3	research	research	NOUN
cana-6029	41	4	often	often	ADV
cana-6029	41	5	stops	stop	VERB
cana-6029	41	6	at	at	ADP
cana-6029	41	7	identifying	identify	VERB
cana-6029	41	8	regimes	regime	NOUN
cana-6029	41	9	without	without	ADP
cana-6029	41	10	translating	translate	VERB
cana-6029	41	11	them	they	PRON
cana-6029	41	12	into	into	ADP
cana-6029	41	13	forward	forward	ADV
cana-6029	41	14	-	-	PUNCT
cana-6029	41	15	looking	look	VERB
cana-6029	41	16	price	price	NOUN
cana-6029	41	17	predictions	prediction	NOUN
cana-6029	41	18	,	,	PUNCT
cana-6029	41	19	whereas	whereas	SCONJ
cana-6029	41	20	monte	monte	PROPN
cana-6029	41	21	carlo	carlo	PROPN
cana-6029	41	22	studies	study	NOUN
cana-6029	41	23	typically	typically	ADV
cana-6029	41	24	ignore	ignore	VERB
cana-6029	41	25	the	the	DET
cana-6029	41	26	structural	structural	ADJ
cana-6029	41	27	dynamics	dynamic	NOUN
cana-6029	41	28	of	of	ADP
cana-6029	41	29	different	different	ADJ
cana-6029	41	30	market	market	NOUN
cana-6029	41	31	states	state	NOUN
cana-6029	41	32	.	.	PUNCT
cana-6029	42	1	our	our	PRON
cana-6029	42	2	work	work	NOUN
cana-6029	42	3	bridges	bridge	NOUN
cana-6029	42	4	this	this	DET
cana-6029	42	5	gap	gap	NOUN
cana-6029	42	6	by	by	ADP
cana-6029	42	7	combining	combine	VERB
cana-6029	42	8	hmms	hmms	NOUN
cana-6029	42	9	with	with	ADP
cana-6029	42	10	monte	monte	PROPN
cana-6029	42	11	carlo	carlo	PROPN
cana-6029	42	12	simulation	simulation	PROPN
cana-6029	42	13	:	:	PUNCT
cana-6029	42	14	hmms	hmms	NOUN
cana-6029	42	15	identify	identify	VERB
cana-6029	42	16	the	the	DET
cana-6029	42	17	prevailing	prevail	VERB
cana-6029	42	18	market	market	NOUN
cana-6029	42	19	regime	regime	NOUN
cana-6029	42	20	,	,	PUNCT
cana-6029	42	21	and	and	CCONJ
cana-6029	42	22	the	the	DET
cana-6029	42	23	corresponding	corresponding	ADJ
cana-6029	42	24	regime	regime	NOUN
cana-6029	42	25	-	-	PUNCT
cana-6029	42	26	specific	specific	ADJ
cana-6029	42	27	parameters	parameter	NOUN
cana-6029	42	28	are	be	AUX
cana-6029	42	29	used	use	VERB
cana-6029	42	30	to	to	PART
cana-6029	42	31	condition	condition	VERB
cana-6029	42	32	monte	monte	PROPN
cana-6029	42	33	carlo	carlo	PROPN
cana-6029	42	34	forecasts	forecast	NOUN
cana-6029	42	35	.	.	PUNCT
cana-6029	43	1	this	this	DET
cana-6029	43	2	hybrid	hybrid	ADJ
cana-6029	43	3	framework	framework	NOUN
cana-6029	43	4	enhances	enhance	VERB
cana-6029	43	5	predictive	predictive	ADJ
cana-6029	43	6	accuracy	accuracy	NOUN
cana-6029	43	7	while	while	SCONJ
cana-6029	43	8	improving	improve	VERB
cana-6029	43	9	risk	risk	NOUN
cana-6029	43	10	adjusted	adjust	VERB
cana-6029	43	11	performance	performance	NOUN
cana-6029	43	12	in	in	ADP
cana-6029	43	13	short	short	ADJ
cana-6029	43	14	-	-	PUNCT
cana-6029	43	15	term	term	NOUN
cana-6029	43	16	trading	trading	NOUN
cana-6029	43	17	.	.	PUNCT
cana-6029	44	1	iii	iii	X
cana-6029	44	2	.	.	PROPN
cana-6029	44	3	methodology	methodology	PROPN
cana-6029	44	4	a.	a.	NOUN
cana-6029	44	5	data	data	PROPN
cana-6029	44	6	source	source	NOUN
cana-6029	44	7	we	we	PRON
cana-6029	44	8	gathered	gather	VERB
cana-6029	44	9	daily	daily	ADV
cana-6029	44	10	adjusted	adjust	VERB
cana-6029	44	11	closing	closing	NOUN
cana-6029	44	12	prices	price	NOUN
cana-6029	44	13	for	for	ADP
cana-6029	44	14	the	the	DET
cana-6029	44	15	nifty	nifty	ADJ
cana-6029	44	16	50	50	NUM
cana-6029	44	17	index	index	NOUN
cana-6029	44	18	(	(	PUNCT
cana-6029	44	19	ˆnsei	ˆnsei	NOUN
cana-6029	44	20	)	)	PUNCT
cana-6029	44	21	from	from	ADP
cana-6029	44	22	yahoo	yahoo	PROPN
cana-6029	44	23	finance	finance	NOUN
cana-6029	44	24	from	from	ADP
cana-6029	44	25	january	january	PROPN
cana-6029	44	26	1	1	NUM
cana-6029	44	27	,	,	PUNCT
cana-6029	44	28	2018	2018	NUM
cana-6029	44	29	,	,	PUNCT
cana-6029	44	30	to	to	ADP
cana-6029	44	31	december	december	PROPN
cana-6029	44	32	31	31	NUM
cana-6029	44	33	,	,	PUNCT
cana-6029	44	34	2024	2024	NUM
cana-6029	44	35	.	.	PUNCT
cana-6029	45	1	the	the	DET
cana-6029	45	2	log	log	NOUN
cana-6029	45	3	return	return	NOUN
cana-6029	45	4	at	at	ADP
cana-6029	45	5	time	time	NOUN
cana-6029	45	6	t	t	PROPN
cana-6029	45	7	is	be	AUX
cana-6029	45	8	calculated	calculate	VERB
cana-6029	45	9	as	as	ADP
cana-6029	45	10	:	:	PUNCT
cana-6029	45	11	rt	rt	PROPN
cana-6029	45	12	=	=	SYM
cana-6029	45	13	ln(pt	ln(pt	PROPN
cana-6029	45	14	/	/	SYM
cana-6029	45	15	pt−1	pt−1	NOUN
cana-6029	45	16	)	)	PUNCT
cana-6029	45	17	(	(	PUNCT
cana-6029	45	18	1	1	X
cana-6029	45	19	)	)	PUNCT
cana-6029	45	20	where	where	SCONJ
cana-6029	45	21	pt	pt	PROPN
cana-6029	45	22	is	be	AUX
cana-6029	45	23	the	the	DET
cana-6029	45	24	adjusted	adjust	VERB
cana-6029	45	25	closing	closing	NOUN
cana-6029	45	26	price	price	NOUN
cana-6029	45	27	at	at	ADP
cana-6029	45	28	time	time	NOUN
cana-6029	45	29	t.	t.	PROPN
cana-6029	45	30	b.	b.	PROPN
cana-6029	45	31	hidden	hide	VERB
cana-6029	45	32	markov	markov	NOUN
cana-6029	45	33	model	model	NOUN
cana-6029	45	34	a	a	DET
cana-6029	45	35	hidden	hide	VERB
cana-6029	45	36	markov	markov	NOUN
cana-6029	45	37	model	model	NOUN
cana-6029	45	38	(	(	PUNCT
cana-6029	45	39	hmm	hmm	INTJ
cana-6029	45	40	)	)	PUNCT
cana-6029	45	41	is	be	AUX
cana-6029	45	42	a	a	DET
cana-6029	45	43	probabilistic	probabilistic	ADJ
cana-6029	45	44	model	model	NOUN
cana-6029	45	45	designed	design	VERB
cana-6029	45	46	to	to	PART
cana-6029	45	47	capture	capture	VERB
cana-6029	45	48	systems	system	NOUN
cana-6029	45	49	that	that	PRON
cana-6029	45	50	evolve	evolve	VERB
cana-6029	45	51	through	through	ADP
cana-6029	45	52	a	a	DET
cana-6029	45	53	sequence	sequence	NOUN
cana-6029	45	54	of	of	ADP
cana-6029	45	55	hidden	hidden	ADJ
cana-6029	45	56	(	(	PUNCT
cana-6029	45	57	unobservable	unobservable	ADJ
cana-6029	45	58	)	)	PUNCT
cana-6029	45	59	states	state	NOUN
cana-6029	45	60	,	,	PUNCT
cana-6029	45	61	where	where	SCONJ
cana-6029	45	62	each	each	DET
cana-6029	45	63	hidden	hide	VERB
cana-6029	45	64	state	state	NOUN
cana-6029	45	65	generates	generate	VERB
cana-6029	45	66	observable	observable	ADJ
cana-6029	45	67	data	datum	NOUN
cana-6029	45	68	according	accord	VERB
cana-6029	45	69	to	to	ADP
cana-6029	45	70	a	a	DET
cana-6029	45	71	probability	probability	NOUN
cana-6029	45	72	distribution	distribution	NOUN
cana-6029	45	73	.	.	PUNCT
cana-6029	46	1	in	in	ADP
cana-6029	46	2	financial	financial	ADJ
cana-6029	46	3	markets	market	NOUN
cana-6029	46	4	,	,	PUNCT
cana-6029	46	5	the	the	DET
cana-6029	46	6	under	under	ADP
cana-6029	46	7	lying	lie	VERB
cana-6029	46	8	market	market	NOUN
cana-6029	46	9	regime	regime	NOUN
cana-6029	46	10	(	(	PUNCT
cana-6029	46	11	e.g.	e.g.	ADV
cana-6029	46	12	,	,	PUNCT
cana-6029	46	13	bull	bull	NOUN
cana-6029	46	14	,	,	PUNCT
cana-6029	46	15	bear	bear	NOUN
cana-6029	46	16	)	)	PUNCT
cana-6029	46	17	is	be	AUX
cana-6029	46	18	not	not	PART
cana-6029	46	19	directly	directly	ADV
cana-6029	46	20	observable	observable	ADJ
cana-6029	46	21	but	but	CCONJ
cana-6029	46	22	can	can	AUX
cana-6029	46	23	be	be	AUX
cana-6029	46	24	inferred	infer	VERB
cana-6029	46	25	from	from	ADP
cana-6029	46	26	observed	observed	ADJ
cana-6029	46	27	returns	return	NOUN
cana-6029	46	28	.	.	PUNCT
cana-6029	47	1	formally	formally	ADV
cana-6029	47	2	,	,	PUNCT
cana-6029	47	3	an	an	DET
cana-6029	47	4	hmm	hmm	NOUN
cana-6029	47	5	is	be	AUX
cana-6029	47	6	defined	define	VERB
cana-6029	47	7	by	by	ADP
cana-6029	47	8	three	three	NUM
cana-6029	47	9	components	component	NOUN
cana-6029	47	10	:	:	PUNCT
cana-6029	47	11	1	1	NUM
cana-6029	47	12	)	)	PUNCT
cana-6029	47	13	initial	initial	ADJ
cana-6029	47	14	state	state	NOUN
cana-6029	47	15	distribution	distribution	NOUN
cana-6029	47	16	:	:	PUNCT
cana-6029	47	17	πi	πi	ADP
cana-6029	47	18	=	=	SYM
cana-6029	47	19	p	p	X
cana-6029	47	20	(	(	PUNCT
cana-6029	47	21	s1	s1	PROPN
cana-6029	47	22	=	=	PUNCT
cana-6029	47	23	i),i	i),i	PROPN
cana-6029	47	24	=	=	SYM
cana-6029	47	25	1	1	NUM
cana-6029	47	26	,	,	PUNCT
cana-6029	47	27	.	.	PUNCT
cana-6029	47	28	.	.	PUNCT
cana-6029	48	1	.	.	PUNCT
cana-6029	49	1	,	,	PUNCT
cana-6029	49	2	k	k	X
cana-6029	49	3	(	(	PUNCT
cana-6029	49	4	2	2	NUM
cana-6029	49	5	)	)	PUNCT
cana-6029	49	6	where	where	SCONJ
cana-6029	49	7	st	st	PROPN
cana-6029	49	8	represents	represent	VERB
cana-6029	49	9	the	the	DET
cana-6029	49	10	hidden	hide	VERB
cana-6029	49	11	regime	regime	NOUN
cana-6029	49	12	at	at	ADP
cana-6029	49	13	time	time	NOUN
cana-6029	49	14	t	t	PROPN
cana-6029	49	15	,	,	PUNCT
cana-6029	49	16	and	and	CCONJ
cana-6029	49	17	k	k	PROPN
cana-6029	49	18	is	be	AUX
cana-6029	49	19	the	the	DET
cana-6029	49	20	total	total	ADJ
cana-6029	49	21	number	number	NOUN
cana-6029	49	22	of	of	ADP
cana-6029	49	23	hidden	hidden	ADJ
cana-6029	49	24	states	state	NOUN
cana-6029	49	25	.	.	PUNCT
cana-6029	50	1	2	2	X
cana-6029	50	2	)	)	PUNCT
cana-6029	50	3	state	state	NOUN
cana-6029	50	4	transition	transition	NOUN
cana-6029	50	5	probabilities	probability	NOUN
cana-6029	50	6	:	:	PUNCT
cana-6029	50	7	(	(	PUNCT
cana-6029	50	8	3	3	X
cana-6029	50	9	)	)	PUNCT
cana-6029	50	10	communications	communication	NOUN
cana-6029	50	11	on	on	ADP
cana-6029	50	12	applied	apply	VERB
cana-6029	50	13	nonlinear	nonlinear	ADJ
cana-6029	50	14	analysis	analysis	NOUN
cana-6029	50	15	issn	issn	NOUN
cana-6029	50	16	:	:	PUNCT
cana-6029	50	17	1074	1074	NUM
cana-6029	50	18	-	-	PUNCT
cana-6029	50	19	133x	133x	NUM
cana-6029	50	20	vol	vol	NOUN
cana-6029	50	21	32	32	NUM
