Based On The Portfolio Theory Of Hedging

With China entry into WTO and the further integration between Chinese economy and world economy, there will be more close relationships regarding the price fluctuating between domestic merchandise and world's. Especially as from last year, the huge price fluctuation of raw materials bring high risks to the productions and operations for some related enterprises. At the Same time, domestic futures market also has historical breakthrough and developments, which caused the enterprises to urgently participating into the Hedging. In fact, more and more enterprises has been actively participating the futures market to operate on hedging. As such, it seems important to deeply study the functions and using method of hedging under the new market-background, which can assure the smooth productions and operations of enterprise, well control the market risks and lower the loss. This thesis express the relevant theories of hedging in details. The innovative part of subject thesis is to develop the hedging invest model into hedging combing speculate model, Meanwhile, based on the actual data and tables of enterprise hedging, and by using excel software, this thesis get a related coefficient and rate of hedging which could provide some proves for the enterprise investment decision and could be operational in the actual operating .The thesis consists of five parts :The first part makes a brief review of historical and current hedging theory in domestic and foreign, which serves as the theory background of the whole study. The second part makes detailed analysis on the significance of hedging in commodity futures market and...