組合證券投資 的英文怎麼說
中文拼音 [zǔgězhèngquàntóuzī]
組合證券投資
英文
portfolio investment- 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)
- 證 : Ⅰ動詞(證明) prove; verify; demonstrate Ⅱ名詞1 (證據) evidence; proof; testimony; witness 2 (...
- 資 : Ⅰ名詞1 (錢財; 費用) money; wealth; expenses 2 (資質) intelligence; endowment 3 (資格) quali...
- 組合 : 1 (組織成為整體) make up; compose; constitute 2 (組織起來的整體) association; combination3 [...
- 證券 : bond; security; negotiable securities
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The security market of china have got great development in the past 15 years, it have gradually grown into maturation from infantilism. the growth of security market makes the security investment funds a better circumstance to develop
一、選題背景及意義我國證券投資基金從成立的第一天起,就以「專家理財、組合投資、分散風險、穩定市場」的形象出現在證券市場,吸引著投資者的目光。Using the net assets per capital, the investment return rate, the t - m model, the h - m model, the single factor evaluating model which consists of the treynor index, the jensen index, the sharpe index and the square m index, we evaluate the performance of the twelve mutual funds. and we come to the following conclusions : ( 1 ) after the modification of the risk factor, our mutual funds in the recent one year outguess the market ; ( 2 ) better performance comes from the aid of the government, the improvement of the investment environment and the hard, smart work of the managers especially in the way of selecting some securities in the capital market. ( 3 ) though we make progress, there are still many problems which prevent the further development of our mutual funds such as the devise of the management fee and the characteristics of different funds, all of them divided into the subjective ones and the objective ones
通過使用投資基金單位凈資產和投資收益率指標、單因素整體績效評估模型,包括treynor指數、 jensen指數、 sharpe指數和業績的m ~ 2測度以及t - m 、 h - m模型對12隻樣本基金進行實證研究,實證研究表明: ( 1 )經過風險調整后,在最近的一年中,我國證券投資基金的業績總體上優於市場基準組合; ( 2 )基金業績的提高得益於管理層的重視、投資環境的改善和基金經理的經營,而基金經理的良好業績是通過一定的證券選擇來獲得的; ( 3 )已成為證券市場上舉足輕重力量的基金在發展過程中雖然取得了一定的成績但其進一步發展還面臨著許多問題,有主觀存在的諸如管理費率的設定、基金風格方面的問題等等,也有客觀存在的諸如證券市場現階段的不完善等等,所以,我們應該抓住《證券投資基金法》問世帶給基金業發展的契機,大力促進證券投資基金規范發展,採取各種措施做大、做優和做強基金業。In the sixties of the 20th century, while it analyzed the relationship between the security risk and the return, the capital asset pricing model ( capm ), on the basis of security investment portfolio theory, put forward the pricing method of the security. the theory has succeeded in enduring the econometrical tests for more than ten years
20世紀60年代,資本資產定價模型( capm )以markowitz的證券投資組合理論為基礎,在分析證券風險、收益關系的同時,提出了證券的定價方法,這一理論成功地經受了十多年的經濟計量檢驗。During portfolio management, there are trade - impact cost, strategy - execution cost by free - rider, liquidity management cost and style - execution cost by style investment
證券投資資金存在特定的資產組合管理成本,包括交易影響成本、免費搭車者引起的方案執行成本、開放式基金的流動性成本及特定基金的風格執行成本。The market timing ability of mutual fund managers can be defined as the ability to anticipate whether the general stock market is going to rise or fall and to adjust the composition of their portfolios accordingly. that is, if the managers think they have the ability to anticipate that the market is going to rise, they shift the composition of their portfolios they manage from less to more volatile securities. if they think the market is going to fall, they shift into the opposite direction
證券投資基金(以下簡稱「基金」 )的擇時能力是指基金經理的市場時機把握能力,即如果基金經理相信自己能夠準確預測市場趨勢,他將根據期望的市場走勢調整其投資組合的風險水平,在預測市場收益上升時增加組合的風險水平,下降時降低組合的風險水平,通過高風險資產和低風險(或無風險)資產之間的不斷轉換來獲取超額收益。So this paper tries to solve these problems through the following work : first, we select some index to valuate the close - end funds, including income, stability, risk in falling, stocks selecting ability and tuning ability, based on overseas funds valuation methods and domestic market condition ; second, we analyze the stability of all index and form two styles index, which are f and other bad stability index ; then, we form the valuation system, including two - layers index, which are p and factor score ; last, we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result. the main intention of this paper is to create the system of valuating close - end funds in our country, which is comprehensive and objective. in my valuation system involving the period from 2000 to 2003, the funds as a whole performs inferior to the stock index
