以價(jià)值分析為基礎(chǔ)的不相關(guān)性證券組合實(shí)證研究.pdf

1、上海大學(xué)碩士學(xué)位論文以價(jià)值分析為基礎(chǔ)的不相關(guān)性證券組合實(shí)證研究姓名：張英杰申請學(xué)位級(jí)別：碩士專業(yè)：金融學(xué)指導(dǎo)教師：李敏20051201上海大學(xué)順：1：羋位論文以價(jià)值分析為基礎(chǔ)的刁；相關(guān)性iiF井鲺』含實(shí)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