以價值分析為基礎的不相關性證券組合實證研究.pdf

1、上海大學碩士學位論文以價值分析為基礎的不相關性證券組合實證研究姓名：張英杰申請學位級別：碩士專業(yè)：金融學指導教師：李敏20051201上海大學順：1：羋位論文以價值分析為基礎的刁；相關性iiF井鲺』含實ii：研究AbstractToday，DomesticSecurityMarket，whosesupervisionmechanismisweak，isoflittlecapitalgainbutofgreatsystematicrisk

2、sandtmsystematicrisksonsecondarymarketInvestorsonthismarketwhoseabilitiestoresistrisksareofweakness，usuallyhavenomatureinvestmentideastoguideTherefore，comparedtoAmerica’smaturestockmarket，thelong—ternvalueinvestmentissod

3、ifficulttoapplyandpopularizeondomesticstockmarketBeginningwiththeactualityofDomesticSecurityMarket，andreferringtovalueinvestmentandsecurityportfolio，thedissertationmainlyarguestheapplicationofirrelevantsecurityportfoliob

4、asedonvalueanalysisondomesticstockmarketFirstlyweassaythedifferencesofvalueinvestmentbetweenAmerica’Sstockmarketanddomesticstockmarket，givesomereasonsthatthelong—termvalueinvestmentideaisdifficulttoacceptandpopularizeond

5、omesticmarketSecondlywecomparedifferentpeculiaritiesofthreeelementalportfoliomodels，andpointoutthatirrelevantportfolioisofgreatestpopularitybecauseitCannotonlyeffectivelydisperseinvestmentrisksandrealizemuchreturn，butals

6、obeeasytograspbycommonunprofessionalinvestorsThirdlywetalkaboutdeterminationofbondandstock，whatareofdifferentpeculiaritiesThenweanalyzetheparticularitiesofdeterminationofstockvalueOnthisbasis，weemphasizepracticalsignific

7、anceofirrelevantportfoliobasedonvalueanalysisondomesticsecuritymarketFinallystartingwithdemonstration，wesetupastockportfolio，inwhichstocksarefrommanydifferentindustries，inordertoarguethefeasibilitiesofirrelevantportfolio

8、basedonvalueanalysisondomesticsecuritymarketBytheanalysesabove—mentioned，weconcludethat，Ondomesticspecialsecuritymarketofgreatsystematicrisksandunsystematicrisks，Investorsshouldnotonlytakeadvantageofportfoliotolowerunsys