Basis Risk and risk as delta, etc

https://opentuition.com/groups/ask-the-tutor-acca-p4-exams/forum/topic/reasons-for-existence-of-basis-risk/
Just need to learn Delta hedge, the rest of “Greeks”, know concept will be enough.

Market Value Added
MVA is the value added to a business since it was formed, over and above the money invested in the company by shareholders and long term debt holders.
Example
BB Plc
2003 Ve = $25m
2004 Ve = $40m
Rights issue in 2004 = $5m
MVA = $40m – $25m – $5m = $10m

Hello.

I know the concept of basis risk but i am having a difficulty in using it. When determining the futures closing price, whether the basis points adds up in the futures price or deducted from the futures price? Kindly help me.