portfolio performance measurement 中文意思是什麼

portfolio performance measurement 解釋
投資組合表現的量度
  • portfolio : n. （pl. portfolios）1. 紙夾；文件夾；公事包。2. 部長[大臣]的職位。3. 〈美國〉有價證券一覽表[明細表]；（保險）業務量[業務責任]。4. （藝術家等的）代表作選輯。
  • performance : n. 1. 執行，實行，履行；完成；實現；償還。2. 行為，動作，行動；工作。3. 性能；特性。4. 功績；成績。5. 演奏；彈奏；演出；（馴獸等的）表演；把戲。6. 【物理學】演績。
  • measurement : n. 1. 測量，計量，量度。2. 份量，尺寸，大小，寬度，厚度，深度（等）。3. 測量法。 measurement goods （按體積、容積計算的）體積貨物。
  1. Beta is a measurement of correlation between the price fluctuations of individual security ( or portfolio ) and the average price fluctuations of all securities in the market, that is called " systematic risk coefficient ". beta has not only important implications in finance theory, but also widely used in investment practices such as asset pricing, portfolio management and performance valuation

    一方面，系數是正確理解資本市場理論中有關收益?風險關系的關鍵參數，系數的穩定與否對于capm模型在投資決策方面的應用如資產定價、股票收益預測和投資績效評價至關重要;另一方面，資本市場上的許多事件研究也都依賴于系數的穩定性。
  2. The conclusions show no difference with some domestic scholars ". lastly, the paper sums up the existing problems on the performance measurement of equity investment fund. including : choosing measurement criterion portfolio and riskless gaining indexes, making the assumption reasonable and efficiently, replacing the measurement information timely, treating the measurement indexes rightly

    最後，綜合總結在基金績效評價研究中形成對這一問題的認識，主要有基金績效評價中存在的問題： （ 1 ）評價基準組合的選擇； （ 2 ）無風險收益指標的選擇； （ 3 ）假設前提條件合理性和有效性； （ 4 ）評價信息的更新； （ 5 ）正確看待基金的績效評價指標。
  3. Then, this paper empirically tested the validation and predictive accuracy of different var risk management model in the domestic financial market. finally, with the analysis of modem financial risk management development trend and the current domestic financial risk management situation, this paper made a prospect for the application of this model in the construction of domestic financial risk management system. through the analysis, the main conclusions are as follows : ( l ) the traditional mean - variance model is the special example of the portfolio selection based on the var risk management model for the case that the returns of the portfolio are assumed to be normally distributed ; compared with the mean - variance model, the var risk management model is more comprehensive and accurate in the measurement of the portfolio risk, so based on the var model, the investors can allocate the asset more effectively. ( 2 ) the var risk management model can provide the timely and comprehensive risk information for the top risk manager, so it is very helpful to the improvement of total risk management efficiency. ( 3 ) based on the var model, the raroc performance valuation approach can reflect the real performance of the portfolio manager and provide the coherent standard for the allocation of risk limitation and the construction of the incentive compatibility constraint mechanism in the financial instiutions

    通過研究分析，本文主要得出如下結論： （ 1 ）傳統的markowitz均值? ?方差模型僅僅是在資產組合收益率正態分佈假設條件下基於var風險管理模型進行資產組合選擇的特例，與均值? ?方差模型中的方差風險度量方法相比， var風險管理模型能夠更全面、更貼切地衡量資產組合的風險，且基於此模型能夠更有效地進行資產配置決策； （ 2 ） var風險管理模型能夠滿足更高層次風險管理者對風險信息的需求，有助於整體風險管理效率的提高； （ 3 ）基於var風險管理模型的raroc績效評價能夠反映資產組合管理人的真實業績，從而為金融機構風險限額的分配和激勵約束機制的制定提供統一的標準； （ 4 ）國內證券市場資產組合收益率服從正態分佈的假設明顯不成立，實證檢驗表明基於資產組合收益率正態分佈假設條件下的方差? ?協方差模型對國內資產組合風險的預測存在較大的偏差，由於文中證明在收益率正態分佈假設條件下基於方差? ?協方差模型進行資產組合選擇的結果等價于markowitz的均值? ?方差模型，因此，均值? ?方差模型對國內資產組合風險的預測同樣會存在著較大的偏差，而半參數var風險管理模型則能夠取得較好的預測衡量效果； （ 5 ） var風險管理模型符合未來金融風險管理的發展趨勢，基於var風險管理模型建立內容提要風險限額內控體系、風險信息披露體系和業績評價體系，並進行金融監管，將有助於國內金融機構內部風險管理方法和外部監管技術跟上國際金融風險管理的發展潮流。
  4. After getting the standard difference and beta index of after risks, it gets three measuring figures : shape performance index, treyner performance index and jesen performance index through establishing the after feature line model, and compared them. finally, combining with the present situation of investment fund in china, using the investment fund performance evaluation research at home and abroad as the reference, adopting indexes such shape, treyner, jesen, stock net selection rate and c value, it evaluates the performance of investment funds in china in four aspectsxomprehensive performance measurement of investment funds. stock selection capacity. market opportunity seizing capability and investment portfolio ; and mares a case analysis on the ten representative funds in china

    最後，結合我國的投資基金的具體現狀，借鑒國內外同行對投資基金績效評估的研究，運用夏普業績指數、特雷諾指數、詹森業績指數、股票凈選擇率、 c值等指標，從投資基金的綜合業績度量、股票選擇能力、市場時機把握能力和投資組合分析四個方面對我國投資基金的績效進行了評估，並對在我國投資基金中有代表性的十隻基金進行了實證分析。
  5. For this purpose, such goods and services may include : research and advisory services ; economic and political analysis ; portfolio analysis, including valuation and performance measurement ; market analysis, data and quotation services ; computer hardware and software incidental to the above goods and services ; clearing and custodian services and investment - related publications ; and

    為此目的而言，此等貨物及服務可能包括：研究及顧問服務經濟及政治分析投資組合分析，包括評估及業績衡量市場分析數據及報價服務與上文貨物及服務有關的電腦硬體及軟體結算及託管服務及與投資有關的刊物及
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