Through econometric analysis, the paper clarifies the relation between investors’ divergence of views and stock price. In addition, there are two more conclusions derived from market variable combinations.
文章建立了在股价上升、下降、整理状况下 ,买入者与卖出者预期不一致时的市场变量组合 ,从而从逻辑上说明投资者意见分歧与股价的关系 ,并通过数学模型实证说明投资者意见分歧与股价并非同向单调关系。
参考来源 - 投资者决策行为与股价形成及波动·2,447,543篇论文数据,部分数据来源于NoteExpress
As a matter of fact, because every person who trades is a market variable, it can be said that any single trader can cause virtually anything to happen.
实际上,因为每个交易者都是市场的变数,那么可以说任何交易者都可以导致任何事情的发生。
A futures market has a prediction going out years into the future of what every financial variable will be doing, so you can see the future in a sense through the futures prices.
期货市场会预测未来几年美国市场变量会是什么样的,因此某种意义上说,你可以从期货价格上看到未来。
Reflecting just how complex this market has become, most universities borrow at variable rates and then hedge their interest-rate risk through swaps.
这就反应出了市场变得是多么的复杂,很多大学贷款的比例都不一样,然后通过交换来保护利率风险。
A futures market has a prediction going out years into the future of what every financial variable will be doing, so you can see the future in a sense through the futures prices.
一个期货交易市场,预测了未来几年,每个金融变量的变化,因此,在某种意义上,你们可以通过期货价格分析未来市场
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