Without time data, it is very difficult to do. It could be modelled, but it would be necessary to see if the model is really good, and if it can follow the data. Naturally, it is always a little more difficult to do with financial data, in the economic context. Empirically, I feel it would be very difficult to do. However, the more theoretical models that we have could give us a glimpse.
On January 30th, 2017. See this statement in context.