风险套利

azentus将运用多种交易策略，包括股票多空策略、风险套利以及流动性较差的特殊事件投资。

Azentus will trade a number of strategies , including equity long / short , risk arbitrage and more illiquid special situation investing .

跨国风险套利模型的研究

The Research of the Risk Arbitrage Model between Two Countries

但这样的无风险套利机会是不存在的。

The potential for arbitrage means such profits cannot be earned .

风险套利和资产定价第一基本定理

Risky Arbitrage and the First Fundamental Theorem of Asset Pricing

需要提醒的，但是，有一定的风险套利。

Need to be reminded , however , that there are certain risk arbitrage .

在价格有效的证券市场上，这种无风险套利的机会是不存在的。

The investors will have a riskless arbitrage opportunity , if the market price contradicts this relationship .

在此基础上，运用无风险套利原则，推导出变动执行价格条件下的类似于美式期权的实物期权的定价公式。

At last the paper deduces the pricing formula of real option similarly American Option utilizing No-Risk Arbitrage Pricing Theory .

如果一种投资对另外一种投资是一阶随机占优的，那么说明市场上存在进行无风险套利的可能，在价格有效的证券市场上，这种可能性是不存在的。

First-order stochastic dominance ( FSD ) implys a riskless arbitrage opportunity . The opportunity can 't exist in an efficient market .

本文就纯粹套利，风险套利和市场间套利三个方面简要讨论了价格偏差分析在对冲基金中的重要性。

This paper described briefly about the methods in three scenarios : pure arbitrage , nsk arbitrage and inter - markets arbitrages .

专门从事风险套利的对冲基金可能发现，交易前景很难判断。

Hedge funds specializing in M & A risk arbitrage may find this is one deal that is too hard to call .

但是，对超额收益的时间稳定性检验表明，长期而言，市场中不存在一成不变的无风险套利模式。

But the result of time stability test of excess profits indicates there is no such an invariable pattern of risk-free arbitrage in long term .

本文以二叉树无风险套利定价模型与决策树为基础，建立评价R&D项目的实物期权方法。

Using decision tree and binomial model that is based on risk-free arbitrage principle , we propose real option method valuing R & D project .

首先根提出了与A股挂钩的简单虚拟产品的设计，并采用金融工程中的分拆复制和无风险套利方法对其定价。

We first put forward the design of a simple synthetic A-share linked product , and price the product with the non-arbitrage method of financial engineering .

最大的风险套利的信息优势在一些情况下也不总是那么迷人，比如长期的清算、分拆，和大型的善意接管。

The informational advantage of the largest risk arbitrageurs is not so compelling in situations such as long-term liquidations , spinoffs , and large friendly tender offers .

利用国债现券与国债回购之间的利差进行无风险套利，既规避了金融风险，又充分利用了资金的使用价值，其收益远高于同期银行存款利率。

Using this interest margin for risk-free arbitrage not only avoids financial risk but also takes full advantage of fund value , getting much higher profits than bank deposit rates .

同时，由于无风险套利活动的存在将逐渐实现金融市场的无套利均衡，导致我国股票市场的规模效应减弱以致消失。

As the same time , it is considered that the non-risk arbitrage result in the non-arbitrage equilibrium in the stock market which make the size effect gradually abate and disappear .

风险套利是价值投资一个非常特别的领域，套利，正如前面提到的，是一个无风险交易，从市场间的短期定价失效中赚取利润。

Risk arbitrage is a highly specialized area of value investing . Arbitrage , as noted earlier , is a riskless transaction that generates profits from temporary pricing inefficiencies between markets .

其次，笔者利用我国国债市场现有的交易机制设计了套利交易的两个模式，即现券无风险套利模式和跨市场回购套利模式。

Secondly , I use the existing trading mechanism in Chinese bond markets to make two bond arbitrage models , that is , Bond risk-free arbitrage model and cross-market arbitrage buy-back model .