cana-6029	51	1	no	no	NOUN
cana-6029	51	2	.	.	PUNCT
cana-6029	52	1	9s	9s	NUM
cana-6029	52	2	(	(	PUNCT
cana-6029	52	3	2025	2025	NUM
cana-6029	52	4	)	)	PUNCT
cana-6029	53	1	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	53	2	3244	3244	NUM
cana-6029	54	1	j	j	PROPN
cana-6029	54	2	j	j	NOUN
cana-6029	54	3	which	which	PRON
cana-6029	54	4	define	define	VERB
cana-6029	54	5	how	how	SCONJ
cana-6029	54	6	likely	likely	ADV
cana-6029	54	7	the	the	DET
cana-6029	54	8	market	market	NOUN
cana-6029	54	9	is	be	AUX
cana-6029	54	10	to	to	PART
cana-6029	54	11	switch	switch	VERB
cana-6029	54	12	from	from	ADP
cana-6029	54	13	regime	regime	NOUN
cana-6029	54	14	i	i	PRON
cana-6029	54	15	to	to	PART
cana-6029	54	16	regime	regime	VERB
cana-6029	54	17	j.	j.	PROPN
cana-6029	54	18	3	3	NUM
cana-6029	54	19	)	)	PUNCT
cana-6029	54	20	emission	emission	NOUN
cana-6029	54	21	(	(	PUNCT
cana-6029	54	22	observation	observation	NOUN
cana-6029	54	23	)	)	PUNCT
cana-6029	54	24	probabilities	probability	NOUN
cana-6029	54	25	:	:	PUNCT
cana-6029	54	26	each	each	DET
cana-6029	54	27	state	state	NOUN
cana-6029	54	28	j	j	PROPN
cana-6029	54	29	generates	generate	VERB
cana-6029	54	30	observed	observed	ADJ
cana-6029	54	31	returns	return	NOUN
cana-6029	54	32	rt	rt	INTJ
cana-6029	54	33	according	accord	VERB
cana-6029	54	34	to	to	ADP
cana-6029	54	35	a	a	DET
cana-6029	54	36	gaussian	gaussian	ADJ
cana-6029	54	37	distribution	distribution	NOUN
cana-6029	54	38	:	:	PUNCT
cana-6029	55	1	rt	rt	PROPN
cana-6029	55	2	|	|	ADV
cana-6029	55	3	st	st	PROPN
cana-6029	56	1	=	=	SYM
cana-6029	56	2	j	j	PROPN
cana-6029	56	3	∼	∼	NOUN
cana-6029	56	4	n	n	CCONJ
cana-6029	56	5	(	(	PUNCT
cana-6029	56	6	µj	µj	PROPN
cana-6029	56	7	,	,	PUNCT
cana-6029	56	8	σ	σ	PROPN
cana-6029	56	9	2	2	NUM
cana-6029	56	10	)	)	PUNCT
cana-6029	56	11	(	(	PUNCT
cana-6029	56	12	4	4	X
cana-6029	56	13	)	)	PUNCT
cana-6029	56	14	where	where	SCONJ
cana-6029	56	15	µj	µj	PROPN
cana-6029	56	16	and	and	CCONJ
cana-6029	56	17	σ2	σ2	PROPN
cana-6029	56	18	are	be	AUX
cana-6029	56	19	the	the	DET
cana-6029	56	20	mean	mean	NOUN
cana-6029	56	21	and	and	CCONJ
cana-6029	56	22	variance	variance	NOUN
cana-6029	56	23	of	of	ADP
cana-6029	56	24	returns	return	NOUN
cana-6029	56	25	in	in	ADP
cana-6029	56	26	regime	regime	NOUN
cana-6029	56	27	j.	j.	PROPN
cana-6029	56	28	the	the	DET
cana-6029	56	29	joint	joint	ADJ
cana-6029	56	30	probability	probability	NOUN
cana-6029	56	31	of	of	ADP
cana-6029	56	32	observing	observe	VERB
cana-6029	56	33	a	a	DET
cana-6029	56	34	sequence	sequence	NOUN
cana-6029	56	35	of	of	ADP
cana-6029	56	36	returns	return	NOUN
cana-6029	56	37	r	r	NOUN
cana-6029	56	38	=	=	PUNCT
cana-6029	56	39	(	(	PUNCT
cana-6029	56	40	r1	r1	PROPN
cana-6029	56	41	,	,	PUNCT
cana-6029	56	42	r2	r2	PROPN
cana-6029	56	43	,	,	PUNCT
cana-6029	56	44	.	.	PUNCT
cana-6029	56	45	.	.	PUNCT
cana-6029	57	1	.	.	PUNCT
cana-6029	58	1	,	,	PUNCT
cana-6029	58	2	rt	rt	PROPN
cana-6029	58	3	)	)	PUNCT
cana-6029	58	4	and	and	CCONJ
cana-6029	58	5	hidden	hide	VERB
cana-6029	58	6	states	state	NOUN
cana-6029	58	7	s	s	PART
cana-6029	58	8	=	=	PUNCT
cana-6029	58	9	(	(	PUNCT
cana-6029	58	10	s1	s1	PROPN
cana-6029	58	11	,	,	PUNCT
cana-6029	58	12	s2	s2	NOUN
cana-6029	58	13	,	,	PUNCT
cana-6029	58	14	.	.	PUNCT
cana-6029	58	15	.	.	PUNCT
cana-6029	58	16	.	.	PUNCT
cana-6029	59	1	,	,	PUNCT
cana-6029	59	2	st	st	PROPN
cana-6029	59	3	)	)	PUNCT
cana-6029	59	4	can	can	AUX
cana-6029	59	5	be	be	AUX
cana-6029	59	6	written	write	VERB
cana-6029	59	7	as	as	ADP
cana-6029	59	8	:	:	PUNCT
cana-6029	59	9	(	(	PUNCT
cana-6029	59	10	5	5	NUM
cana-6029	59	11	)	)	PUNCT
cana-6029	59	12	to	to	PART
cana-6029	59	13	estimate	estimate	VERB
cana-6029	59	14	the	the	DET
cana-6029	59	15	parameters	parameter	NOUN
cana-6029	59	16	θ	θ	X
cana-6029	59	17	=	=	SYM
cana-6029	59	18	(	(	PUNCT
cana-6029	59	19	π	π	PROPN
cana-6029	59	20	,	,	PUNCT
cana-6029	59	21	a	a	DET
cana-6029	59	22	,	,	PUNCT
cana-6029	59	23	µj	µj	PROPN
cana-6029	59	24	,	,	PUNCT
cana-6029	59	25	σ	σ	PROPN
cana-6029	59	26	2	2	NUM
cana-6029	59	27	)	)	PUNCT
cana-6029	59	28	,	,	PUNCT
cana-6029	59	29	we	we	PRON
cana-6029	59	30	used	use	VERB
cana-6029	59	31	the	the	DET
cana-6029	59	32	expectation	expectation	NOUN
cana-6029	59	33	-	-	PUNCT
cana-6029	59	34	maximization	maximization	NOUN
cana-6029	59	35	(	(	PUNCT
cana-6029	59	36	em	em	PRON
cana-6029	59	37	)	)	PUNCT
cana-6029	59	38	algorithm	algorithm	NOUN
cana-6029	59	39	,	,	PUNCT
cana-6029	59	40	also	also	ADV
cana-6029	59	41	known	know	VERB
cana-6029	59	42	as	as	ADP
cana-6029	59	43	the	the	DET
cana-6029	59	44	baum	baum	PROPN
cana-6029	59	45	-	-	PUNCT
cana-6029	59	46	welch	welch	PROPN
cana-6029	59	47	algorithm	algorithm	NOUN
cana-6029	59	48	,	,	PUNCT
cana-6029	59	49	which	which	PRON
cana-6029	59	50	maximizes	maximize	VERB
cana-6029	59	51	the	the	DET
cana-6029	59	52	likelihood	likelihood	NOUN
cana-6029	59	53	of	of	ADP
cana-6029	59	54	the	the	DET
cana-6029	59	55	observed	observed	ADJ
cana-6029	59	56	data	datum	NOUN
cana-6029	59	57	:	:	PUNCT
cana-6029	59	58	(	(	PUNCT
cana-6029	59	59	6	6	X
cana-6029	59	60	)	)	PUNCT
cana-6029	59	61	the	the	DET
cana-6029	59	62	hidden	hide	VERB
cana-6029	59	63	markov	markov	NOUN
cana-6029	59	64	model	model	NOUN
cana-6029	59	65	not	not	PART
cana-6029	59	66	only	only	ADV
cana-6029	59	67	identifies	identify	VERB
cana-6029	59	68	the	the	DET
cana-6029	59	69	most	most	ADV
cana-6029	59	70	likely	likely	ADJ
cana-6029	59	71	market	market	NOUN
cana-6029	59	72	regime	regime	NOUN
cana-6029	59	73	at	at	ADP
cana-6029	59	74	each	each	DET
cana-6029	59	75	point	point	NOUN
cana-6029	59	76	in	in	ADP
cana-6029	59	77	time	time	NOUN
cana-6029	59	78	but	but	CCONJ
cana-6029	59	79	also	also	ADV
cana-6029	59	80	provides	provide	VERB
cana-6029	59	81	the	the	DET
cana-6029	59	82	regime	regime	NOUN
cana-6029	59	83	specific	specific	ADJ
cana-6029	59	84	parameters	parameter	NOUN
cana-6029	59	85	,	,	PUNCT
cana-6029	59	86	namely	namely	ADV
cana-6029	59	87	the	the	DET
cana-6029	59	88	mean	mean	ADJ
cana-6029	59	89	return	return	NOUN
cana-6029	59	90	µj	µj	INTJ
cana-6029	59	91	and	and	CCONJ
cana-6029	59	92	volatility	volatility	NOUN
cana-6029	59	93	σj	σj	VERB
cana-6029	59	94	.	.	PUNCT
cana-6029	60	1	these	these	DET
cana-6029	60	2	parameters	parameter	NOUN
cana-6029	60	3	are	be	AUX
cana-6029	60	4	then	then	ADV
cana-6029	60	5	used	use	VERB
cana-6029	60	6	as	as	ADP
cana-6029	60	7	inputs	input	NOUN
cana-6029	60	8	to	to	ADP
cana-6029	60	9	the	the	DET
cana-6029	60	10	monte	monte	PROPN
cana-6029	60	11	carlo	carlo	PROPN
cana-6029	60	12	simulation	simulation	PROPN
cana-6029	60	13	.	.	PUNCT
cana-6029	61	1	in	in	ADP
cana-6029	61	2	particular	particular	ADJ
cana-6029	61	3	,	,	PUNCT
cana-6029	61	4	the	the	DET
cana-6029	61	5	drift	drift	NOUN
cana-6029	61	6	and	and	CCONJ
cana-6029	61	7	diffusion	diffusion	NOUN
cana-6029	61	8	terms	term	NOUN
cana-6029	61	9	of	of	ADP
cana-6029	61	10	the	the	DET
cana-6029	61	11	geometric	geometric	ADJ
cana-6029	61	12	brownian	brownian	ADJ
cana-6029	61	13	motion	motion	NOUN
cana-6029	61	14	are	be	AUX
cana-6029	61	15	set	set	VERB
cana-6029	61	16	to	to	ADP
cana-6029	61	17	the	the	DET
cana-6029	61	18	values	value	NOUN
cana-6029	61	19	estimated	estimate	VERB
cana-6029	61	20	from	from	ADP
cana-6029	61	21	the	the	DET
cana-6029	61	22	current	current	ADJ
cana-6029	61	23	regime	regime	NOUN
cana-6029	61	24	,	,	PUNCT
cana-6029	61	25	ensuring	ensure	VERB
cana-6029	61	26	that	that	SCONJ
cana-6029	61	27	simulated	simulate	VERB
cana-6029	61	28	price	price	NOUN
cana-6029	61	29	paths	path	NOUN
cana-6029	61	30	are	be	AUX
cana-6029	61	31	consistent	consistent	ADJ
cana-6029	61	32	with	with	ADP
cana-6029	61	33	the	the	DET
cana-6029	61	34	statistical	statistical	ADJ
cana-6029	61	35	characteristics	characteristic	NOUN
cana-6029	61	36	of	of	ADP
cana-6029	61	37	that	that	DET
cana-6029	61	38	regime	regime	NOUN
cana-6029	61	39	.	.	PUNCT
cana-6029	62	1	thus	thus	ADV
cana-6029	62	2	,	,	PUNCT
cana-6029	62	3	the	the	DET
cana-6029	62	4	hmm	hmm	NOUN
cana-6029	62	5	serves	serve	VERB
cana-6029	62	6	as	as	ADP
cana-6029	62	7	a	a	DET
cana-6029	62	8	regime	regime	NOUN
cana-6029	62	9	aware	aware	ADJ
cana-6029	62	10	parameter	parameter	PROPN
cana-6029	62	11	generator	generator	PROPN
cana-6029	62	12	,	,	PUNCT
cana-6029	62	13	while	while	SCONJ
cana-6029	62	14	the	the	DET
cana-6029	62	15	monte	monte	PROPN
cana-6029	62	16	carlo	carlo	PROPN
cana-6029	62	17	step	step	NOUN
cana-6029	62	18	translates	translate	VERB
cana-6029	62	19	these	these	DET
cana-6029	62	20	parameters	parameter	NOUN
cana-6029	62	21	into	into	ADP
cana-6029	62	22	forward	forward	ADV
cana-6029	62	23	looking	look	VERB
cana-6029	62	24	distributions	distribution	NOUN
cana-6029	62	25	of	of	ADP
cana-6029	62	26	possible	possible	ADJ
cana-6029	62	27	prices	price	NOUN
cana-6029	62	28	.	.	PUNCT
cana-6029	63	1	in	in	ADP
cana-6029	63	2	our	our	PRON
cana-6029	63	3	study	study	NOUN
cana-6029	63	4	,	,	PUNCT
cana-6029	63	5	we	we	PRON
cana-6029	63	6	trained	train	VERB
cana-6029	63	7	a	a	DET
cana-6029	63	8	gaussian	gaussian	ADJ
cana-6029	63	9	hmm	hmm	INTJ
cana-6029	63	10	with	with	ADP
cana-6029	63	11	two	two	NUM
cana-6029	63	12	hidden	hide	VERB
cana-6029	63	13	states	state	NOUN
cana-6029	63	14	on	on	ADP
cana-6029	63	15	daily	daily	ADJ
cana-6029	63	16	log	log	NOUN
