Wolfgang Schadner

Projects

• Which is Worse: Heavy Tails or Volatility Clusters? 

• Implied Volatility in One Straight Line: Machine Precision at Vector-Hardware Throughput; demo code here

• The Event Clock: Identifying Physical Information from State Prices

Publications

1. Implied Volatility as a Quantile, Quantitative Finance (2026)

2. Option-implied Hurst Exponent for FX Timing, Finance Research Letters  (2026)

3. Focus Regression for Multifractal Analysis, Chaos, Solitons & Fractals (2026)

4. Hurst Exponent as Implied by Option Prices, Studies in Nonlinear Dynamics & Econometrics (2025)

5. Hard Forks, Hard Questions: Unraveling the Microstructure Effects on Bitcoin’s Return, Volume, and Volatility, Economics Letters (2025)

6. Direct Fit for SVI Implied Volatilities, Journal of Derivatives (2024)

7. Estimating Forward-Looking Stock Correlations from Risk Factors, Mathematics (2022)

8. U.S. Politics from a Multifractal Perspective, Chaos, Solitons & Fractals (2022)

9. On the Persistence of Market Sentiment, Physica A (2021)

10. The trilemma of expansionary monetary policy in the Euro area during the COVID-19 crisis, Finance Research Letters (2021)

11. Forward Looking Up-/Down Correlations, Quantitative Finance and Economics (2021)

12. Ex-Ante Risk Factors and Required Structures of the Implied Correlation Matrix, Finance Research Letters (2020)

13. An Idea of Risk-Neutral Momentum and Market Fear, Finance Research Letters (2020)

Experience

• Financial Stability - FMA Liechtenstein (8/2026 - present)

• Assistant Professor - Univ. Liechtenstein (9/2024 - 7/2026)

Education

• PhD in Finance - Univ. St. Gallen (2019 - 2023)