狭义的套利即为一般教材上的无风险套利，即持有相反头寸的资产组合，并在将来的某个时刻确定地获取非负收益的行为。

Arbitrage is defined as risk-free arbitrage in general textbooks . It shows a portfolio with the opposite positions of securities , which will surely bring non-negative return at sometime in the future .

引入了风险套利机会和适度风险套利机会的定义；研究了它们与等价鞅测度存在的关系；在价格有效的证券市场上，这种无风险套利的机会是不存在的。

Two definitions - risky arbitrage opportunity and modest risky arbitrage opportunity are introduced in this paper . The investors will have a riskless arbitrage opportunity , if the market price contradicts this relationship .

第二章介绍了统计套利的定义，统计套利与无风险套利的区别，统计套利实施中的策略以及国内外关于统计套利的研究现状。

The second chapter describes the definition of statistical arbitrage , the difference between risk-free arbitrage and statistical arbitrage , statistical arbitrage strategy , as well as domestic and international research status about statistical arbitrage .

本章分析了沪深300指数期货的仿真交易中存在的无风险套利机会，同时结合国外成功的案例对不同品种的跨市套利进行了详细介绍，对开阔投资视野很有裨益。

This part analyzed the risk-less arbitrage opportunities in mock trading of CSI 300 stock index futures . In the same time , it also introduced inter-commodity spread strategy in different futures markets using a successful case .

对此套利组合的分析结果表明：只要存在无风险套利机会，无论风险投资者的偏好如何，都能在不增加风险的基础上，获得较高的收益。

The result about the analysis of the portfolio shows that as long as arbitrage chance exists , each investor can get higher income , not increasing risk , no matter he is a risk averter or seeker .

一般经济行为中的套利是一个很复杂的问题，有很多种套利方式，如空间套利、时间套利、风险套利、税收套利和复合金融工具套利等。

In the conduct of general economic arbitrage is a very complex problem , there are many kinds of arbitrage , such as arbitrage of space , time arbitrage , risk arbitrage , tax arbitrage and arbitrage and other complex financial instruments .

该方法以二项式无风险套利定价方法与决策树方法为基础，将R&D项目的决策框架与整个公司的战略结合起来，使得决策过程更符合决策者的思维习惯。

The method is based on the binomial tree no-risk arbitrage pricing method and decision tree method , cooperate the decision framework of R & D project with the strategy of the whole corporations , makes the decision process more proper the mental habit of decision-maker .

长期再融资操作使西班牙和意大利的银行能够利用本国债券开展高利润、低风险的套利交易。

The LTRO enabled Spanish and Italian banks to engage in very profitable and low-risk arbitrage in their own countries ' bonds .

事实是，银行尤其是具有系统重要性的大银行目前能以近零利率获得现金，并进而从事高风险的套利活动。这些银行知道，纳税人那只看不见的钱包在背后支撑着它们。

The fact is that banks , especially large systemically important ones , are currently able to obtain cash at a near zero interest rate and engage in risky arbitrage activities , knowing that the invisible wallet of the taxpayer stands behind them .

如果监管机构施加更严格的资本金要求，来抑制令大到不能倒闭的银行过度置身于系统性风险之中的套利活动，我们会有什么损失？

What would be lost if regulators placed stricter capital requirements to discourage arbitrage activities that excessively expose too-big-to-fail banks to systemic risk ?

权证作为金融衍生品拥有套期保值、风险规避、套利、投机以及价值发现等多种功能。

As a financial derivative product , warrants have hedging , risk aversion , arbitrage , speculation , value discovery and many other functions .

套利定价理论在深圳股市的实证检验第三章分析了风险资产的套利定价理论，对套利定价理论的模型进行了推导。

An Empirical Investigation of APT Model Being Used in Shenzhen Stock Market ; Chapter three analyzes the Arbitrage Pricing Theory ( APT ) of risk assets .