cana-6029	63	17	returns	return	NOUN
cana-6029	63	18	of	of	ADP
cana-6029	63	19	the	the	DET
cana-6029	63	20	nifty	nifty	ADJ
cana-6029	63	21	50	50	NUM
cana-6029	63	22	index	index	NOUN
cana-6029	63	23	.	.	PUNCT
cana-6029	64	1	the	the	DET
cana-6029	64	2	log	log	NOUN
cana-6029	64	3	-	-	PUNCT
cana-6029	64	4	likelihood	likelihood	NOUN
cana-6029	64	5	of	of	ADP
cana-6029	64	6	the	the	DET
cana-6029	64	7	fitted	fit	VERB
cana-6029	64	8	model	model	NOUN
cana-6029	64	9	was	be	AUX
cana-6029	64	10	5659.65	5659.65	NUM
cana-6029	64	11	,	,	PUNCT
cana-6029	64	12	indicating	indicate	VERB
cana-6029	64	13	a	a	DET
cana-6029	64	14	good	good	ADJ
cana-6029	64	15	statistical	statistical	ADJ
cana-6029	64	16	fit	fit	NOUN
cana-6029	64	17	.	.	PUNCT
cana-6029	65	1	these	these	DET
cana-6029	65	2	hidden	hide	VERB
cana-6029	65	3	states	state	NOUN
cana-6029	65	4	were	be	AUX
cana-6029	65	5	later	later	ADV
cana-6029	65	6	interpreted	interpret	VERB
cana-6029	65	7	as	as	ADP
cana-6029	65	8	distinct	distinct	ADJ
cana-6029	65	9	market	market	NOUN
cana-6029	65	10	regimes	regime	NOUN
cana-6029	65	11	typically	typically	ADV
cana-6029	65	12	resembling	resemble	VERB
cana-6029	65	13	bullish	bullish	ADJ
cana-6029	65	14	,	,	PUNCT
cana-6029	65	15	bearish	bearish	NOUN
cana-6029	65	16	-	-	PUNCT
cana-6029	65	17	which	which	PRON
cana-6029	65	18	form	form	VERB
cana-6029	65	19	the	the	DET
cana-6029	65	20	basis	basis	NOUN
cana-6029	65	21	for	for	ADP
cana-6029	65	22	regime	regime	NOUN
cana-6029	65	23	aware	aware	ADJ
cana-6029	65	24	forecasting	forecasting	NOUN
cana-6029	65	25	in	in	ADP
cana-6029	65	26	the	the	DET
cana-6029	65	27	subsequent	subsequent	ADJ
cana-6029	65	28	monte	monte	PROPN
cana-6029	65	29	carlo	carlo	PROPN
cana-6029	65	30	simulation	simulation	PROPN
cana-6029	65	31	step	step	NOUN
cana-6029	65	32	.	.	PUNCT
cana-6029	66	1	c.	c.	PROPN
cana-6029	66	2	monte	monte	PROPN
cana-6029	66	3	carlo	carlo	PROPN
cana-6029	66	4	forecasting	forecasting	NOUN
cana-6029	66	5	upon	upon	SCONJ
cana-6029	66	6	determining	determine	VERB
cana-6029	66	7	the	the	DET
cana-6029	66	8	current	current	ADJ
cana-6029	66	9	market	market	NOUN
cana-6029	66	10	regime	regime	NOUN
cana-6029	66	11	,	,	PUNCT
cana-6029	66	12	we	we	PRON
cana-6029	66	13	simulate	simulate	VERB
cana-6029	66	14	1,000	1,000	NUM
cana-6029	66	15	future	future	ADJ
cana-6029	66	16	5	5	NUM
cana-6029	66	17	day	day	NOUN
cana-6029	66	18	price	price	NOUN
cana-6029	66	19	paths	path	NOUN
cana-6029	66	20	using	use	VERB
cana-6029	66	21	geometric	geometric	ADJ
cana-6029	66	22	brownian	brownian	ADJ
cana-6029	66	23	motion	motion	NOUN
cana-6029	66	24	(	(	PUNCT
cana-6029	66	25	gbm	gbm	NOUN
cana-6029	66	26	)	)	PUNCT
cana-6029	66	27	.	.	PUNCT
cana-6029	67	1	the	the	DET
cana-6029	67	2	drift	drift	NOUN
cana-6029	67	3	(	(	PUNCT
cana-6029	67	4	µ	µ	NOUN
cana-6029	67	5	)	)	PUNCT
cana-6029	67	6	and	and	CCONJ
cana-6029	67	7	volatility	volatility	NOUN
cana-6029	67	8	(	(	PUNCT
cana-6029	67	9	σ	σ	NOUN
cana-6029	67	10	)	)	PUNCT
cana-6029	67	11	parameters	parameter	NOUN
cana-6029	67	12	are	be	AUX
cana-6029	67	13	dynamically	dynamically	ADV
cana-6029	67	14	set	set	VERB
cana-6029	67	15	based	base	VERB
cana-6029	67	16	on	on	ADP
cana-6029	67	17	the	the	DET
cana-6029	67	18	identified	identify	VERB
cana-6029	67	19	hmm	hmm	NOUN
cana-6029	67	20	regime	regime	NOUN
cana-6029	67	21	.	.	PUNCT
cana-6029	68	1	the	the	DET
cana-6029	68	2	discrete	discrete	ADJ
cana-6029	68	3	-	-	PUNCT
cana-6029	68	4	time	time	NOUN
cana-6029	68	5	simulation	simulation	NOUN
cana-6029	68	6	is	be	AUX
cana-6029	68	7	:	:	PUNCT
cana-6029	68	8	(	(	PUNCT
cana-6029	68	9	7	7	X
cana-6029	68	10	)	)	PUNCT
cana-6029	68	11	where	where	SCONJ
cana-6029	68	12	z	z	NOUN
cana-6029	68	13	is	be	AUX
cana-6029	68	14	a	a	DET
cana-6029	68	15	standard	standard	ADJ
cana-6029	68	16	normal	normal	ADJ
cana-6029	68	17	random	random	ADJ
cana-6029	68	18	variable	variable	NOUN
cana-6029	68	19	.	.	PUNCT
cana-6029	69	1	from	from	ADP
cana-6029	69	2	this	this	DET
cana-6029	69	3	distribution	distribution	NOUN
cana-6029	69	4	,	,	PUNCT
cana-6029	69	5	the	the	DET
cana-6029	69	6	25th	25th	ADJ
cana-6029	69	7	percentile	percentile	NOUN
cana-6029	69	8	(	(	PUNCT
cana-6029	69	9	p25	p25	PROPN
cana-6029	69	10	)	)	PUNCT
cana-6029	69	11	and	and	CCONJ
cana-6029	69	12	75th	75th	ADJ
cana-6029	69	13	percentile	percentile	ADJ
cana-6029	69	14	(	(	PUNCT
cana-6029	69	15	p75	p75	ADJ
cana-6029	69	16	)	)	PUNCT
cana-6029	69	17	are	be	AUX
cana-6029	69	18	computed	compute	VERB
cana-6029	69	19	.	.	PUNCT
cana-6029	70	1	d.	d.	PROPN
cana-6029	70	2	signal	signal	PROPN
cana-6029	70	3	generation	generation	NOUN
cana-6029	70	4	trading	trading	NOUN
cana-6029	70	5	signals	signal	NOUN
cana-6029	70	6	are	be	AUX
cana-6029	70	7	generated	generate	VERB
cana-6029	70	8	daily	daily	ADV
cana-6029	70	9	based	base	VERB
cana-6029	70	10	on	on	ADP
cana-6029	70	11	the	the	DET
cana-6029	70	12	current	current	ADJ
cana-6029	70	13	price	price	NOUN
cana-6029	70	14	compared	compare	VERB
cana-6029	70	15	to	to	ADP
cana-6029	70	16	the	the	DET
cana-6029	70	17	forecasted	forecast	VERB
cana-6029	70	18	p25	p25	NOUN
cana-6029	70	19	and	and	CCONJ
cana-6029	70	20	p75	p75	ADJ
cana-6029	70	21	values	value	NOUN
cana-6029	70	22	.	.	PUNCT
cana-6029	71	1	buy	buy	VERB
cana-6029	71	2	signals	signal	NOUN
cana-6029	71	3	are	be	AUX
cana-6029	71	4	generated	generate	VERB
cana-6029	71	5	if	if	SCONJ
cana-6029	71	6	the	the	DET
cana-6029	71	7	current	current	ADJ
cana-6029	71	8	price	price	NOUN
cana-6029	71	9	is	be	AUX
cana-6029	71	10	below	below	ADP
cana-6029	71	11	p25	p25	NOUN
cana-6029	71	12	,	,	PUNCT
cana-6029	71	13	sell	sell	VERB
cana-6029	71	14	signals	signal	NOUN
cana-6029	71	15	if	if	SCONJ
cana-6029	71	16	above	above	ADP
cana-6029	71	17	p75	p75	ADJ
cana-6029	71	18	,	,	PUNCT
cana-6029	71	19	and	and	CCONJ
cana-6029	71	20	hold	hold	VERB
cana-6029	71	21	signals	signal	NOUN
cana-6029	71	22	if	if	SCONJ
cana-6029	71	23	the	the	DET
cana-6029	71	24	price	price	NOUN
cana-6029	71	25	is	be	AUX
cana-6029	71	26	between	between	ADP
cana-6029	71	27	the	the	DET
cana-6029	71	28	two	two	NUM
cana-6029	71	29	percentiles	percentile	NOUN
cana-6029	71	30	.	.	PUNCT
cana-6029	72	1	e.	e.	PROPN
cana-6029	72	2	methodology	methodology	PROPN
cana-6029	72	3	pipeline	pipeline	PROPN
cana-6029	72	4	(	(	PUNCT
cana-6029	72	5	hmm	hmm	INTJ
cana-6029	72	6	+	+	CCONJ
cana-6029	72	7	monte	monte	PROPN
cana-6029	72	8	carlo	carlo	PROPN
cana-6029	72	9	)	)	PUNCT
cana-6029	72	10	the	the	DET
cana-6029	72	11	pipeline	pipeline	NOUN
cana-6029	72	12	shown	show	VERB
cana-6029	72	13	in	in	ADP
cana-6029	72	14	figure	figure	NOUN
cana-6029	72	15	1	1	NUM
cana-6029	72	16	is	be	AUX
cana-6029	72	17	summarized	summarize	VERB
cana-6029	72	18	stage	stage	NOUN
cana-6029	72	19	-	-	PUNCT
cana-6029	72	20	bystage	bystage	NOUN
cana-6029	72	21	below	below	ADP
cana-6029	72	22	:	:	PUNCT
cana-6029	72	23	•	•	NUM
cana-6029	72	24	data	data	PROPN
cana-6029	72	25	collection	collection	NOUN
cana-6029	72	26	&	&	CCONJ
cana-6029	72	27	preprocessing	preprocessing	NOUN
cana-6029	72	28	:	:	PUNCT
cana-6029	72	29	download	download	NOUN
cana-6029	72	30	adjusted	adjust	VERB
cana-6029	72	31	close	close	ADJ
cana-6029	72	32	prices	price	NOUN
cana-6029	72	33	and	and	CCONJ
cana-6029	72	34	compute	compute	NOUN
cana-6029	72	35	log	log	NOUN
cana-6029	72	36	returns	return	NOUN
cana-6029	72	37	;	;	PUNCT
cana-6029	72	38	handle	handle	VERB
cana-6029	72	39	missing	miss	VERB
cana-6029	72	40	values	value	NOUN
cana-6029	72	41	and	and	CCONJ
cana-6029	72	42	basic	basic	ADJ
cana-6029	72	43	cleaning	cleaning	NOUN
cana-6029	72	44	.	.	PUNCT
cana-6029	73	1	communications	communication	NOUN
cana-6029	73	2	on	on	ADP
cana-6029	73	3	applied	apply	VERB
cana-6029	73	4	nonlinear	nonlinear	ADJ
cana-6029	73	5	analysis	analysis	NOUN
cana-6029	73	6	issn	issn	NOUN
cana-6029	73	7	:	:	PUNCT
cana-6029	73	8	1074	1074	NUM
cana-6029	73	9	-	-	PUNCT
cana-6029	73	10	133x	133x	NUM
cana-6029	73	11	vol	vol	NOUN
cana-6029	73	12	32	32	NUM
cana-6029	73	13	no	no	NOUN
cana-6029	73	14	.	.	PUNCT
cana-6029	74	1	9s	9s	NUM
cana-6029	74	2	(	(	PUNCT
cana-6029	74	3	2025	2025	NUM
cana-6029	74	4	)	)	PUNCT
cana-6029	74	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	74	6	3245	3245	NUM
cana-6029	74	7	fig	fig	NOUN
cana-6029	74	8	.	.	PUNCT
cana-6029	75	1	1	1	NUM
cana-6029	75	2	.	.	X
cana-6029	75	3	methodological	methodological	ADJ
cana-6029	75	4	pipeline	pipeline	NOUN
cana-6029	75	5	for	for	ADP
cana-6029	75	6	the	the	DET
cana-6029	75	7	regime	regime	NOUN
cana-6029	75	8	-	-	PUNCT
cana-6029	75	9	aware	aware	ADJ
cana-6029	75	10	trading	trading	NOUN
cana-6029	75	11	strategy	strategy	NOUN
cana-6029	75	12	,	,	PUNCT
cana-6029	75	13	spanning	span	VERB
cana-6029	75	14	data	datum	NOUN
cana-6029	75	15	collection	collection	NOUN
cana-6029	75	16	,	,	PUNCT
cana-6029	75	17	regime	regime	NOUN
cana-6029	75	18	detection	detection	NOUN
cana-6029	75	19	,	,	PUNCT
cana-6029	75	20	monte	monte	PROPN
cana-6029	75	21	carlo	carlo	PROPN
cana-6029	75	22	forecasting	forecasting	PROPN
cana-6029	75	23	,	,	PUNCT
cana-6029	75	24	signal	signal	NOUN
cana-6029	75	25	generation	generation	NOUN
cana-6029	75	26	,	,	PUNCT
cana-6029	75	27	and	and	CCONJ
cana-6029	75	28	backtesting	backtesting	NOUN
cana-6029	75	29	.	.	PUNCT
cana-6029	76	1	•	•	NUM
