风险调整后收益

战略资产配置主要是指投资主体确定单个资产在资产配置池中的长期持有比例，以达到资产配置池中经风险调整后收益最大化的目标。

Strategic asset allocation is mainly referred to the investment subject who is to determine a single asset holding ratio in the long-term allocation pool , in order to achieve risk-adjusted returns maximization from the asset allocation pool .

最后得出的结论如下：（1）配置型基金风险调整后收益率的排名与净值收益率排名差异不大。

The conclusions are as follows : ( 1 ) there is little difference between rankings based on risk-adjusted return and rankings based on pure return .

实证研究结论，行业资产配置组合的风险调整后收益明显优于市场基准；做空机制的引入能够有效的提高资产配置效率。

Empirical results , industry asset allocation portfolio risk-adjusted return is better than market benchmarks ; short introduction of the mechanism can effectively improve the efficiency of asset allocation .

最小规模公司股票组合获得显著的超额收益，且拥有最高的经风险调整后的收益（Sharpe比率），中国A股市场存在小公司效应。

The stock combinations of the smallest firms gain significant premium return and the highest risk-adjusted return ( Sharpe ratio ) , the small firm effect exist in the Chinese A stock market .

证券市场异常现象，是指风险调整后证券收益率超过预期收益率的现象。

Security market anomalies refer to the particular phenomenon in which the risk-adjusted returns to securities in mind exceed the expected values .

投资者对欧洲CLO债券感兴趣，因为目前在固定收益市场的其他领域，要找到经风险调整后具有强劲收益的产品越来越难。

There is appetite for European CLOs from investors , as it is increasingly hard to find a strong risk-adjusted yield elsewhere in fixed income at the moment .

风险调整后的资本收益率在信用风险管理中的应用

Application of risk adjusted return of capital in credit risk management

全球市场是相互关联的，而现金总是在不断寻找经风险调整后的最佳收益率。

Global markets are interrelated and money is constantly seeking the best risk-adjusted rates of return .

通过事前计提每笔信贷资产的风险成本，提出了基于风险调整后的资本收益率的信贷质量管理模式。

This paper has put forward a credit quality management mode based on risk adjusted return of capital through a beforehand estimate and drawing of risk cost of every credit capital .

在资本资产定价模型中，任何一项金融资产的收益都由无风险利率和市场风险贴水决定，经过风险调整后的超额收益具有不可预测性。

In the capital asset pricing model , any of the proceeds of financial assets are risk-free interest rate and market risk premium decision , after risk-adjusted gains over with unpredictability .

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 .

风险绩效度量是由美国信孚银行（BankersTrust），于20世纪70年代末首次提出的，是衡量风险调整后收益大小的一种方法。

The credit risk adjusted performance measurement is a kind of management mode to measure the return on risk adjusted capital , which was initiated by the Bankers Trust of the United States at the end of 70 's in the 20th century .