title: ÐÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ñ Ð¼ÐµÐ¶Ð´Ñ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼ Ð¸ ÑÑÑÑÐµÑÑÐ½ÑÐ¼ ÑÑÐ½ÐºÐ°Ð¼Ð¸
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Research of interaction between spot and futures markets
Creators: name: Ð¨ÑÐ½ Ð¡Ð¸Ð½ÑÑÑÐ½
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: ÑÑÑÑÐµÑÑÐ½ÑÐ¹ ÑÑÐ½Ð¾Ðº
ÑÐµÐ½Ð°
ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¹ ÑÑÐ½Ð¾Ðº
Ñ ÐµÐ´Ð¶Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½Ð°Ñ Ð¼Ð¾Ð´ÐµÐ»Ñ
ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð·
futures market
price
spotsth market
hedging
regression model
regression analysis

description: Ð¢ÐµÐ¼Ð° Ð¼Ð¾ÐµÐ¹ Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ: Â«ÐÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ñ Ð¼ÐµÐ¶Ð´Ñ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼ Ð¸ ÑÑÑÑÐµÑÑÐ½ÑÐ¼ ÑÑÐ½ÐºÐ°Ð¼Ð¸Â».
ÐÐ±ÑÐµÐºÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: ÑÑÑÑÐµÑÑÐ½ÑÐ¹ Ð¸ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¹ ÑÑÐ½ÐºÐ¸; 
ÐÑÐµÐ´Ð¼ÐµÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ðµ Ð¼ÐµÐ¶Ð´Ñ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼ Ð¸ ÑÑÑÑÐµÑÑÐ½ÑÐ¼ ÑÑÐ½ÐºÐ°Ð¼Ð¸.
Ð ÑÑÐ»Ð¾Ð²Ð¸ÑÑ Ð³Ð»Ð¾Ð±Ð°Ð»Ð¸Ð·Ð°ÑÐ¸Ð¸ Ð¼Ð¸ÑÐ¾Ð²Ð¾Ð¹ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÐºÐ¸ ÑÑÑÐ½Ð¾ÑÑÑÑ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¾Ð¹ Ð³Ð»Ð¾Ð±Ð°Ð»Ð¸Ð·Ð°ÑÐ¸Ð¸ ÑÐ²Ð»ÑÐµÑÑÑ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ°Ñ Ð¼Ð°ÑÐºÐµÑÐ¸Ð·Ð°ÑÐ¸Ñ Ð¸ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ°Ñ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð·Ð°ÑÐ¸Ñ.
ÐÐ¸ÑÐ¾Ð²Ð°Ñ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÐºÐ° Ð±ÑÑÑÑÐ¾ ÑÐ°ÑÑÐµÑ. ÐÐ½Ð¾Ð³Ð¸Ðµ ÑÐ¸ÑÐºÐ¸ Ð¿ÐµÑÐµÐ½Ð¾ÑÑÑÑÑ ÑÐ¾ ÑÐ¿Ð¾ÑÐ¾Ð²Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ° Ð½Ð° ÑÑÑÑÐµÑÑÐ½ÑÐ¹. Ð Ð¿Ð¾ÑÐ»ÐµÐ´Ð½Ð¸Ðµ Ð³Ð¾Ð´Ñ ÑÑÑÑÐµÑÑÐ½ÑÐ¹ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¹ ÑÑÐ½ÐºÐ¸ ÑÑÐ°Ð½Ð¾Ð²ÑÑÑÑ Ð²ÑÐµ Ð±Ð¾Ð»ÐµÐµ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð°Ð½Ð½ÑÐ¼Ð¸.
