{"id":"W4410472933","doi":"10.1016/j.najef.2025.102463","title":"Hedging downside risk for REITs","year":2025,"lang":"en","type":"article","venue":"The North American Journal of Economics and Finance","topic":"Insurance and Financial Risk Management","field":"Economics, Econometrics and Finance","cited_by":2,"is_retracted":false,"has_abstract":true,"ca_institutions":"University of Guelph","funders":"","keywords":"Downside risk; Real estate investment trust; Economics; Financial economics; Business; Finance; Real estate; Portfolio","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.0008209972,0.0001393496,0.0005363924,0.0001813236,0.0002477866,0.00006500552,0.00031318,0.00002400897,0.000002014754],"category_scores_gemma":[0.000109818,0.0001240904,0.0001656987,0.0002372641,0.0001957231,0.0001671545,0.00005440293,0.0001897421,0.000008381071],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.00005478847,"about_ca_system_score_gemma":0.00004210658,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.0001164132,"about_ca_topic_score_gemma":0.0001457376,"domain_scores_codex":[0.9987217,0.0000122198,0.0007838583,0.0002143644,0.00001217582,0.0002557017],"domain_scores_gemma":[0.9981275,0.0001268103,0.001414697,0.000243268,0.00005860915,0.00002918275],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"not_applicable","study_design_scores_codex":[0.0002480571,0.0000450968,0.184427,0.00002032366,0.0001646384,0.000002277524,0.0003919878,0.006936576,3.050156e-7,0.5365613,0.001087764,0.2701147],"study_design_scores_gemma":[0.001021423,0.0003865012,0.387289,0.00003469424,0.00004158865,0.000008862086,0.0001658705,0.005334167,0.00001315542,0.1156321,0.4897877,0.000284864],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9828274,0.003346929,0.009265739,0.001608956,0.0005387447,0.0001928216,0.00009769096,0.000004086307,0.002117654],"genre_scores_gemma":[0.9656391,0.0312639,0.001830312,0.0007494065,0.0001600801,0.00001300275,0.000001221943,0.00001261948,0.0003303402],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.4886999,"threshold_uncertainty_score":0.506026,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01181889724819427,"score_gpt":0.2044342259987638,"score_spread":0.1926153287505696,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}