cana-6029	76	2	hmm	hmm	INTJ
cana-6029	76	3	regime	regime	NOUN
cana-6029	76	4	detection	detection	NOUN
cana-6029	76	5	:	:	PUNCT
cana-6029	76	6	fit	fit	VERB
cana-6029	76	7	a	a	DET
cana-6029	76	8	gaussian	gaussian	ADJ
cana-6029	76	9	hidden	hide	VERB
cana-6029	76	10	markov	markov	NOUN
cana-6029	76	11	model	model	NOUN
cana-6029	76	12	to	to	ADP
cana-6029	76	13	returns	return	NOUN
cana-6029	76	14	,	,	PUNCT
cana-6029	76	15	infer	infer	VERB
cana-6029	76	16	hidden	hidden	ADJ
cana-6029	76	17	states	state	NOUN
cana-6029	76	18	and	and	CCONJ
cana-6029	76	19	regime	regime	NOUN
cana-6029	76	20	parameters	parameter	NOUN
cana-6029	76	21	(	(	PUNCT
cana-6029	76	22	means	mean	NOUN
cana-6029	76	23	,	,	PUNCT
cana-6029	76	24	covariances	covariance	NOUN
cana-6029	76	25	,	,	PUNCT
cana-6029	76	26	transition	transition	NOUN
cana-6029	76	27	matrix	matrix	NOUN
cana-6029	76	28	)	)	PUNCT
cana-6029	76	29	.	.	PUNCT
cana-6029	77	1	•	•	NUM
cana-6029	77	2	model	model	NOUN
cana-6029	77	3	evaluation	evaluation	NOUN
cana-6029	77	4	:	:	PUNCT
cana-6029	77	5	compute	compute	NOUN
cana-6029	77	6	log	log	NOUN
cana-6029	77	7	-	-	PUNCT
cana-6029	77	8	likelihood	likelihood	NOUN
cana-6029	77	9	,	,	PUNCT
cana-6029	77	10	per	per	ADP
cana-6029	77	11	regime	regime	NOUN
cana-6029	77	12	statistics	statistic	NOUN
cana-6029	77	13	(	(	PUNCT
cana-6029	77	14	mean	mean	VERB
cana-6029	77	15	,	,	PUNCT
cana-6029	77	16	std	std	NOUN
cana-6029	77	17	,	,	PUNCT
cana-6029	77	18	count	count	NOUN
cana-6029	77	19	)	)	PUNCT
cana-6029	77	20	and	and	CCONJ
cana-6029	77	21	visualize	visualize	VERB
cana-6029	77	22	transition	transition	NOUN
cana-6029	77	23	probabilities	probability	NOUN
cana-6029	77	24	to	to	PART
cana-6029	77	25	interpret	interpret	VERB
cana-6029	77	26	regime	regime	NOUN
cana-6029	77	27	persistence	persistence	NOUN
cana-6029	77	28	.	.	PUNCT
cana-6029	78	1	•	•	NUM
cana-6029	78	2	regime	regime	NOUN
cana-6029	78	3	-	-	PUNCT
cana-6029	78	4	conditioned	condition	VERB
cana-6029	78	5	monte	monte	PROPN
cana-6029	78	6	carlo	carlo	PROPN
cana-6029	78	7	forecasting	forecasting	NOUN
cana-6029	78	8	:	:	PUNCT
cana-6029	78	9	use	use	VERB
cana-6029	78	10	regime	regime	NOUN
cana-6029	78	11	specific	specific	ADJ
cana-6029	78	12	drift	drift	NOUN
cana-6029	78	13	and	and	CCONJ
cana-6029	78	14	volatility	volatility	NOUN
cana-6029	78	15	to	to	PART
cana-6029	78	16	run	run	VERB
cana-6029	78	17	gbm	gbm	NOUN
cana-6029	78	18	simulations	simulation	NOUN
cana-6029	78	19	(	(	PUNCT
cana-6029	78	20	1,000	1,000	NUM
cana-6029	78	21	paths	path	NOUN
cana-6029	78	22	,	,	PUNCT
cana-6029	78	23	5	5	NUM
cana-6029	78	24	-	-	PUNCT
cana-6029	78	25	day	day	NOUN
cana-6029	78	26	horizon	horizon	NOUN
cana-6029	78	27	)	)	PUNCT
cana-6029	78	28	,	,	PUNCT
cana-6029	78	29	apply	apply	VERB
cana-6029	78	30	variance	variance	NOUN
cana-6029	78	31	-	-	PUNCT
cana-6029	78	32	reduction	reduction	NOUN
cana-6029	78	33	/	/	SYM
cana-6029	78	34	reproducibility	reproducibility	NOUN
cana-6029	78	35	where	where	SCONJ
cana-6029	78	36	needed	need	VERB
cana-6029	78	37	,	,	PUNCT
cana-6029	78	38	and	and	CCONJ
cana-6029	78	39	compute	compute	NOUN
cana-6029	78	40	terminal	terminal	ADJ
cana-6029	78	41	percentiles	percentile	NOUN
cana-6029	78	42	(	(	PUNCT
cana-6029	78	43	p25	p25	NOUN
cana-6029	78	44	,	,	PUNCT
cana-6029	78	45	p75	p75	NOUN
cana-6029	78	46	)	)	PUNCT
cana-6029	78	47	.	.	PUNCT
cana-6029	79	1	•	•	NUM
cana-6029	79	2	signal	signal	NOUN
cana-6029	79	3	generation	generation	NOUN
cana-6029	79	4	produce	produce	VERB
cana-6029	79	5	buy	buy	VERB
cana-6029	79	6	/	/	SYM
cana-6029	79	7	hold	hold	VERB
cana-6029	79	8	/	/	SYM
cana-6029	79	9	sell	sell	VERB
cana-6029	79	10	by	by	ADP
cana-6029	79	11	comparing	compare	VERB
cana-6029	79	12	current	current	ADJ
cana-6029	79	13	price	price	NOUN
cana-6029	79	14	to	to	ADP
cana-6029	79	15	p25	p25	NOUN
cana-6029	79	16	/	/	SYM
cana-6029	79	17	p75	p75	NOUN
cana-6029	79	18	percentiles	percentile	NOUN
cana-6029	79	19	;	;	PUNCT
cana-6029	79	20	convert	convert	VERB
cana-6029	79	21	signals	signal	NOUN
cana-6029	79	22	to	to	ADP
cana-6029	79	23	tradable	tradable	ADJ
cana-6029	79	24	positions	position	NOUN
cana-6029	79	25	(	(	PUNCT
cana-6029	79	26	shifted	shift	VERB
cana-6029	79	27	to	to	ADP
cana-6029	79	28	next	next	ADJ
cana-6029	79	29	period	period	NOUN
cana-6029	79	30	to	to	PART
cana-6029	79	31	avoid	avoid	VERB
cana-6029	79	32	look	look	VERB
cana-6029	79	33	ahead	ahead	ADV
cana-6029	79	34	)	)	PUNCT
cana-6029	79	35	.	.	PUNCT
cana-6029	80	1	•	•	NUM
cana-6029	80	2	backtesting	backtesting	NOUN
cana-6029	80	3	&	&	CCONJ
cana-6029	80	4	execution	execution	NOUN
cana-6029	80	5	mechanics	mechanic	NOUN
cana-6029	80	6	:	:	PUNCT
cana-6029	80	7	apply	apply	VERB
cana-6029	80	8	shifted	shift	VERB
cana-6029	80	9	signals	signal	NOUN
cana-6029	80	10	to	to	ADP
cana-6029	80	11	returns	return	NOUN
cana-6029	80	12	,	,	PUNCT
cana-6029	80	13	include	include	VERB
cana-6029	80	14	transaction	transaction	NOUN
cana-6029	80	15	costs	cost	NOUN
cana-6029	80	16	/	/	SYM
cana-6029	80	17	slippage	slippage	NOUN
cana-6029	80	18	and	and	CCONJ
cana-6029	80	19	position	position	NOUN
cana-6029	80	20	sizing	sizing	NOUN
cana-6029	80	21	as	as	ADP
cana-6029	80	22	approprate	approprate	ADJ
cana-6029	80	23	;	;	PUNCT
cana-6029	80	24	compute	compute	NOUN
cana-6029	80	25	cumulative	cumulative	ADJ
cana-6029	80	26	strategy	strategy	NOUN
cana-6029	80	27	and	and	CCONJ
cana-6029	80	28	buy	buy	VERB
cana-6029	80	29	and	and	CCONJ
cana-6029	80	30	hold	hold	VERB
cana-6029	80	31	benchmarks	benchmark	NOUN
cana-6029	80	32	for	for	ADP
cana-6029	80	33	comparison	comparison	NOUN
cana-6029	80	34	.	.	PUNCT
cana-6029	81	1	•	•	NUM
cana-6029	81	2	performance	performance	NOUN
cana-6029	81	3	metrics	metric	NOUN
cana-6029	81	4	&	&	CCONJ
cana-6029	81	5	statistical	statistical	ADJ
cana-6029	81	6	validation	validation	NOUN
cana-6029	81	7	:	:	PUNCT
cana-6029	81	8	report	report	VERB
cana-6029	81	9	cumulative	cumulative	ADJ
cana-6029	81	10	/	/	SYM
cana-6029	81	11	annualized	annualize	VERB
cana-6029	81	12	return	return	NOUN
cana-6029	81	13	,	,	PUNCT
cana-6029	81	14	volatility	volatility	NOUN
cana-6029	81	15	,	,	PUNCT
cana-6029	81	16	sharpe	sharpe	PROPN
cana-6029	81	17	,	,	PUNCT
cana-6029	81	18	sortino	sortino	NOUN
cana-6029	81	19	,	,	PUNCT
cana-6029	81	20	maximum	maximum	ADJ
cana-6029	81	21	drawdown	drawdown	NOUN
cana-6029	81	22	,	,	PUNCT
cana-6029	81	23	calmar	calmar	PROPN
cana-6029	81	24	,	,	PUNCT
cana-6029	81	25	win	win	VERB
cana-6029	81	26	rate	rate	NOUN
cana-6029	81	27	and	and	CCONJ
cana-6029	81	28	(	(	PUNCT
cana-6029	81	29	optionally	optionally	NOUN
cana-6029	81	30	)	)	PUNCT
cana-6029	81	31	bootstrap	bootstrap	NOUN
cana-6029	81	32	confidence	confidence	NOUN
cana-6029	81	33	intervals	interval	NOUN
cana-6029	81	34	for	for	ADP
cana-6029	81	35	robustness	robustness	NOUN
cana-6029	81	36	.	.	PUNCT
cana-6029	82	1	•	•	NUM
cana-6029	82	2	visualization	visualization	NOUN
cana-6029	82	3	&	&	CCONJ
cana-6029	82	4	iteration	iteration	NOUN
cana-6029	82	5	:	:	PUNCT
cana-6029	82	6	produce	produce	VERB
cana-6029	82	7	monte	monte	PROPN
cana-6029	82	8	carlo	carlo	PROPN
cana-6029	82	9	fan	fan	PROPN
cana-6029	82	10	plots	plot	NOUN
cana-6029	82	11	,	,	PUNCT
cana-6029	82	12	cumulative	cumulative	ADJ
cana-6029	82	13	return	return	NOUN
cana-6029	82	14	curves	curve	NOUN
cana-6029	82	15	,	,	PUNCT
cana-6029	82	16	drawdown	drawdown	NOUN
cana-6029	82	17	plots	plot	NOUN
cana-6029	82	18	,	,	PUNCT
cana-6029	82	19	return	return	VERB
cana-6029	82	20	histograms	histogram	NOUN
cana-6029	82	21	and	and	CCONJ
cana-6029	82	22	rolling	roll	VERB
cana-6029	82	23	sharpe	sharpe	NOUN
cana-6029	82	24	;	;	PUNCT
cana-6029	82	25	use	use	VERB
cana-6029	82	26	results	result	NOUN
cana-6029	82	27	to	to	PART
cana-6029	82	28	tune	tune	VERB
cana-6029	82	29	hmm	hmm	INTJ
cana-6029	82	30	components	component	NOUN
cana-6029	82	31	,	,	PUNCT
cana-6029	82	32	forecast	forecast	NOUN
cana-6029	82	33	horizon	horizon	PROPN
cana-6029	82	34	,	,	PUNCT
cana-6029	82	35	simulation	simulation	NOUN
cana-6029	82	36	size	size	NOUN
cana-6029	82	37	and	and	CCONJ
cana-6029	82	38	percentile	percentile	ADJ
cana-6029	82	39	thresholds	threshold	NOUN
cana-6029	82	40	in	in	ADP
cana-6029	82	41	an	an	DET
cana-6029	82	42	iterative	iterative	NOUN
cana-6029	82	43	optimization	optimization	NOUN
cana-6029	82	44	loop	loop	NOUN
cana-6029	82	45	.	.	PUNCT
cana-6029	83	1	communications	communication	NOUN
cana-6029	83	2	on	on	ADP
cana-6029	83	3	applied	apply	VERB
cana-6029	83	4	nonlinear	nonlinear	ADJ
cana-6029	83	5	analysis	analysis	NOUN
cana-6029	83	6	issn	issn	NOUN
cana-6029	83	7	:	:	PUNCT
cana-6029	83	8	1074	1074	NUM
cana-6029	83	9	-	-	PUNCT
cana-6029	83	10	133x	133x	NUM
cana-6029	83	11	vol	vol	NOUN
cana-6029	83	12	32	32	NUM
cana-6029	83	13	no	no	NOUN
cana-6029	83	14	.	.	PUNCT
cana-6029	84	1	9s	9s	NUM
cana-6029	84	2	(	(	PUNCT
cana-6029	84	3	2025	2025	NUM
cana-6029	84	4	)	)	PUNCT
cana-6029	84	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	84	6	3246	3246	NUM
cana-6029	84	7	iv	iv	NUM
cana-6029	84	8	.	.	PROPN
cana-6029	84	9	results	result	VERB
cana-6029	84	10	fig	fig	NOUN
cana-6029	84	11	.	.	PUNCT
cana-6029	85	1	2	2	X
cana-6029	85	2	.	.	X
cana-6029	85	3	regime	regime	NOUN
cana-6029	85	4	transition	transition	NOUN
cana-6029	85	5	probability	probability	NOUN