Ð ÑÐ¾ Ð¶Ðµ Ð²ÑÐµÐ¼Ñ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ñ Ð¿ÑÐ¸Ð¼ÐµÐ½ÑÑÑ ÑÑÑÑÐµÑÑÐ½ÑÐ¹ ÑÑÐ½Ð¾Ðº Ð´Ð»Ñ ÑÐµÐ´Ð¶Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ, ÑÐ¾ÑÐ³ÑÑ Ð½Ð° ÑÑÐ¸Ñ ÑÑÐ½ÐºÐ°Ñ Ð¸ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·ÑÑ Ð¿ÑÐ¸Ð±ÑÐ»Ñ, Ð¿Ð¾Ð»ÑÑÐµÐ½Ð½ÑÑ Ð½Ð° Ð¾Ð´Ð½Ð¾Ð¼ ÑÑÐ½ÐºÐµ, Ð¾Ð½Ð¸ ÐºÐ¾Ð¼Ð¿ÐµÐ½ÑÐ¸ÑÑÑÑ Ð¿Ð¾ÑÐµÑÐ¸ Ð½Ð° Ð´ÑÑÐ³Ð¾Ð¼ ÑÑÐ½ÐºÐµ, ÑÐµÐ¼ ÑÐ°Ð¼ÑÐ¼ ÑÐ¸ÐºÑÐ¸ÑÑÑ Ð¿ÑÐ¸Ð±ÑÐ»Ñ Ð¾Ñ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²Ð° Ð¸ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²ÐµÐ½Ð½ÑÐµ Ð¸Ð·Ð´ÐµÑÐ¶ÐºÐ¸.
Ð¦ÐµÐ½Ð° Ð¿Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÐµÑ ÑÐ¿ÑÐ¾Ñ Ð¸ Ð¿ÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ð¸Ðµ Ð½Ð° ÑÑÐ½ÐºÐµ. ÐÐ½Ð°Ð»Ð¸Ð·Ð¸ÑÑÑ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ñ Ð¼ÐµÐ¶Ð´Ñ ÑÐµÐ½Ð¾Ð¹ ÑÑÑÑÐµÑÑÐ° Ð¸ ÑÐ¿Ð¾ÑÐ¾Ð²Ð¾Ð¹ ÑÐµÐ½Ð¾Ð¹, Ð¼Ð¾Ð¶Ð½Ð¾ Ð¿Ð¾Ð½ÑÑÑ Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ðµ Ð¼ÐµÐ¶Ð´Ñ ÑÑÑÑÐµÑÑÐ½ÑÐ¼ Ð¸ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼ ÑÑÐ½ÐºÐ°Ð¼Ð¸.
Ð§ÐµÑÐµÐ· ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð·, Ð¿Ð¾ÑÑÑÐ¾ÐµÐ½Ð¸Ðµ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½ÑÑ Ð¼Ð¾Ð´ÐµÐ»ÐµÐ¹ Ð¸ ÐºÐ¾Ð»Ð¸ÑÐµÑÑÐ²ÐµÐ½Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð· Ð¼Ð¾Ð¶Ð½Ð¾ Ð¿Ð¾Ð½ÑÑÑ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð¸ Ð¼ÐµÐ¶Ð´Ñ ÑÑÑÑÐµÑÑÐ°Ð¼Ð¸ Ð¸ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼Ð¸ ÑÐµÐ½Ð°Ð¼Ð¸. Ð­ÑÐ¾ Ð¿Ð¾Ð¼Ð¾Ð³Ð°ÐµÑ ÑÐµÐ´Ð¶ÐµÑÐ°Ð¼ Ð´Ð¾ÑÑÐ¸ÑÑ ÑÐµÐ»Ð¸ Ð¿Ð¾ Ð¾Ð³ÑÐ°Ð½Ð¸ÑÐµÐ½Ð¸Ñ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²ÐµÐ½Ð½ÑÑ Ð·Ð°ÑÑÐ°Ñ Ð¸ ÑÑÐ°Ð±Ð¸Ð»Ð¸Ð·Ð°ÑÐ¸Ð¸ Ð¿ÑÐ¸Ð±ÑÐ»Ð¸ Ð¾Ñ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²Ð°.
