Table 2 The impact of all nine hedging... | Emerald Publishing

Table 2

The impact of all nine hedging strategies on the level of adjusted profit(in €/ha and year)

	Fixed-time strategies			Split-time strategies			Limit strategies
	Routine	Full	Levered	Routine	Full	Levered	Routine	Full	Levered
Mean	−5	−11	−21	−5	−10	−19	1	1	2
Standard deviation	3	6	13	3	6	11	1	2	4
Minimum	−23	−45	−91	−20	−40	−80	−4	−8	−15
Lower quartile	≤ −7	≤ −14	≤ −29	≤ −6	≤ −13	≤ −26	≤0	≤0	≤0
Median	−5	−10	−19	−4	−9	−17	0	1	2
Upper quartile	≥ −3	≥ −6	≥ −12	≥ −3	≥ −5	≥ −10	≥1	≥2	≥4
Maximum	2	5	9	0	1	1	9	17	35

	Fixed-time strategies			Split-time strategies			Limit strategies
	Routine	Full	Levered	Routine	Full	Levered	Routine	Full	Levered
Mean	−5	−11	−21	−5	−10	−19	1	1	2
Standard deviation	3	6	13	3	6	11	1	2	4
Minimum	−23	−45	−91	−20	−40	−80	−4	−8	−15
Lower quartile	≤ −7	≤ −14	≤ −29	≤ −6	≤ −13	≤ −26	≤0	≤0	≤0
Median	−5	−10	−19	−4	−9	−17	0	1	2
Upper quartile	≥ −3	≥ −6	≥ −12	≥ −3	≥ −5	≥ −10	≥1	≥2	≥4
Maximum	2	5	9	0	1	1	9	17	35

Source(s): Representation based on own calculations