1) assessment rate of discount
估价折价率
1.
The assessment rate of discount is recommended to decrease the sensitivity of assessment value.
认为应设置估价折价率,以降低评估价格的敏感性,给评估业一个经验积累的空间。
2) discount
[英]['diskaunt] [美]['dɪs,kaʊnt, dɪs'kaʊnt]
折价率
1.
Under the managerial performance hypothesis,discounts are attributed to investors rational ex- pectation of the inferior managerial ability and investment skills of fund managers.
本文使用了多种基金绩效度量模型,分别采用引入时间哑变量和除去时间均值混合OLS回归方法以及Fama-Macbeth横截面回归方法,验证了折价率和未来管理绩效之间的关系。
2.
Through research on the relationship between the discount rate and the date of maturing,the authors find that the maturing date had more and more influence on the discount rate,and conclude that investing the maturing funds could get abnormal return.
本文运用实证研究方法,通过对基金契约到期时间与基金折价率关系的考察,发现在基金陆续到期情况下,到期时间对折价率的影响越来越大,从而推导出购买到期日近的基金组合不仅可以获得超额收益率,而且较到期日远的基金回报更高。
3.
To explore the mean-reversion property of closed-end fund discount in China,this article conducts co-integration analysis of the price and net value of closed-end fund and carries out a mean-reversion test.
为了探讨我国封闭式基金折价率的均值回归性质对基金投资者投资策略的影响,本文通过对封闭式基金价格与净值的协整分析,以及折价率均值回归检验,证实了我国封闭式基金价格与净值的变动之间不存在长期稳定关系;进一步,我国封闭式基金折价率不具有均值回归性质,而呈现明显的持续性特征。
3) discount rate
折价率
1.
Using the closed-end funds of our country as samples,the author makes a model of Chinese closed-end funds with panel data,considering comprehensively the mutual relationship between discount rate of funds and fund performance index.
笔者以我国的封闭式基金为样本,利用面板数据建模,综合考量了基金折价率与基金绩效指标间相关关系。
2.
Discount phenomenon of closed-end funds in China is becoming more obvious at present, the author analyses discount rate of closed-end funds in China from different aspects.
目前我国封闭式基金的折价现象日趋明显,文章从不同角度对我国封闭式基金的折价率进行了分析,分析结果显示:基金规模与折价率分析存在明显的正相关效应;上市时间与折价率先呈负相关随后转为正相关;基金分红与折价率存在负相关效应等等。
4) discount\premia
折\溢价(率)
5) Discounting (premium) rate
折溢价率
6) Arbitrage cost
溢(折)价率
补充资料:封闭式基金折价率
封闭式基金折价率概述
当封闭式基金在二级市场上的交易价格低于实际净值时,这种情况称为“折价”。
折价率=(单位份额净值-单位市价)/单位份额净值。根据此公式,折价率大于0(即净值大于市价)时为折价,折价率小于0(即净值小于市价)时为溢价。除了投资目标和管理水平外,折价率是评估封闭式基金的一个重要因素。国外解决封闭式基金大幅度折价的方法有:封闭转开放、基金提前清算、基金要约收购、基金单位回购、基金管理分配等。
例如某封闭式基金市价0.8元,净值是1.20元,我们就说它的折价率是(0.8-1.20)/1.20=-33.33%。
说明:补充资料仅用于学习参考,请勿用于其它任何用途。
参考词条