收益波動 的英文怎麼說

中文拼音 [shōuyìbōdòng]
收益波動 英文
volatitle revenue dynamic
  • 收 : Ⅰ動詞1 （把攤開的或分散的事物聚集、合攏） put away; take in 2 （收取） collect 3 （收割） harvest...
  • 益 : Ⅰ名詞1 （好處） benefit; profit; advantage 2 （姓氏） a surname Ⅱ形容詞（有益的） beneficialⅢ動詞...
  • 波 : Ⅰ名詞1 （波浪） wave 2 [物理學] （振動傳播的過程） wave 3 （意外變化） an unexpected turn of even...
  • 收益 : income; proceeds; profit; earnings; gains; avails; gainings
  • 波動 : 1 （不穩定） undulate; fluctuate; unsettle; surge; rise and fall 2 [物理學] wave （motion）; wave...
  1. We will show that not any mean of the revenue rates of the industrial indexes is significantly beyond value zero at confident level 0. 90. moreover the mean of the revenue rate of sse 30 index is negative ( though not significant ). and the fact of " the heritage of variance " appears congruous to the feature of industries represented by the corresponding indexes

    第二章，通過分析上海股市各分類指數的收益率序列的特徵，得出結論如下：各序列都非正態，有自相關性和異方差存在，相對適宜用garch （ 1 ， 1 ）來擬合；除了上證商業（ 1b0002 ） ，各分類指數收益率的均值在85的置信度下都不顯著地異於0 ，而上證30 （ 1b0007 ）的收益率竟小於0 ；在各分類指數中， 」波動繼承性」的結果和各分類指數對應行業的特徵是相關的。
  2. Farmers can lose rather than gain if incomes fluctuate because of variations in crop yields and outputs-stable prices can then destabilize incomes.

    農作物產量和產值的變化如果引致收入波動，這對農民來說就可能是有害無益，因為穩定了價格可能穩定不了收入。
  3. Teck said the combined company would have the advantage of a diversified base, reducing earnings and cash flow volatility

    特克-科明科公司表示，合併后的公司將擁有多樣化業務的優勢，並能夠減少收益和現金流方面的波動性。
  4. Expounds the five main aspect of risk in national commercial bank, i. e. signal liability structure, bad loan quality, low capital efficiency, imperfect restriction on interior power, thin consciousness on risk avoidance ; summarizes five characters of the bank risks, including risk concentration, moral risk, risks caused by system structure, inequi ty between bank risks and revenues, aggrandizement trend of bank risks ; analysis eight reasons for bank risks, including proprietary ownership voidance, macroeconomic fluctuation, ineffective capita ] buffer mechanism, enterprise reasons. no synchronous fiscal investment and financial reform, incompetence law and regulation enforcement. chapter4 argues the opportunities and challenges of the financial globalization and requirement for bank risk managem ent. chapters suggests the methods for the risk management of national commercial bank

    緊接著在第三章闡述了我國國有商業銀行風險的「五大表現」 ，即負債結構單一、信貸資產質量差、資本充足率低、內部控制機制薄弱、防範風險的意識淡薄；總結了我國國有商業銀行風險的「五大特點」 ，即風險高度集中、風險人為匿藏、風險的體制性、風險與收益嚴重不對稱、風險呈繼續擴大態勢；剖析了我國國有商業銀行風險形成的「八大因素」 ，即金融產權「人格」虛設、宏觀經濟波動、資本金等緩沖機制不健全、財政、投資和金融的體制改革不配套、法律和法規不健全等。
  5. 2. the paper studies calendar effects of the sample, such as periodicity and long memory 。 so we use the flexible fourier form regression proves and filters the periodic components 。 and use ghp method to estimate the fractional integration d

    用對數周期圖法（ gph ）檢驗和估計序列長記憶行為。最後對去周期的收益序列建立了garch和egarch模型，較理想的擬合了價格的波動。
  6. The results show that : ( l ) adoption of the intermittent mean price instead of the point price at the end of the option will help to reduce the chances of profit - making manipulated by managers and to curb the manager ' s motive to control the stock price ; ( 2 ) generally speaking, stock price of mean price option is more incentive to the managers than that of the black - scholes ; ( 3 ) when the stock market slumps at the end of the option, mean price option will ensure a moderate insurance for the managers ; ( 4 ) when stock price slumps alone with the overall situation of the stock market in the intermittent option, mean price option. however, will be inefficient as an incentive. chapter four addresses the questions concerning the manager ' s manipulation of the stock price, and the increase of the option risks because of long - term slump of the stock market

