£93.05

Financial Hedging

Commodities

Price data last checked 73 day(s) ago - refreshing...

View at Amazon

We'll watch every seller, every day. One email when your price arrives.

This is the most expensive it has ever been. Walk away.

£93 today · previous high £93 · all-time low £16

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 18 days · 18 data points (no recent data)

Historical

Generating forecast…

Price Distribution

Price distribution over 18 days • 5 price levels

Days at Price

Current Price

Price Analysis

Most common price: £68 (6 days, 33.3%)

Price range: £16 - £93

Price levels: 5 different prices over 18 days

Description

Financial hedging refers to taking out investments in order to reduce or cancel the risk in another investment. Its purpose is to minimise unwanted business risk while still allowing the business to profit from investment activity. The problem of credit risk is one of the most important problems in finance. It consists of computing the probability of a firm defaulting on a debt. The time evolution of rating for credit risk models can be studied by means of Markov transition models. This book looks at the homogeneous and non-homogeneous semi-Markov backward credit risk migration models. A joint optimisation model for a firm's hedging and leverage decisions is also examined to help establish an integrated framework for value creation. Rather than artificially separating the two interrelated parts of the firm's financial policy, both corporate decision variables are treated as endogenous. Furthermore, the cross-sectional variation in indirect bankruptcy costs is discussed, possibly resulting from a deterioration of relationships with customers, suppliers or other stakeholders prior to the legal act of bankruptcy. The effect of probability weighting on hedging decisions is explored in this book. Observed hedge ratios in a storage context are close to zero in many situations and often smaller than the standard minimum-variance hedge zero. Thus, the importance of probability weighting in decision making and how it can cause dramatic changes in behavior is looked at. This book also re-examines hedging performance of the minimum variance hedge ratios (MVHR) estimated using both the OLS and the GARCH-type models with S&P 500 index futures contracts. In particular, the out-of-sample comparison of hedging performance of the MVHRs under different market volatility regimes are looked at. In addition, the analysis for parametric and non-parametric Markov processes are discussed and the construction of the transition matrix in these two different cases. Several possible strategies where the investors recalibrate their portfolios at a fixed temporal horizon are proposed. The authors also show how the Markov assumption can be used to forecast the portfolio returns and some simple empirical comparisons between Markovian strategies and classic reward-risk ones. Finally, articles in this book contribute to the literature on futures hedging in commodity futures markets by using wavelet transform analysis to define an explicit and tractable concept of time horizon. Differences in hedge ratios are discussed both across commodities and, for each commodity, over all time horizons of decision-making.

Product Specifications

Format: hardcover
ASIN: 1606926659
Category: Books > Subjects > Business, Finance & Law > Professional Finance > Investments & Securities > Commodities
Domain: Amazon UK
Release Date: 30 July 2009
Listed Since: 08 December 2008

Barcode

No barcode data available

Financial Hedging

This is the most expensive it has ever been. Walk away.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Fuel Hedging and Risk Management: Strategies for Airlines, Shippers and Other Consumers (The Wiley Finance Series)

The CME Group Risk Management Handbook: Products and Applications: 410 (Wiley Finance)

Foundations of Futures Markets: Selected Essays of A.G. Malliaris (Financial Economists of the Twentieth Century series)

A Course in Derivative Securities: Introduction to Theory and Computation (Springer Finance)

A Course in Derivative Securities: Introduction to Theory and Computation (Springer Finance)

Financial Management Q&A 2017

Stochastic Finance: An Introduction in Discrete Time (De Gruyter Textbook)

Series 3 Exam Study Guide + Test Bank: Prepare To Pass The NFA Series 3 Futures Exam

Quantitative Analysis in Financial Markets: Collected Papers of the New York University Mathematical Finance Seminar: v. 2 (Collected Papers of the ... Mathematical Finance Seminar (Hardcover)): 02

SERIES 3 EXAM STUDY GUIDE 2024+ TEST BANK

Commodity Derivatives: A Guide for Future Practitioners

Valuepack:Economics of Money, Banking, and Financial Markets, Update Plus MyEconLab Student Access Kit, The:International Edition with Fundamentals of Futures and Options Markets:International Edition

Derivatives Markets

Dynamic Asset Allocation with Forwards and Futures

Pricing and Hedging Financial Derivatives: A Guide for Practitioners

Springer Commodity, Futures and Financial Markets - Louis Phillips

Market Risk Analysis, Practical Financial Econometrics (The Wiley Finance Series)

STIR Futures: Trading Euribor and Eurodollar futures

Volatility Markets: Consistent Modeling, Hedging, and Practical Implementation of Variance Swap Market Models

Market Risk Analysis: Quantitative Methods in Finance, Practical Financial Econometrics, Pricing, Hedging and Trading Financial Instruments, Value-at-Risk Models

World Scientific Handbook of Futures Markets - Finance Series

Handbook of Multi-Commodity Markets and Products: Structuring, Trading and Risk Management (The Wiley Finance Series)

Macmillan Energy Hedging in Asia - Market Structure Book

The Hedge Fund Edge: Maximum Profit/Minimum Risk Global Trend Trading Strategies: 66 (Wiley Trading)