Real-World & Alternative DataExtended setlive in productionNew
Drought Pdsi Agribusiness
Updated weeklyData needs: mediumlong onlyshort onlylong short
paper
2019
Source
Hong, H., Li, F., Xu, J. (2019). "Climate risks and market efficiency." Journal of Econometrics, 208, 265-281.
Read the paper →
In plain terms
Long-running farm-belt drought → long water utilities + seed; short food processors.
How it works
Sustained D2+ drought in farm-belt → water utilities long; pure-yield ag short.
No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies
- Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
- Usdm drought
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- 50-100 bps/mo
- Tested over
- T+0 to T+90d
50-100 bps/month drift.
Example tickers where this is likely to fire
Illustrative only, the signal fires based on the live data, not a fixed list.
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USDA WASDE yield surprises → ADM/BG hurt by upside, DE/AGCO hurt by downside.
Explore Drought Pdsi Agribusiness on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.