The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors
The volatility of Shanghai crude oil futures prices is researched in this paper. The cusp catastrophe analysis of Shanghai crude oil futures price is based on the perspective of volatility influencing factors. Some important factors are selected based on commodity attributes and financial attributes...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2022/5367693 |
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| _version_ | 1850166199909875712 |
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| author | Weifeng Gong Yahui Li Chuanhui Wang Haixia Zhang Zhengjie Zhai |
| author_facet | Weifeng Gong Yahui Li Chuanhui Wang Haixia Zhang Zhengjie Zhai |
| author_sort | Weifeng Gong |
| collection | DOAJ |
| description | The volatility of Shanghai crude oil futures prices is researched in this paper. The cusp catastrophe analysis of Shanghai crude oil futures price is based on the perspective of volatility influencing factors. Some important factors are selected based on commodity attributes and financial attributes, including certain China’s macrofactors, such as producer price index and macroeconomic prosperity index. The principal component analysis is used to process the factors. The control variables of the cusp catastrophe model are extracted. The discriminant of the cusp catastrophe model and the principal component analysis are combined to determine the month of mutation. The three-dimensional renderings and plane projections of Shanghai crude oil futures price mutations in 2018 and 2019 are presented. The model is tested by comparing the time points of price sudden change nodes and emergencies. The results show that only nine factors can be used to roughly determine whether the Shanghai crude oil futures price has a sudden change. During the analysis period, the mutation months are May 2018, December 2018, February 2019, June 2019, and September 2019. It can be proved that the established model has certain feasibility and accuracy. |
| format | Article |
| id | doaj-art-dd8e00a160f24a7fb2a834dd007c9160 |
| institution | OA Journals |
| issn | 1099-0526 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-dd8e00a160f24a7fb2a834dd007c91602025-08-20T02:21:30ZengWileyComplexity1099-05262022-01-01202210.1155/2022/5367693The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility FactorsWeifeng Gong0Yahui Li1Chuanhui Wang2Haixia Zhang3Zhengjie Zhai4School of EconomicsLiaocheng Municipal Tax ServiceSchool of EconomicsSchool of EconomicsSchool of EconomicsThe volatility of Shanghai crude oil futures prices is researched in this paper. The cusp catastrophe analysis of Shanghai crude oil futures price is based on the perspective of volatility influencing factors. Some important factors are selected based on commodity attributes and financial attributes, including certain China’s macrofactors, such as producer price index and macroeconomic prosperity index. The principal component analysis is used to process the factors. The control variables of the cusp catastrophe model are extracted. The discriminant of the cusp catastrophe model and the principal component analysis are combined to determine the month of mutation. The three-dimensional renderings and plane projections of Shanghai crude oil futures price mutations in 2018 and 2019 are presented. The model is tested by comparing the time points of price sudden change nodes and emergencies. The results show that only nine factors can be used to roughly determine whether the Shanghai crude oil futures price has a sudden change. During the analysis period, the mutation months are May 2018, December 2018, February 2019, June 2019, and September 2019. It can be proved that the established model has certain feasibility and accuracy.http://dx.doi.org/10.1155/2022/5367693 |
| spellingShingle | Weifeng Gong Yahui Li Chuanhui Wang Haixia Zhang Zhengjie Zhai The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors Complexity |
| title | The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors |
| title_full | The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors |
| title_fullStr | The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors |
| title_full_unstemmed | The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors |
| title_short | The Catastrophe Analysis of Shanghai Crude Oil Futures Price from the Perspective of Volatility Factors |
| title_sort | catastrophe analysis of shanghai crude oil futures price from the perspective of volatility factors |
| url | http://dx.doi.org/10.1155/2022/5367693 |
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