In the futures market, fair value is the equilibrium price for a futures contract. This equals the spot price, taking into account compound interest (and dividends lost by the investor owns the futures contract rather than physical stocks) over a period of time determinado.El “fair value” quoted on TV concerns the relationship between the futures contract on a market index and the real value of the index. If the futures are above fair value then traders are betting the market index will go higher, the opposite is true if futures are below fair value. . .