首先,對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析,並結合我國的基金市場狀況,選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標;其次,根據我國基金分析的需要,採用了諸如基金交易價格、換手率等二級市場表現指標;然後,對這些指標進行了時間延續性分析,檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現,從而形成了兩類指標:時間延續性很好的s _ p和時間延續性不好的其它所有指標;再次,在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系: s _ p和因子分析中綜合因子得分值;最後,選取了我國2000年1月1日前成立的23隻封閉式基金作為樣本,並同時採用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析,得出了最終的比較性評價結果。A new portfolio model and application
證券投資組合理論的一種新模型及其應用The markowitz ' s portfolio theory and its application in china
證券投資組合理論在中國的運用Portfolio analysis with an asymmetric risk measure
一個非對稱風險度量模型及組合證券投資分析By bringing the hereditary way to the domain of the portfolio, the model is proved to be reasonable, and the algorithm is efficient
通過將遺傳演算法引入到證券投資分析領域,對最佳證券組合問題進行了優化計算,同時介紹了利用遺傳演算法計算最佳證券組合問題的求解步驟。A interactive approach to portfolio selection with transaction costs
一種有交易費用的互動式組合證券投資方法The developing theories include : theories of modern capital structures, combination of bond investment, theories of capital rating, etc. the development of the industrial bond market contains both macrocosmic and microcosmic aspects of significance
企業債券市場發展理論有:現代資本結構理論、證券投資組合與資產定價理論等;企業債券市場發展的現實意義有宏微觀兩方面意義。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;Based on these, the author studies the relationship between return and risk of portfolio, respectively taking a - shares traded in shanghai security exchange and security investment funds as analysis object
在此基礎上,作者分別以上海股票市場的a股股票和證券投資基金為研究對象,研究了資產組合的收益-風險關系。This research includes 4 aspects, namely the basic theory of securities investment fund and open - end fund, risk theory of securities investment, portfolio investment theory of open - end fund, the planning, tactic and portfolio of open - end fund
研究工作主要從四方面展開:證券投資基金及其開放式基金的基本理論;證券投資風險理論;開放式基金組合投資理論;開放式基金的投資計劃、策略和組合。Discusses the characteristic values on individual stock risk with the standard deviation, variance ( 2 ), standard deviation coefficient ( cv ) and coefficient measurement, construct the individual on stock ' s statistics index system on investment risk. 2. discuss the characteristic of standard deviation, variance, variance - covariance matrix to measure the investment risk of stock portfolio
第二章「證券投資風險的度量」分為三個小節: 1 、討論單個證券風險用標準差( ) 、方差( ~ 2 ) 、變差系數( cv )以及系數度量,構造了單個證券的投資風險統計指標體系; 2 、討論了用標準差和方差、方差?協方差矩陣、方差?協方差矩陣的特徵值來度量組合證券的投資風險; 3 、計算了衡量證券組合系統性風險的系數值,並分析了系數的含義和預測能力的可靠性。Research on portfolio investment model under the e - sh risk measure
有關風險測度及組合證券投資模型研究On non - linear recursive programming approach of dynamic portfolio investment
動態組合證券投資決策非線性遞推規劃模型In addtion, we introduce some new methods and theories for solving systems of nonlinear least square problems. a new levenberg - marquardt method is produced to solve the high dimemsion portfolio selection models, we can solve the problem quickly and get better results than before
此外,在本篇論文中,我們還介紹了求解非線性最小二乘問題的一些最新方法,並將levenberg - marquardt方法推廣到組合證券投資模型中,得到了一種新的求解組合證券投資模型的解的新演算法,並分析了其收斂性,得到了較好的數值結果。Based on mpt, the author analyses a fund investment principle, uses equal proportion model on random samples to make a fund - portfolio, demonstrates the rules that fund - portfolio investment risk changes along with the investment size and suggests a rational size for fund - portfolio investment
摘要本文根據組合證券投資理論論述了基金組合投資的原理,使用隨機簡單等權模型對基金樣本進行組合,實證分析了基金組合投資的風險隨組合投資規模變化的規律,並指出了對我國基金進行組合投資的合適規模。分享友人