Ð ÑÐ½Ð¾Ðº Ð½ÐµÑÑÐ¸ Ð¸Ð¼ÐµÐµÑ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¹ ÑÑÐ½Ð¾Ðº Ð¸ ÑÑÐ½Ð¾Ðº ÑÑÑÑÐµÑÑÐ¾Ð². ÐÐ° Ð¼Ð¾Ð¹ Ð²Ð·Ð³Ð»ÑÐ´, ÑÑÐ¾ Ð¾ÑÐµÐ½Ñ ÑÐ¾ÑÐ¾ÑÐ°Ñ Ð¸ Ð°ÐºÑÑÐ°Ð»ÑÐ½Ð°Ñ ÑÐµÐ¼Ð° Ð´Ð»Ñ Ð°Ð½Ð°Ð»Ð¸Ð·Ð°. Ð¡ÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð½ÐµÑÑÐ¸ Ð±ÑÐ»Ð° Ð¸ Ð¾ÑÑÐ°ÐµÑÑÑ Ð´ÑÐ°Ð¹Ð²ÐµÑÐ¾Ð¼ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ. ÐÐ°Ð²Ð¸ÑÐ¸Ð¼Ð¾ÑÑÑ Ð½ÐµÑÑÐ¸ Ð¾Ñ ÑÐ¾Ð²ÑÐµÐ¼ÐµÐ½Ð½ÑÑ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²ÐµÐ½Ð½ÑÑ Ð¿ÑÐ¾ÑÐµÑÑÐ¾Ð² Ð¸ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÑÑÐ°Ð½ÑÐ¿Ð¾ÑÑÐ½Ð¾Ð¹ Ð¸Ð½ÑÑÐ°ÑÑÑÑÐºÑÑÑÑ ÑÐ²Ð»ÑÑÑÑÑ ÑÐ¾Ð½Ð´Ð¾Ð²ÑÐ¼Ð¸ Ð¸Ð½Ð´ÐµÐºÑÐ°Ð¼Ð¸ Ð¸ Ð¼Ð°ÐºÑÐ¾Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»ÑÐ¼Ð¸, ÐºÐ¾ÑÐ¾ÑÑÐµ Ð¾Ð±ÑÑÐ»Ð°Ð²Ð»Ð¸Ð²Ð°ÑÑ ÑÐµÐ½Ñ Ð² ÑÐ¾Ð¿Ð»Ð¸Ð²Ð½Ð¾-ÑÐ½ÐµÑÐ³ÐµÑÐ¸ÑÐµÑÐºÐ¾Ð¼ ÑÐµÐºÑÐ¾ÑÐµ.
Ð ÑÐ¾Ð¾ÑÐ²ÐµÑÑÑÐ²Ð¸Ð¸ Ñ Ð¿Ð¾ÑÑÐ°Ð²Ð»ÐµÐ½Ð½Ð¾Ð¹ ÑÐµÐ»ÑÑ Ð² ÑÐ°Ð±Ð¾ÑÐµ ÑÐµÑÐ°ÑÑÑÑ ÑÐ»ÐµÐ´ÑÑÑÐ¸Ðµ Ð·Ð°Ð´Ð°ÑÐ¸: 
-ÐÐ·ÑÑÐ¸ÑÑ Ð¾Ð±ÑÑÑ ÑÐ°ÑÐ°ÐºÑÐµÑÐ¸ÑÑÐ¸ÐºÑ ÑÐ¿Ð¾ÑÐ¾Ð²Ð¾Ð³Ð¾ Ð¸ ÑÑÑÑÐµÑÑÐ½Ð¾Ð³Ð¾ 
ÑÑÐ½ÐºÐ¾Ð²;
-Ð Ð°ÑÑÐ¼Ð¾ÑÑÐµÑÑ Ð´Ð¸Ð½Ð°Ð¼Ð¸ÐºÑ ÑÐ¿Ð¾ÑÐ¾Ð²Ð¾Ð³Ð¾ Ð¸ ÑÑÑÑÐµÑÑÐ½Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ¾Ð² Ð·Ð° Ð¿ÐµÑÐ¸Ð¾Ð´ 2000-2020Ð³Ð³;
-ÐÑÐ¾Ð°Ð½Ð°Ð»Ð¸Ð·Ð¸ÑÐ¾Ð²Ð°ÑÑ Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ðµ ÑÐ¿Ð¾ÑÐ¾Ð²Ð¾Ð³Ð¾ Ð¸ ÑÑÑÑÐµÑÑÐ½Ð¾Ð³Ð¾ ÑÑÐ½ÐºÐ¾Ð²;
- Ð Ð°ÑÑÐ¼Ð¾ÑÑÐµÑÑ ÑÑÐ½Ð¾Ðº Ð½ÐµÑÑÐ¸ WTI Ð² ÐºÐ°ÑÐµÑÑÐ²Ðµ Ð¿ÑÐ¸Ð¼ÐµÑÐ°.