    第三部分包括第三至五章，第三章針對時點價格容易被控制和時點價格的波動性太大，增加了經理期權的風險等問題，研究採用期權期內的平均價格替代期權期末的時點價格計算經理股票期權收益，構建了幾何型平均價格期權定價公式，並與black ? scholes期權定價公式進行了定量對比分析，結果表明： （ 1 ）採用期權期內平均價格替代期權期末時點價格有利於降低經理通過操縱股價的牟利機會，遏制經理操縱股價的動機； （ 2 ）一般條件下，平均價格期權股票價格對經理的激勵作用優于標準期權； （ 3 ）當臨近期權期末股價下跌時，平均價格期權能為經理提供適度保險； （ 4 ）當期權期內，股票受大市持續走弱影響而下跌時，平均價格期權失去了激勵作用。
  7. The investment integration disperses the risk of trade fluctuation, increasing the gross national incomes in a country

    通過投資一體化分散貿易條件波動所帶來的風險，增加一國的總體收益。
  8. This paper includes five parts. the first is to review the study on the subject ; the second is to discuss the characteristic of chian ' s stock market. the change of money - admitted policy and the questions on the study. the third is to verify the size effect in china ' s stock market by using correlation test and regression test on the bases of four different criterions, each criterion will be applied with two time - series methods. the fourth is to summary the main character of four different criterions, and apply joint test to the criterions that were proved the best concerning the size effect. the illiquidity risk was introduced to the study, the indexes of turn - over rate and the fluctuation of turn - over were used here. however, other factors that may influence the invest return rate as circulating rate and size were also included. according to the result, the size effect will be interpreted. the fifth is to summary the size effect and its explaination, and then to provide some useful invest strategies based on the conc lusion above

    論文分五部分，第一部分對小公司效應的有關研究文獻進行回顧;第二部分我國股票市場的狀況、資金供給政策的變化和我國股票市場實證的相關問題進行論述;第三部分對我國股票市場的小公司效應按照四種不同的規模標準分類，每一種標準均分兩種不同的統計周期分段標準進行實證分析;第四部分小結不同的規模分類、不同統計周期分段的統計結果特徵，然後對小公司效應最明顯的規模分類標準進行多因子聯合回歸分析，這里引入了流動性風險因素，其用換手率和換手率波動指標來衡量，還分別引入了其它影響投資收益率的因子，分別是規模、流通比例。
  9. Secondly, theoretical models for time series, such as garch, egarch, tarch and garch - in mean, and the methods of parameter estimation are introduced. then, these models are employed to test the volatility in shanghai a - share, shanghai b - share, shenzhen a - share and shenzhen b - share. next, in chapter 4, we study the co - integration and test the granger causality between the four share indexes. finally, the spillover of volatility between a - shares and b - shares markets are tested

    第二，通過模型的比較分析，發現殘差基於t分佈的arch類模型較之基於正態分佈和ged分佈的arch模型能更好地刻畫我國股指收益率序列的特徵。第三，滬深a股在兩個階段的變化甚微，保持著非對稱效應，對利空消息的波動大於利好消息的波動，風險補償為正向，且風險補償系數的變化不大。
  10. The fourth chapter " reseach on fractai structure of stock price " anaiyzed the fractai structure of stock price, deduced the investment function, caiculated the hurst exponent, 3 correlation dimension, and max lyaponov exponent, analyzed the self - similarity, long range dependence, circulation period of stock price and sensitivity of stock price to the initial value, suggested took the exponent characterize fractal instead of variance as instrument to measure risk

    第四章分析並檢驗了股票市場的分形混沌特徵，推導了投資函數，計算了表徵股票市場分形特徵的hurst指數，關聯維和最大lyapunov指數，分析了股票價格的自相似性、長期記憶和循環周期，分析了股票價格的波動對初始條件的敏感性，提出中國股票市場具有混沌分形的特性，用傳統的方差法度量股票風險是無效的，必須使用混沌分析能夠理論來刻畫股票收益的風險，建立收益模型。
  11. 5 ) the volatility in china ' s stock market has become more and more rational since the rule of raising limit was established in 1996. in chapter 3, the model of tgarch ( glosten, jagannathan, and runkle, 1993 ) is used to test the volatility of these stock shares indices

