有效投資組合 的英文怎麼說
中文拼音 [yǒuxiàotóuzīzǔgě]
有效投資組合
英文
efficient portfolio- 有 : 有副詞[書面語] (表示整數之外再加零數): 30 有 5 thirty-five; 10 有 5年 fifteen years
- 效 : Ⅰ名詞(效果; 功用) effect; efficiency; result Ⅱ動詞1 (仿效) imitate; follow the example of 2 ...
- 資 : Ⅰ名詞1 (錢財; 費用) money; wealth; expenses 2 (資質) intelligence; endowment 3 (資格) quali...
- 組 : Ⅰ名詞1 (由不多的人員組成的單位) group 2 (姓氏) a surname Ⅱ動詞(組織) organize; form Ⅲ量詞(...
- 合 : 合量詞(容量單位) ge, a unit of dry measure for grain (=1 decilitre)
- 有效 : effective; valid; efficacious
- 組合 : 1 (組織成為整體) make up; compose; constitute 2 (組織起來的整體) association; combination3 [...
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The first part is introduction, presenting this paper ' s structure, research background and so on ; the second part introduces some issues relating closely to risk, the tangency point between indifference utility curve and efficient frontier is the optimal portfolio ; the third part explores risk evaluation, this part begins with some risk factors affecting security ' s price and return, then analyzes the methods evaluating degree of risk, finally, introduces a more popular method of risk evaluation - - var ; the forth part expounds risk management, this part studies some risk control strategies correspond to specific risk mentioned above ; the last part put forward some advice contrapose issues existed in risk management in china
第一部分為緒論,介紹本文的相關背景;第二部分是與風險相關的幾個問題,等效用曲線與有效邊界的切點是投資者選擇的最佳投資組合;第三部分是風險衡量,該部分首先分析了證券與股票所面臨的風險,然後對債券和股票分別介紹,最後介紹了目前比較流行的風險衡量方法? ? var方法;第四部分為企業風險管理,這里針對上文所述的風險提出相應的風險控制策略;第五部分針對目前我國風險管理中存在的問題提出了幾點建議。In addition, the author find that the two indices : c / p and e / p are not valid indices to distinguish value stock from glamour stock, and two - dimension indices have better ability to distinguish value stock from glamour stock than one - dimension indices, which is same as lsv ( 1994 ). finally, the evidence of return mean - reverting from this chapter support the ideas of debondt & thaler ( 1985 ) on stock overreaction
而且作者發現c用和e護指標並不是劃分價值投資組合和魅力投資組合的有效指標。而且二維指標對價值投資組合和魅力投資組合的區分能力高於一維指標,這與lsv ( 1994 )的結論相同。最後,價值組合和魅力組合在組合形成前後的收益率反轉現象也支持了debondt & thaler ( 1985 )有關股票市場存在過度反應的觀點。The capital asset pricing model ( capm ) demonstrates that the market portfolio is essentially the efficient frontier
資本資產定價模式capm證明市場投資組合本質上是有效的邊界。A utility maximization model of the investment portfolio including risk - free asset is put forward, with short sales allowed
摘要提出了在允許賣空情況下含有無風險資產且借貸利率不同的效用最大化的投資組合模型。The cml is considered to be superior to the efficient frontier since it takes into account the inclusion of a risk - free asset in the portfolio
Cml被認為對有效邊界來說是更高級的,因為它考慮到了投資組合的無風險資產的內容。Considering the real situation in china ’ s securities business, this paper modifies camp. based on “ loss aversion ” and “ house money effect ” in behavioral bias theory, this paper builds a new model on investor behavior using the theory of fuzzy mathematical to simplify camp
結合中國證券市場的實際情況,本文重新對投資組合理論進行修正:以行為金融關于「損失厭惡」和「私房錢效應」兩個有限理性偏差為理論基礎,利用模糊數學理論對投資者組合理論進行簡化,構建了一個新的投資者行為模型。After that, a lot of research works were made in the vc ' s investment decision combined with many practical cases from the investment area to the investment composition. and the thinking structure of how to establish the investment strategy of a vc company has been found. avoid the risks which the vc faced effectively is the main purpose here
