Comparing with stocks, convertible bond has cost effectiveness, at the same time, it also face the problem of dilution effect and taxation shield effect. These problems make it more meaningful to research theproject that make convertible bonds to be a financing instrument.
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I was only fourteen, but after I had taken hundreds of observations in my mind I found myself testing their accuracy, comparing the behaviour of stocks to-day with other days.
当时我只有十四岁,但我观察了数百只股票价格的浮动情况,通过比较股票当天的浮动情况与其他日子的差异,来测试自己的发现的准确性。
The entropy model performs well in sorting stocks based on the entropy value comparing with other methods as well.
与其它风险度量方法相比较,熵模型在股票依据风险值排序方面也具有不可比拟的优势。
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