Zaeh(2003)发现,即使在控制了规模、帐面市值比(Book-to-market ratio)和动量(Momentum)之后,应计的对冲策略仍能产生超 … news.srcinfo.com|基于3个网页 3. 账面收益率 ...的程序来中性化其它的一些风险因子,比如说股票市值、账面收益率(book-to-market ratio)或者是市盈率。
1 引言 Fama and French (1993) 三因子在学术界和业界影响深远,使得用Book-to-Market Ratio(BM)来构建的HML 因子被投资者熟知。然而,仅仅依据简单如 BM 这样的指标真的可以构建一个优秀的价值因子吗? 早在80 年前,Graham 和 Dodd就提醒投资者不应该使用 Book Value 来衡量公司的内在价值。但随着因子投资的深...
The book-to-market ratio is an effective way to determine the value of a company. It works by comparing a company’s book value to its market value. With book value, this relates to the accounting value or historical cost of the company. But the market value looks into the number of ...
Book-to-Market Ratio = Book Value / Market Value Investors can judge the resulting value against a figure of one (1). If the ratio is lower than one, the stock is overvalued—the market believes the company is worth more than its balance sheet. If the ratio is higher than one, the ...
Book-to-Market Ratio A ratio of apublicly-traded company'sbook valueto itsmarket value. That is, the BTM is a comparison of a company'snet asset valuepershareto its shareprice. This is a useful tool to help determine how themarketprices a company relative to its actual worth. A ratio ...
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Market-book ratio是市价对帐面价值比率（市场价值比率）的意思。Book-Market Ratio代表净值市价比。市场价值比率又称市价比率，是指普通股每股市价和公司盈余、每股账面价值的比率。它是销售净利率、销售毛利率、资产报酬率、股东权益报酬率这几个指标的综合反映，管理者可据以了解投资人对公司的评价。市场...
求翻译:the book-to-market ratio,是什么意思?待解决 悬赏分:1 - 离问题结束还有 the book-to-market ratio,问题补充:匿名 2013-05-23 12:21:38 正在翻译,请等待... 匿名 2013-05-23 12:23:18 书对市场比率, 匿名 2013-05-23 12:24:58 正在翻译,请等待... 匿名 2013-05-23 12:26...
The book-to-market ratio compares acompany’s book value with its market value. The book value is the value of assets minus the value of the liabilities. The market value of a company is the market price of one of its shares multiplied by the number of shares outstanding. The book-to-...
市账比(Market-to-Book Ratio,简称M/B)是指公司的市值与账面价值之间的比率,是判断一家公司股票投资价值的重要指标之一、市账比表示市场对公司账面净资产价值所给予的评价。 市账比的计算公式如下: 市账比=公司的市值/公司的账面价值 其中,公司的市值是指公司的总市值,即市场对公司全部股份的估值,可以通过公司当...