cana-6029	85	6	matrix	matrix	NOUN
cana-6029	85	7	.	.	PUNCT
cana-6029	86	1	a.	a.	NOUN
cana-6029	86	2	regime	regime	NOUN
cana-6029	86	3	analysis	analysis	NOUN
cana-6029	86	4	the	the	DET
cana-6029	86	5	hmm	hmm	NOUN
cana-6029	86	6	identified	identify	VERB
cana-6029	86	7	two	two	NUM
cana-6029	86	8	distinct	distinct	ADJ
cana-6029	86	9	market	market	NOUN
cana-6029	86	10	regimes	regime	NOUN
cana-6029	86	11	,	,	PUNCT
cana-6029	86	12	with	with	ADP
cana-6029	86	13	statistics	statistic	NOUN
cana-6029	86	14	summarized	summarize	VERB
cana-6029	86	15	in	in	ADP
cana-6029	86	16	table	table	NOUN
cana-6029	86	17	i.	i.	NOUN
cana-6029	86	18	the	the	DET
cana-6029	86	19	heatmap	heatmap	NOUN
cana-6029	86	20	in	in	ADP
cana-6029	86	21	figure	figure	NOUN
cana-6029	86	22	2	2	NUM
cana-6029	86	23	shows	show	VERB
cana-6029	86	24	the	the	DET
cana-6029	86	25	probabilities	probability	NOUN
cana-6029	86	26	of	of	ADP
cana-6029	86	27	transitioning	transition	VERB
cana-6029	86	28	between	between	ADP
cana-6029	86	29	these	these	DET
cana-6029	86	30	identified	identify	VERB
cana-6029	86	31	market	market	NOUN
cana-6029	86	32	states	state	NOUN
cana-6029	86	33	.	.	PUNCT
cana-6029	87	1	this	this	DET
cana-6029	87	2	matrix	matrix	NOUN
cana-6029	87	3	helps	help	VERB
cana-6029	87	4	in	in	ADP
cana-6029	87	5	understanding	understand	VERB
cana-6029	87	6	the	the	DET
cana-6029	87	7	persistence	persistence	NOUN
cana-6029	87	8	of	of	ADP
cana-6029	87	9	these	these	DET
cana-6029	87	10	regimes	regime	NOUN
cana-6029	87	11	and	and	CCONJ
cana-6029	87	12	the	the	DET
cana-6029	87	13	likelihood	likelihood	NOUN
cana-6029	87	14	of	of	ADP
cana-6029	87	15	shifts	shift	NOUN
cana-6029	87	16	.	.	PUNCT
cana-6029	88	1	for	for	ADP
cana-6029	88	2	instance	instance	NOUN
cana-6029	88	3	,	,	PUNCT
cana-6029	88	4	high	high	ADJ
cana-6029	88	5	diagonal	diagonal	ADJ
cana-6029	88	6	values	value	NOUN
cana-6029	88	7	show	show	VERB
cana-6029	88	8	that	that	SCONJ
cana-6029	88	9	a	a	DET
cana-6029	88	10	regime	regime	NOUN
cana-6029	88	11	is	be	AUX
cana-6029	88	12	stable	stable	ADJ
cana-6029	88	13	,	,	PUNCT
cana-6029	88	14	while	while	SCONJ
cana-6029	88	15	non	non	ADJ
cana-6029	88	16	zero	zero	NUM
cana-6029	88	17	off	off	ADP
cana-6029	88	18	diagonal	diagonal	ADJ
cana-6029	88	19	values	value	NOUN
cana-6029	88	20	indicate	indicate	VERB
cana-6029	88	21	that	that	SCONJ
cana-6029	88	22	market	market	NOUN
cana-6029	88	23	behavior	behavior	NOUN
cana-6029	88	24	can	can	AUX
cana-6029	88	25	change	change	VERB
cana-6029	88	26	quickly	quickly	ADV
cana-6029	88	27	.	.	PUNCT
cana-6029	89	1	table	table	NOUN
cana-6029	89	2	i	i	PRON
cana-6029	89	3	regime	regime	NOUN
cana-6029	89	4	statistics	statistic	NOUN
cana-6029	89	5	regime	regime	NOUN
cana-6029	89	6	mean	mean	VERB
cana-6029	89	7	std	std	PUNCT
cana-6029	89	8	count	count	VERB
cana-6029	89	9	0	0	NUM
cana-6029	89	10	-0.000898	-0.000898	NOUN
cana-6029	89	11	0.035669	0.035669	NUM
cana-6029	89	12	87	87	NUM
cana-6029	89	13	1	1	NUM
cana-6029	89	14	0.000548	0.000548	NUM
cana-6029	89	15	0.008102	0.008102	NUM
cana-6029	89	16	1634	1634	NUM
cana-6029	89	17	2	2	NUM
cana-6029	89	18	-0.009450	-0.009450	NOUN
cana-6029	89	19	0.017500	0.017500	NUM
cana-6029	89	20	19	19	NUM
cana-6029	89	21	b.	b.	PROPN
cana-6029	89	22	signal	signal	PROPN
cana-6029	89	23	forecasting	forecasting	NOUN
cana-6029	89	24	and	and	CCONJ
cana-6029	89	25	backtesting	backtesting	NOUN
cana-6029	89	26	figure	figure	NOUN
cana-6029	89	27	3	3	NUM
cana-6029	89	28	shows	show	VERB
cana-6029	89	29	an	an	DET
cana-6029	89	30	example	example	NOUN
cana-6029	89	31	of	of	ADP
cana-6029	89	32	the	the	DET
cana-6029	89	33	1,000	1,000	NUM
cana-6029	89	34	monte	monte	PROPN
cana-6029	89	35	carlo	carlo	PROPN
cana-6029	89	36	simulated	simulate	VERB
cana-6029	89	37	price	price	NOUN
cana-6029	89	38	paths	path	NOUN
cana-6029	89	39	,	,	PUNCT
cana-6029	89	40	which	which	PRON
cana-6029	89	41	form	form	VERB
cana-6029	89	42	the	the	DET
cana-6029	89	43	basis	basis	NOUN
cana-6029	89	44	for	for	ADP
cana-6029	89	45	signal	signal	ADJ
cana-6029	89	46	generation	generation	NOUN
cana-6029	89	47	.	.	PUNCT
cana-6029	90	1	the	the	DET
cana-6029	90	2	backtesting	backtesting	NOUN
cana-6029	90	3	results	result	NOUN
cana-6029	90	4	are	be	AUX
cana-6029	90	5	summarized	summarize	VERB
cana-6029	90	6	in	in	ADP
cana-6029	90	7	table	table	NOUN
cana-6029	90	8	ii	ii	PROPN
cana-6029	90	9	.	.	PUNCT
cana-6029	90	10	figure	figure	NOUN
cana-6029	90	11	4	4	NUM
cana-6029	90	12	illustrates	illustrate	VERB
cana-6029	90	13	the	the	DET
cana-6029	90	14	cumulative	cumulative	ADJ
cana-6029	90	15	returns	return	NOUN
cana-6029	90	16	for	for	ADP
cana-6029	90	17	both	both	CCONJ
cana-6029	90	18	the	the	DET
cana-6029	90	19	strategy	strategy	NOUN
cana-6029	90	20	and	and	CCONJ
cana-6029	90	21	the	the	DET
cana-6029	90	22	buy	buy	VERB
cana-6029	90	23	-	-	PUNCT
cana-6029	90	24	and	and	CCONJ
cana-6029	90	25	-	-	PUNCT
cana-6029	90	26	hold	hold	NOUN
cana-6029	90	27	benchmark	benchmark	NOUN
cana-6029	90	28	,	,	PUNCT
cana-6029	90	29	clearly	clearly	ADV
cana-6029	90	30	showing	show	VERB
cana-6029	90	31	the	the	DET
cana-6029	90	32	strategy	strategy	NOUN
cana-6029	90	33	’s	’s	PART
cana-6029	90	34	smoother	smooth	ADJ
cana-6029	90	35	equity	equity	NOUN
cana-6029	90	36	curve	curve	NOUN
cana-6029	90	37	.	.	PUNCT
cana-6029	91	1	the	the	DET
cana-6029	91	2	drawdown	drawdown	ADJ
cana-6029	91	3	curve	curve	NOUN
cana-6029	91	4	(	(	PUNCT
cana-6029	91	5	figure	figure	NOUN
cana-6029	91	6	5	5	NUM
cana-6029	91	7	)	)	PUNCT
cana-6029	91	8	effectively	effectively	ADV
cana-6029	91	9	shows	show	VERB
cana-6029	91	10	how	how	SCONJ
cana-6029	91	11	the	the	DET
cana-6029	91	12	strategy	strategy	NOUN
cana-6029	91	13	mitigates	mitigate	VERB
cana-6029	91	14	large	large	ADJ
cana-6029	91	15	capital	capital	NOUN
cana-6029	91	16	drawdowns	drawdown	NOUN
cana-6029	91	17	.	.	PUNCT
cana-6029	92	1	figure	figure	VERB
cana-6029	92	2	6	6	NUM
cana-6029	92	3	presents	present	VERB
cana-6029	92	4	a	a	DET
cana-6029	92	5	histogram	histogram	NOUN
cana-6029	92	6	of	of	ADP
cana-6029	92	7	daily	daily	ADJ
cana-6029	92	8	strategy	strategy	NOUN
cana-6029	92	9	returns	return	NOUN
cana-6029	92	10	,	,	PUNCT
cana-6029	92	11	and	and	CCONJ
cana-6029	92	12	the	the	DET
cana-6029	92	13	rolling	rolling	ADJ
cana-6029	92	14	sharpe	sharpe	PROPN
cana-6029	92	15	ratio	ratio	NOUN
cana-6029	92	16	(	(	PUNCT
cana-6029	92	17	figure	figure	NOUN
cana-6029	92	18	7	7	NUM
cana-6029	92	19	)	)	PUNCT
cana-6029	92	20	further	further	ADJ
cana-6029	92	21	highlights	highlight	NOUN
cana-6029	92	22	the	the	DET
cana-6029	92	23	strategy	strategy	NOUN
cana-6029	92	24	’s	’s	PART
cana-6029	92	25	consistent	consistent	ADJ
cana-6029	92	26	risk	risk	NOUN
cana-6029	92	27	adjusted	adjust	VERB
cana-6029	92	28	performance	performance	NOUN
cana-6029	92	29	over	over	ADP
cana-6029	92	30	time	time	NOUN
cana-6029	92	31	.	.	PUNCT
cana-6029	93	1	communications	communication	NOUN
cana-6029	93	2	on	on	ADP
cana-6029	93	3	applied	apply	VERB
cana-6029	93	4	nonlinear	nonlinear	ADJ
cana-6029	93	5	analysis	analysis	NOUN
cana-6029	93	6	issn	issn	NOUN
cana-6029	93	7	:	:	PUNCT
cana-6029	93	8	1074	1074	NUM
cana-6029	93	9	-	-	PUNCT
cana-6029	93	10	133x	133x	NUM
cana-6029	93	11	vol	vol	NOUN
cana-6029	93	12	32	32	NUM
cana-6029	93	13	no	no	NOUN
cana-6029	93	14	.	.	PUNCT
cana-6029	94	1	9s	9s	NUM
cana-6029	94	2	(	(	PUNCT
cana-6029	94	3	2025	2025	NUM
cana-6029	94	4	)	)	PUNCT
cana-6029	94	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	94	6	3247	3247	NUM
cana-6029	94	7	fig	fig	NOUN
cana-6029	94	8	.	.	PUNCT
cana-6029	95	1	3	3	X
cana-6029	95	2	.	.	X
cana-6029	95	3	monte	monte	PROPN
cana-6029	95	4	carlo	carlo	PROPN
cana-6029	95	5	simulation	simulation	PROPN
cana-6029	95	6	showing	show	VERB
cana-6029	95	7	1,000	1,000	NUM
cana-6029	95	8	forecasted	forecast	VERB
cana-6029	95	9	5	5	NUM
cana-6029	95	10	-	-	PUNCT
cana-6029	95	11	day	day	NOUN
cana-6029	95	12	price	price	NOUN
cana-6029	95	13	paths	path	NOUN
cana-6029	95	14	along	along	ADP
cana-6029	95	15	with	with	ADP
cana-6029	95	16	the	the	DET
cana-6029	95	17	current	current	ADJ
cana-6029	95	18	price	price	NOUN
cana-6029	95	19	,	,	PUNCT
cana-6029	95	20	p25	p25	NOUN
cana-6029	95	21	,	,	PUNCT
cana-6029	95	22	and	and	CCONJ
cana-6029	95	23	p75	p75	ADJ
cana-6029	95	24	bands	band	NOUN
cana-6029	95	25	.	.	PUNCT
cana-6029	96	1	v.	v.	ADP
cana-6029	96	2	conclusion	conclusion	NOUN
cana-6029	96	3	the	the	DET
cana-6029	96	4	proposed	propose	VERB
cana-6029	96	5	paper	paper	NOUN
cana-6029	96	6	introduced	introduce	VERB
cana-6029	96	7	a	a	DET
cana-6029	96	8	regime	regime	NOUN
cana-6029	96	9	sensing	sense	VERB
cana-6029	96	10	short	short	ADJ
cana-6029	96	11	term	term	NOUN
cana-6029	96	12	trading	trading	NOUN
cana-6029	96	13	strategy	strategy	NOUN
cana-6029	96	14	that	that	PRON
cana-6029	96	15	combines	combine	VERB
cana-6029	96	16	hidden	hide	VERB
cana-6029	96	17	markov	markov	NOUN
cana-6029	96	18	models	model	NOUN
cana-6029	96	19	(	(	PUNCT
cana-6029	96	20	hmms	hmms	NOUN
cana-6029	96	21	)	)	PUNCT
cana-6029	96	22	for	for	ADP
cana-6029	96	23	regime	regime	NOUN
cana-6029	96	24	detection	detection	NOUN
cana-6029	96	25	in	in	ADP
cana-6029	96	26	markets	market	NOUN
cana-6029	96	27	with	with	ADP
cana-6029	96	28	monte	monte	PROPN
cana-6029	96	29	carlo	carlo	PROPN
