Optimal portfolio weights, optimal portfolio hedge ratio and hedging effectiveness
| Pair | Optimal portfolio weights | Optimal portfolio hedge ratio | Hedging effectiveness |
|---|---|---|---|
| SP-ICE | 0.82847034 | 0.8858113575 | 0.9063175099 |
| NDX-SP | 0.00000000 | 1.3273290472 | 0.9045714246 |
| Brent-WTI | 0.65284967 | 0.9200731187 | 0.8744255022 |
| NDX-ICE | 0.00310805 | 1.2103007280 | 0.8554082834 |
| Gold-Silver | 1.00000000 | 0.3904657189 | 0.5961609252 |
| ICE-VIX | 0.90030445 | −0.1031677933 | 0.5451699499 |
| SP-VIX | 0.90434509 | −0.0999073372 | 0.5449159192 |
| SAND-AXS | 0.50085669 | 0.8580278040 | 0.5318927141 |
| NDX-VIX | 0.87567928 | −0.1274401047 | 0.4673802494 |
| AXS-EGLD | 0.29252451 | 0.7980273434 | 0.4455908927 |
| BTC-SAND | 0.96425768 | 0.4218888229 | 0.4310864570 |
| BTC-AXS | 0.96831835 | 0.4175586708 | 0.4257240802 |
| BTC-STX | 0.99150382 | 0.3873223158 | 0.4105495220 |
| BTC-RNDR | 0.98637649 | 0.2977160266 | 0.3560769601 |
| SAND-EGLD | 0.26869466 | 0.8505462136 | 0.3451403972 |
| BTC-EGLD | 0.82809126 | 0.4405062786 | 0.3385207804 |
| RNDR-SAND | 0.27839108 | 0.7438831598 | 0.3220029331 |
| STX-AXS | 0.39300939 | 0.6785050579 | 0.3181655077 |
| RNDR-EGLD | 0.17667608 | 0.8233682028 | 0.3078708675 |
| RNDR-AXS | 0.28119082 | 0.7120405658 | 0.3075921216 |
| Pair | Optimal portfolio weights | Optimal portfolio hedge ratio | Hedging effectiveness |
|---|---|---|---|
| SP-ICE | 0.82847034 | 0.8858113575 | 0.9063175099 |
| NDX-SP | 0.00000000 | 1.3273290472 | 0.9045714246 |
| Brent-WTI | 0.65284967 | 0.9200731187 | 0.8744255022 |
| NDX-ICE | 0.00310805 | 1.2103007280 | 0.8554082834 |
| Gold-Silver | 1.00000000 | 0.3904657189 | 0.5961609252 |
| ICE-VIX | 0.90030445 | −0.1031677933 | 0.5451699499 |
| SP-VIX | 0.90434509 | −0.0999073372 | 0.5449159192 |
| SAND-AXS | 0.50085669 | 0.8580278040 | 0.5318927141 |
| NDX-VIX | 0.87567928 | −0.1274401047 | 0.4673802494 |
| AXS-EGLD | 0.29252451 | 0.7980273434 | 0.4455908927 |
| BTC-SAND | 0.96425768 | 0.4218888229 | 0.4310864570 |
| BTC-AXS | 0.96831835 | 0.4175586708 | 0.4257240802 |
| BTC-STX | 0.99150382 | 0.3873223158 | 0.4105495220 |
| BTC-RNDR | 0.98637649 | 0.2977160266 | 0.3560769601 |
| SAND-EGLD | 0.26869466 | 0.8505462136 | 0.3451403972 |
| BTC-EGLD | 0.82809126 | 0.4405062786 | 0.3385207804 |
| RNDR-SAND | 0.27839108 | 0.7438831598 | 0.3220029331 |
| STX-AXS | 0.39300939 | 0.6785050579 | 0.3181655077 |
| RNDR-EGLD | 0.17667608 | 0.8233682028 | 0.3078708675 |
| RNDR-AXS | 0.28119082 | 0.7120405658 | 0.3075921216 |
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