Date of Award
8-2020
Degree Type
Creative Project
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Tyler Brough
Committee
Tyler Brough
Committee
Benjamin Blau
Committee
Pedram Jahangiry
Abstract
There has been significant debate surrounding Metallgesellschaft's derivatives based fixed-price marketing strategy. Most of this debate relates to Metallgesellschaft's choice to use a one-for-one hedge ratio instead of an alternative hedge ratio optimized for risk management. I contribute to this discussion by reexamining the hedging strategy of Metallgesellschaft and use the Test for Superior Predictive Ability to determine whether any hedge ratio less than one outperforms the one-for-one hedge utilized by Metallgesellschaft.
Recommended Citation
Haddock, Christopher, "Reexamining Metallgesellschaft’s Hedging Policy: Does Anything Beat a One-For-One Hedge Ratio?" (2020). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 1465.
https://digitalcommons.usu.edu/gradreports/1465
Included in
Copyright for this work is retained by the student. If you have any questions regarding the inclusion of this work in the Digital Commons, please email us at .