risk management

hedging

Making an investment to reduce the risk of adverse price movements in an asset.

Example

The airline bought oil futures as a hedging strategy against rising fuel costs.

Memory Tip

A HEDGE is a protective barrier around your garden. Hedging protects your investments.

Why It Matters

Hedging helps protect your wealth from unexpected market swings that could derail your financial goals. By using hedging strategies, you can sleep better at night knowing that a major price drop in something you own will not completely wipe out your savings or investment plans.

Common Misconception

Many people think hedging means they will make money no matter what happens in the market. In reality, hedging is purely defensive and costs money to implement, so it reduces potential gains while limiting losses.

In Practice

Imagine you own 1000 shares of a company stock worth $50 per share, giving you a $50,000 investment. To hedge against a potential price drop, you could buy put options that allow you to sell the stock at $45 per share. If the stock falls to $30, your put option protects you at $45, limiting your loss to $5,000 instead of $20,000, though you paid a premium for that protection upfront.

Etymology

From 'hedge' (a boundary or protective barrier) — protecting your investments with a financial barrier.

Common Misspellings

hedgeinghedgnghegdinghedgnig
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Related Terms

Risk Managementoptions

More in risk management

Other risk management terms you should know

hedgeAn investment made to reduce the risk of adverse price moveminterest rate riskThe risk that changes in interest rates will negatively affecounterparty riskThe risk that the other party in a financial transaction wilsystemic riskThe risk of collapse of an entire financial system or marketliquidity riskThe risk that an asset cannot be sold quickly enough to prevconcentration riskThe risk of loss from having too large a portion of a portfo

See Also

derivativesinsurance
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