    其次，在第3章，我們主要採用glosten ， jagannathan和runkle （ 1993 ）等人提出的非對稱的tgarch （ thresholdgarch ）模型對市場指數的日收益數據進行了波動特徵的擬合檢驗。
  12. An empirical study of drift of stock earnings yield

    股票收益率波動的實證研究
  13. The result shows that the period cost and the interest yield similar results in the business income wave

    結果表明：在企業收益波動程度方面，期間成本和債息的使用產生了類似的結果。
  14. As the volume of sales is greater than the boundary point, the utilization of the period coat and the interest will increase the wavy degrees of business income

    當銷售量大於分界點時，期間成本、債息的應用將增加企業收益的波動程度。
  15. But as the volume of sales is less than the boundary point, the utilization of the period cost and the interest will reduce the wavy degrees of business income

    但是當銷售量小於分界點時，期間成本、債息的應用將會降低企業收益的波動程度。
  16. Different companies need determine their own financing strategies according to such factors as running venture, income fluctuation, venture preferences and competition rivals

    摘要不同的公司需要根據經營風險和收益波動狀況、風險偏好以及競爭對手狀況等因素來決定自身的融資策略。
  17. The results indicated that the change of capital structure of chinese listed companies is counter - cyclical and financial deepening promotes the capital structure optimization of listed companies in the certain degree. empirical analysis also show there is a negative relationship between stock market scale, actual loan interest rate, profitability, fluidity, income volatility and capital structure. we also can see a positive relationship between fir, the bond market scale, the property structure, growth opportunities, size and the capital structure

    結果表明我國上市公司的資本結構變動與宏觀經濟周期之間呈逆向變動;金融深化在一定程度上促進了上市公司資本結構的優化;股票市場規模、實際貸款利率、盈利能力、流動性、收益波動性與資本結構負相關;金融相關比率、資產結構、成長性、公司規模與資本結構正相關。
  18. The paper accounts the importance and the necessity of the forecasting research to the stock return volatility of our country, and the use in practice of the forecasting about the stock return volatility, firstly, stock market of our country is divided into large scale stock 、 middle scale stock and small scale stock on the basis of stock size. secondly, according to the basic method of the mathematical statistics ， the behavior of the return volatility about single stock is described by using the model of the rolling variance estimates 。 through the relation of daily returns volatility and weekly returns volatility and the forecasting accuracy of the volatility forecasting model to various stock scale ， we do practical analysis with the forecasting research to return volatility of single stock market

    在個股收益波動性的可預測性研究方面，首先按市值規模大小將我國股票分為大盤股、中盤股和小盤股，然後利用數理統計的基本方法，用滾動樣本方差估計模型描述個股市場收益波動性的行為，並對三種股票日收益率序列及周收益率序列波動之間的關系以及波動預測模型對各種股盤的預測準確性進行了實證分析和結果檢驗。
  19. To the forecasting research of a stock multiple market and b stock multiple market, beginning with garch model of the stock return rate and the volatility, we discuss the multiple market diagonal portfolios strategy on the foundation of the forecasting research to the return volatility of the stock by using asymmetric garch and bekk model which are the deformations of garch model, and finally, we construct the portfolios by way of the selection of volatility forecasting model

    在綜合市場股票收益波動性的可預測性研究方面，著眼于a股綜合市場和b股綜合市場，對其收益波動性的可預測性研究，主要從股票收益率與波動性的garch模型入手，並用其變形?非對稱性garch模型及bekk模型對我國a股綜合市場和b股綜合市場收益波動性進行可預測性研究，在此基礎上，探討了單變量對角投資組合戰略和多變量對角投資組合戰略，最後通過波動預測模型的選擇來構造投資組合。
  20. The receiver works on active mode and passive mode in different time. in active mode, the receiver is narrow - band and high sensitive, and if phase - lock technology is used to stabilize receiving frequency. and in passive mode, the receiver is an all - power millimeter wave radiometer with periodic calibration to improve measure precision

    此接收機採用分時工作體制，在主動工作方式時為窄帶的高靈敏度毫米波接收機，接收機中採用中頻鎖相技術，簡化了毫米波鎖相帶來的困難；在被動工作方式時為全功率型的毫米波輻射計，這種輻射計在每次測量后都採用兩個標準源對輻射計定標，實現周期定標，消除因系統增益波動和有效本機噪聲波動帶來的測量誤差，提高測量測量精度。
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