The study looked at energy and stock markets to find a way to manage risk for investors and firms. They used high-frequency data to analyze price changes and volatility. By including both jumps and leverage in their model, they were able to better predict risk in both markets. For natural gas futures, the model was best at forecasting risk for all types of investors. For S&P500 futures, it was most accurate for risk-averse investors. This model could help firms minimize risk when trading in these markets.