翻訳と辞書 Words near each other ・ Roll the Dice (song) ・ Roll Tide ・ Roll to Me ・ Roll Up ・ Roll Up Your Sleeves ・ Roll way ・ Roll with It ・ Roll with It (album) ・ Roll with It (Easton Corbin song) ・ Roll with It (game show) ・ Roll with It (Oasis song) ・ Roll with It (Steve Winwood song) ・ Roll with Me ・ Roll with the New ・ Roll with the Wind ・ Roll yield ・ Roll your own ・ Roll's critique ・ Roll's partridge ・ Roll, Arizona ・ Roll, Freddy, Roll! ・ Roll, Indiana ・ Roll, Jordan, Roll ・ Roll, Oklahoma ・ Roll-a-Rounds ・ Roll-away computer ・ Roll-in ・ Roll-O-Plane ・ Roll-off ・ Roll-off (dumpster) Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Roll yield ： ウィキペディア英語版 Roll yield The roll yield is the yield that a futures investor captures when their futures contract converges to the spot price; in a backwardated futures market the price rolls up to the spot price, so the roll yield is positive, whereas when the market is in contango the price rolls down to the spot price, so the roll yield is negative. The spot price can stay constant, but the investor will still earn returns from buying discounted futures contracts, which continuously roll up to the constant spot price. For example, suppose the spot price of oil is $58 and the market is inverted because inventories are relatively low. This means the first futures price might be at $57 and the next contract at $56. You go long the front contract as described above. Now suppose a few weeks pass and nothing happens to the spot price. The futures contract you own moves toward the spot price as delivery approaches, and we can assume the spread between the futures stays at a dollar. You sell your maturing futures near the $58 spot price and buy the next future for around $57. Note that in an inverted market you make money from the roll yield even if commodity prices remain unchanged. Roll yield can have a strong impact on the return of futures trading. The contango exhibited in Crude Oil in 2009 explains the discrepancy between the headline spot price increase (bottoming at $35 and topping $80 in the year) and the various tradeable instruments for Crude Oil (such as rolled contracts or longer-dated futures contracts) showing a much lower price increase, because of the strong negative roll yield. The USO ETF (using futures contracts) also failed to replicate Crude Oil's spot price performance. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Roll yield」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.