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security analyst 股市分析家。

security blanket

The predicting ability of security analysts is one of their most important abilities , the study of it has important theoretical and practical significance in guaranteeing security analysts ’ independency , impartiality and efficiency , preventing the manipulation of stock prices and helping the security analysts in maintaining the efficiency of the markets 證券分析師預測能力是其執業能力的體現,通過對證券分析師預測能力的研究,對于保證中國證券分析師獨立、公正、有效地進行分析,防范股價操縱,發揮證券分析師在維護市場效率中的作用有著重要的理論意義和現實意義。

Then i analyzed the affecting factors of chinese analysts ’ predicting ’ ability through analyzing security analysts ’ research papers and their regulation . firstly , i compared the research papers of the analysts from chinese companies to that of analysts from foreign companies . and i found out that there exist some problems such as lack of some important target data , lack of the instructions of the method use in the research papers , special instruction of the objectivity and legal responsibility of the research papers is insufficiency 通過對中外資機構證券分析師研究報告內容的對比發現中國證券分析師研究報告中還缺乏一些重要數據指標、一般未能說明預測數據的計算方法和數據資料的來源、在研究報告的客觀性和法律責任的特殊聲明方面還存在嚴重不足,這些不足反映出我國證券分析師執業素質離成熟市場水平的差距,中國證券分析師執業素質的增強是提高證券分析師預測能力的必要條件。

With continual development and improvement of security market in every country , the industry of security analyst was came forth , and get great development . security analyst is the professional market researcher . compared with the other common investors , security analyst needs the excellent professional knowledge , and they can acquaint themselves with the security market 用每天推薦股票及提醒警惕股票,分別作投資組合,并分別計算這些投資組合的一天、三天、五天、十天、十五天、二十天、三十天、四十天的收益率,分析分析師推薦股票的收益率情況。

On the one hand , we find that security analysts “ recommendations can neither lead to abnormal returns nor influence price fluctuation . on the other hand , we use risk - adjusted profit to test the funds “ performance persistence and find that funds can not beat the market without favorite treatment , such as subscribing ipo shares . their performance is affected by market 第六章通過對證券分析師薦股行為的研究,一方面發現證券分析師的薦股并非是從個股的基本面理性分析,而是主要根據個股的前期走勢,結合證券分析師的羊群效應,說明分析師行為不理性。

First , i did an empirical research of chinese security analysts ’ predicting ability . the sample data is a 72 weeks ( 2003 . 11 . 30 - 2005 . 6 . 17 ) stock recommendation data from the “ chinese stock newspaper ” . the results reveal that there is an remarkable positive abnormal return of the chinese analysts ’ stock recommendations before these recommendation went into public , but the abnormal return after those recommendation went into public is unremarkable or even negative 研究結果顯示,中國證券分析師推薦的股票在公開推薦以前就存在顯著的正的異常收益,反而在推薦公開以后無顯著的異常收益甚至出現負值;牛市氣氛下證券分析師推薦股票的盈利能力明顯高于熊市氣氛;券商類機構證券分析師推薦股票的異常收益明顯高于獨立咨詢機構。

Company founder is the outstanding youth , senior securities analysts , investment finance expert and successful life consultants liuxinghui in portfolio investment , real estate investment , other industries project management , business consulting experience and a good reputation 公司創辦人是全國優秀青年、資深證券分析師、投資理財專家、成功人生咨詢顧問劉星輝,在證券投資、房地產投資、其他產業項目管理、創業咨詢等多方面擁有豐富的經驗和良好的口碑。

In each newspaper , magazine , broadcast and tv program , the various security recommendations can be seen anywhere . in china there are large numbers of security investors do not know how to invest and the security analyst recommendations act an important part in the security market 研究對象為2003年《中國證券報》 “潛力推薦票”和“須警惕個股”兩個欄目刊登的股票,推薦分析師都是來自于各個證券公司。

Currently have mechanisms in place for preventing securities analysts from expressing in the media views that may mislead investors ; if they have , of the details of such mechanisms ; if not , whether the government will consider establishing the relevant mechanisms ; and 現時有否機制防止證券分析員在傳媒發表誤導投資者的言論若有,有關機制的詳情若否,政府會否考慮訂立有關機制及

The candidates of security analyst must past a series of strict exams , then they had been chartered to deal with invest conducts . of course they need to be enforced compliance with the code of ethics and standards of professional conduct 并且用資本資產定價模型度量投資組合的風險,再采用ff三因子模型來檢驗推薦與提醒警惕股票的小公司效應和賬面市值比效應。

The sarbanes - oxley act of 2002 has introduced a series of reform in supervision of accounting , independence of auditing , disclosure of financial information , legal liability of security analysts in breaching of laws or regulations 本文運用青木昌彥博弈均衡的制度概念,采用制度因素分析的方法,論證了注冊會計師具有發現和揭露公司財務舞弊的責任。

To improve such kind of situation we can do something through the following method : make the entrance necessity to be a security analyst stricter , establish a more strict regulation of our analysts and strengthen the profession autonomy 要改變中國證券分析師的執業狀況有必要提高證券分析師準入的嚴格性,建立嚴格的行業規則,進一步加強行業自律。

I have recently received complaints that some securities analysts have published articles in newspapers mentioning their personal investment decisions and actions , which may mislead the small investors in the stock market 本人最近接獲投訴,指有證券分析員在報章發表的文章提及個人的投資決定和行動,而這些文章可能會誤導小股民。

Had received complaints in the past three years about securities analysts expressing in the media views which might mislead investors ; if they have , of the number of such complaints and how they were followed up 過去3年,有否接獲關于證券分析員在傳媒發表的言論可能誤導投資者的投訴若有,該等投訴的數目和跟進情況

With the development of the security market , the position of the security analyst gets more and more important . the task of security analyst is to avoid dramatic volatility in security market 通過以上的實證分析,我們發現分析師推薦股票的獲利能力要整體弱于大盤,不能為投資者提供最優的投資指南。

Will consider stepping up education for investors on how to comprehend and interpret views of securities analysts ; if they will , of the relevant details ; if not , the reasons for that 會否考慮加強教育投資者如何理解和詮釋證券分析員的言論若會,有關的詳情若否,原因為何?

Perhaps not surprisingly , many of the things developers need to know when they are creating secure code also turn out to be relevant to security analysts . security is always 那么,您應該認為如果您的緩沖區足夠大,可以處理可能的最長名稱,您的程序會安全,對嗎?

Hopefully , as a proactive security analyst , you can make a difference in helping to slow down this malicious activity within your organizations as well as outside of them 希望您作為主動出擊的安全分析師,在幫助減少組織內部和外部的這種惡意活動中發揮重要作用。

Perhaps not surprisingly , many of the things developers need to know when they are creating secure code also turn out to be relevant to security analysts 可能不使人吃驚的是,開發人員建立安全程式時需要了解的許多事情最后證明也同安全性分析人員相關。

The following part deals with the investor behavior in china ' s stock market by examining the behavior of security analysts and funds 這里的投資者主要分為兩類,一類是代表中小投資者的證券分析師,另一類則是代表機構投資者的證券投資基金。