market arbitrage 中文意思是什麼
market arbitrage
解釋
市場套利-
Arbitrage, transaction costs, and autarky : china ' s grain market development
交易成本和貿易中斷看中國糧食市場的發育 -
The thesis, somehow, is a summary, which expounds the main contents of traditional portfolio theory ( tpt ) and mpt, also gives a comparison between tpt and mpt ; analyses two aspects of markowitz theory, one is the effects of risk disperses and the demonstration, the other is how to make an optimal portfolio strategy ; researches into capital assets pricing model ( capm ), factor model ( fm ) and arbitrage pricing theory ( apt ) respectively in three parts ; studies another two parts, one is the premise of mpt, which is the efficient market hypothesis ( emh ), the other analyses the behavior finance theory ( bft ) produced in the background of challenging and querying to emt and capm. the thesis finally discusses the researching and applying prospects of mpt in china
論文對現代資產組合理論與傳統資產組合理論分別進行了分析，並對兩者進行了比較研究，對馬克維茨的均值? ?方差理論從資產組合風險分散效應和最優資產組合選擇兩方面進行了重點分析，對資本資產定價模型、因素模型、套利定價理論進行了一定深度的分析和研究，對現代資產組合理論的前提假設? ?有效市場理論及在對有效市場理論和資本資產定價模型形成挑戰和質疑背景下提出的行為金融理論進行了論述，論文最後分析了現代資產組合理論在我國的研究及其應用的廣闊前景。 -
We found that if the coin is fair, you will be able to start from a very small capital, say ? > 0, by means of legal trading, to obtain a very large profit, say a / < < x >, with a probability very close to 1, say 1 - a. ve will call this situation an opportunity of essential arbitrage. we feel that it is unreasonable to consider such a financial market & perfect
我們發現如果硬幣是公平的（均勻的） ，你就有可能「從任意小的初始資本0出發，經過合法的交易，以任意接近於1的概率（容許取極限，甚至可以達到概率1 ）獲得預先指定的（可以任意大的）目標盈利m 」 ，我們把這種可能成為「可本性套利」 。 -
But i suspect that if an effective mechanism for arbitrage appears, market expectation would then be strong enough to help bring about price equalisation, lessening the need for actual arbitrage activities
然而，我相信若真的設立有效的套戥機制，屆時市場對價格趨於一致的預期會有助平衡兩地的價格，從而減低進行套戥活動的需要。 -
The analysis involves martingale theory, optimal stopping, stochastic control problem and convex analysis. as for the general incomplete financial market, the upper - and lower - hedging prices of arbitrage - free interval are obtained. the quisimartingales decomposition has been proved
藉助于鞅論，最優停時，隨機控制和凸分析等理論與方法，就一般的非完備金融市場，未定權益的估值得以研究，並且我們求出了上、下保值價格。 -
In your attempt, you will probably be confronted with a lot of esoteric jargon convertible arbitrage, dedicated short bias, event - driven risk arbitrage, distressed securities, etc. they are all very interesting market plays no tongue in cheek, and frankly i admire the adroitness of their designs
等。這些都是挺有意思的市場用語，我深感創制出這些用語的人的確獨具匠心。然而，有一點大家必須留意，對沖基金主要是找出我們所謂的市場反常現象 -
Based on a theoretical analysis of chinese security market using capm and apt model, this dissertation is going to focus on positive study usin g econometrical model to deeply and quantitatively delineate equilibrium realization and market efficiency of chinese security market and therefore to find the cause of low market efficiency and the obstacle to the establishment of non - arbitrage equilibrium
我們在運用capm和apt模型對中國證券市場進行理論分析的基礎上，重點利用計量經濟學的實證研究模型，對中國證券市場的均衡實現與效率狀況進行定量的研究刻劃，並由此詳細研究無套利均衡建立的障礙和市場低效率的原因。 -
24of course, the market portfolio may turn out to be one of the factors, but that is not a necessary implication of arbitrage pricing theory
24當然，市場投資組合可能會是因素之一，但是那不是套利定價理論的一個必需的潛臺詞。 -
Such arbitrage opportunities, however, would not close the gap between the market exchange rate and the linked rate of 7. 80, since the hkma would stand ready to convert the aggregate balance at a rate stronger than 7. 80 until the convertibility rate converged to 7. 80
盡管如此，但由於在兌換匯率尚未統一前金管局都會以較7 . 80為強的匯率兌換總結餘，因此上述套戥活動不會令市場匯率和聯系匯率之間的差距消失。 -
The standard finance theory holds that investors are rational, and the security market is efficient due to the possibility of perfect arbitrage, even if most of the investors are irrational
標準金融學認為，投資者是理性人，即使大部分投資者是非理性人，但是由於完美套利的存在，市場也將是有效市場。 -
The structural model of cmpsem includes meat products supply, demand, and interregional trade flows. and the principal factors that affect those three phrases ( like spatial arbitrage principle ) are considered. the potential spatial structures of meat market are modeled using spatial equilibrium framework, while the factors change
Cmpsem的結構模型包括豬肉、牛羊肉和禽肉的供給、需求和地區間流通等三方面，並涵蓋了一些影響肉產品市場地區分佈和地區間基本格局（即空間均衡格局）的主要因素，而反映地區間貿易流通的空間套利（ spatialarbitrage ）原則充分考慮我國肉產品地區間流通發生的基本條件。 -
