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Futures topic 1 1 1?
The minimum variance hedging ratio of 1 is h = 0.95 * 0.43/0.40 =1.05438+025.

Because it is holding assets, in order to prevent asset prices from falling, take short positions.

3 The optimal number of futures hedging: n =1.02125 * 55000/5000 =1.23, 1 1 copy.

4 Considering trailing hedging, take n =1.02 125 * 55000 * 28/5000 * 27 =1.65,12 copies.

Tail hedging is an improvement of 3, which affects daily settlement and considers the price factor more.