绝对收益

斯坦恩说，虽然新兴市场债券的收益率不算太高，但也比美国国债好得多。他管理的64亿美元规模的伊顿万斯全球宏观绝对收益基金（EatonVanceGlobalMacroAbsoluteReturnfund）持有马来西亚、菲律宾和墨西哥的债券。

The payouts might not be astronomical , but they are much better than those offered by Treasurys , Mr. Stein says , whose $ 6.4 billion Eaton Vance Global Macro Absolute Return fund owns the bonds of Malaysia , the Philippines and Mexico .

通过FFF方法，将该周期因子进行滤波处理以后，基金指数高频绝对收益不再具有明显周期性。

And after the intraday periodicity factors are filtered through FFF regression , the high frequency absolute return of fund index doesn 't have obvious periodicity any longer .

其次，对待WTO法律体制，中国应务实地处理绝对收益与相对收益之间的关系；

As for the statutory framework of WTO , China should appropriately handle the relation between " absolute gains " and " relative gains ";

收益与交易量以及绝对收益与交易量之间存在双向Granger因果关系（线性或非线性）；

Granger causality tests demonstrate that bilateral causality relation ( linear or nonlinear ) exists between returns ( or absolute returns ) and volume ;

进而将LW估计首次应用于中国股市，结果表明不同频率绝对收益序列的长记忆强度基本一致；

Then LW estimation was applied in China stock market . The results present that long memory be generally consistent across various temporally aggregated returns .

采用Andersen和Bollerslev（1997）的FFF回归方法，对上证综合指数高频数据中的周期性进行了分析，并分析了剔除周期后的绝对收益的长记忆性。

By FFF regression of Andersen and Bollerslev ( 1997 ), we analysis the periodicity of Shanghai stock index 5-min high frequency data and the long memory characters in filtered absolute returns .

纯益与股东权益百分比相对收益和绝对收益

Percent of net income to stockholders relative and absolute returns

相对收益和绝对收益相反的，扶轮再度透过合作而获益。

Relative and absolute returns Again , Rotary has won with cooperation .

制度变迁视角下解决相对收益和绝对收益问题的尝试

An Attempt to Compromise Relative and Absolute Gains from the Perspective of Institutional Change

以日绝对收益序列为代表的波动序列具有较强的长记忆性。

While volatility series represented by daily absolute return series present stronger long memory property .

同时，封闭式基金、开放式基金的绝对收益率没有表现出明显的差别。

At the same time , closed-end fund does not show significant difference with open-end fund .

相对收益和绝对收益

Relative and absolute returns

对冲基金过去常常称颂它们无论经济环境如何都能轻易赚取“绝对收益”的本事。

Hedge funds used to celebrate their ability to rake in " absolute returns " no matter the economic environment .

封闭式基金的绝对收益率明显高于市场基准，而且投资组合所承担的风险低于市场基准。

As a whole , the closed-end fund has a higher absolute return rate and a lower risk than the market benchmark .

新自由主义从相互依赖以获得绝对收益的观点出发解释北约扩大；建构主义则从共同体价值观的内化或社会化的视角去分析北约扩大。

Constructivism theory analyses the NATO Enlargement in the perspective of internalization and socialization of the sense of value of the community .

国家主动参与某项国际制度，将会赢得超过其不参与状态的绝对收益。

When a state chooses to participate in an international institution voluntarily , it will achieve absolute gains which can not be achieved in the situation of non-participation .

市场中性策略是一种新近出现的、通过中性化市场风险，利用证券之间相对价格的变化来谋求绝对收益的一种投资策略。

Market neutral strategy is a new investment strategy , which is aimed at making profits by neutralizing the market risk and utilizing the changes of relative prices among securities .

我们对比分析了各期限债券的风险溢酬，发现相对于其他期限债券，3年期左右债券具有较高的绝对收益和风险调整后收益。

We analyzed the bond risk premium of different kinds of durations and concludes that the absolute return and risk adjusted return of 3-year bonds is higher then the return of other maturities .

在此契机下，以追求绝对收益为目标的量化投资策略得到广泛关注，并快速发展。

At this time , quantitative investment strategies , in the pursuit of alpha return , have been caught more attention . Having learned from experiences abroad , the number of native quantitative trading funds is growing fast .

本文在比较各种长记忆检验方法优缺点的基础上，采用修正的R/S分析检验我国沪深两股市日收益和日绝对收益序列的长记忆性。

On the basis of weighing advantages and disadvantages of various methods of testing long memory property , modified R / S analysis is adopted to examine long memory property for daily return and daily absolute return of our stock market .

区域内的企业以开发短、平、快项目为主，虽然产出的绝对收益较高，但投入产出的相对效率较低，而且产品的科技含量普遍不高。

The projects processed by enterprises in the region which are characteristic of shortness , easiness and quickness have good profits of output , but the relative efficiency between output and input is low , as well as the contents of science and technology involved .

CH方法和CCK方法都是检验投资者之间羊群效应的方法，CH方法认为，当股市存在羊群效应时，个股收益率的横截面标准偏差CSSD随绝对市场收益率的增大而减小。

CH method and CCK method both test herding effect in investors , CH method thinks that the cross section with the standard deviation CSSD of stock returns will decrease as the absolute market yield increases when the stock market exists herding effect .

但需要指出的是，要想使得个股收益率的横截面标准偏差CSSD随绝对市场收益率的增大而减小，只有当大部分的投资者都表现出强烈的羊群行为时才有可能。

But it should be pointed out that only when most investors have serious herding behavior , the cross section with the standard deviation CSSD of stock returns will decrease as the absolute market yield increases .

结果表明：三种形式的收益率均存在长程相关性，其中绝对值收益率的相关性程度最强；

The results show there is evidence of long-rang correlations for the three returns and the intensity of correlation of the absolute returns is the most strong .

无论如何，赤字的绝对规模与国债收益率之间的联系并不确定。

In any case , the link between the absolute size of deficits and yields is inconclusive .