“In 2016, the Belgian brewery De Halve Maan (DHM) completed the construction of a pipeline that now transports beer from its brewery in Bruges to its bottling plant located in a modern industrial park 3.2 kilometers away.” An unusual aspect of the project was that it was partly crowdfunded via a scheme which gave investors […]
Tag: derivatives
Fock: Performance of Candlestick Analysis
A researcher named Fock, together with some colleagues, throws water on a financial investment practice called “candlestick analysis”: “Performance of Candlestick Analysis on Intraday Futures Data,” J. Henning Fock, et. al., Journal of Derivatives, Fall 2005, Vol. 13, No. 1: pp. 28-40. The authors write: “Many practitioners use technical trading in derivatives markets, especially futures. […]
Smirkness in Economics
Those who follow developments in the derivatives market, and particularly in its sub-section, the options market, may be aware of the concept of Smirkness. It was first proposed at the 2005 China International Conference in Finance, where professors Jin Zhang and Yi Xiang presented their paper ‘Implied Volatility Smirk’ “In this paper, we propose a new […]