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An Auxiliary Index for Reducing Brent Crude Investment Risk—Evaluating the Price Relationships between Brent Crude and Commodities
Examining the price relationships of Brent Crude with 78 global commodities, our study shows that the spot price of a certain commodity, New York Harbor No. 2 Heating Oil Spot Price FOB, can serve as an auxiliary forecasting index of the rise and fall of the monthly Brent Crude oil price. With an innovative view for evaluating the price relationship and prediction based on simple, practical measurement, our findings provide a helpful auxiliary index tool for investors and analysts by offering a high success rate (82.98%) and predicting the rise and fall of the monthly Brent Crude oil price three weeks in advance.
An Auxiliary Index for Reducing Brent Crude Investment Risk—Evaluating the Price Relationships between Brent Crude and Commodities
Examining the price relationships of Brent Crude with 78 global commodities, our study shows that the spot price of a certain commodity, New York Harbor No. 2 Heating Oil Spot Price FOB, can serve as an auxiliary forecasting index of the rise and fall of the monthly Brent Crude oil price. With an innovative view for evaluating the price relationship and prediction based on simple, practical measurement, our findings provide a helpful auxiliary index tool for investors and analysts by offering a high success rate (82.98%) and predicting the rise and fall of the monthly Brent Crude oil price three weeks in advance.
An Auxiliary Index for Reducing Brent Crude Investment Risk—Evaluating the Price Relationships between Brent Crude and Commodities
Yu-Wei Chen (author) / Chui-Yu Chiu (author) / Mu-Chun Hsiao (author)
2021
Article (Journal)
Electronic Resource
Unknown
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