horizon effect 中文意思是什麼
horizon effect
解釋
視界效應-
Momentum trading strategy is started from the return continuation research of intermediate horizon. it illustrate that stock price of intermediate horizon have momentum effect that maybe continuable move to a same direction
而動量交易策略源於對市場中期收益延續性的研究，表明中期股價具有向某一方向連續運動的動量效應。 -
Result shows, the uncertainty of parameter leads to negative ( positive ) investment horizon effects when investor ' s risk aversion is more ( less ) than that of logarithmic utility ; the effects of parametric uncertainty will weaken when investor uses more past data in his estimation, or when his risk aversion increases ; the effect of the first order moment ' s uncertainty is stronger than that of the second order moment ' s uncertainty
研究表明，當投資者的風險規避程度大於（小於）對數效用時，參數不確定性將導致負（正）的投資期效應；當投資者在估計過程中運用較多的歷史數據、或者風險規避程度增加時，參數不確定性的影響將減弱；收益一階矩的不確定性影響較其二階矩強。 -
Parallax is a geometric effect : at the surface of the earth we are offset from the line through the centers of earth and moon, and because of this we can observe a bit ( about 1 ) more around the side of the moon when it is on our local horizon
視差是幾何學的效果:在地球的表面，我們透過地球和月亮的中心被從線彌補，而且因為這當它在我們的當地地平線上的時候，我們能觀察一點在月亮的邊周圍的更多。
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