Spot price the price of a commodity available for immediate sale and delivery, the commodity being referred to as a "spot" commodity. 现货价格可立即出售和交货的现成商品的价格。这种商品称为“现货”。
A person or firm that has bought the spot commodity and hedged with a sale of futures is said to be long the basis. 个人或公司在买入现货商品的同时又卖出期货合约进行套期保值称为买入基差。
The difference between the spot or cash price of a commodity and the futures price of the same or a related commodity. 现货或商品的现金价格和相同的期货价格或相关价格的差额。
In theory, commodity price moves based on related spot price and is restricted to underlying asset price. But empirical evidence demonstrates that underlying asset price cannot explain commodity futures price volatility at all. 商品期货价格波动理论上以相应的现货价格为基础,受到标的资产价格的制约,但经验研究表明,标的资产价格不能完全解释商品期货价格波动。
The first model is a simple one-factor model in which the logarithm of the spot price of the commodity is assumed to follow O& U process which has a mean reverting character. 第一个模型是简单的单因子模型,它假设商品现货的对数价格服从一个均值反转过程。