Advanced Positioning, Flow, and Sentiment Analysis in Commodity Markets

The definitive book on Positioning Analysis -- a powerful and sophisticated framework to help traders, investors and risk managers better understand commodity markets

Positioning Analysis is a powerful framework to better understand commodity price dynamics, risk, and sentiment. It indicates what each category of trader is doing--what they are trading, how much they are trading and how they might behave under a variety of different circumstances. It is essential in isolating specific types of flow patterns, defining behavioral responses, measuring shifts in sentiment, and developing tools for better risk management. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets explains the fundamentals of Positioning Analysis and presents new concepts in Commodity Positioning Analytics. This invaluable guide helps readers recognize how certain types of positioning patterns can be used to develop models, indicators, and analyses that can be used to enhance performance.

This updated second edition contains substantial new material, including analytics based on the analysis of flow, the decomposition of trading flows, trading activity in the Chinese commodity markets, and the inclusion of Newsflow into Positioning Analysis. Author: Mark J S Keenan, also covers the structure of positioning data, performance attribution of speculators, sentiment analysis and the identification of price risks and behavioral patterns that can be used to generate trading signals.. This must-have resource:

• Offers intuitive and accessible guidance to commodity market participants and risk managers at various levels and diverse areas of the market

• Provides a wide range of analytics that can be used directly or integrated into a variety of different commodity-related trading, investment, and risk management programs

• Features an online platform comprising a wide range of customizable, regularly-updated analytical tools

• Contains an abundance of exceptional graphics, charts, and illustrations

• Includes easy-to-follow instructions for building analytics.

Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets: Bridging Fundamental and Technical Analysis, 2nd Edition is an indispensable source of information for all types of commodity traders, investors, and speculators, as well as investors in other asset classes who look to the commodity markets for price information.

Auteur

MARK J S KEENAN is Managing Director, Global Commodities Strategist, and Head of Research for Asia-Pacific at Société Générale Corporate & Investment Bank (SG CIB) based in Singapore. He has over 20 years of research, trading and investment experience across all major commodity markets. Mark has worked in asset management, risk management and investment banking in both London and Singapore and developed a number of innovative trading, investment and risk management solutions for corporates, trade houses, investment institutions and hedge funds. He appears regularly on CNBC and Bloomberg television and is quoted widely in global press and media channels. He has a master's degree in Molecular and Cellular Biochemistry from Oxford University.

Texte du rabat
MANAGE RISK MORE EFFECTIVELY AND DEVELOP A BETTER UNDERSTANDING OF COMMODITY PRICE DYNAMICS, RISK AND SENTIMENT WITH POSITIONING ANALYSIS Understanding and predicting the behaviour of other traders is essential in commodities markets, where factors like positioning, sentiment, newsflow, currency dynamics and fluctuations in macroeconomic variables are of paramount importance. This book representing a significant expansion and update of Positioning Analysis in Commodity Markets will introduce you to the fundamentals of positioning analysis and equip you with advanced models and methodologies, including dry powder analysis, the overbought/oversold framework and machine learning. The Chinese commodities market is discussed, as are new ways of disentangling flow dynamics within a commodity market. Along with the book, you will get access to a robust companion website including an extensive database of powerful, customisable analytics and models. All types of commodities traders, from hedge fund managers to farmers, will benefit from the flexible and adaptive techniques presented inside. Commodity investment expert Mark Keenan has created a valuable framework for analysing positioning, either in isolation or as part of a broader investment process.

Résumé
The definitive book on Positioning Analysis a powerful and sophisticated framework to help traders, investors and risk managers better understand commodity markets

Positioning Analysis is a powerful framework to better understand commodity price dynamics, risk, and sentiment. It indicates what each category of trader is doingwhat they are trading, how much they are trading and how they might behave under a variety of different circumstances. It is essential in isolating specific types of flow patterns, defining behavioral responses, measuring shifts in sentiment, and developing tools for better risk management. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets explains the fundamentals of Positioning Analysis and presents new concepts in Commodity Positioning Analytics. This invaluable guide helps readers recognize how certain types of positioning patterns can be used to develop models, indicators, and analyses that can be used to enhance performance.

This updated second edition contains substantial new material, including analytics based on the analysis of flow, the decomposition of trading flows, trading activity in the Chinese commodity markets, and the inclusion of Newsflow into Positioning Analysis. Author: Mark J S Keenan, also covers the structure of positioning data, performance attribution of speculators, sentiment analysis and the identification of price risks and behavioral patterns that can be used to generate trading signals.. This must-have resource:

• Offers intuitive and accessible guidance to commodity market participants and risk managers at various levels and diverse areas of the market
• Provides a wide range of analytics that can be used directly or integrated into a variety of different commodity-related trading, investment, and risk management programs
• Features an online platform comprising a wide range of customizable, regularly-updated analytical tools
• Contains an abundance of exceptional graphics, charts, and illustrations
• Includes easy-to-follow instructions for building analytics.
  Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets: Bridging Fundamental and Technical Analysis, 2nd Edition is an indispensable source of information for all types of commodity traders, investors, and speculators, as well as investors in other asset classes who look to the commodity markets for price information.

Contenu

About the Author xi

Acknowledgements xiii

Preface xv

About the Companion Website xvii

Introduction 1

Chapter 1 Advanced Positioning, Flow, and Sentiment Analysis in Commodity Markets 7

1.1 Positioning Analysis What is It? 8

1.2 The History of Positioning Data, the COT Report, and the Agencies that Provide the Data 10

1.3 Misunderstandings and Issues in Positioning Analysis 10

1.4 Futures and Options Data 17

Chapter 2 The Structure of the Positioning Data 19

2.1 The Structure of Positioning Data 20

2.2 Positioning Data for the London Metal Exchange (LME) The MiFID Classifications 28

2.3 Other Types of Positioning and Flow Data 33

2.4 The Structure of Commodity Markets 34

Chapter 3 Performance Attribution An Insight into Sentiment and Behavioural Analysis? 45

3.1 The Proliferation of Speculative Positioning Data 46

3.2 Why is Positioning Data Interesting 47

3.3 Measuring the Skill or Performance of MMs 48

3.4…