Yuxuan Zhao

Yuxuan Zhao, Sijia Chen, Ningxin Su

LLMs have shown strong performance across diverse financial tasks, yet portfolio management (PM), a critical financial decision-making task, remains poorly benchmarked. Existing benchmarks exhibit two main gaps: they ignore cross-asset correlation structures, thereby failing to distinguish genuinely diversified portfolios from concentrated ones, and fail to evaluate the complete PM decision pipeline in real-world scenarios. We introduce PortBench, a benchmark spanning six heterogeneous asset classes over ten years. PortBench consists of two complementary layers: a static QA dataset of 6,269 correlation-based questions across seven task templates, and a dynamic five-stage allocation pipeline that mirrors the full PM decision cycle. To evaluate these layers, we introduce two dedicated metrics: a dual-layer correlation score that measures whether proposed portfolios exploit inter-class hedging and avoid intra-class concentration, and CEPS, a metric that quantifies how reasoning errors compound across pipeline stages. We further assess strategy robustness and investor alignment under three historical stress regimes and risk profiles. Evaluating ten frontier LLMs, we find that despite strong performance on static financial QA, 90\% of model-profile combinations fail to outperform a basic equal-weight allocation, and models that satisfy every procedural constraint still suffer catastrophic drawdowns under stress. Our source code is available at \href{https://github.com/AgenticFinLab/portbench}{this https URL}.

Yuxuan Zhao, Yuanchen Tang, Jindi Zhang et al.

Robot learning empowers the robot system with human brain-like intelligence to autonomously acquire and adapt skills through experience, enhancing flexibility and adaptability in various environments. Aimed at achieving a similar level of capability in large language models (LLMs) for embodied intelligence, data quality plays a crucial role in training a foundational model with diverse robot skills. In this study, we investigate the collection of data for manipulation tasks using teleoperation devices. Different devices yield varying effects when paired with corresponding controller strategies, including position-based inverse kinematic (IK) control, torque-based inverse dynamic (ID) control, and optimization-based compliant control. Analysis of experimental results suggests the importance of the relationship between teleoperation devices and controllers for real tasks.

Elvys Linhares Pontes, Carlos-Emiliano González-Gallardo, Georgeta Bordea et al.

Sentiment analysis, widely used in product reviews, also impacts financial markets by influencing asset prices through microblogs and news articles. Despite research in sentiment-driven finance, many studies focus on sentence-level classification, overlooking its practical application in trading. This study bridges that gap by evaluating sentiment-based trading strategies for generating positive alpha. We conduct a backtesting analysis using sentiment predictions from three models (two classification and one regression) applied to news articles on Dow Jones 30 stocks, comparing them to the benchmark Buy&Hold strategy. Results show all models produced positive returns, with the regression model achieving the highest return of 50.63% over 28 months, outperforming the benchmark Buy&Hold strategy. This highlights the potential of sentiment in enhancing investment strategies and financial decision-making.

Frank Cole, Yuxuan Zhao, Yulong Lu et al.

This paper investigates approximation-theoretic aspects of the in-context learning capability of the transformers in representing a family of noisy linear dynamical systems. Our first theoretical result establishes an upper bound on the approximation error of multi-layer transformers with respect to an $L^2$-testing loss uniformly defined across tasks. This result demonstrates that transformers with logarithmic depth can achieve error bounds comparable with those of the least-squares estimator. In contrast, our second result establishes a non-diminishing lower bound on the approximation error for a class of single-layer linear transformers, which suggests a depth-separation phenomenon for transformers in the in-context learning of dynamical systems. Moreover, this second result uncovers a critical distinction in the approximation power of single-layer linear transformers when learning from IID versus non-IID data.

Limeng Qiao, Yuxuan Zhao, Zhiyuan Li et al.

Few-shot object detection, which aims at detecting novel objects rapidly from extremely few annotated examples of previously unseen classes, has attracted significant research interest in the community. Most existing approaches employ the Faster R-CNN as basic detection framework, yet, due to the lack of tailored considerations for data-scarce scenario, their performance is often not satisfactory. In this paper, we look closely into the conventional Faster R-CNN and analyze its contradictions from two orthogonal perspectives, namely multi-stage (RPN vs. RCNN) and multi-task (classification vs. localization). To resolve these issues, we propose a simple yet effective architecture, named Decoupled Faster R-CNN (DeFRCN). To be concrete, we extend Faster R-CNN by introducing Gradient Decoupled Layer for multi-stage decoupling and Prototypical Calibration Block for multi-task decoupling. The former is a novel deep layer with redefining the feature-forward operation and gradient-backward operation for decoupling its subsequent layer and preceding layer, and the latter is an offline prototype-based classification model with taking the proposals from detector as input and boosting the original classification scores with additional pairwise scores for calibration. Extensive experiments on multiple benchmarks show our framework is remarkably superior to other existing approaches and establishes a new state-of-the-art in few-shot literature.

Yuxuan Zhao, Xinyan Cao, Jinlong Lin et al.

There has been an encouraging progress in the affective states recognition models based on the single-modality signals as electroencephalogram (EEG) signals or peripheral physiological signals in recent years. However, multimodal physiological signals-based affective states recognition methods have not been thoroughly exploited yet. Here we propose Multiscale Convolutional Neural Networks (Multiscale CNNs) and a biologically inspired decision fusion model for multimodal affective states recognition. Firstly, the raw signals are pre-processed with baseline signals. Then, the High Scale CNN and Low Scale CNN in Multiscale CNNs are utilized to predict the probability of affective states output for EEG and each peripheral physiological signal respectively. Finally, the fusion model calculates the reliability of each single-modality signals by the Euclidean distance between various class labels and the classification probability from Multiscale CNNs, and the decision is made by the more reliable modality information while other modalities information is retained. We use this model to classify four affective states from the arousal valence plane in the DEAP and AMIGOS dataset. The results show that the fusion model improves the accuracy of affective states recognition significantly compared with the result on single-modality signals, and the recognition accuracy of the fusion result achieve 98.52% and 99.89% in the DEAP and AMIGOS dataset respectively.