Ð Ð´Ð°Ð½Ð½Ð¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ð¸ Ð¸Ð·ÑÑÐ°ÐµÑÑÑ Ð²Ð·Ð°Ð¸Ð¼Ð¾Ð´ÐµÐ¹ÑÑÐ²Ð¸Ðµ Ð¼ÐµÐ¶Ð´Ñ ÑÑÑÑÐµÑÑÐ½ÑÐ¼ Ð¸ ÑÐ¿Ð¾ÑÐ¾Ð²ÑÐ¼ ÑÑÐ½ÐºÐ°Ð¼Ð¸, ÑÑÐ¾ Ð¿ÑÐµÐ´ÑÑÐ°Ð²Ð»ÑÐµÑ ÑÐ¾Ð±Ð¾Ð¹ Ð²Ð°Ð¶Ð½ÑÐ¹ Ð²Ð¾Ð¿ÑÐ¾Ñ Ð´Ð»Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð¸ÑÐ¿Ð¾Ð»ÑÐ·ÑÑÑÐ¸Ñ ÑÑÑÑÐµÑÑÐ½Ð¾Ðµ ÑÐµÐ´Ð¶Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ Ð² ÑÐ²Ð¾ÐµÐ¹ Ð¿Ð¾Ð²ÑÐµÐ´Ð½ÐµÐ²Ð½Ð¾Ð¹ Ð´ÐµÑÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸.
description: The theme of my graduate qualification work: âResearch of interaction between spot and futures markets.â
Object of study: futures and spot markets;
Subject of study: analysis of the interaction between spot and futures markets. Hedging.
In the context of globalization of the world economy, the essence of economic globalization is economic marketing and economic informatization.
The global economy is growing rapidly. Many risks are transferred from the spot market to the futures market. In recent years, futures spot markets have become increasingly interconnected.
At the same time, enterprises use the futures market for hedging, trading in these markets and using profits earned in one market, they compensate for losses in another market, thereby capturing profit from production and production costs.
Price shows supply and demand in the market. By analyzing the relationship between futures and spot prices, we can understand the interaction between futures and spot markets.
Through regression analysis, the construction of regression models and quantitative analysis, we can understand the relationship between futures and spot prices. This helps hedgers achieve their goal of limiting production costs and stabilizing production profits.
The oil market has a spot market and a futures market. In my opinion, this is a very good and relevant topic for analysis. Oil prices have been and remain the development driver Oil dependence on modern production processes and the development of transport infrastructure are stock indices and macro indicators that determine prices in the fuel and energy sector.
In accordance with the goal, the following tasks are solved:
-Study the general characteristics of the spot and futures markets;
-Consider the dynamics of the spot and futures markets for the period 2000-2020;
-Analyze the interaction of spot and futures markets;
-As an example, consider the WTI oil market.
This study examines the interaction between futures and spot markets, it is very important for companies to hedge the futures market.