The paper puts forward that securitization promote efficiency from savings to investment and makes the market no arbitrage opportunity, which means that controlled interest rate should turn to equilibrium interest rate, the market interest
在對資本形成的分析中，文章認為證券化提高了儲蓄轉化為投資的效率。同時使市場無「套利」機會，即管制利率要向均衡利率轉化。 -
In the first few days of april, there had been some selling of hk dollars in the market in an attempt to exploit short - term arbitrage opportunities, and the hkma sold some us dollars under the convertibility undertaking
在4月初首幾日，市場上曾有一些短期套戥的港元沽盤，金管局因而根據兌換保證售出一些美元。 -
The author uses three classical portfolio theories, portfolio selection, capital assets pricing, arbitrage pricing and the economics together with the operational procedures to create a new portfolio method which is to construct a high level portfolio first, then a low level one and finally combine them into a two - folded portfolio. the author in this dissertation makes an application of the new method over the capital market to show its advantages in use
本文針對現代投資組合理論方法的不足，並在系統梳理三大投資組合理論的基礎上，融進現代經濟學理論，結合實踐中的具體操作步驟，將現代投資組合理論方法分解為：先構建高層次類別的投資組合，然後建立低層次類別的投資組合，最後復合成二重投資組合，通過在資本市場上的理論應用，旨在說明二重投資組合理論方法具有的優勢所在。 -
After current account ' s convertibility and before capital account ' s convertibility, in order to supervise balance of payment scientifically, prevent capital account fund flow into current account, strike foreign exchange flee, arbitrage and cheating, anti money washing, guarantee the stability of foreign exchange market and maintain the authenticity and safety of government ' s taxation base, current account ' s authenticity management is still of great essential to be the final " fireproof break " of foreign exchange management
在經常項目可兌換后、資本項目可兌換前，出於對國際收支科學監管、防止資本項目混入經常項目、打擊逃套匯與騙匯活動、反洗錢、保證外匯市場穩定以及國家稅基真實安全的需要，經常項目外匯真實性管理作為我國外匯管理最重要一道「防火墻」仍有其存在的必要性。 -
In the first chapter, we narrate the characteristic of convertible bond, give some clues about development and actuality of the market and its pricing theory ; in the second chapter, we introduce modeling idea and some material problems in the model in detail, draw the yield curve which is very important to the model by spline method ; in the third chapter, we first explain the basic idea and convergent speed of monte carlo method, then, give the mathematical description for financial market, prove equivalence of non - arbitrage market, existence of risk neutral probability measure in the market and the price process of underlying asset is a martingale ; in the forth section, we introduce how to simulate stock price path by monte carlo method in detail, based on foregoing result, we prove the path is a martingale, thereby, the model is logical
本文第一章先對可轉債的特點、市場發展和現狀及其定價理論的發展和現狀作一概述;第二章詳細介紹了建模思想和模型中的一些具體問題，利用spline方法繪出了在模型中具有重要作用的收益曲線;第三章首先敘述了montecarlo方法的基本思想和有關其收斂速度的一些性質，然後從數學的角度給出了對金融市場的描述，證明了市場無套利、市場存在風險中性概率測度及標的資產價格過程為鞅的等價性;在第四節中，對用montecarlo方法模擬的帶跳股價路徑作了詳細介紹，並利用前兩節的結論證明了模擬的帶跳股價路徑為一個鞅過程，從而保證了模型在理論上的合理性。 -
The arbitrage of commodity futures takes advantage of the price relation in different delivery month futures contracts. as market factors affecting short - term and long - term commodity future prices are not same, or the same factors may affect the market to different extent in the short term and long term, therefore their spread will change. the spread may deviate from the range of the price variation of the two contracts, or it may possibly form trend
商品期貨套利交易利用不同期貨合約之間的價格關系來獲利，由於影響短期和長期期貨價格的市場因素不盡相同，或者同一因素對市場的短期影響和長期影響有別，反映在期價的變化上就是近期合約價格和遠期合約價格的變化幅度不一，最終導致不同期貨合約間的價差關系發生變化，價差可能脫離兩合約之間正常的價差變動范圍，也可能形成趨勢。 -
The elimination of riskless profit opportunities in the futures market is referred to as arbitrage
期貨市場上消除無風險的利潤機會被稱為套利。 -
In a well functioning capital market, arbitrage prevents the law of one price from being broken, and in fact, violations of the law are rarely seen
在一個高效有續的資本市場，套利可以防止單一價格定律被打破，事實上，違反這一規則的事例屈指可數。 -
The topic of this paper is to analyze the linkage and make empirical research on inter - market arbitrage from the difference in pricing between interbank market and exchange market, and accordingly find out the characteristic and variety of market mechanism in the process of transformation of treasure market institution
本文研究的主題，是從銀行間國債市場和交易所國債市場在定價上的聯系或偏差出發，進行聯動性的考察和套利的實證研究，從而在中國國債市場制度變遷的過程中，從價格視角反映出市場機制本身的特徵和變化。
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