portfolios to maximize returns and reduce risk differently in times of crisis, and a lack of diversification of raw materials is …

This study analyses the impact of the Geopolitical Risk Index (GPR) on the volatility of commodity futures returns from … insights highlight the importance of geopolitical risks on commodity market volatility and returns, aiding in risk management …

We develop a new approach to determine investors' risk compensations for all distributional moments of a security … returns and their compensation for entropy risk. Entropy risk premium (ERP), the difference of entropy under the physical and … risk-neutral measures, indicates the cost to financially hedge against changes in risks associated with the entire return …

I investigate the relationship between carry trades and tail risk for a panel of commodity futures contracts. Unlike … significant effect on tail risk mostly in the short term and for the front end of the futures curve. In addition, the empirical … speculators and insurance providers are subject to limited risk capacity and financing liquidity constraints …