cost of carry

简明释义

持有成本

英英释义

例句

1.The cost of carry for gold includes insurance and storage fees, which can add up over time.

黄金的持有成本包括保险和存储费用，这些费用随着时间的推移会累积。

2.When interest rates rise, the cost of carry for holding inventory increases as well.

当利率上升时，持有库存的持有成本也会增加。

3.Investors need to account for the cost of carry when deciding whether to hold or sell their commodities.

投资者在决定是持有还是出售商品时，需要考虑持有成本。

4.In futures trading, the cost of carry can significantly influence the pricing of contracts.

在期货交易中，持有成本会显著影响合约的定价。

5.The cost of carry refers to the expenses incurred for holding an asset over time, such as storage fees and financing costs.

持有成本指的是在一段时间内持有资产所产生的费用，例如存储费和融资成本。

作文

The concept of cost of carry is fundamental in the fields of finance and investment. It refers to the costs associated with holding a particular asset over time. These costs can include interest expenses, storage fees, insurance, and any other costs that may arise while maintaining the ownership of the asset. Understanding the cost of carry is crucial for investors as it directly affects their profitability and decision-making processes.For instance, consider an investor who purchases commodities such as gold or oil. The cost of carry for these assets might include the storage costs for keeping the physical commodity safe, as well as any financing costs if the investor borrowed money to make the purchase. If the price of the commodity does not increase sufficiently to cover these costs, the investor may find themselves at a loss, despite holding a seemingly valuable asset.In the context of financial derivatives, the cost of carry plays a significant role in pricing models. For example, in futures contracts, the price of the future contract is often influenced by the cost of carry. If the cost of carry is high, it can lead to higher future prices because investors will demand a premium to cover their holding costs. Conversely, if the cost of carry is low, it may result in lower future prices.Moreover, the cost of carry can also impact arbitrage opportunities in the market. When the price difference between the spot market and the futures market is not aligned with the cost of carry, traders can exploit this discrepancy. For instance, if the futures price is significantly higher than the spot price plus the cost of carry, traders may buy the asset in the spot market and sell it in the futures market, locking in a risk-free profit. This activity helps to bring the prices back into equilibrium over time.Another important aspect of the cost of carry is its influence on investment strategies. Investors must carefully consider the cost of carry when deciding whether to hold or sell an asset. If the cost of carry is too high relative to the expected returns, it may be wiser to liquidate the position and invest elsewhere. Thus, understanding the cost of carry allows investors to make informed decisions about their portfolios.In conclusion, the cost of carry is a vital concept that encompasses various costs associated with holding an asset. It affects pricing in derivatives markets, influences arbitrage opportunities, and shapes investment strategies. As such, both novice and experienced investors should strive to understand the cost of carry to enhance their investment acumen and improve their financial outcomes. By doing so, they can navigate the complexities of the financial markets more effectively and make decisions that align with their investment goals.

“持有成本”这个概念在金融和投资领域中是基础性的。它指的是随着时间推移持有特定资产所产生的成本。这些成本可能包括利息支出、存储费用、保险以及在保持资产所有权时可能出现的其他费用。理解“持有成本”对投资者至关重要，因为它直接影响他们的盈利能力和决策过程。例如，考虑一个购买商品如黄金或石油的投资者。这些资产的“持有成本”可能包括为安全保管实物商品而产生的存储费用，以及如果投资者借款进行购买而产生的融资成本。如果商品价格未能上涨到足以覆盖这些成本的程度，尽管持有看似有价值的资产，投资者可能会发现自己处于亏损状态。在金融衍生品的背景下，“持有成本”在定价模型中发挥着重要作用。例如，在期货合约中，期货合约的价格通常受到“持有成本”的影响。如果“持有成本”较高，可能导致未来价格上涨，因为投资者会要求溢价来覆盖他们的持有成本。相反，如果“持有成本”较低，可能会导致未来价格下降。此外，“持有成本”还会影响市场中的套利机会。当现货市场和期货市场之间的价格差异与“持有成本”不一致时，交易者可以利用这种差异。例如，如果期货价格显著高于现货价格加上“持有成本”，交易者可以在现货市场购买资产并在期货市场出售，从而锁定无风险利润。这种活动有助于随着时间的推移将价格恢复到均衡状态。“持有成本”的另一个重要方面是其对投资策略的影响。投资者在决定是否持有或出售资产时必须仔细考虑“持有成本”。如果“持有成本”相对于预期回报过高，可能更明智的做法是清算头寸并在其他地方投资。因此，理解“持有成本”使投资者能够对他们的投资组合做出明智的决策。总之，“持有成本”是一个重要的概念，涵盖了与持有资产相关的各种成本。它影响衍生品市场的定价，影响套利机会，并塑造投资策略。因此，无论是新手还是经验丰富的投资者，都应努力理解“持有成本”，以增强他们的投资能力，提高财务结果。通过这样做，他们可以更有效地导航金融市场的复杂性，并做出与其投资目标一致的决策。