cost of carry

简明释义

持权成本

英英释义

例句

1.Investors must consider the cost of carry when deciding whether to hold a commodity or sell it.

投资者在决定是持有商品还是出售时，必须考虑持有成本。

2.A higher cost of carry may deter investors from holding onto their positions for too long.

较高的持有成本可能会阻止投资者过久地持有他们的头寸。

3.The cost of carry for holding inventory can significantly affect profit margins.

持有库存的持有成本可能会显著影响利润率。

4.Understanding the cost of carry is crucial for effective risk management.

理解持有成本对于有效的风险管理至关重要。

5.In futures trading, the cost of carry includes storage fees and interest on borrowed funds.

在期货交易中，持有成本包括存储费用和借款利息。

作文

The concept of cost of carry is fundamental in the world of finance and investing. It refers to the costs associated with holding a particular asset over a period of time. These costs can include interest expenses, storage fees, insurance, and other related expenses. Understanding the cost of carry is crucial for investors and traders as it can significantly influence their decision-making processes. For instance, when an investor purchases a commodity like gold, they are not just buying the metal itself; they are also incurring costs related to its storage and insurance. The cost of carry in this scenario would encompass these expenses, which can impact the overall profitability of the investment. If the price of gold does not increase enough to cover the cost of carry, the investor might end up losing money despite the asset appreciating in value. Moreover, the cost of carry plays a critical role in the pricing of derivatives such as futures contracts. Futures prices are often influenced by the cost of carry because these contracts obligate the buyer to purchase the underlying asset at a predetermined price at a future date. Traders must consider the cost of carry when determining the fair value of a futures contract. If the cost of carry is high, it may lead to a higher futures price, while a low cost of carry could result in a lower futures price. In addition to commodities, the cost of carry also applies to financial instruments like stocks and bonds. For example, when an investor borrows money to buy stocks, the interest on that loan becomes part of the cost of carry. This means that if the stock does not perform well enough to cover the interest payments, the investor may face losses. Therefore, understanding the cost of carry is essential for anyone looking to engage in leveraged trading or investing. Furthermore, the cost of carry can vary significantly depending on market conditions. During periods of high interest rates, the cost of carry for borrowing money to invest can increase, making it less attractive for investors to hold certain assets. Conversely, when interest rates are low, the cost of carry decreases, potentially encouraging more investment activities. In conclusion, the cost of carry is a vital concept that affects various aspects of investing and trading. By understanding the implications of the cost of carry, investors can make more informed decisions and better manage their portfolios. Whether dealing with physical commodities or financial assets, recognizing the cost of carry allows investors to assess the true cost of holding an asset and its potential impact on their returns. As such, mastering the cost of carry is essential for anyone involved in the financial markets.

“持有成本”这一概念在金融和投资领域中至关重要。它指的是在一段时间内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、保险费用以及其他相关费用。理解“持有成本”对投资者和交易者来说至关重要，因为这会显著影响他们的决策过程。例如，当投资者购买黄金等商品时，他们不仅仅是在购买金属本身；他们还会承担与其存储和保险相关的费用。在这种情况下，“持有成本”将包含这些费用，这可能会影响投资的整体盈利能力。如果黄金的价格没有上涨到足以覆盖“持有成本”，投资者可能会面临亏损，尽管资产的价值有所上升。此外，“持有成本”在期货合约等衍生品的定价中也发挥着关键作用。期货价格通常受到“持有成本”的影响，因为这些合约要求买方在未来某个日期以预定价格购买基础资产。交易者在确定期货合约的公允价值时，必须考虑“持有成本”。如果“持有成本”较高，可能导致期货价格上涨，而较低的“持有成本”则可能导致期货价格下跌。除了商品之外，“持有成本”同样适用于股票和债券等金融工具。例如，当投资者借钱购买股票时，贷款的利息成为“持有成本”的一部分。这意味着，如果股票的表现不足以覆盖利息支付，投资者可能会面临亏损。因此，理解“持有成本”对于任何希望进行杠杆交易或投资的人来说都是至关重要的。此外，“持有成本”可能会因市场条件而异。在高利率时期，借钱投资的“持有成本”可能会上升，从而使投资者持有某些资产的吸引力降低。相反，当利率较低时，“持有成本”下降，可能会鼓励更多的投资活动。总之，“持有成本”是影响投资和交易各个方面的重要概念。通过理解“持有成本”的含义，投资者可以做出更明智的决策，更好地管理他们的投资组合。无论是处理实物商品还是金融资产，认识到“持有成本”使投资者能够评估持有资产的真实成本及其对回报的潜在影响。因此，掌握“持有成本”对于任何参与金融市场的人来说都是必不可少的。