$begingroup$ In the event you evaluate just an individual example, it could seem like the frequency of hedging right effects the EV/Avg(Pnl), like in the problem you explained in which hedging every moment proved to become additional lucrative. Pero, si redefinimos el objetivo dando detalles tendremos mucho más claras las https://www.youtube.com/watch?v=qMmsQ4kKgY4