Temporal and Rotational Calibration for Event-Centric Multi-Sensor Systems

Event cameras generate asynchronous signals in response to pixel-level brightness changes, offering a sensing paradigm with theoretically microsecond-scale latency that can significantly enhance the performance of multi-sensor systems. Extrinsic calibration is a critical prerequisite for effective sensor fusion; however, the configuration that involves event cameras remains an understudied topic. In this paper, we propose a motion-based temporal and rotational calibration framework tailored for event-centric multi-sensor systems, eliminating the need for dedicated calibration targets. Our method uses as input the rotational motion estimates obtained from event cameras and other heterogeneous sensors, respectively. Different from conventional approaches that rely on event-to-frame conversion, our method efficiently estimates angular velocity from normal flow observations, which are derived from the spatio-temporal profile of event data. The overall calibration pipeline adopts a two-step approach: it first initializes the temporal offset and rotational extrinsics by exploiting kinematic correlations in the spirit of Canonical Correlation Analysis (CCA), and then refines both temporal and rotational parameters through a joint non-linear optimization using a continuous-time parametrization in SO(3). Extensive evaluations on both publicly available and self-collected datasets validate that the proposed method achieves calibration accuracy comparable to target-based methods, while exhibiting superior stability over purely CCA-based methods, and highlighting its precision, robustness and flexibility. To facilitate future research, our implementation will be made open-source. Code: https://github.com/NAIL-HNU/EvMultiCalib.

AlphaAgent: LLM-Driven Alpha Mining with Regularized Exploration to Counteract Alpha Decay

Alpha mining, a critical component in quantitative investment, focuses on discovering predictive signals for future asset returns in increasingly complex financial markets. However, the pervasive issue of alpha decay, where factors lose their predictive power over time, poses a significant challenge for alpha mining. Traditional methods like genetic programming face rapid alpha decay from overfitting and complexity, while approaches driven by Large Language Models (LLMs), despite their promise, often rely too heavily on existing knowledge, creating homogeneous factors that worsen crowding and accelerate decay. To address this challenge, we propose AlphaAgent, an autonomous framework that effectively integrates LLM agents with ad hoc regularizations for mining decay-resistant alpha factors. AlphaAgent employs three key mechanisms: (i) originality enforcement through a similarity measure based on abstract syntax trees (ASTs) against existing alphas, (ii) hypothesis-factor alignment via LLM-evaluated semantic consistency between market hypotheses and generated factors, and (iii) complexity control via AST-based structural constraints, preventing over-engineered constructions that are prone to overfitting. These mechanisms collectively guide the alpha generation process to balance originality, financial rationale, and adaptability to evolving market conditions, mitigating the risk of alpha decay. Extensive evaluations show that AlphaAgent outperforms traditional and LLM-based methods in mitigating alpha decay across bull and bear markets, consistently delivering significant alpha in Chinese CSI 500 and US S&P 500 markets over the past four years. Notably, AlphaAgent showcases remarkable resistance to alpha decay, elevating the potential for yielding powerful factors.