Question

what is speculation? ​

Answer 1

the forming of a theory or conjecture without firm evidence.

"there has been widespread speculation that he plans to quit"

synonyms: conjecture, theorizing, hypothesizing, supposition, guesswork; More

2.

investment in stocks, property, etc. in the hope of gain but with the risk of loss.

"the company's move into property speculation"

Answer 2

$\red{Speculation}$ refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain or other major value. With speculation, the risk of loss is more than offset by the possibility of a substantial gain or other recompense.