...理论认为套利是定价误差均值回复性 的主要原因，例如Cornell（1983） ［1］ 针对市场中代表性投资者（representative investor），即假设市场中的投资者都是 同质的，提出使用持有成本模型来计算股指期货的理论价格，并认为套利交易会带来定价误差的均值回复性...
基于20个网页-相关网页
针对代表性投资者对于下跌风险和上升风险的不同态度，推导了基于“熊市”和“牛市”的单期资产定价模型，并运用中国股市数据进行了实证。
From the different attitude of representative investor to downside risk and upside risk, assets pricing models in one period were put forward based on "bear market" and "bull market".
具代表性的是，一位投资者能向另一位投资者以每股低于现行价1 - 5%的价格抛售其股份以避免对冲基金。
Typically, an investor can sell a stake for 1-5% less than its current value to another investor in order to leave a hedge fund.
这充分体现了我们在业界的代表性获得肯定，本地及海外投资者对集团的关注和信任由此也可见一斑。
These achievements have demonstrated the recognition we have gained as an industry leader as well as the concern and confidence of local and overseas investors in the Group.
应用推荐