speculative risk
2.A Study on the Multiple Exponential Smoothing Measure of Oder 3 and Its Application for Speculative Risk of Securities
3.a bad investment; high risk investments; anything that promises to pay too much can't help being risky; speculative business enterprises.
4.In the past time, many enterprises hedged mainly for the sake of spot transaction risk prevention, when they failed in hedge, they turned to attribute the reason of failure to miscellaneous causes instead of taking some compensation measures, let alone striving for the speculative profit by taking advantage of the future market.