並在此基礎上運用風險評價的定性與定量理論分析相結合的方法,結合大量實際案例,以「風險投資公司應有效規避所面臨的投資風險」為基本出發點,從投資理念、投資組合到投資結構等方面進行了深入而細致的研究;提出了風險投資公司建立自己的投資戰略的方法。For non - linked individual life business, the in - force portfolio as at 31 december 2002 indirectly projected total expected revenue premiums of $ 39, 291 million in 2003
在非投資相連個人人壽業務方面,根據2002年12月31日的有效保單組合間接推算所得, 2003年的預期保費收入是392 . 91億元。Sensitivity analysis to the e ? cient frontier and the optimal solution of the portfolio with lower budge constraint are studied when mean or risk of some security is changeable ; ? the portfolio selection models with the ? xed consumption - income and the continuous - time incomplete information are introduced ? nally
針對帶有投資資金下界約束的m - v證券投資決策模型,我們對其有效前沿和最優解進行了靈敏度分析,得到了當某一證券的期望收益率或風險發生變化時最優投資組合的有效邊界和最優解的變化情況;Then, this paper introduce a new method of measuring the risk ? ? cohesive value at risk ( cvar ), which is more logical than the var on optimizing the portfolio according to the characteristic of the stock bargaining market of our country, it constructs a corresponding index of liquidity risk of the stock assert of the open - end fund, and by constructing a optimized model in cvar, the liquidity risk of stock assert of the open - end fund is efficiently controlled
接著,本文引入了一種全新測量風險的方法cvar方法,並且根據我國交易市場的特點構造了相應的開放式基金股票組合的流動性風險指標,通過構造cvar調整的投資組合風險優化模型有效的控制了股票資產組合的流動性風險。本文的研究表明: ( 1 )開放式基金股票組合的流動性風險具有明顯的尾部風險。Thereby, as an efficient way of dispersing risk and obtaining market - average income, investing according to the index is warmly welcomed by numerous investors as stock market efficiency improving everyday
指數化投資選擇市場指數代替市場投資組合作為投資對象,是一種有效分散投資風險、獲得市場平均收益的投資方式,在股票市場效率越來越高的今天,受到了廣大投資者的歡迎。In the past portfolio modeling work, the single index model has been used continually, which is based on the suppose that securities yield is simple correlation with market portfolio ( or coefficient ft used to describe securities market risk ), but if above suppose is true and if the investment portfolio is effective
在實際建立證券投資組合時,使用較多的是計算簡單易行的單指數模型。單指數模型是建立在證券收益率只與市場組合(或者衡量證券系統風險的系數)簡單相關的假設條件之上的,但是這樣的假設是否成立,從而據此建立的投資組合是否有效呢A line used in the capital asset pricing model to illustrate the rates of return for efficient portfolios depending on the risk - free rate of return and the level of risk ( standard deviation ) for a particular portfolio
一個線條用於資本資產定價模式中說明有效的投資組合的回報率,取決于無風險回報率和對一特定的投資組合的風險水平(標準偏差、標準離差) 。Var and stress testing model can measure this tail risk, therefore, combined with delta - method, var is the efficient model that can be applied to measure chinese security portfolio market risk
股票收益率呈現出厚尾特性, var及其壓力測試模型能很好的計量投資組合的尾部收益及風險,因而結合了var的方差模型是適合於我國證券投資市場風險計量的有效模型。In capm mode, investors are presumed to be risk aversion people and faced with the market of risk asset. effect collection and deviation collection are produced by both subjective and objective conditions. at last, the premium portfolio and discount rate are drawn
它假定投資者為武漢理工大學碩士學位論文風險厭惡者,面對風險資產市場,由投資者的主觀和市場的客觀條件綜合作用形成了其選擇的有效集和最小方差集,從而找到最佳投資組合和期望報酬率(作為貼現率使用) 。Hku s portimizer includes advanced data management, robust portfolio optimization, self - explanatory performance charts, a versatile customization framework for effective manipulation of assets and optimization of portfolios, as well as index tracking and performance evaluation of assets and portfolios. it was well recognized by microsoft and was deployed in the first microsoft high performance computing cluster in hong kong. the software was first developed as a teaching tool by the department of statistics and actuarial science with funding support from hku s teaching development grant, which is then jointly developed with and commercialized by versitech ltd. verstitech ltd is the technology transfer and commercialization arm of the university of hong kong
