stock return 中文意思是什麼

stock return 解釋
股票歸還
  • stock : n 〈德語〉 滑雪手杖。n 1 （樹等的）干，根株，根莖。2 【園藝】砧木；苗木；原種。3 〈古語〉木塊，木...
  • return : vi 1 回轉，回來，回去，返回，折回 （ to）。2 再來，又來；復發，回復，恢復。3 回頭說正經話，回到本...
  1. 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。
  2. With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible

    本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。
  3. Cash flow is rain glass of enterprise ' s management. the financial status of corporation is fundamentally determined by some aspects like production plan, system of stock and system of tick and return payment, which also influence the cash flow

    現金流量是企業經營的晴雨表，企業的生產計劃、存貨制度、賒銷和回款制度等都會從根本上決定企業的財務狀況，影響企業的現金流量。
  4. 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。
  5. The extra return that the overall stock market or a particular stock must provide over the rate on treasury bills to compensate for market risk

    為補償投資者所冒的市場風險，股票投資的回報率必須高於國庫券，高出的幅度即稱為股票風險溢價。
  6. 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。
  7. Abstract using the data of stock ' s weekly return within the past 52 months in shanghai stock market, this paper calculated the beta coefficient of sampled stocks, and based on these, analyzed its characteristic in different industries, stability, and manifestation in both bearish market and bullish market

    本文通過對上海證券市場所選樣本股票52個月的周收益率進行計算，得到了樣本股的系數，並在此基礎上對系數在行業分佈上的特徵、穩定性以及在熊市牛市中的表現進行了研究。
  8. Marking all financial assets to market, which is the proper accounting approach for fund management, we achieved an investment return in 2003 of hk 89. 6 billion. in terms of the actual amount, this is the third highest return in the history of the exchange fund, though it is understandably behind 1998 and 1999, when investment return was boosted by book profits from the stock market intervention

    若依照基金管理的會計方法對所有金融資產進行市值評估，外匯基金在2003年的投資回報額是896億港元，這是外匯基金歷來錄得的第三高回報，不過當然比不上1998及1999年的成績，因為股票市場入市行動錄得的帳面溢利大大推高了這兩個年度的回報額。
  9. And the existence of non - competitive return distorts signal at stock market, which results in inefficient allocation of capital factors ( the sixth chapter )

    超額「非競爭收益」的存在，扭曲了股票市場價格信號，導致了資本要素低效率配置（第六章） 。
  10. However, hong kong stock investors and cash rich companies have strong appetite for high risk, high return shares, as well as the interest to invest in the mainland

    然而，香港的股票投資者和許多資金雄厚的公司，對投資國內以及高風險高回報的項目均感到興趣。
  11. By using serial correlation test and cross - section test through the data of the share companies that were listed in shanghai stock exchange before 16th oct 1998, the size effects in china stock market was tested in the period from 16th oct 1998 to 26th oct 2001. all the share companies which in total 373 were grouped into 11 according to four different criterions. these four different criterions were total circulating captal stocks, total circulating market value, total capital stocks, total value of a share company. through the correlation test between the abnormal return rate and the size of the group, no size effect was found through the size criterion of the total value and the total circulating value except only one period

    運用序列相關性我國股票市場的小公司效應進行實證檢驗，所採用的樣本是在1998年10月16日以前掛牌上市的373家上市公司從1998年10月16日到2001年10月26日，共150周的交易數據。對公司進行以規模大小分組時，分別採用了流通市值、流通股本、總市值和總股本四種不同的標準進行投資超額收益率規模相關性分析，發現以總市值和流通市值為規模標準的實證結果除個別時期內存在著小公司效應外，其它時期並不存在小公司效應，而以總股本和流通股本為標準的小公司效應最為明顯；另外，小公司效應在統計區間內表現出時段性。
  12. Fama and french wrote an article for the journal of finance in the year of 1992. they thought that p is unrelated to stock return. this view is strongly against the key thought of capm and directly against the efficient market hypothesis ( emh )

    1992年fama和french在《金融雜志》上撰文認為，股票的系數和收益率之間基本上沒有關系，這一觀點抨擊了capm核心思想，並直接抨擊了有效市場假說。
  13. 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。
  14. 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。
  15. Order cancellation and / or sales / stock return will not be entertained

    客戶不能取消已核實的訂購或要求退款。
  16. Empirical evidence of feedback trading and stock return autocorrelations

    反饋交易規則與股票收益自相關實證分析
  17. The conclusions are identical : fisher effect does not hold in stock market, and there is negative correlation between stock return and inflation rate

    研究結果基本是一致的:股票市場費雪效應不存在，股票收益與通貨膨脹率之間存在負的相關關系。
  18. From 1970s, the scholars in western country have done lots research on whether fisher effect holds in capital market as well as the relation between inflation rate and stock return

    自20世紀70年代以來，西方對股票市場費雪效應是否成立以及通貨膨脹率與股票收益之間的關系進行了大量的研究。
  19. I consider financial measures such as earnings and stock return, as well as direct monitoring

    全文不僅分析收益、股票回報等業績指標，也考慮直接監控的影響。
  20. In the analysis of the factor model, the total risk of the stock return is divided into system risk and individual risk and the r2 measure is used as an indicator of the system risk in the stock return risk. our statistical result shows that the system risk of the stock return is reduced significantly, comparing with the earlier period of the chinese stock market. the potential of the risk diversification of a stock portfolio is greatly enhanced

    在單指數模型中，股票收益的風險被分解為系統風險和非系統風險，而單指數模型的r ~ 2可以作為股票風險中系統風險所佔比例的量度，統計結果指出我國市場股票價格風險中系統風險所佔比例比市場發展的初期明顯下降，股票價格風險中公司個別風險已佔較大比重，應用資產組合理論構造投資組合可以有效地分散風險。
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