return to stock form 中文意思是什麼
return to stock form
解釋
物料退回庫房的收據-
I was in some degree settled in my measures for carrying on the plantation, before my kind friend the captain of the ship that tool : me up at sea, went back ; for the ship remained there in providing his loading, and preparing for his voyage, near three months, when telling him what little stock i had left behind me in london, he gave me this friendly and sincere advice, seignior inglese says he, for so he always called me, if you will give me letters, band a procuration here in form to me, with orders to the person who has your money in london, to send your effects to lisbon, to such persons as i shall direct and in such goods as are proper for this country, i will bring you the produce of them, god willing, at my return ; but since human affairs are all subject to changes and disasters, i would have you give orders but for one hundred pounds sterl
這次他的船是停在這兒裝貨的，貨裝完后再出航，航程將持續三個月左右。我告訴他，我在倫敦還有一筆小小的資本他給了我一個友好而又誠懇的建議。 "英國先生， "他說，他一直這么叫我的， "你寫封信，再給我一份正式委託書請那位在倫敦替你保管存款的人把錢匯到里斯本，交給我所指定的人，再用那筆錢辦一些這兒有用的貨物。 -
We analyse the dispersion of stock returns and have the tests of serial correlation. the results show that the trading mechanism has a significant effect on a number of characteristics of stock returns. first, the distribution of open - to - open returns has greater variance than that of close - to - close returns. second. the serial correlation pattern is quite different in the two return series. the open - to - open returns have negative autocorrelation coefficient, but the close - to - close returns is positive. further, employing an arma ( 1, 1 ) model we find that in the opening. returns exhibit higher residual noise and stronger dependence on past returns, reflecting stronger deviations from the random - walk form of the market efficiency hypothesis
主要表現為：一，開盤收益序列比收盤收益序列具有更大的方差。二，兩種收益序列的序列相關形式不同，開盤收益序列表現為負相關，而收盤收益序列表現為正相關。而且我們通過arma （ 1 ， 1 ）模型的進一步檢驗，發現開盤收益序列比收盤收益序列具有更大的殘差，更依賴于過去的收益序列，也更偏離於市場有效的隨機遊走形式的假設。
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