cana-6029	96	30	simulations	simulation	NOUN
cana-6029	96	31	for	for	ADP
cana-6029	96	32	probabilistic	probabilistic	ADJ
cana-6029	96	33	price	price	NOUN
cana-6029	96	34	forecasting	forecasting	NOUN
cana-6029	96	35	.	.	PUNCT
cana-6029	97	1	through	through	ADP
cana-6029	97	2	conditioning	conditioning	NOUN
cana-6029	97	3	simulations	simulation	NOUN
cana-6029	97	4	on	on	ADP
cana-6029	97	5	regime	regime	NOUN
cana-6029	97	6	dependent	dependent	ADJ
cana-6029	97	7	drift	drift	NOUN
cana-6029	97	8	and	and	CCONJ
cana-6029	97	9	volatility	volatility	NOUN
cana-6029	97	10	parameters	parameter	NOUN
cana-6029	97	11	,	,	PUNCT
cana-6029	97	12	the	the	DET
cana-6029	97	13	strategy	strategy	NOUN
cana-6029	97	14	dynamically	dynamically	ADV
cana-6029	97	15	adjusts	adjust	VERB
cana-6029	97	16	to	to	ADP
cana-6029	97	17	underlying	underlie	VERB
cana-6029	97	18	market	market	NOUN
cana-6029	97	19	conditions	condition	NOUN
cana-6029	97	20	and	and	CCONJ
cana-6029	97	21	produces	produce	VERB
cana-6029	97	22	trading	trading	NOUN
cana-6029	97	23	signals	signal	NOUN
cana-6029	97	24	from	from	ADP
cana-6029	97	25	forecast	forecast	NOUN
cana-6029	97	26	percentiles	percentile	NOUN
cana-6029	97	27	.	.	PUNCT
cana-6029	97	28	table	table	PROPN
cana-6029	97	29	ii	ii	PROPN
cana-6029	97	30	performance	performance	NOUN
cana-6029	97	31	comparison	comparison	NOUN
cana-6029	97	32	:	:	PUNCT
cana-6029	97	33	strategy	strategy	NOUN
cana-6029	97	34	vs.	vs.	ADP
cana-6029	97	35	buy	buy	VERB
cana-6029	97	36	&	&	CCONJ
cana-6029	97	37	hold	hold	VERB
cana-6029	97	38	metric	metric	ADJ
cana-6029	97	39	strategy	strategy	NOUN
cana-6029	97	40	buy	buy	VERB
cana-6029	97	41	&	&	CCONJ
cana-6029	97	42	hold	hold	VERB
cana-6029	97	43	cumulative	cumulative	ADJ
cana-6029	97	44	return	return	NOUN
cana-6029	97	45	1.448263	1.448263	NUM
cana-6029	97	46	1.264360	1.264360	NUM
cana-6029	97	47	annualized	annualize	VERB
cana-6029	97	48	return	return	NOUN
cana-6029	97	49	0.131107	0.131107	NUM
cana-6029	97	50	0.119673	0.119673	PROPN
cana-6029	97	51	sharpe	sharpe	PROPN
cana-6029	97	52	ratio	ratio	NOUN
cana-6029	97	53	1.046113	1.046113	NUM
cana-6029	97	54	0.671523	0.671523	NUM
cana-6029	97	55	maximum	maximum	ADJ
cana-6029	97	56	drawdown	drawdown	ADJ
cana-6029	97	57	-0.174948	-0.174948	NOUN
cana-6029	97	58	-0.384399	-0.384399	PROPN
cana-6029	97	59	fig	fig	NOUN
cana-6029	97	60	.	.	PUNCT
cana-6029	98	1	4	4	X
cana-6029	98	2	.	.	X
cana-6029	98	3	cumulative	cumulative	ADJ
cana-6029	98	4	returns	return	NOUN
cana-6029	98	5	:	:	PUNCT
cana-6029	98	6	regime	regime	NOUN
cana-6029	98	7	-	-	PUNCT
cana-6029	98	8	aware	aware	ADJ
cana-6029	98	9	strategy	strategy	NOUN
cana-6029	98	10	vs.	vs.	ADP
cana-6029	98	11	buy	buy	VERB
cana-6029	98	12	&	&	CCONJ
cana-6029	98	13	hold	hold	VERB
cana-6029	98	14	.	.	PUNCT
cana-6029	99	1	fig	fig	NOUN
cana-6029	99	2	.	.	PUNCT
cana-6029	100	1	5	5	X
cana-6029	100	2	.	.	X
cana-6029	100	3	drawdown	drawdown	ADJ
cana-6029	100	4	curve	curve	NOUN
cana-6029	100	5	for	for	ADP
cana-6029	100	6	the	the	DET
cana-6029	100	7	regime	regime	NOUN
cana-6029	100	8	-	-	PUNCT
cana-6029	100	9	aware	aware	ADJ
cana-6029	100	10	strategy	strategy	NOUN
cana-6029	100	11	.	.	PUNCT
cana-6029	101	1	communications	communication	NOUN
cana-6029	101	2	on	on	ADP
cana-6029	101	3	applied	apply	VERB
cana-6029	101	4	nonlinear	nonlinear	ADJ
cana-6029	101	5	analysis	analysis	NOUN
cana-6029	101	6	issn	issn	NOUN
cana-6029	101	7	:	:	PUNCT
cana-6029	101	8	1074	1074	NUM
cana-6029	101	9	-	-	PUNCT
cana-6029	101	10	133x	133x	NUM
cana-6029	101	11	vol	vol	NOUN
cana-6029	101	12	32	32	NUM
cana-6029	101	13	no	no	NOUN
cana-6029	101	14	.	.	PUNCT
cana-6029	102	1	9s	9s	NUM
cana-6029	102	2	(	(	PUNCT
cana-6029	102	3	2025	2025	NUM
cana-6029	102	4	)	)	PUNCT
cana-6029	102	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	102	6	3248	3248	NUM
cana-6029	102	7	backtesting	backtesting	NOUN
cana-6029	102	8	on	on	ADP
cana-6029	102	9	the	the	DET
cana-6029	102	10	nifty	nifty	ADJ
cana-6029	102	11	50	50	NUM
cana-6029	102	12	index	index	NOUN
cana-6029	102	13	for	for	ADP
cana-6029	102	14	2018	2018	NUM
cana-6029	102	15	to	to	PART
cana-6029	102	16	2024	2024	NUM
cana-6029	102	17	showed	show	VERB
cana-6029	102	18	better	well	ADJ
cana-6029	102	19	risk	risk	NOUN
cana-6029	102	20	-	-	PUNCT
cana-6029	102	21	adjusted	adjust	VERB
cana-6029	102	22	returns	return	NOUN
cana-6029	102	23	versus	versus	ADP
cana-6029	102	24	a	a	DET
cana-6029	102	25	buyand	buyand	NOUN
cana-6029	102	26	-	-	PUNCT
cana-6029	102	27	hold	hold	NOUN
cana-6029	102	28	strategy	strategy	NOUN
cana-6029	102	29	,	,	PUNCT
cana-6029	102	30	with	with	ADP
cana-6029	102	31	greater	great	ADJ
cana-6029	102	32	sharpe	sharpe	NOUN
cana-6029	102	33	and	and	CCONJ
cana-6029	102	34	sortino	sortino	ADJ
cana-6029	102	35	ratios	ratio	NOUN
cana-6029	102	36	,	,	PUNCT
cana-6029	102	37	reduced	reduce	VERB
cana-6029	102	38	maximum	maximum	ADJ
cana-6029	102	39	drawdowns	drawdown	NOUN
cana-6029	102	40	,	,	PUNCT
cana-6029	102	41	and	and	CCONJ
cana-6029	102	42	a	a	DET
cana-6029	102	43	more	more	ADV
cana-6029	102	44	even	even	ADV
cana-6029	102	45	equity	equity	NOUN
cana-6029	102	46	curve	curve	NOUN
cana-6029	102	47	.	.	PUNCT
cana-6029	103	1	the	the	DET
cana-6029	103	2	main	main	ADJ
cana-6029	103	3	contribution	contribution	NOUN
cana-6029	103	4	of	of	ADP
cana-6029	103	5	this	this	DET
cana-6029	103	6	research	research	NOUN
cana-6029	103	7	is	be	AUX
cana-6029	103	8	bringing	bring	VERB
cana-6029	103	9	together	together	ADV
cana-6029	103	10	the	the	DET
cana-6029	103	11	interpretability	interpretability	NOUN
cana-6029	103	12	of	of	ADP
cana-6029	103	13	hmm	hmm	ADV
cana-6029	103	14	-	-	PUNCT
cana-6029	103	15	based	base	VERB
cana-6029	103	16	regime	regime	NOUN
cana-6029	103	17	detection	detection	NOUN
cana-6029	103	18	and	and	CCONJ
cana-6029	103	19	the	the	DET
cana-6029	103	20	forward	forward	ADV
cana-6029	103	21	-	-	PUNCT
cana-6029	103	22	looking	look	VERB
cana-6029	103	23	uncertainty	uncertainty	NOUN
cana-6029	103	24	fig	fig	NOUN
cana-6029	103	25	.	.	PUNCT
cana-6029	104	1	6	6	NUM
cana-6029	104	2	.	.	X
cana-6029	104	3	histogram	histogram	NOUN
cana-6029	104	4	of	of	ADP
cana-6029	104	5	daily	daily	ADJ
cana-6029	104	6	strategy	strategy	NOUN
cana-6029	104	7	returns	return	NOUN
cana-6029	104	8	.	.	PUNCT
cana-6029	105	1	fig	fig	NOUN
cana-6029	105	2	.	.	PUNCT
cana-6029	106	1	7	7	X
cana-6029	106	2	.	.	X
cana-6029	106	3	rolling	roll	VERB
cana-6029	106	4	sharpe	sharpe	PROPN
cana-6029	106	5	ratio	ratio	NOUN
cana-6029	106	6	(	(	PUNCT
cana-6029	106	7	63	63	NUM
cana-6029	106	8	-	-	PUNCT
cana-6029	106	9	day	day	NOUN
cana-6029	106	10	window	window	NOUN
cana-6029	106	11	)	)	PUNCT
cana-6029	106	12	of	of	ADP
cana-6029	106	13	the	the	DET
cana-6029	106	14	strategy	strategy	NOUN
cana-6029	106	15	.	.	PUNCT
cana-6029	107	1	quantification	quantification	NOUN
cana-6029	107	2	of	of	ADP
cana-6029	107	3	monte	monte	PROPN
cana-6029	107	4	carlo	carlo	PROPN
cana-6029	107	5	approaches	approach	NOUN
cana-6029	107	6	.	.	PUNCT
cana-6029	108	1	this	this	DET
cana-6029	108	2	fusion	fusion	NOUN
cana-6029	108	3	not	not	PART
cana-6029	108	4	only	only	ADV
cana-6029	108	5	enhances	enhance	VERB
cana-6029	108	6	predictive	predictive	ADJ
cana-6029	108	7	accuracy	accuracy	NOUN
cana-6029	108	8	but	but	CCONJ
cana-6029	108	9	also	also	ADV
cana-6029	108	10	boosts	boost	VERB
cana-6029	108	11	risk	risk	NOUN
cana-6029	108	12	management	management	NOUN
cana-6029	108	13	,	,	PUNCT
cana-6029	108	14	rendering	render	VERB
cana-6029	108	15	it	it	PRON
cana-6029	108	16	fitting	fitting	ADJ
cana-6029	108	17	for	for	ADP
cana-6029	108	18	the	the	DET
cana-6029	108	19	non	non	ADJ
cana-6029	108	20	-	-	ADJ
cana-6029	108	21	stationary	stationary	ADJ
cana-6029	108	22	and	and	CCONJ
cana-6029	108	23	volatile	volatile	ADJ
cana-6029	108	24	financial	financial	ADJ
cana-6029	108	25	markets	market	NOUN
cana-6029	108	26	.	.	PUNCT
cana-6029	109	1	the	the	DET
cana-6029	109	2	study	study	NOUN
cana-6029	109	3	also	also	ADV
cana-6029	109	4	suffers	suffer	VERB
cana-6029	109	5	from	from	ADP
cana-6029	109	6	some	some	DET
cana-6029	109	7	limitations	limitation	NOUN
cana-6029	109	8	.	.	PUNCT
cana-6029	110	1	first	first	ADV
cana-6029	110	2	,	,	PUNCT
cana-6029	110	3	the	the	DET
cana-6029	110	4	analysis	analysis	NOUN
cana-6029	110	5	was	be	AUX
cana-6029	110	6	limited	limit	VERB
cana-6029	110	7	to	to	ADP
cana-6029	110	8	one	one	NUM
cana-6029	110	9	index	index	NOUN
cana-6029	110	10	(	(	PUNCT
cana-6029	110	11	nifty	nifty	ADJ
cana-6029	110	12	50	50	NUM
cana-6029	110	13	)	)	PUNCT
cana-6029	110	14	with	with	ADP
cana-6029	110	15	daily	daily	ADJ
cana-6029	110	16	frequency	frequency	NOUN
cana-6029	110	17	data	datum	NOUN
cana-6029	110	18	,	,	PUNCT
cana-6029	110	19	and	and	CCONJ
cana-6029	110	20	findings	finding	NOUN
cana-6029	110	21	can	can	AUX
cana-6029	110	22	vary	vary	VERB
cana-6029	110	23	across	across	ADP
cana-6029	110	24	asset	asset	NOUN
cana-6029	110	25	classes	class	NOUN
cana-6029	110	26	,	,	PUNCT
cana-6029	110	27	markets	market	NOUN
cana-6029	110	28	,	,	PUNCT
cana-6029	110	29	or	or	CCONJ
cana-6029	110	30	higherfrequency	higherfrequency	NOUN
cana-6029	110	31	trading	trading	NOUN
cana-6029	110	32	.	.	PUNCT
cana-6029	111	1	second	second	ADJ
cana-6029	111	2	,	,	PUNCT
