帮忙翻译。。。金融专业

来源:百度知道 编辑:UC知道 时间:2024/09/28 08:50:49
This article argues that investment style involves implicit links between equity characteristics and subsequent returns. Methods of determining style are explained which lays the groundwork for investigating the efficacy of style classification based on portfolio return pattern or correlational analysis. The approach of determining style is compared with simply using the index of a universe to which the manager has been assigned. An important observation is that correlational analysis has a tendency toward blindness in the presence of style dynamics. The blindness is inevitable from the rearview nature of correlations computed over rolling windows.

An asset class factor model can help make order out of the chaos that often accompanies the asset allocation decision. It allows for a consistent view of investment decisions that investors make to economize on information flows and exploit comparative advantages. In this article, the author describes a style analysis procedure th

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文章认为,投资风格涉及隐联系股本特性和随后的回报. 方法定式的解释奠定了基础调查的功效风格分类基于组合 回报方式或相关分析. 办法确定的风格是比较简单用指数的宇宙中的经理人 被指派. 一个重要的观察是,相关分析已趋向盲目性在场的动态风格. 盲目性是不可避免的,从后视镜性质相关计算机超过滚动窗口. 资产类因子模型,可以使列秩序的混乱,往往伴随着资产配置决策. 它允许一个一贯的看法,投资决策,使投资者节约信息流通和利用比较 优势. 在本文中,作者叙述风格分析程序,允许这样的一个模式,实行经济.

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