过度反应是证券市场异象之一。
这只是近年来发现的一系列市场异象中的最新一项。
This is only the latest in a series of market anomalies that have been discovered over the years.
标准金融学多年来受到了诸多市场异象的挑战，这使人们意识到标准金融学有许多不足。
Standard finance is challenged by a lot of market anomalies for many years which make people realize that standard finance has many deficiencies.
如果市场异象显著存在，那么就可以判断中国股市的非半强效率，并且构成对市场有效性理论的一个挑战。
If market anomalies exactly exist, then the non-semi-strong - efficient of Chinese stock market can be judged, and the market efficiency theory will be challenged.
而行为金融的资产定价理论从人的心理特点出发建立了更加符合现实的基本假设，对金融市场异象做出了合理的解释。
The basic assumptions of behavioral finance are based on the human psychology, so the asset pricing theories of behavioral finance could better explain the anomalies.
从这个角度出发对市场各种异象地研究也越来越全面和深入。
Also there are many studies on this kind of "market anomalies" from this viewpoint.
文章论述了中国证券市场上的一些异象，并从行为金融学的角度给出了解释。
This article discussed some anomalies of the stock market in China and put forward some interpretation with the method of behavioral finance.
随着金融市场上各种异象的累积，有效市场假说(emh)和资本资产定价模型(CAPM)的权威地位已开始动摇。
Along with various accumulations of anomalies in financial market, the correctness of Efficient market Hypothesis (EMH) and the Capital Asset Pricing Model (CAPM) has been doubted.
行为资产组合理论能够对市场中的一些异象做出合理的解释。
The Behavioral Portfolio Theory can be employed to give a rational explanation of anomalies in the market.
作为有效市场理论的重要异象，动量效应是基于风险的传统资产定价理论的最严重挑战之一。
As an important anomaly of the effective market theory, the momentum effect is one of the most serious challenges to the classical models of rational price formation.
行为金融学从市场非完美角度出发，以分析有效市场“异象”作为其理论研究框架。
Behavioral finance from market imperfect Angle embarking, analyzes the effective market "anomalies" as its theoretical research framework.
效应是证券市场的一种异象。
大量的实证研究表明“周内效应”是绝大多数发达国家股票市场和某些新兴国家股票市场普遍存在的一种异象。
A lot of literatures have showed that The day-of-the-week effect exists in most of the developed markets and the newly industried markets.
其中惩罚作用在投资者对市场的信心较强时更为显著，而“赎回异象”显著表现在投资者对市场的信心较弱时。
The punishment on poor performance is especially significant when investors are more confident about the market, while"Redemption Anomaly"is significant when investors are less confident.
盈余漂移是世界各国证券市场中普遍存在金融异象之一，它的存在强有力地挑战了有效市场假说。
Post-Earnings Announcement Drift (PEAD) is one of the most popular anomalies in stock markets all over the world.
盈余漂移是世界各国证券市场中普遍存在金融异象之一，它的存在强有力地挑战了有效市场假说。
Post-Earnings Announcement Drift (PEAD) is one of the most popular anomalies in stock markets all over the world.
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