cana-6029	111	3	transaction	transaction	NOUN
cana-6029	111	4	costs	cost	NOUN
cana-6029	111	5	and	and	CCONJ
cana-6029	111	6	slippage	slippage	NOUN
cana-6029	111	7	were	be	AUX
cana-6029	111	8	accounted	account	VERB
cana-6029	111	9	for	for	ADP
cana-6029	111	10	only	only	ADV
cana-6029	111	11	partially	partially	ADV
cana-6029	111	12	,	,	PUNCT
cana-6029	111	13	which	which	PRON
cana-6029	111	14	could	could	AUX
cana-6029	111	15	impact	impact	VERB
cana-6029	111	16	real	real	ADJ
cana-6029	111	17	-	-	PUNCT
cana-6029	111	18	world	world	NOUN
cana-6029	111	19	profitability	profitability	NOUN
cana-6029	111	20	.	.	PUNCT
cana-6029	112	1	third	third	ADJ
cana-6029	112	2	,	,	PUNCT
cana-6029	112	3	the	the	DET
cana-6029	112	4	model	model	NOUN
cana-6029	112	5	has	have	VERB
cana-6029	112	6	gaussian	gaussian	ADJ
cana-6029	112	7	emissions	emission	NOUN
cana-6029	112	8	in	in	ADP
cana-6029	112	9	the	the	DET
cana-6029	112	10	hmm	hmm	NOUN
cana-6029	112	11	and	and	CCONJ
cana-6029	112	12	a	a	DET
cana-6029	112	13	geometric	geometric	ADJ
cana-6029	112	14	brownian	brownian	ADJ
cana-6029	112	15	motion	motion	NOUN
cana-6029	112	16	process	process	NOUN
cana-6029	112	17	in	in	ADP
cana-6029	112	18	price	price	NOUN
cana-6029	112	19	dynamics	dynamic	NOUN
cana-6029	112	20	,	,	PUNCT
cana-6029	112	21	which	which	PRON
cana-6029	112	22	do	do	AUX
cana-6029	112	23	not	not	PART
cana-6029	112	24	necessarily	necessarily	ADV
cana-6029	112	25	reflect	reflect	VERB
cana-6029	112	26	extreme	extreme	ADJ
cana-6029	112	27	events	event	NOUN
cana-6029	112	28	or	or	CCONJ
cana-6029	112	29	fat	fat	ADJ
cana-6029	112	30	-	-	PUNCT
cana-6029	112	31	tailed	tail	VERB
cana-6029	112	32	return	return	NOUN
cana-6029	112	33	distributions	distribution	NOUN
cana-6029	112	34	.	.	PUNCT
cana-6029	113	1	follow	follow	VERB
cana-6029	113	2	-	-	PUNCT
cana-6029	113	3	up	up	ADP
cana-6029	113	4	work	work	NOUN
cana-6029	113	5	can	can	AUX
cana-6029	113	6	generalize	generalize	VERB
cana-6029	113	7	this	this	DET
cana-6029	113	8	framework	framework	NOUN
cana-6029	113	9	by	by	ADP
cana-6029	113	10	using	use	VERB
cana-6029	113	11	other	other	ADJ
cana-6029	113	12	regime	regime	NOUN
cana-6029	113	13	detection	detection	NOUN
cana-6029	113	14	models	model	NOUN
cana-6029	113	15	(	(	PUNCT
cana-6029	113	16	e.g.	e.g.	ADV
cana-6029	113	17	,	,	PUNCT
cana-6029	113	18	bayesian	bayesian	NOUN
cana-6029	113	19	nonparametric	nonparametric	NOUN
cana-6029	113	20	hmms	hmms	NOUN
cana-6029	113	21	)	)	PUNCT
cana-6029	113	22	,	,	PUNCT
cana-6029	113	23	investigating	investigate	VERB
cana-6029	113	24	more	more	ADV
cana-6029	113	25	complex	complex	ADJ
cana-6029	113	26	simulation	simulation	NOUN
cana-6029	113	27	methods	method	NOUN
cana-6029	113	28	(	(	PUNCT
cana-6029	113	29	e.g.	e.g.	ADV
cana-6029	113	30	,	,	PUNCT
cana-6029	113	31	stochastic	stochastic	ADJ
cana-6029	113	32	volatility	volatility	NOUN
cana-6029	113	33	or	or	CCONJ
cana-6029	113	34	jump	jump	NOUN
cana-6029	113	35	diffusion	diffusion	NOUN
cana-6029	113	36	models	model	NOUN
cana-6029	113	37	)	)	PUNCT
cana-6029	113	38	,	,	PUNCT
cana-6029	113	39	and	and	CCONJ
cana-6029	113	40	testing	test	VERB
cana-6029	113	41	the	the	DET
cana-6029	113	42	strategy	strategy	NOUN
cana-6029	113	43	over	over	ADP
cana-6029	113	44	several	several	ADJ
cana-6029	113	45	markets	market	NOUN
cana-6029	113	46	and	and	CCONJ
cana-6029	113	47	asset	asset	NOUN
cana-6029	113	48	classes	class	NOUN
cana-6029	113	49	.	.	PUNCT
cana-6029	114	1	further	far	ADV
cana-6029	114	2	,	,	PUNCT
cana-6029	114	3	portfolio	portfolio	NOUN
cana-6029	114	4	optimization	optimization	NOUN
cana-6029	114	5	or	or	CCONJ
cana-6029	114	6	reinforcement	reinforcement	NOUN
cana-6029	114	7	learning	learning	NOUN
cana-6029	114	8	in	in	ADP
cana-6029	114	9	conjunction	conjunction	NOUN
cana-6029	114	10	with	with	ADP
cana-6029	114	11	regime	regime	NOUN
cana-6029	114	12	sensitivity	sensitivity	NOUN
cana-6029	114	13	aware	aware	ADJ
cana-6029	114	14	forecasts	forecast	NOUN
cana-6029	114	15	may	may	AUX
cana-6029	114	16	offer	offer	VERB
cana-6029	114	17	a	a	DET
cana-6029	114	18	route	route	NOUN
cana-6029	114	19	to	to	AUX
cana-6029	114	20	increasingly	increasingly	ADV
cana-6029	114	21	adaptive	adaptive	ADJ
cana-6029	114	22	and	and	CCONJ
cana-6029	114	23	resilient	resilient	ADJ
cana-6029	114	24	trading	trading	NOUN
cana-6029	114	25	systems	system	NOUN
cana-6029	114	26	.	.	PUNCT
cana-6029	115	1	communications	communication	NOUN
cana-6029	115	2	on	on	ADP
cana-6029	115	3	applied	apply	VERB
cana-6029	115	4	nonlinear	nonlinear	ADJ
cana-6029	115	5	analysis	analysis	NOUN
cana-6029	115	6	issn	issn	NOUN
cana-6029	115	7	:	:	PUNCT
cana-6029	115	8	1074	1074	NUM
cana-6029	115	9	-	-	PUNCT
cana-6029	115	10	133x	133x	NUM
cana-6029	115	11	vol	vol	NOUN
cana-6029	115	12	32	32	NUM
cana-6029	115	13	no	no	NOUN
cana-6029	115	14	.	.	PUNCT
cana-6029	116	1	9s	9s	NUM
cana-6029	116	2	(	(	PUNCT
cana-6029	116	3	2025	2025	NUM
cana-6029	116	4	)	)	PUNCT
cana-6029	116	5	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	116	6	3249	3249	NUM
cana-6029	116	7	references	reference	NOUN
cana-6029	116	8	[	[	X
cana-6029	116	9	1	1	NUM
cana-6029	116	10	]	]	X
cana-6029	116	11	n.	n.	NOUN
cana-6029	116	12	v.	v.	ADP
cana-6029	116	13	pavlidis	pavlidi	NOUN
cana-6029	116	14	,	,	PUNCT
cana-6029	116	15	d.	d.	PROPN
cana-6029	116	16	p.	p.	PROPN
cana-6029	116	17	k.	k.	PROPN
cana-6029	116	18	watson	watson	PROPN
cana-6029	116	19	,	,	PUNCT
cana-6029	116	20	and	and	CCONJ
cana-6029	116	21	k.	k.	PROPN
cana-6029	117	1	p.	p.	PROPN
cana-6029	117	2	p.	p.	PROPN
cana-6029	117	3	voulgaris	voulgaris	PROPN
cana-6029	117	4	,	,	PUNCT
cana-6029	117	5	“	"	PUNCT
cana-6029	117	6	modeling	model	VERB
cana-6029	117	7	financial	financial	ADJ
cana-6029	117	8	time	time	NOUN
cana-6029	117	9	series	series	NOUN
cana-6029	117	10	with	with	ADP
cana-6029	117	11	hidden	hide	VERB
cana-6029	117	12	markov	markov	NOUN
cana-6029	117	13	models	model	NOUN
cana-6029	117	14	”	"	PUNCT
cana-6029	117	15	,	,	PUNCT
cana-6029	117	16	proceedings	proceeding	NOUN
cana-6029	117	17	of	of	ADP
cana-6029	117	18	the	the	DET
cana-6029	117	19	ieee	ieee	NOUN
cana-6029	117	20	international	international	ADJ
cana-6029	117	21	joint	joint	ADJ
cana-6029	117	22	conference	conference	NOUN
cana-6029	117	23	on	on	ADP
cana-6029	117	24	neural	neural	ADJ
cana-6029	117	25	networks	network	NOUN
cana-6029	117	26	(	(	PUNCT
cana-6029	117	27	ijcnn	ijcnn	PROPN
cana-6029	117	28	)	)	PUNCT
cana-6029	117	29	,	,	PUNCT
cana-6029	117	30	2009	2009	NUM
cana-6029	117	31	,	,	PUNCT
cana-6029	117	32	pp	pp	ADJ
cana-6029	117	33	.	.	PUNCT
cana-6029	118	1	2038–2045	2038–2045	NUM
cana-6029	118	2	.	.	PUNCT
cana-6029	119	1	[	[	X
cana-6029	119	2	2	2	X
cana-6029	119	3	]	]	X
cana-6029	119	4	y.	y.	PROPN
cana-6029	119	5	j.	j.	PROPN
cana-6029	119	6	lee	lee	PROPN
cana-6029	119	7	,	,	PUNCT
cana-6029	119	8	c.	c.	PROPN
cana-6029	119	9	w.	w.	PROPN
cana-6029	119	10	lin	lin	PROPN
cana-6029	119	11	,	,	PUNCT
cana-6029	119	12	and	and	CCONJ
cana-6029	119	13	m.	m.	PROPN
cana-6029	119	14	d.	d.	PROPN
cana-6029	119	15	chen	chen	PROPN
cana-6029	119	16	,	,	PUNCT
cana-6029	119	17	“	"	PUNCT
cana-6029	119	18	a	a	DET
cana-6029	119	19	financial	financial	ADJ
cana-6029	119	20	forecasting	forecasting	NOUN
cana-6029	119	21	model	model	NOUN
cana-6029	119	22	based	base	VERB
cana-6029	119	23	on	on	ADP
cana-6029	119	24	hidden	hide	VERB
cana-6029	119	25	markov	markov	NOUN
cana-6029	119	26	models	model	NOUN
cana-6029	119	27	and	and	CCONJ
cana-6029	119	28	genetic	genetic	ADJ
cana-6029	119	29	algorithms	algorithm	NOUN
cana-6029	119	30	”	"	PUNCT
cana-6029	119	31	,	,	PUNCT
cana-6029	119	32	proceedings	proceeding	NOUN
cana-6029	119	33	of	of	ADP
cana-6029	119	34	the	the	DET
cana-6029	119	35	2006	2006	NUM
cana-6029	119	36	ieee	ieee	PROPN
cana-6029	119	37	international	international	ADJ
cana-6029	119	38	conference	conference	NOUN
cana-6029	119	39	on	on	ADP
cana-6029	119	40	systems	system	NOUN
cana-6029	119	41	,	,	PUNCT
cana-6029	119	42	man	man	NOUN
cana-6029	119	43	and	and	CCONJ
cana-6029	119	44	cybernetics	cybernetic	NOUN
cana-6029	119	45	,	,	PUNCT
cana-6029	119	46	2006	2006	NUM
cana-6029	119	47	,	,	PUNCT
cana-6029	119	48	pp	pp	ADJ
cana-6029	119	49	.	.	PUNCT
cana-6029	120	1	2872–2877	2872–2877	NUM
cana-6029	120	2	.	.	PUNCT
cana-6029	121	1	[	[	X
cana-6029	121	2	3	3	X
cana-6029	121	3	]	]	PUNCT
cana-6029	121	4	k.	k.	NOUN
cana-6029	121	5	nystrup	nystrup	PROPN
cana-6029	121	6	,	,	PUNCT
cana-6029	121	7	t.	t.	PROPN
cana-6029	121	8	f.	f.	PROPN
cana-6029	121	9	maare	maare	PROPN
cana-6029	121	10	,	,	PUNCT
cana-6029	121	11	and	and	CCONJ
cana-6029	121	12	t.	t.	PROPN
cana-6029	121	13	b.	b.	PROPN
cana-6029	121	14	pedersen	pedersen	PROPN
cana-6029	121	15	,	,	PUNCT
cana-6029	121	16	“	"	PUNCT
cana-6029	121	17	market	market	NOUN
cana-6029	121	18	regime	regime	NOUN
cana-6029	121	19	switching	switch	VERB
cana-6029	121	20	models	model	NOUN
cana-6029	121	21	for	for	ADP
cana-6029	121	22	active	active	ADJ
cana-6029	121	23	asset	asset	NOUN
cana-6029	121	24	allocation	allocation	NOUN
cana-6029	121	25	”	"	PUNCT
cana-6029	121	26	,	,	PUNCT
cana-6029	121	27	quantitative	quantitative	ADJ
cana-6029	121	28	finance	finance	NOUN
cana-6029	121	29	and	and	CCONJ
cana-6029	121	30	economics	economic	NOUN
cana-6029	121	31	,	,	PUNCT
cana-6029	121	32	vol	vol	NOUN
