自1950年以来,2月- 12月的平均表现是上涨7.1%。
The average performance for all February to December periods since 1950 is a 7.1% gain.
以往,6.111中的平均成绩水平和平均表现都相当高。
Traditionally, both average grade levels and average performance have been quite high in 6.111.
两者越来越趋于联动,意味着将来寻找超越平均表现的市场可能会更困难。
As they increasingly move in tandem, this suggests that it may be harder in the future to identify outperforming markets.
But that no particular stock is more or less likely to outperform the market, because all the information is incorporated in the price.
但是没有那一种特殊的股票是,最有可能比市场平均表现更好的,因为所有信息都是包含在价格上的。
In that case, alpha is a measure of how much Shiller,Inc. outperforms.
这样的话,alpha就用以衡量,希勒公司.表现超过市场平均水平多少
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