Tail Risk in the Chinese Vegetable Oil Market: Based on the EGAS-EVT Model

<table class="table-group" id="tab5"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">Soybean oil</td><td class="align_center">Rapeseed oil</td><td class="align_center">Palm oil</td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td class="align_left">Long position <svg height="6.1673pt" id="M107" style="vertical-align:-0.2063904pt" version="1.1" viewbox="-0.0498162 -5.96091 7.11985 6.1673" width="7.11985pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M515 96L502 119C471 88 431 62 423 62C416 62 411 70 417 101C440 223 469 341 497 448H486L412 422L380 277C330 188 210 57 152 57C137 57 126 69 139 124L195 366C210 431 205 448 182 448C155 448 89 413 23 350L36 326C73 354 103 376 112 376C118 376 118 365 113 340L61 118C54 90 52 68 52 51C52 0 75 -12 98 -12S151 -3 181 17C242 58 305 119 362 193H364L345 104C323 3 339 -12 359 -12C390 -12 464 35 515 96Z"></path></g></svg></td><td class="align_center">−1.279089</td><td class="align_center">−1.070747</td><td class="align_center">−1.521152</td></tr><tr><td class="align_left">Short position <svg height="6.1673pt" id="M108" style="vertical-align:-0.2063904pt" version="1.1" viewbox="-0.0498162 -5.96091 7.11985 6.1673" width="7.11985pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M515 96L502 119C471 88 431 62 423 62C416 62 411 70 417 101C440 223 469 341 497 448H486L412 422L380 277C330 188 210 57 152 57C137 57 126 69 139 124L195 366C210 431 205 448 182 448C155 448 89 413 23 350L36 326C73 354 103 376 112 376C118 376 118 365 113 340L61 118C54 90 52 68 52 51C52 0 75 -12 98 -12S151 -3 181 17C242 58 305 119 362 193H364L345 104C323 3 339 -12 359 -12C390 -12 464 35 515 96Z"></path></g></svg></td><td class="align_center">1.219153</td><td class="align_center">1.048097</td><td class="align_center">1.188821</td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Thresholds <svg height="6.11508pt" id="M106" style="vertical-align:-0.1933298pt" version="1.1" viewbox="-0.0498162 -5.92175 7.3417 6.11508" width="7.3417pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M542 56L520 58C483 62 478 72 478 124V449C455 445 422 441 387 438C351 435 316 432 287 431V402L318 395C345 389 350 383 350 336V93C328 71 306 65 279 65C245 65 211 88 211 153V298C211 356 211 407 214 449C187 445 151 441 118 438C84 435 53 432 28 431V402L51 395C77 388 83 383 83 337V130C83 42 131 -12 214 -12C245 -12 272 -1 300 18C322 31 333 41 350 55V-5L359 -12C389 -5 420 2 452 8C485 15 513 20 542 24V56Z"></path></g></svg> selection.</div>

Discrete Dynamics in Nature and Society

tab5

Table 5

Table 5: Tail Risk in the Chinese Vegetable Oil Market: Based on the EGAS-EVT Model 