---
title: New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions
url: https://www.ml-quant.com/papers/ssrn/4617533/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4617533
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4617533
featured: 2023-11-02
citations: 0
topic: Derivatives & Volatility
---


# New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions

A study of the oil futures market from 1986 to 2020 reveals patterns and relationships between inventory, basis, hedging pressure, and futures risk premium, emphasizing the importance of the data measurement period.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4617533
- Identifier: SSRN 4617533
- Released: 2023-10-30
- First featured: Quant Letter No. 24 (2023-11-02): https://www.ml-quant.com/issues/2023-11-02/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Derivatives & Volatility

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