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Rough semimartingales and p-variation estimates for martingale transforms

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arxiv 2008.08897 v2 pith:FMIQNKU2 submitted 2020-08-20 math.PR math.CA

Rough semimartingales and p-variation estimates for martingale transforms

classification math.PR math.CA
keywords roughmartingalesemimartingalesestimatespathstheorytransformsvariation
verification ladder T0 review T1 audit T2 compute T3 formal T4 reserved
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We establish a new scale of $p$-variation estimates for martingale paraproducts, martingale transforms, and It\^o integrals, of relevance in rough paths theory, stochastic, and harmonic analysis. As an application, we introduce rough semimartingales, a common generalization of classical semimartingales and (controlled) rough paths, and their integration theory.

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    A coordinate transform on the tensor algebra lets expected signatures of augmented rough processes be computed by deterministic integration of Gaussian/polynomial correlators, dramatically reducing numerical cost.