Table 6.
Summary parameters of time-varying weights for each portfolio (segment A: January 04, 2010, to November 30, 2019).
S&P500/GOLD | S&P 500/Wheat | S&P500/WTI | S&P500/Beverages | S&P500/Brent OIL | ||||||
---|---|---|---|---|---|---|---|---|---|---|
S&P500 | GOLD | S&P500 | Wheat | S&P500 | WTI | S&P500 | Beverages | S&P500 | Brent OIL | |
Mean | 0.61862 | 0.3813 | 0.94615 | 0.0538 | 0.98094 | 0.0190 | 0.78 | 0.22 | 0.99 | 0.01 |
Maximum | 1 | 0.9588 | 1 | 0.9136 | 1 | 0.4235 | 1 | 0.3257 | 1 | 0.22 |
Minimum | 0.04118 | 0 | 0.086352 | 0 | 0.57649 | 0 | 0.68 | 0 | 0.78 | 0 |
Note: This table shows summary statistics of time-varying weights calculated using Eq. (13).