csad meaning in Chinese
收益的绝对差
Examples
- This article applies the across - sectional absolute deviation of return ( csad ) , proves that there exists herding behavior on chinese stock market
采用横截面收益的绝对差( csad )的方法，对我国股票市场是否存在“羊群行为”进行了实证研究，得到我国的股票市场中确实存在著羊群行为。 - The press come from shares holder is one cause too . this paper then make an empirical research on herd behavior in stock markets with measuring cross - sectional absolute deviation , csad
该方法的原假设是基金独立决策,在一段时间间隔内,买入某只股票的基金数量的概率分布为二项分布。 - This paper uses arch model method in econometrics to set up an auto - regression model with different variance characteristic , which catches to the signal of herd behavior that can be comparatively sensitive . basing on the sample stocks of the index 180 of sse for studying sample , author conduct empirical tests on the non - linear relations between csad ( cross - sectional absolute deviation of returns ) and the market returns to judge whether the herd behavior in the stock market of china is remarkable . according to the empirical analysis , author finds , both in the up - market and down - market , certain herd behavior exist on the stock market of our country
本文运用计量经济学中的arch模型方法，建立了一个能较为敏感的捕捉到羊群行为信号的具有异方差特性的自回归模型，以上证180指数样本股为研究样本，通过检验个股截面收益的绝对偏差( csad )与市场组合收益的非线性关系，来判断我国股市羊群行为是否显著，通过实证分析，我们发现，无论是市场上涨阶段还是下跌阶段，我国股市都存在一定的羊群行为，同时，本文通过比较分析，对实证结果进行深入的剖析，对羊群行为的形成原因进行简要的分析，并对如何控制羊群行为提出了一些政策性建议。 - This methods is based on that when there is herding in stock market csad is going to become smaller . the results is when the markets dropping there is herding among investors , when the markets rising , there is no evidence of herding . the results prove my reasoning in section 3 . why there is difference between bull and bear markets is due to investors " different attitudes towards loss and gains
通过对个股收益率分散程度指标横截面绝对偏离度( cross - sectionalabsolutedeviation , csad )和市场收益率之间的关系模型的回归统计分析，本文发现：在市场行情上升的时候，市场中的羊群行为并不明显；在市场行情下跌的时候，市场中存在明显的羊群行为。