Does Money Explain Asset Returns?
这是否说明货币资产回报?
Gross envisions a "new normal" where growth is slower, profit margins are narrower and asset returns are smaller than in decades past.
Gross预测将有一个“新的常态”:和过去几十年相比,增长会更慢,利润空间会更狭窄,资产回报会更少。
Markowitz's mean variance model describes the risk of asset by variance, but variance may not exist because of fat tailedness of asset returns.
马柯维兹均值—方差模型使用收益率的方差度量证券的风险,但是实际分布呈尖顶胖尾状,使得方差可能不存在。
The impact of the residents' intertemporal choice of consumption and investment and their preferences on the asset returns has become an important research subject.
居民的跨期消费—投资选择及居民的偏好对于资产收益的影响已经成为重要的研究课题。
Therefore, it is becoming more important to study the dependence of extreme events. And this paper continues the research on the tail features of asset returns, especially of stock markets.
而且,近些年的一些金融极端事件,在全球范围内造成巨大影响,因而,研究极端事件之间发生的相关度也显得尤为重要。
You can further break down the above asset classes into subclasses, which also have different risks and potential returns.
你可以更进一步将上述的资产分解为子类,每种也都具有不同的风险和潜在收益。
But when they start to fear inflation, which will reduce their returns to negative rates, they have in the past shifted funds into equities or property, sending asset prices much higher.
但从以往情况看,一旦他们开始担心通胀会使存款收益率降为负值,就会将存款转入股市或地产市场,由此可能会大幅推高资产价格。
In such a model, the cost metric turns out to be the returns obtained from using the asset.
在此类模型中,成本值就变成了通过使用资产获得的回报。
Low real rates have propped up asset markets this year as investors have been forced into riskier assets like equities, corporate bonds and even commodities in search of higher returns.
较低的实际利率对今年的资产市场形成了支撑,投资者被迫购进诸如权益,公司债券甚至大宗商品等风险资产以追求更高的收益。
Prices go up and they go down, but give stocks enough time and they deliver returns that trounce those of bonds, real estate, commodities or any other asset class.
价格上涨,股票下跌,但是给予股票充足的时间,它们将带来远高于债券,房地产,日用品或者其他任何类别资产的利润。
I think one of the more interesting and even simpler concepts that comes out of his study is that more than 100% of returns are defined by asset allocation.
我认为他的研究中更有意思,也更简明的一个结论是,超过100%的回报,是由资产配置决定的。
Other countries complain that QE is merely bringing them overvalued currencies and bubbly asset markets by pushing investors to seek higher returns elsewhere.
其他国家抱怨量化宽松的唯一作用是,将美国投资者驱向其他国家寻找高收益,是当地货币升值并产生资产泡沫。
Hedge funds and private equity boom as investors seek high returns, though buoyant asset prices and low real interest rates decree the opposite.
投资者追求高回报,促成了对冲基金和私人股本的蓬勃发展,尽管高涨的资产价格和较低的实际利率预示的是相反的情况。
And shares that look cheap on conventional measures (asset value, dividend yield, price-earnings ratio) also tend to deliver above-average returns, but belong to firms that are likelier to go bust.
那些在传统衡量下(资产价值,股息收益率,市盈率)看似便宜的股票也可能获得高于平均水平的收益,但此现象似乎更适用于那些快倒闭的公司。
The inevitable levering of asset structures to double or quadruple returns relative to risk-free assets?
资产结构无可避免应加入杠杆操作,以便将报酬率相对于无风险报酬率放大两倍或四倍?
'dividends make sense to people,' says Jerry Harris, President of asset management at Sterne Agee, who adds historical stock-market returns have been driven by dividends.
SterneAgee负责资产管理的总裁哈里斯(Jerry Harris)说,股息对人们来说有意义。他补充说,处于纪录高位的股市回报率一直是由股息推动的。
An asset is a special form of entity object that a resource method returns.
资产是资源方法返回的特殊形式的实体对象。
So they started to diversify into "alternative" asset classes that were not correlated with equities yet offered the prospect of hefty returns.
所以他们着手把和股权相关的备用资产形式多样化,但还未产生巨大的利润。
If we regard the foreign exchange as an asset, we should use the continuous rate of returns to calculate the depreciation(or appreciation) percentage of the Renminbi.
而如果把外汇当成资产,就应该用资产收益率的连续复利计算方法来算一种货币兑其他货币的贬值(或升值)率。
Most of the literature on bank runs takes the asset side of the bank activities as given and assumes that the bank's returns are determined by an exogenously given production function.
大多数有关银行挤兑的文献将银行经营的资产部分作为给定的,并假定银行收益是由外生给定的生产函数决定的。
The relationship between liquidity of stock market and the assets' returns is essentially the issue of liquidity asset pricing.
股票市场流动性与收益关系的实质是流动性资产定价问题。
Introduce the different types of contra-asset accounts related to Accounts Receivable: Allowance for Doubtful Accounts ("ADA"), Allowance for Returns, and Deferred Income Liability.
介绍与应收款项相关的各类资产备抵科目:备抵可疑帐户(ADA),备抵销货退回,以及递延所得。
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Our clients rely on our specialized industry knowledge and expertise for advice and services geared to enhance economic returns and asset value.
凭借我们的行业知识和专业的建议及服务,我们为客户提高物业的经济效益和资产价值。
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