Download or read book Hedging with Stock Index Futures written by Stephen Figlewski and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hedging with stock index futures written by Tet Loong Hew and published by . This book was released on 1987 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hedging a Portfolio with Futures written by Marco Scheidler and published by GRIN Verlag. This book was released on 2007-06 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, Wright State University (Raj Soin College of Business), 16 entries in the bibliography, language: English, abstract: Abstract Undertaking business always involves taking risk. The future development of a company and their business is more uncertain the higher the risk that the company is facing. Risk management is a important factor in operating business. With the development of future markets entrepreneurs and investors obtained another risk management tool that made it possible to reduce risk. Futures are derivatives that can be used either for speculating or risk management. Especially in the area of financial futures, a rapid growth could be observed during the last few decades. Almost every month a new type of contract appears to meet the needs of a continuously growing corporate and institutional market. This paper considers future contracts as hedging application to reduce price risk. Futures are standardized contracts to buy or sell an asset in the future. There are various types of futures which differ in the type of the underlying asset. Futures are traded at organized exchanges. We consider the trading of future, their requirements, and market participants and their motivation. Different commercial users of future contracts hedge in different ways. A long hedge is used to reduce price risk of an anticipated purchase whereas a short hedge reduces the price risk of an asset that is already held. If there is no exact, the hedgers needs matching, contract available, the hedger should use a cross hedging strategy. With all these strategies the hedger takes, to the asset opposite, a position in the future market that is highly correlated with the change in price of the asset in the spot market. Losses in one market are offset by gains in the other market. For a successful hedge it is essential to choose an appropriate contract an

Download or read book How to Make Money in Stock Index Futures written by Courtney D. Smith and published by McGraw-Hill Companies. This book was released on 1989 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thorough education in what you need to know to trade effectively in stock index futures -- Trading and Hedging Strategies -- Spreads -- Market Analysis Techniques -- The Trading Plan -- Evaluating the Underlying Index -- Determining Future Trends.

Download or read book Use of Stock Index Futures for Hedging Portfolios written by Keith A. Sponseller and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Use of Three Stock Index Futures in Hedging Decisons written by Joan C. Junkus and published by . This book was released on 1984 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stock index futures written by Jay Paul Levin and published by . This book was released on 1984 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interest Rate and Stock Index Futures and Options written by Robert W. Kolb and published by . This book was released on 1985 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stock Index Futures written by Frank J. Fabozzi and published by Irwin Professional Publishing. This book was released on 1984 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamic Hedging by Using Stock Index Futures written by Che-Kun Hsu and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hedging with Stock Index Futures Downside Risk Versus the Variance written by M. van der Nat and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hedging Commodities written by Slobodan Jovanovic and published by Harriman House Limited. This book was released on 2014-02-03 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an invaluable resource of hedging case studies and examples, explaining with clarity and coherence how various instruments - such as futures and options - are used in different market scenarios to contain, control and eliminate price risk exposure. Its core objective is to elucidate hedging transactions and provide a systematic, comprehensive view on hedge performance. When it comes to hedge strategies specifically, great effort has been employed to create new instruments and concepts that will prove to be superior to classic methods and interpretations. The concept of hedge patterns - introduced here - proves it is possible to tabulate a hedging strategy and interpret its use with diagrams, so each example is shown visually with the result of radical clarity. A compelling visual pattern is also attached to each case study to give you the ability to compare different solutions and apply a best-fit hedging strategy in real-world situations. A diverse range of hedging transactions showing the ultimate payoff profiles and performance metrics are included. These have been designed to achieve the ultimate goal - to convey the necessary skills to allow business and risk management teams to develop proper hedging mechanisms and apply them in practice.

Download or read book Stock Index Futures Hedging written by Phil Holmes and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Hedging Strategy in Stock Index Futures Markets written by Weijun Xu and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we search for optimal hedging strategy in stock index futures markets. We concentrate on the strategy that minimizes the portfolio risk, i.e., minimum variance hedge ratio (MVHR) estimated from a range of time series models with different assumptions of market volatility. They are linear regression models that assume time-invariant volatility; GARCH-type models that assume time-varying volatility, Markov regime switching (MRS) regression models that assume state-varying volatility, and MRS GARCH models that assume both time-varying and state-varying volatility. We use both maximum likelihood estimation (MLE) and Bayesian Gibbs-sampling approach to estimate the models in four commonly used index futures contracts: Samp;P 500, FTSE 100, Nikkei 225 and Hang Seng index. We apply risk reduction and utility maximization criterions to evaluate hedging performance of MVHRs estimated from these models. The in-sample results show that the optimal hedging strategy for the Samp;P 500 and the Hang Seng index futures contracts is the MVHR estimated using the MRS-OLS model, while the optimal hedging strategy for the Nikkei 225 and the FTSE 100 futures contracts is the MVHR estimated using the asymmetric-Diagonal-BEKK-GARCH and the asymmetric-DCC-GARCH model, respectively. As in the out-of-sample investigation, the optimal strategy for the Samp;P 500 index futures remains unchanged while the optimal strategy for other futures contracts is different from the in-sample results. The MVHR estimated from the MRS-VECM model perform the best for the Nikkei 225 futures contract. The scalar-BEEK-GARCH model delivers the optimal strategy for both the FTSE 100 and the Hang Seng index futures contracts. Overall the evidence suggests that there is no single model that can consistently produce the best strategy across different index futures contracts. Using a more sophisticated model such as MRS-MGARCH model does not necessarily improve hedging efficiency. However, there is evidence that using Bayesian Gibbs-sampling approach to estimate the MRS models provides investors more efficient hedging strategy compared with the MLE method.

Download or read book Hedging and Dividend Risk of Stock Index Futures written by Soushan Wu and published by . This book was released on 1989* with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stock Index Futures written by Charles M.S. Sutcliffe and published by Routledge. This book was released on 2018-01-18 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global value of trading in index futures is about $20 trillion per year and rising and for many countries the value traded is similar to that traded on their stock markets. This book describes how index futures markets work and clearly summarises the substantial body of international empirical evidence relating to these markets. Using the concepts and tools of finance, the book also provides a comprehensive description of the economic forces that underlie trading in index futures. Stock Index Futures 3/e contains many teaching and learning aids including numerous examples, a glossary, essay questions, comprehensive references, and a detailed subject index. Written primarily for advanced undergraduate and postgraduate students, this text will also be useful to researchers and market participants who want to gain a better understanding of these markets.

Download or read book Hedging effectiveness and stock index futures written by Rocky Moore and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: