杭州翻译译文赏析 | 杭州翻译公司

当前位置：杭州翻译——>译文赏析

图5，6，11和12代表投资组合套期保值以及在加拿大和香港分别对冲催化裂解- GARCH模型的套期保值比率。从这些表，我们可以看到，通过投资组合对冲催化裂解- GARCH模型估计避险比率的波动比单独的对冲催化裂解- GARCH模型为低。但在市场发生特殊事件的情况下，投资组合对冲有能力进行特定的相对快速调整避险比率。图7，8，13和14代表组合对冲避险比率在加拿大和香港的MS -催化裂解- GARCH模型和DCC- GARCH模型。从这些表格我们知道，除了政权转换模型更能够显示比没有增加的政权转换，从而享受更好的避险绩效，市场状态。图9，10，15和16的组合对冲避险比率在加拿大和香港的探讨各测试法，GARCH模型。此外，图17至28日起息差分别是加拿大，香港，欧洲美元利率期货，以及相关的动态投资组合对冲的MS -催化裂解- GARCH模型的汇率现货和远期的交流通过。

Figure 5, 6, 11 and 12 represent hedge ratios of portfolio hedging and separate hedging DCC-GARCH model in Canada and Hong Kong. From these Tables, we can see that fluctuation of hedge ratio estimated through portfolio hedging DCC-GARCH model is lower than that of separate hedging DCC-GARCH model. But in case of special events occurred in market, portfolio hedging is capable to conduct relative quick adjustment specific to hedge ratio. Figure 7, 8, 13 and 14 represent hedge ratios of portfolio hedging MS-DCC-GARCH model and DCC-GARCH model in Canada and Hong Kong. From these Tables we know that models with addition of regime switching is more capable to show market states than those without the addition of regime switching, thereby enjoying better hedging performance. Figure 9, 10, 15 and 16 are hedge ratios of portfolio hedging BEKK-GARCH model in Canada and Hong Kong. In addition, Figures starting from 17 to 28 are respectively interest margins of Canada and Hong Kong, Eurodollar interest rate futures as well as dynamic correlation of portfolio hedging MS-DCC-GARCH model adopted by exchange rate spot goods and forward exchanges.

友情链接：

余杭翻译	建德翻译	富阳翻译	临安翻译
淳安翻译	桐庐翻译	萧山翻译