An asset with a beta of more than 1 rises more than the market in bull phases (or falls more when the market drops); an asset with a beta of less than 1 moves less violently.
贝塔相关指数达到1以上的资产,较之身处牛市涨势还快,或者是比身处熊市下跌的还快。若此时相关指数不到1的话,资产波动幅度就没有这么剧烈了。
It will be about the securities market line, about the beta, about the mutual fund theorem, and it will also be about institutions that we have--about investment companies and their management.
证券市场的风险线,beta系数,共同基金定律,还有当下的一些金融机构,包括投资公司,以及他们的管理
We'll come back to this, but beta of the stock is a measure of how much it moves with the market and the alpha of a stock is how much it outperforms the market.
回到原先的话题,beta用以衡量,本公司跟随市场变化的程度,alpha衡量超过市场的表现
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