The rate of return on positions is an interest rate, which represents the total income of your fund or stock from the day you buy it to the time you see it at any time in the future. The rate of return is the ratio of your total income to your investment. Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes. However, investors (bulls or bears) hold futures contracts without performing reverse operations (selling or buying) in the same delivery month and quantity, which is called "holding positions".
There are two main methods to calculate the rate of return on positions in the market, namely, diluted cost method and average cost method. These two methods are only different in calculation methods, and there is no difference between them. Only when the position fund is partially redeemed, the calculation results of the rate of return are different, which will not affect the actual assets of the fund and the income of investors.
1) Diluted cost method: partial redemption after the fund is profitable: the unit price of the fund is reduced, while the position yield is increased. If you buy a fund for 1 0,000 yuan, when the fund rises by 20%, the principal plus income is 1, 200 yuan. If half is redeemed at this time, the redeemed 600 yuan will calculate the principal first, and the remaining 600 yuan, 400 yuan, 200 yuan and positions will become 50%.
2) Average cost method: partial redemption after the fund is profitable: the unit cost of the fund remains unchanged, and the rate of return on remaining positions remains unchanged. If you buy a fund for 1 0,000 yuan, when the fund rises by 20%, the principal plus income is 1, 200 yuan. If half is redeemed at this time, the redeemed 600 will include 1 1,000 yuan. Of the remaining 600 yuan, 500 yuan is the principal, 1 1,000 yuan is the income, and the position income will be 20%.
Different fund platforms may use different methods to calculate the holding income. For example, Tian Tian Fund now uses the diluted cost method. Of course, some platforms will introduce two income calculation methods, and investors can switch freely.