反向效应 meaning in Chinese
backward effect
boomerang effect
Examples
- This study mainly investigates the investment performance of momentum strategies and contrarian strategies and the mode of information response in china stock market . there are four purposes in this paper
本文主要研究中国股票市场的惯性与反向效应的获利模式、获利成因以及获利的时序特性，进而深入探讨中国股市之特殊的信息反应模式。 - Compared with tranditional materials , electromagnetic waves transmitted in such material will behave some fantastic phenomena , such as negative snell refraction , reversed dollper effect , reversed cerenkov radition , and so on
电磁波在这种介质中传播时将显现与通常介质不同的各种逆向或反向效应，如负折射效应、逆多普勒效应、逆切仑科夫辐射等等。 - First , we examine whether the momentum strategies and contrarian strategies can create significant profits under different formulation horizons and holding horizons , whether past factors ( market return , characteristic of individual stock ) can provide an important implication about the profits of momentum and contrarian strategies . second , we discuss the reasons for the significant profits of momentum or contrarian strategies , including seasonality , cross - sectional risk factors , time - varying risk premium , industry momentum , and stock underreaction , overreaction , and random walk . third , we discuss the link of time series predictability of stock returns and momentum profits , including stock underreation , overreaction , delayed reaction , and time - varying risk premium
研究目的有四：其一，探讨中国股市执行惯性策略或反向策略的显著获利模式及与各状态因子(市场及个股状态)的关系；其二，全面分析中国股市惯性与反向效应之潜在成因，包括截面风险因素、季节因素、时变的风险溢价、行业惯性效应以及行为金融模型与conradandkaul ( 1998 )的随机游走观点之争论；其三，构建非效率市场之股票价格运动方程，并基于此，规范地演进惯性效应之时序生成途径，包括反应不足、过度反应、滞后反应以及风险溢价的时变性；其四，探讨中国股市中投资者的特殊信息反应模式，并以此来解读中国股市的中短期过度反应与反应不足的现象，以及个股间的超前一滞后关系的表现模式及形成机理。 - 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。