Hedge Ratio (OHR) across different hedging time horizons. We examine whether hedge ratios calculated over a short term … hedging horizon can be scaled and successfully applied to longer term horizons. We also test the equivalence of scaled hedge … ratios with those calculated directly from lower frequency data and compare them in terms of hedging effectiveness. Our …

We propose a theoretical measure of income hedging demand and show that it affects asset prices. We focus on the value …, we demonstrate that state-level hedging demands predict state-level HML returns. A long-short portfolio that exploits … this hedging-induced predictability earns an annualized risk-adjusted return of 6% …

, Dow-Jones, Nikkei, S&P 500, Brent, and WTI futures can be effective hedging instruments. We use a wavelet-based dynamic … hedging model to account for heterogeneous investors in the Bitcoin market. For a short-term horizon, soybean futures reduce … are the best for in-sample hedging in a long-term horizon, whereas live cattle futures have the best out …