金程問(wèn)答
這里到底應(yīng)該active share是5%還是2.5%？他和bob講的不一樣啊
Security lending會(huì)不會(huì)有違約風(fēng)險(xiǎn) 比如股價(jià)暴漲 short party還不起了 畢竟這個(gè)又沒(méi)有initial margin的
L3V3 P363. How can I tell from the Exhibit that the custom portfolio satisfies " no position greater than 2%" ?
In previous exams, we call alpha the excess return. But now in L3V3 P308, we call alpha the active return from the skills and management from the portfolio manager. Which one should I follow? And how should I differentiate total active return from the active return solely from portfolio manager?
L3V3 p239. In Example B, company C's forward P/E is 2.2, which is absolutely and relatively low compared to other companies. (1) why should not this stock be a good candidate under the relative valuation approach？ （2）The solution said it's a good candidate under the deep-value approach. Through definition, deep-value approach chooses low P/B company and company under financial distress. How can I tell the P/B is low and it is under financial distress?
74，老師麻煩了
?？? Q5D 計(jì)算subportfolio 的HHI 為什么只考慮股票部分的權(quán)重 債券不用考慮？
課后題 reading 17 第 5題，我覺(jué)得Furlings的value orientation 也沒(méi)有體現(xiàn)出來(lái)，Dividend/price 比指數(shù)低。value型企業(yè)的dividend/price 應(yīng)該會(huì)高一些。
securities lending，分紅還是原來(lái)持有者享受，但是原來(lái)的持有者就沒(méi)有voting rights？
老師講下這道題呢
老師請(qǐng)講下原版書第120頁(yè)Reading18的第6題，解釋看不懂，謝謝
這里如果個(gè)股跟風(fēng)散那么active share 不是應(yīng)該和高嗎。為什么是更小
老師，從沖刺筆記上冊(cè)182頁(yè)例題，是否能給沖刺筆記173頁(yè)的表格增加一條總結(jié)：fundamental investor‘s performance is attributed to either alpha skills or idiosyncratic risks. 而quantitative investor’s performance is attributed to exposure to rewarded factors. 老師，您覺(jué)得，拋開例題，以上兩條對(duì)比我理解的對(duì)嗎？
老師，能否給講解一下R17原版書例題5？感覺(jué)對(duì)factor timing掌握的很機(jī)械
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