相对瞬间模型，价值效应作用的时间范围较长，于是乎，采用这个模型的投资者买入时恰逢采用瞬间模型的投资人卖出。
The value effect works on a much longer time horizon than momentum, so that investors using those models may be buying what the momentum models are selling.
新兴市场投资者们也指出厄瓜多尔在人口和金融市场的重要性上是个小国家。他们主张把厄看成某个预兆是错误的。在其他市场上迄今还没有“感染效应”的迹象。
Emerging-market investors also point out that Ecuador is a small country, in terms of both population and importance to financial markets. They argue it would be wrong to see it as a harbinger.
一点不奇怪，动量效应已经被一些职业投资人利用了几十年。
It is hardly a surprise that the momentum effect has been exploited by some professionals for decades.
惯性效应在股市快速下跌时（包括1975年80%的跌幅）也受到伤害，那些试图跟随惯性的投资人可能已经出局。
The momentum effect has also suffered some sharp switchbacks (including an 80% decline in 1975) that may have wiped out those traders who tried to follow it.
但动量效应暗示却是有一种非理性在市场中运作；投资者买进股票或大宗商品仅仅因为它们的价格涨了。
But the momentum effect suggests that an irrationality might be at work; investors could be buying shares (and commodities) just because they have risen in price.
这会给其它债务负担沉重的小国以及本国的投资者带来连带效应，从而让冰岛在这场席卷全球的金融风暴中具有了超乎其规模的重要意义。
That could have a cascading effect on other small, debt-ridden countries -- and on the country's investors -- giving the island outsized importance amid the financial pain circling the globe.
动量效应允许投资者慢慢变富。
无论如何，普通股票投资者是不具有杠杆效应的。
本周的疯狂卖盘原因在于投资者越来越担心银行业及其可能对其他经济领域产生的波及效应。
This week's relentless selloff has been driven by deepening fears about the banking system, and the spillover effects it may have on the rest of the economy.
说明印花税调整对交易量的影响主要来自成本效应，而非印花税调整所传递的政策导向对投资者的心理影响。
So it can be conclude that the stamp duty adjusted effect mainly comes from cost effect, not the psychology effect of policy orientation passed by the stamp duty policy.
本文研究的方向为中国证券(股票)市场上政策影响和投资者行为的诸多效应。
The research's direction of this topic is policy influence and investor behavior of Chinese stock market.
分析了近几年一些城市培育投资性住房市场并纵容投机性炒房的效应；
The effect of building up investment housing market and conniving in speculative purchase of house in some cities is analyzed.
经济增长的根本动力在于人力资本的不断增长，人力资本投资收益具有溢出效应。
The foundation driving force of economic growth depends on ceaseless increase of human capital. The investment income of human capital is of spillover effect.
互联网技术的飞速发展，加上该行业独特的杠杆效应，越来越多的个人投资者怀着投机的目的参与外汇投机交易。
With the advances in Internet technology, plus the industry's unique leveraging options, more and more individual traders are getting involved in the market for the purposes of speculation.
羊群效应：一些投资者见其他投资者在市场上追购某只股票，也不落人后跟着买入。
Herd instinct — some investors buy shares when they see hectic buying in the market by other investors i. e. chasing the price of the stock up.
风险投资的项目回报符合长尾效应。
The distribution of returns in venture capital is a power law.
因而，继续扩大投资规模，提高投资率，发挥乘数效应，应是今后一段时期内黑龙江省促进经济增长的政策选择。
So, the policy choice of Heilongjiang Province to promote economy growth should be keeping on extending investment scale, raising investment rate and exerting multiplier effect.
机构投资者有存在年报效应的迹象。
新券效应与国债品种特征、投资者行为和市场微观结构均有密切关系。
The effect of new bonds is closely related with bond features, investors' behavior and market micro-structure.
本文研究表明，中国个体投资者存在显著的“处置效应”，并在十二月份存在“反处置效应”现象。
The study reached the conclusion that the individual investors in China stock market demonstrate remarkable disposition effect, and behave reverse-disposition effect in December.
结果表明：尽管基金的周转率远低于股票交易周转率，基金投资者仍然存在明显的处置效应；
The results show that there is obvious disposition effect on institutional investors although the turnover ratio of mutual funds is lower than that of stocks.
本文以沪深两地上市公司为样本实证检验了引发财务重述的治理诱因以及投资者关系管理的调节效应。
We use the sample of Chinese listed companies to examine the governance reasons for financial restatements and the moderating effect of investor relations management.
结果表明我国投资者倾向于卖出当前盈利的股票而继续持有当前亏损的股票，即存在处置效应。
The result shows that Chinese investors are liable to sell winners and hold losers, in other words they have disposition effect.
投资者的羊群行为是导致杠杆效应、市场泡沫的一个重要因素。
Herd behavior is also the important factor that causes the leverage effect and market foam.
对资本收入征税，无论在短期还是长期都不利于投资率和经济增长率的提高，长期累积效应为负。
For the Capital income tax rate, no matter in short-term or in long-term, it has a negative effect on investment rate and economic growth, so is the accumulated effect.
实证结果表明，投资者对现金股利的欢迎尤其是对连续现金股利偏好和对不分配股利的漠视效应。
The result indicates that investors have an inclination for the cash dividend, in particular for the continual cash dividend, but ignore the effect of no-cash dividend.
机构投资者具有多重制度效应。
过度反应现象（反转效应）就是其中之一，它不仅影响到投资者的决策行为，而且还关系到金融市场是否有效的问题。
One of them is overreaction (contrarian effect). It not only has influence on investors' decision-making behavior, but also has something to do with the efficiency of the financial market.
过度反应现象（反转效应）就是其中之一，它不仅影响到投资者的决策行为，而且还关系到金融市场是否有效的问题。
One of them is overreaction (contrarian effect). It not only has influence on investors' decision-making behavior, but also has something to do with the efficiency of the financial market.
应用推荐