Futures prices are overvalued. Why is the actual price higher than the theoretical price?
Futures prices are overvalued because the selling price of stock index futures is higher than the theoretical price, so the actual price is higher than the theoretical price. In most cases, the actual price of stock index futures contracts always deviates from the theoretical price of stock index futures. When the current value is higher than the latter, it is called overestimation, and when the current value is lower than the latter, it is called underestimation.