LordJ
2023-05-14 20:15四個(gè)選項(xiàng)能到都解釋一下么
所屬：FRM Part II > Operational Risk and Resiliency 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Michael助教
2023-05-19 11:44
該回答已被題主采納
學(xué)員你好，
M^2 focuses on total volatility as a measure of risk, but its risk adjustment leads to an easy-to-interpret differential return relative to the benchmark index.
這是說(shuō)M^2這個(gè)指標(biāo)用來(lái)衡量波動(dòng)率，但是更加容易理解（如果投資組合的總風(fēng)險(xiǎn)和市場(chǎng)組合一樣，那么會(huì)額外產(chǎn)生的回報(bào)）。
The return for the perfect timer in each year is the average of the return on stocks and the return on bills. 完美的擇時(shí)指的是最終的收益是股票和債券收益的平均數(shù)，這個(gè)不對(duì)，應(yīng)該是熟大值。
Market timing involves shifting funds between a market-index portfolio and a safe asset, depending on whether the market index is expected to outperform the safe asset.
這個(gè)說(shuō)法就正確了，完全是擇時(shí)的定義。
Managers can manipulate their performance measures by adjusting their risk-return profile in response to performance in the early part of an evaluation period.
可以操作的，如果投資完成之后再修改基準(zhǔn)，然后找一個(gè)差的基準(zhǔn)的話(huà)就可以使得投資的表現(xiàn)更好一些。
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