效率市场 meaning in Chinese
efficiency market
efficient market
Examples
- Separately , i was taught early in my career about efficient markets
讲个题外话，我在过往的职业生涯中学到了所谓效率市场的原理。 - If the efficient market theory is correct , technical analysis should not work at all ; the prevailing market price should reflect all information , including past price movements
如果效率市场理论是正确的，技术分析应该根本不会奏效；主要的市场价应该反映所有信息，包括过去的价格浮动。 - Essentially ， they exploit those discrepancies without the efficient market theorist ' s concern as to whether the stocks are bought on monday or thursday ， or whether it is january or july ， etc
事实上，他们利用其间的差异，却不在意效率市场理论家所关心的问题：股票究竟在星期一或星期? ：买进，或是在一月份或七月份买进… … 。 - 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。 - In this chapter , i try to make some research on securities market in our country with the thought of bf . first , i make an empirical test of prospect theory and find investors are not always risk - aversion . in fact , according to different conditions , they will change their attitudes toward risk
本文就是较为全面地分析了行为金融的最新发展，对与效率市场假说相悖的市场异象进行了解释，并运用行为金融的思想以实证研究和定性分析相结合的方法对我国股票市场作了一些研究。