f**s 发帖数: 1 | 1 不知道是否在下孤陋寡闻,金融市场对于市场风险会给出风险补偿,
但对于公司的特有风险如何定价呢?
如果有那么风险补偿怎么算其背后的经济意义是什么?
如果没有难道一个全新的证券(与市场其他证券不相关)是无法直接在市场中获得
风险补偿的?好像又不太说的过去。
诚恳求教,大家仁者见仁了。 | q**i 发帖数: 174 | 2 you mean two different things.
market risk is "priced" into all securities in the sense that,
had there existed a security that performed like the market in
totality (like QQQ for example), it would be traded off a RISK-free
security (t-bill for example).
idiosyncratic risk, or risk specific to a security, will not
be reflected in that "market security" at all (to the extent
that the particular security is infinitesimal to the whole
market). Thus the market didn't price the idiosyncratic risk.
H
【在 f**s 的大作中提到】 : 不知道是否在下孤陋寡闻,金融市场对于市场风险会给出风险补偿, : 但对于公司的特有风险如何定价呢? : 如果有那么风险补偿怎么算其背后的经济意义是什么? : 如果没有难道一个全新的证券(与市场其他证券不相关)是无法直接在市场中获得 : 风险补偿的?好像又不太说的过去。 : 诚恳求教,大家仁者见仁了。
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