cana-6029	121	33	.	.	PROPN
cana-6029	121	34	1	1	NUM
cana-6029	121	35	,	,	PUNCT
cana-6029	121	36	no	no	INTJ
cana-6029	121	37	.	.	NOUN
cana-6029	121	38	1	1	NUM
cana-6029	121	39	,	,	PUNCT
cana-6029	121	40	pp	pp	ADJ
cana-6029	121	41	.	.	PUNCT
cana-6029	122	1	1–28	1–28	NOUN
cana-6029	122	2	,	,	PUNCT
cana-6029	122	3	2017	2017	NUM
cana-6029	122	4	.	.	PUNCT
cana-6029	123	1	[	[	X
cana-6029	123	2	4	4	NUM
cana-6029	123	3	]	]	PUNCT
cana-6029	123	4	communications	communication	NOUN
cana-6029	123	5	on	on	ADP
cana-6029	123	6	applied	apply	VERB
cana-6029	123	7	nonlinear	nonlinear	ADJ
cana-6029	123	8	analysis	analysis	NOUN
cana-6029	123	9	,	,	PUNCT
cana-6029	123	10	issn	issn	PROPN
cana-6029	123	11	:	:	PUNCT
cana-6029	123	12	1074	1074	NUM
cana-6029	123	13	-	-	PUNCT
cana-6029	123	14	133x	133x	PROPN
cana-6029	123	15	,	,	PUNCT
cana-6029	123	16	vol	vol	NOUN
cana-6029	123	17	.	.	PROPN
cana-6029	123	18	32	32	NUM
cana-6029	123	19	,	,	PUNCT
cana-6029	123	20	no	no	INTJ
cana-6029	123	21	.	.	NOUN
cana-6029	123	22	9s	9s	NUM
cana-6029	123	23	,	,	PUNCT
cana-6029	123	24	2025	2025	NUM
cana-6029	123	25	.	.	PUNCT
cana-6029	124	1	available	available	ADJ
cana-6029	124	2	:	:	PUNCT
cana-6029	125	1	https://internationalpubls.com	https://internationalpubls.com	X
cana-6029	125	2	.	.	PUNCT
cana-6029	126	1	[	[	X
cana-6029	126	2	5	5	NUM
cana-6029	126	3	]	]	PUNCT
cana-6029	126	4	b.	b.	PROPN
cana-6029	126	5	k.	k.	PROPN
cana-6029	126	6	park	park	PROPN
cana-6029	126	7	and	and	CCONJ
cana-6029	126	8	m.	m.	PROPN
cana-6029	126	9	c.	c.	PROPN
cana-6029	126	10	lee	lee	PROPN
cana-6029	126	11	,	,	PUNCT
cana-6029	126	12	“	"	PUNCT
cana-6029	126	13	credit	credit	NOUN
cana-6029	126	14	risk	risk	NOUN
cana-6029	126	15	assessment	assessment	NOUN
cana-6029	126	16	using	use	VERB
cana-6029	126	17	hidden	hide	VERB
cana-6029	126	18	markov	markov	NOUN
cana-6029	126	19	models	model	NOUN
cana-6029	126	20	”	"	PUNCT
cana-6029	126	21	,	,	PUNCT
cana-6029	126	22	journal	journal	NOUN
cana-6029	126	23	of	of	ADP
cana-6029	126	24	risk	risk	NOUN
cana-6029	126	25	management	management	NOUN
cana-6029	126	26	in	in	ADP
cana-6029	126	27	financial	financial	ADJ
cana-6029	126	28	institutions	institution	NOUN
cana-6029	126	29	,	,	PUNCT
cana-6029	126	30	vol	vol	NOUN
cana-6029	126	31	.	.	PROPN
cana-6029	126	32	7	7	NUM
cana-6029	126	33	,	,	PUNCT
cana-6029	126	34	no	no	INTJ
cana-6029	126	35	.	.	NOUN
cana-6029	126	36	1	1	NUM
cana-6029	126	37	,	,	PUNCT
cana-6029	126	38	pp	pp	ADJ
cana-6029	126	39	.	.	PUNCT
cana-6029	127	1	78–90	78–90	NUM
cana-6029	127	2	,	,	PUNCT
cana-6029	127	3	2013	2013	NUM
cana-6029	127	4	.	.	PUNCT
cana-6029	128	1	[	[	X
cana-6029	128	2	6	6	NUM
cana-6029	128	3	]	]	PUNCT
cana-6029	128	4	p.	p.	NOUN
cana-6029	128	5	glasserman	glasserman	NOUN
cana-6029	128	6	,	,	PUNCT
cana-6029	128	7	monte	monte	PROPN
cana-6029	128	8	carlo	carlo	PROPN
cana-6029	128	9	methods	method	NOUN
cana-6029	128	10	in	in	ADP
cana-6029	128	11	financial	financial	ADJ
cana-6029	128	12	engineering	engineering	NOUN
cana-6029	128	13	.	.	PUNCT
cana-6029	129	1	new	new	PROPN
cana-6029	129	2	york	york	PROPN
cana-6029	129	3	,	,	PUNCT
cana-6029	129	4	ny	ny	PROPN
cana-6029	129	5	,	,	PUNCT
cana-6029	129	6	usa	usa	PROPN
cana-6029	129	7	:	:	PUNCT
cana-6029	129	8	springer	springer	NOUN
cana-6029	129	9	,	,	PUNCT
cana-6029	129	10	2004	2004	NUM
cana-6029	129	11	.	.	PUNCT
cana-6029	130	1	[	[	X
cana-6029	130	2	7	7	X
cana-6029	130	3	]	]	X
cana-6029	130	4	j.	j.	PROPN
cana-6029	130	5	hull	hull	PROPN
cana-6029	130	6	,	,	PUNCT
cana-6029	130	7	options	option	NOUN
cana-6029	130	8	,	,	PUNCT
cana-6029	130	9	futures	future	NOUN
cana-6029	130	10	,	,	PUNCT
cana-6029	130	11	and	and	CCONJ
cana-6029	130	12	other	other	ADJ
cana-6029	130	13	derivatives	derivative	NOUN
cana-6029	130	14	,	,	PUNCT
cana-6029	130	15	10th	10th	ADJ
cana-6029	130	16	ed	ed	NOUN
cana-6029	130	17	.	.	PUNCT
cana-6029	130	18	boston	boston	PROPN
cana-6029	130	19	,	,	PUNCT
cana-6029	130	20	ma	ma	PROPN
cana-6029	130	21	,	,	PUNCT
cana-6029	130	22	usa	usa	PROPN
cana-6029	130	23	:	:	PUNCT
cana-6029	130	24	pearson	pearson	PROPN
cana-6029	130	25	,	,	PUNCT
cana-6029	130	26	2017	2017	NUM
cana-6029	130	27	.	.	PUNCT
cana-6029	131	1	[	[	X
cana-6029	131	2	8	8	NUM
cana-6029	131	3	]	]	PUNCT
cana-6029	131	4	m.	m.	PROPN
cana-6029	131	5	r.	r.	PROPN
cana-6029	131	6	d.	d.	PROPN
cana-6029	131	7	singh	singh	PROPN
cana-6029	131	8	,	,	PUNCT
cana-6029	131	9	s.	s.	PROPN
cana-6029	131	10	c.	c.	PROPN
cana-6029	131	11	s.	s.	PROPN
cana-6029	131	12	lamba	lamba	PROPN
cana-6029	131	13	,	,	PUNCT
cana-6029	131	14	and	and	CCONJ
cana-6029	131	15	v.	v.	PROPN
cana-6029	131	16	r.	r.	PROPN
cana-6029	131	17	sharma	sharma	PROPN
cana-6029	131	18	,	,	PUNCT
cana-6029	131	19	“	"	PUNCT
cana-6029	131	20	risk	risk	NOUN
cana-6029	131	21	management	management	NOUN
cana-6029	131	22	using	use	VERB
cana-6029	131	23	monte	monte	PROPN
cana-6029	131	24	carlo	carlo	PROPN
cana-6029	131	25	simulation	simulation	NOUN
cana-6029	131	26	in	in	ADP
cana-6029	131	27	financial	financial	ADJ
cana-6029	131	28	market	market	NOUN
cana-6029	131	29	”	"	PUNCT
cana-6029	131	30	,	,	PUNCT
cana-6029	131	31	proceedings	proceeding	NOUN
cana-6029	131	32	of	of	ADP
cana-6029	131	33	the	the	DET
cana-6029	131	34	2018	2018	NUM
cana-6029	131	35	international	international	ADJ
cana-6029	131	36	conference	conference	NOUN
cana-6029	131	37	on	on	ADP
cana-6029	131	38	computing	computing	NOUN
cana-6029	131	39	,	,	PUNCT
cana-6029	131	40	power	power	NOUN
cana-6029	131	41	and	and	CCONJ
cana-6029	131	42	communication	communication	NOUN
cana-6029	131	43	technologies	technology	NOUN
cana-6029	131	44	(	(	PUNCT
cana-6029	131	45	iccpct	iccpct	ADJ
cana-6029	131	46	)	)	PUNCT
cana-6029	131	47	,	,	PUNCT
cana-6029	131	48	2018	2018	NUM
cana-6029	131	49	,	,	PUNCT
cana-6029	131	50	pp	pp	ADJ
cana-6029	131	51	.	.	PUNCT
cana-6029	132	1	609–613	609–613	NUM
cana-6029	132	2	.	.	PUNCT
cana-6029	133	1	[	[	X
cana-6029	133	2	9	9	NUM
cana-6029	133	3	]	]	PUNCT
cana-6029	133	4	p.	p.	NOUN
cana-6029	133	5	k.	k.	PROPN
cana-6029	134	1	singh	singh	PROPN
cana-6029	134	2	and	and	CCONJ
cana-6029	134	3	a.	a.	PROPN
cana-6029	134	4	g.	g.	PROPN
cana-6029	134	5	singh	singh	PROPN
cana-6029	134	6	,	,	PUNCT
cana-6029	134	7	“	"	PUNCT
cana-6029	134	8	stock	stock	NOUN
cana-6029	134	9	price	price	NOUN
cana-6029	134	10	prediction	prediction	NOUN
cana-6029	134	11	using	use	VERB
cana-6029	134	12	monte	monte	PROPN
cana-6029	134	13	carlo	carlo	PROPN
cana-6029	134	14	simulation	simulation	PROPN
cana-6029	134	15	and	and	CCONJ
cana-6029	134	16	machine	machine	NOUN
cana-6029	134	17	learning	learning	NOUN
cana-6029	134	18	”	"	PUNCT
cana-6029	134	19	,	,	PUNCT
cana-6029	134	20	proceedings	proceeding	NOUN
cana-6029	134	21	of	of	ADP
cana-6029	134	22	the	the	DET
cana-6029	134	23	2018	2018	NUM
cana-6029	134	24	ieee	ieee	NOUN
cana-6029	134	25	international	international	ADJ
cana-6029	134	26	conference	conference	NOUN
cana-6029	134	27	on	on	ADP
cana-6029	134	28	information	information	NOUN
cana-6029	134	29	technology	technology	NOUN
cana-6029	134	30	(	(	PUNCT
cana-6029	134	31	icit	icit	PROPN
cana-6029	134	32	)	)	PUNCT
cana-6029	134	33	,	,	PUNCT
cana-6029	134	34	2018	2018	NUM
cana-6029	134	35	,	,	PUNCT
cana-6029	134	36	pp	pp	ADJ
cana-6029	134	37	.	.	PUNCT
cana-6029	135	1	258–263	258–263	NUM
cana-6029	135	2	.	.	PUNCT
cana-6029	136	1	[	[	X
cana-6029	136	2	10	10	NUM
cana-6029	136	3	]	]	X
cana-6029	136	4	j.	j.	PROPN
cana-6029	136	5	d.	d.	PROPN
cana-6029	136	6	hamilton	hamilton	PROPN
cana-6029	136	7	,	,	PUNCT
cana-6029	136	8	“	"	PUNCT
cana-6029	136	9	a	a	DET
cana-6029	136	10	new	new	ADJ
cana-6029	136	11	approach	approach	NOUN
cana-6029	136	12	to	to	ADP
cana-6029	136	13	the	the	DET
cana-6029	136	14	economic	economic	ADJ
cana-6029	136	15	analysis	analysis	NOUN
cana-6029	136	16	of	of	ADP
cana-6029	136	17	nonstationary	nonstationary	ADJ
cana-6029	136	18	time	time	NOUN
cana-6029	136	19	series	series	NOUN
cana-6029	136	20	and	and	CCONJ
cana-6029	136	21	the	the	DET
cana-6029	136	22	business	business	NOUN
cana-6029	136	23	cycle	cycle	NOUN
cana-6029	136	24	”	"	PUNCT
cana-6029	136	25	,	,	PUNCT
cana-6029	136	26	econometrica	econometrica	PROPN
cana-6029	136	27	,	,	PUNCT
cana-6029	136	28	vol	vol	NOUN
cana-6029	136	29	.	.	PROPN
cana-6029	136	30	57	57	NUM
cana-6029	136	31	,	,	PUNCT
cana-6029	136	32	no	no	INTJ
cana-6029	136	33	.	.	NOUN
cana-6029	136	34	2	2	NUM
cana-6029	136	35	,	,	PUNCT
cana-6029	136	36	pp	pp	ADJ
cana-6029	136	37	.	.	PUNCT
cana-6029	137	1	357–384	357–384	NUM
cana-6029	137	2	,	,	PUNCT
cana-6029	137	3	1989	1989	NUM
cana-6029	137	4	.	.	PUNCT
cana-6029	138	1	[	[	X
cana-6029	138	2	11	11	NUM
cana-6029	138	3	]	]	PUNCT
cana-6029	138	4	“	"	PUNCT
cana-6029	138	5	market	market	NOUN
cana-6029	138	6	price	price	NOUN
cana-6029	138	7	of	of	ADP
cana-6029	138	8	shares	share	NOUN
cana-6029	138	9	for	for	ADP
cana-6029	138	10	the	the	DET
cana-6029	138	11	required	require	VERB
cana-6029	138	12	dates	date	NOUN
cana-6029	138	13	”	"	PUNCT
cana-6029	138	14	,	,	PUNCT
cana-6029	138	15	yahoo	yahoo	PROPN
cana-6029	138	16	finance	finance	NOUN
cana-6029	138	17	.	.	PUNCT
cana-6029	139	1	available	available	ADJ
cana-6029	139	2	:	:	PUNCT
cana-6029	140	1	https://finance.yahoo.com	https://finance.yahoo.com	X
cana-6029	140	2	.	.	PUNCT