Futures-Positioning#359tier 2experimental liveNew

cot managed money extreme reversal

cadence: Weeklydata: mediumlong onlyshort only
paper
2012
Source
Hong, H. & Yogo, M. (2012). "What Does Futures Market Interest Tell Us About the Macroeconomy and Asset Prices?" Journal of Financial Economics 105(3), 473-490.
Read the paper →

What it checks

When managed-money speculators are extremely long a commodity, fade them on the equity proxy — they tend to be wrong at extremes.

Mechanism

Extreme managed-money positioning in commodity futures predicts ~3-month reversal in the underlying commodity and its equity proxies.

No production champion data for this family yet. Stats appear once the discovery pipeline promotes at least one strategy with this family tag, or once a multi-family blend that includes it earns a champion slot.

Signal rule

MM net long top decile of trailing 1y -> SHORT commodity-equity proxy; bottom decile -> LONG; hold 21/63/126d.

Data dependencies

  • daily_prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • cftc_cot

    Worker data table — see services/worker schema.

Expected edge

Paper alpha
±5-8% over 3mo
Paper window
21/63/126d

Hong-Yogo 2012; ~5-8% over 3mo on extreme decile fades.

Example tickers where this is likely to fire

Illustrative only — the signal fires based on the live data, not a fixed list.

Related families

Explore cot managed money extreme reversal on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more