annie
2023-07-02 19:0810. In DeMarco’s discussion with Morgan regarding the comparison of REITs versus direct real estate as an investment, which of the following statements are most likely correct? A. Although REITs tend to act like real estate in the short run, they act like stocks in the longer run.B. Studies have shown that direct real estate investment is a good diversifier since it is not very highly correlated with equities.C. REITs are more highly correlated with direct real estate investment and less highly correlated with equities over multi-year time horizons
這道題為什么不能選B
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Johnny助教
2023-07-02 22:53
該回答已被題主采納
同學(xué)你好，從紙面數(shù)據(jù)來看，房地產(chǎn)和股票的相關(guān)系數(shù)的確不高，但這是由于房地產(chǎn)呈現(xiàn)的數(shù)據(jù)都是被平滑過的，一旦去除了平滑，那么房地產(chǎn)和股票的相關(guān)度就會上升，分散化效果就不好了
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