最小风险套期保值比率方法

The Hedging Strategy Based on Risk & Return

利用期货市场套期保值，可使企业避免或减少价格、汇率、利率变化的风险。与传统的套期方法相比，最小风险套期保值比率方法不仅考虑了报酬，而且考虑了风险和报酬的关系。使保值者以最优方式保值。本文分析了这一方法的原理，并进行了实证分析。

Hedging by means of transactions in futures contracts was regarded as a practice intended to avoid, reduce of eliminate pricerisk, interest rate risk, foreign exchange risk,etc.Compared with the traditional hedging approaches, the hedge ratio with minimum risk considered the return aspect and enable the hedgers to hedge in an optimal manner.The principal of this hedging strategy was analyzed and an expost empirical analysis was provided too.