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Randomized Kolmogorov-Smirnov Analysis of Volatility Roughness

q-fin.MF · 2025-09-24 · unverdicted · novelty 6.0

A randomized Kolmogorov-Smirnov estimator for the Hurst exponent applied to VIX implied volatility and S&P 500 realized volatility finds both rougher than Brownian motion with a statistically significant smoothness hierarchy.

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  • Randomized Kolmogorov-Smirnov Analysis of Volatility Roughness q-fin.MF · 2025-09-24 · unverdicted · none · ref 10

    A randomized Kolmogorov-Smirnov estimator for the Hurst exponent applied to VIX implied volatility and S&P 500 realized volatility finds both rougher than Brownian motion with a statistically significant smoothness hierarchy.