We suggest that the redshift of photons traveling from past to future null infinity through a collapsing object could provide an observational signature capable of differentiating between the formation of a globally naked singularity and the formation of an event horizon. Supporting evidence for this idea is drawn from the analysis of photons with zero angular momentum through the center of a collapsing spherical dust cloud. We show that the frequency shift as a function of proper time with respect to stationary observers has distinct features depending on whether the object collapses to a black hole or a naked singularity.Introduction. The possibility that nature admits the formation of stable naked singularities as a result of the complete gravitational collapse of a bounded system has not been ruled out so far. Indeed, a general proof or disproof of the weak cosmic censorship conjecture [1] still constitutes a challenging problem for theoretical physics [2,3]. However, it has been shown that naked singularities appear within simplified collapse models with a high degree of symmetry. For instance, this is the case for the collapse of a spherical dust cloud [4][5][6][7][8] or the spherical collapse of a massless scalar field [9,10]. Although the naked singularities in the latter case are harmless in the sense that they have been shown to be unstable [11], the situation in the dust collapse case is not so clear. Unlike the scalar field case, the naked singularities encountered in the dust model are stable under spherical perturbations [5,12,13]. A highly relevant question is whether or not they are also stable under nonspherical perturbations. For progress on this important issue, see for instance Refs. [14][15][16][17][18][19][20][21].From the theoretical and in particular the astrophysical point of view, it is important to have ready made theoretical tools capable of differentiating the formation of a naked singularity from the formation of an event horizon during the collapse of a bounded system. Important information regarding the nature of a collapsing object is revealed from the study of the spectrum of electromagnetic radiation emitted from the surface or the interior of the object, see for example Refs. [22][23][24][25][26][27][28]. In this work, following [29], we consider a different physical scenario in which the radiation, instead of being generated from the interior of the collapsing object is originated from a distant source and crosses the collapsing object without interacting with the matter. For instance, this radiation could be emitted from a distant supernova explosion or be part of the cosmic microwave background. Our scenario has some similarities with the idea based on gravitational lensing in [30][31][32] aiming to distinguish the naked singularity described by a static, spherically symmetric solution of the Einstein massless scalar field equations from a black hole, and also with the recent proposal in [33]. However, in contrast to the approaches in [30][31][32][33], the present work expl...