Keywords: Backwardation
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Journal Articles
Journal of Risk Finance (2020) 21 (3): 233–251.
Published: 23 June 2020
... or backwardation (MCB volatility risk factor) derived from VIX and VIX3M may affect the pricing of assets. Design/methodology/approach This paper focuses on the statistical inference of three defined MCB risk factors when cross-examined with Fama–French’s five factors: the market factor Rm...

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