反转效应

此外，动态效应与反转效应也存在于中国创业板市场中。

In addition , momentum and reversal effect also exist in China GEM .

然后本文通过构造套利组合对沪市A股的反转效应表现进行了实证研究。

Then , this paper made empirical research about Shanghai a-share ' reversal effect by constructing the arbitrage portfolio .

PU的电致伸缩特性与PZT在高电场下极化反转效应结合，导致了PZT/PU复合物这种有趣的性能。

This effect can be explained as the resultants of the electrostriction of PU and polarization reversal of the PZT at high field .

一种是CAPM异象，它主要包括规模效应、帐面市值比效应、长期收益率反转效应和短期惯性效应等。

One is referred as CAPM anomaly , which includes size effect , book-to-market equity effect , long-term return reversals effect , short-time momentum effect and etc.

股票收益率的可预测性重点表现在股票价格的惯性效应与反转效应，它们作为股票市场的异常现象与有效市场假说相矛盾，不能用资本资产定价模型（CAPM）和Fama-French三因素模型进行解释。

Stock return predictability is mainly reflected in the momentum effect and contrarian effect , which , as an anomaly in stock market , cannot be explained by CAPM and Fama-French Three Factor Model and are inconsistent with Efficient Market Hypothesis ( EMH ) .

岩石层消减中的密度反转效应

Effects of Density Reversal in the Process of Lithosphere Subduction

有限理性股市中的惯性及反转效应研究

On Momentum Effect in Stock Market with Limited Rational Investor

动量效应和反转效应的理论及实证研究

An Theoretical and Empirical Study on the Stock Price Momentum and Contraria

再次，从价值指标的角度分析股票市场的反转效应。

Thirdly , analysis the profit performance from the angle of value index .

中国A股股票市场惯性与反转效应研究

The Research of Momentum and Contrarian Effects in China 's A-share Stock Markets

自旋反转效应对铁磁/绝缘层/铁磁结中的隧道磁电阻的影响

The Influence of Spin-flip on the Tunneling Magnetoresistance in Ferromagnet / Insulator / Ferromagnet Junctions

沪市A股反转效应与惯性效应实证研究

An Empirical Research on the " Reversal Effect " and the " Momentum Effect " for Shanghai Stock Market

动量效应和反转效应的形成机制及其在沪市A股市场的表现研究

Study on the Causes and Performance of Momentum Effect and Reversal Effect of a Shares in Shanghai Stock Market

在这些金融异象中，动量效应、反转效应是两类重要的现象。

And these phenomena are called financial anomalies . Among these anomalies , momentum effect and reversal effect are two important facts .

严重偏侧忽略组、无偏侧忽略组、对照组出现线分法中的位置反转效应（crossovereffect）。

The crossover effect of space location was found in the severe UN group , the group without UN and the controls .

就两种效应的存在性来讲，反转效应显著存在而动量效应并不显著。

As for the existence of the two effects , the results indicate that the contrarian effect is significant but the momentum is not .

⒉沪市A股市场存在反转效应，反转效应明显与否取决于考察期限的长短；

The " reversal effect " exists in Shanghai Stock Market , whether it is strong or not depends on the spans of research ;

作为金融市场中的重要异象，动量效应与反转效应成为受到广泛关注的金融热点。

As an important anomaly in stock market , momentum effect and contrarian effect become the most significant discoveries and hotspots in contemporary financial research .

因此在熊市当中，反转效应占据了主导地位，卖空赢家组合的投资策略应当能够获得最大的收益。

Thus we conclude that contrarian effect dominates in the bear market , and the investment strategy of sell winner portfolio will gain the maximum returns .

中国股市作为一个新兴资本市场，可能存在的动量和反转效应为动量投资策略、反转投资策略等积极投资策略提供了潜在的投资获利机会。

As an emerging market , Chinese stock market offers opportunities to the investor making profits by using a momentum strategy for the existence of momentum effect .

一些客观存在的股市异象对有效市场假设提出了严峻的挑战，其中一种已被证实存在的异象就是所谓的动量效应或反转效应。

Some anomalies existing in the stock markets seriously challenges The EMH , one of which is called " momentum effect " or " contrarian effect " .

羊群行为同时也会带来动量效应和反转效应，动量效应是指过去业绩好的股票会继续表现好，而业绩不好的股票其表现也将持续不好。

The herd behavior also has brought the momentum effect and the reversal effect . The momentum effect means the outstanding achievement of the stock will continue .

近些年来，国内外的学者对于资本市场中的动量效应或反转效应现象进行了大量且广泛的研究。

In recent years , there are a number of comprehensive studies of momentum effect and reversal effect in the capital market among domestic and overseas scholars .

而且随着持有期的延长，反转效应变强；熊市时的反转效应强于牛市时的反转效应。

And the reversal effect got stronger as the holding period extended , the reversal effect in bear market was stronger than the reversal effect in bull market .

模拟结果从投资者行为角度进一步验证了投资者思维模式对我国沪深A股市场惯性及反转效应异象的产生有影响作用。

The outcome further testifies the model of investor thinking has influence on the cause of momentum and contrarian anomalies in our exchange markets from investor behavior point .

另外本文分析发现规模、账面市值比、换手率、流动性、反转效应等公司特征变量对特质风险的定价问题没有显著性影响。

In addition , the company size , Book-to-Market ratio , turnover rate , fluidity , reversal effects do not affect the positive relationship between idiosyncratic risk and stock returns .

第二，中国股指期货市场上的时间序列动量或反转效应收益的稳健性不是很强，部分能够被传统的风险因子模型所解释。

Second , the robustness of time series momentum or the reverse effect earnings is not strong , of which the returns can be partly explained by traditional risk factor model .

与此同时，以动量效应与反转效应为基础的动量交易和反转交易被越来越多的个人投资者和机构投资者所采用。

In the meanwhile , the momentum and contrarian trading , which base on momentum effect and contrarian effect , are used by more and more institutional investors and individual investors .

所谓动量效应指股票在一定时间内的价格仍保持上一期的趋势；而价格反转效应则是指股票在一定时间内的价格改变了上一期的趋势。

Momentum effect means that stock price movements remain on the stage ; however contrarian effect means that the stock price movements change the trend of the last period in this period .

然而，从上世纪八十年代以来，价格反转效应与价格动量效应两种异常现象的发现对传统主流金融学形成了严重的挑战。

However , since the eighties of the last century the traditional finance theory has been seriously challenged by the two strange phenomena , namely , the reversal effect and the momentum effect .