january effect meaning in Chinese
【商业】元月效应〔指股票持有者往往在年底抛出，使股价下跌，到来年一月又多购进，使股市行情迅速回升〕。
Examples
- There is positive abnormal return on tuesday and friday , but negative abnormal return on monday and thursday 6 . there is weak monthly effect . there is weak january effect in both market and the joint significance test has reached the 10 % level
( 6 )沪深两个市场都存在月历效应，虽然不显著，但在所得到的回归结果中，两个市场在一月份都有负的超额收益率，表现出了一月效应，而且联合检验的显著性水平达到了10 - As this special month is always january in lots of stock markets , we also call it january effect . sometimes the special month is october , and it is called mark twin effect . similarly , day of week effect is that the mean returns of special days of a week are different from normal returns
月历效应是指持久存在的某月份的股市非正常收益，包括一月效应和马克吐温效应等；周历效应是指持久存在的某周历日的股市非正常收益，包括周末效应、周一效应等。 - Second , for the reasons of the profits of the momentum or contrarian strategies , we find : ( 1 ) momentum or contrarian strategies exhibit an interesting pattern of seasonality in china stock market different from january effect found in mature market , which seems to exist a link with the cycle of disclosure of accounting information for fiscal year
其二，就中国股市中惯性与反向效应之潜在成因而言， ( 1 )中国股市的惯性与反向效应表现出特殊的季节效应特征，似乎更有可能与上市公司目前的年报报表披露周期所形成的平均循环长度相关联。 - We found the model which established by fama and french is suitable for chinese stock market . then we test the so - called ‘ new - year effect ’ . we drew the conclusions that the m / l and b / l portfolios have the ‘ january effect ’ and the m / m portfolio has the ‘ february effect ’ . the coefficient of three - factor model is an important systemic risk guideline of investment object
对f / f的三因素模型的应用而言,模型的拟合程度,模型回归系数的显著性以及在动态投资过程中,模型回归系数的稳定性等对模型的实际应用起到非常重要的作用。