Conlon, Thomas; Cotter, John - In: Energy Economics 36 (2013) C, pp. 371-379
-horizons using the wavelet transform. Next, associated hedging effectiveness is contrasted for a range of risk metrics, with all … metrics showing increasing hedging effectiveness at longer horizons. Moreover, decreased hedging effectiveness is demonstrated … across the different hedging objectives, time-horizon effects are found to dominate confirming the importance of the hedging …