港大投資智庫系統拓展學界尖端科技,是為優化財務投資及風險管理而設計的應用工具,系統軟體包括先進的投資數據分析系統完備的投資組合優化程式簡明的投資表現分析圖及按個人投資需要而設計的多選項的模擬功能,並建立指數基金功能及投資組合表現評估,以達致有效的資產管理及優化投資策略。At last the research gets an efficient portfolio which include different weighting shares. the efficient portfolio should be able to guide investor to judge the region shares " character and the profit of share combination, and direct the distribution of investment capital. in the end, the article still forecasts these companies " prospects and the macro - policy ' s trend or change
採用markowitz模型測算股票組合的收益、方差,試圖能通過各股權重的變化尋求有效證券組合,而該有效組合應能指導投資者對該地區的個股股性的優良與否、對該組合的收益預期性進行判斷以及對投資資金的分配給予指導,同時亦討論了西部上市公司的發展前景以及宏觀政策取向。By drawing essence from limited partnership contract, we can reconstruct and improve incorporated company contract in china ; the fourth, when compared with debt contract or common stock contract, convertible preferred stock contract is the best choice for our investing stage contract, because it is better to alleviate asymmetric information and lower agency cost effectively in the process of venture capital investment. but it is very possible that common stock contract would still be used widely in a certain long time because convertible preferred stock contract suffers law restriction and many other limitations in china ; the fifth, staged investment, combinative investment and united investment are recommended strongly in this paper
但由於可轉換優先股契約在我國受到諸多限制,普通股契約在一定時期內仍將居於主導地位;第五,分段投資、組合投資、聯合投資(投資辛迪加)可較好地適應風險投資過程中的不確定性、有效降低投資風險,應積極借鑒;第六,人力資本不確定性的存在是可轉換優先股、分段投資在契約條款中頻頻出現的內在原因;第七,信譽機制在風險投資過程中具有自動履約功能;第八,促進投資主體與產權結構多元化、轉換政府職能、完善法律法規、培育經理市場、健全社會信用體系、充分發揮信譽的自動履約功能是保障我國風險投資契約順利履行的關鍵。After getting the standard difference and beta index of after risks, it gets three measuring figures : shape performance index, treyner performance index and jesen performance index through establishing the after feature line model, and compared them. finally, combining with the present situation of investment fund in china, using the investment fund performance evaluation research at home and abroad as the reference, adopting indexes such shape, treyner, jesen, stock net selection rate and c value, it evaluates the performance of investment funds in china in four aspectsxomprehensive performance measurement of investment funds. stock selection capacity. market opportunity seizing capability and investment portfolio ; and mares a case analysis on the ten representative funds in china
最後,結合我國的投資基金的具體現狀,借鑒國內外同行對投資基金績效評估的研究,運用夏普業績指數、特雷諾指數、詹森業績指數、股票凈選擇率、 c值等指標,從投資基金的綜合業績度量、股票選擇能力、市場時機把握能力和投資組合分析四個方面對我國投資基金的績效進行了評估,並對在我國投資基金中有代表性的十隻基金進行了實證分析。Chapter one, researches about the impact of diversified investment to reduce the risk of security investment, analyzing the risk of the portfolio of these two security investment funds taken aggressive investment strategy. chapter two researches into the efficiency of these two portfolio
在第一章中,通過對二隻證券投資基金所持有的投資組合的風險情況的量化分析,研究分散化投資對降低投資組合風險的作用;在第二章中則具體研究了該二個證券投資組合的有效性。分享友人