Backwardation
Backwardation is a futures curve condition where near-term contracts trade above later-dated contracts.
Relative value strategy terms for carry trades, backwardation, contrarian positioning, and hedged tenders.
Relative Value and Carry Strategies terms describe methods investors use to reduce, shift, finance, or deliberately accept market risk.
Use this branch when the strategy label changes exposure, downside protection, leverage, collateral, liquidity, hedge cost, or risk appetite.
| Term | Use it for |
|---|---|
| Backwardation | A term page that narrows this branch to a specific investing concept, evidence source, or decision point. |
| Carry Trade | A risk, hedge, leverage, or tactical exposure term used in strategy review. |
| Contrarian Investing | A style, factor, screening, or research-process term used in security selection. |
| Hedged Tender | A risk, hedge, leverage, or tactical exposure term used in strategy review. |
Check the exposure being hedged or amplified, the instrument used, hedge ratio, leverage, collateral, margin, liquidity, counterparty risk, time horizon, and cost of protection.
This page is educational and does not recommend a specific investment strategy, security, tax treatment, or account choice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Backwardation is a futures curve condition where near-term contracts trade above later-dated contracts.
Carry Trade involves borrowing money in a low-interest-rate market and investing in high-return markets for profit.
Contrarian investing deliberately takes positions against prevailing market sentiment when price and fundamentals appear misaligned.
A hedged tender uses offsetting positions to manage risk around a tender offer or corporate action.