Table 5 Out-of-sample hedge performance
From: Hedging ship price risk using freight derivatives in the drybulk market
Vessel age | Hedge ratio | Out-of-sample |
|---|---|---|
5-year | 0.531 | 72.4% |
10-year | 0.645 | 73.1% |
15-year | 0.771 | 66.6% |
20-year | 0.639 | 40.3% |
From: Hedging ship price risk using freight derivatives in the drybulk market
Vessel age | Hedge ratio | Out-of-sample |
|---|---|---|
5-year | 0.531 | 72.4% |
10-year | 0.645 | 73.1% |
15-year | 0.771 | 66.6% |
20-year | 0.639 | 40.3% |