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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Brian DeChesare

The fundamentals do not relate to EBITDA , Free Cash Flow , or valuation multiples but to factors like the weather, human behavior, geopolitics, and supply and demand. You think about these issues and commodity-specific factors, such as pipeline/plant capacity, outages, and new drilling activity for oil, to predict how prices might change.

Finance 104
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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Market alpha Many of these corporate finance variables, such as the costs of equity and capital, debt ratios and accounting returns also find their way into my valuations, but I add a few variables that are more attuned to my valuation and pricing data needs as well. EBIT & EBITDA multiple s 5. Dividend yield & payout 3.