Convergence

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Convergence

The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is usually higher because of time value. But as the contract nears expiration, and time value decreases, the futures price and the cash price converge. More generally, convergence trading involves taking two related assets that have different prices with the expectation that prices will converge (the cheaper asset is purchased and the more expensive is sold short).

Convergence

The fact that the futures price and the spot price for a given asset approach one another as a futures contract on that asset approaches maturity. At maturity, the two prices should be equal. The existence of convergence is the basis for the theory that forward rates equal future spot rates, though this idea is more controversial.

convergence

The process by which the futures price and the cash price of an underlying asset approach one another as delivery date nears. The futures and cash prices should be equal on the delivery date.
References in periodicals archive ?
0] as a null hypothesis in which no adaptive evolution occurred for the branches from parsimonious inference of convergent evolution (see above method) fixing [[omega].
Strains that cluster by one typing method must be analyzed by other methods to ensure that the groupings represent clusters of true relatedness and not cases of convergent evolution.
In this paper, I use a different method that does not depend on assumptions about the effects of convergent evolution on different types of characters.
They identified 60 genes that exhibited convergent evolution in CAM-using species, including convergent daytime and night time gene expression changes in 54 genes, as well as protein sequence convergence in six genes.
The researchers at Queen Mary University of London investigated the genomic basis for echolocation, one of the most well-known examples of convergent evolution to examine the frequency of the process at a genomic level.
The finding, adds Madsen, is "a beautiful example of what's called convergent evolution, where animals find the same solution to the same problem, but from different starting points.
I feel that the resemblance to today's premium cable is a matter of convergent evolution.
Is there a possibility that different biochemical usages, even of something as common as malate dehydrogenase, could lead to convergent evolution, and that convergence would appear as if it were horizontal transfer?
By using state-of-the art phenotyping methods based on X-ray micro-computed tomography and Illumina sequencing technologies we will combine morphometric, genomic, and metagenomic approaches to evaluate the extent of convergent evolution in the skull of myrmecophagous placentals, in their genomes, and in their associated oral and gut microbiomes.
Genome-Wide Signatures of Convergent Evolution in Echolocating Mammals," Nature 502, no.
Despite the different fig species involved, the same method for making barkcloth has evolved three times - a remarkable demonstration of cultural convergent evolution.
This isn't a complete list, but given the similar price points it shows that the convergent evolution of the tablet is happening.