Unbiasedness Hypothesis and Efficiency Test of Thai Stock Index Futures
نویسندگان
چکیده
منابع مشابه
Hedging effectiveness of stock index futures
1 Introduction This paper is concerned with the use of stock indices futures to hedge the return on portfolios. This topic has received considerable attention in the literature, which will be briefly summarised in section 2 of the paper. First of all it is desirable to consider the nature of hedging. The main aim of hedging is assumed to be the minimisation of the variance of the return on the ...
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A futures contract is an agreement between a seller and a buyer that calls for the seller to deliver to the buyer a specified quantity and grade of an identified commodity, at a fixed time in the future, and at a price agreed in the contract. Stock index futures contract specify an equity index as the underlying asset. Arbitrage opportunity exists when the actual futures price deviates from the...
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ژورنال
عنوان ژورنال: SAGE Open
سال: 2017
ISSN: 2158-2440,2158-2440
DOI: 10.1177/2158244017702424