{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u300a\u8a08\u91cf\u7b56\u7565\u300b\u6709\u5426\u60f3\u904e\u5982\u4f55\u4f7f\u7528\u65e5\u672c\u53ca\u9999\u6e2f\u7684\u6578\u64da\u69cb\u601d\u7b56\u7565\uff1f\uff08\u4e09\uff09 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/548935\">\u300a\u8a08\u91cf\u7b56\u7565\u300b\u6709\u5426\u60f3\u904e\u5982\u4f55\u4f7f\u7528\u65e5\u672c\u53ca\u9999\u6e2f\u7684\u6578\u64da\u69cb\u601d\u7b56\u7565\uff1f\uff08\u4e09\uff09<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var 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class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2021\/06\/cpnls.png","thumbnail_width":3880,"thumbnail_height":1916,"description":"\u6709\u7db2\u53cb\u5728\u6b64\u5e73\u53f0\u60f3\u6211\u518d\u6df1\u5165\u4e00\u9ede\u5206\u6790\u9019\u500b\u65e5\u6e2f\u7b56\u7565\u8207\u5927\u5e02\u7684\u95dc\u4fc2\uff0c\u4e14\u5206\u6790\u6846\u67b6\u5c0d\u5404\u4f4d\u7814\u767c\u7b56\u7565\u4e5f\u6709\u7528\u8655\uff0c\u6240\u4ee5\u60f3\u5728\u6b64\u6b04\u9032\u4e00\u6b65\u5206\u6790\u4e4b\u524d\u63d0\u53ca\u7684\u300c\u65e5\u672c\u9999\u6e2fIV\u5dee\u300d\u91cf\u5316\u7b56\u7565\u3002\u5fd8\u8a18\u4e86\u7b56\u7565\u91cd\u9ede\u7684\u8a71\uff0c\u53ef\u4ee5\u91cd\u770b\u9019\u500bseries\u7684\uff08\u4e00\uff09\u53ca\uff08\u4e8c\uff09\u7ae0\u3002\u9806\u5e36\u4e00\u63d0\uff0c\u7b56\u7565\u7684\u6240\u6709\u8a0e\u8ad6\u90fd\u5df2\u7d93\u8003\u616e\u4ea4\u6613\u6210\u672c\uff08transaction costs\uff09\u3002 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average\uff09\u6982\u5ff5\u76f8\u8fd1\uff0c\u53ea\u662f\u5c07\u5e73\u5747\u6578\u8f49\u6210\u8a08\u7b97\u76f8\u95dc\u6027\u3002\u9019\u6b21\u4f7f\u7528\u7684\u76f8\u95dc\u6027\u79fb\u52d5\u7a97\uff08window\uff09\u6703\u662f60\u500b\u4ea4\u6613\u65e5\uff0c\u6982\u5ff5\u53ef\u4ee560\u5929\u79fb\u52d5\u5e73\u5747\u7dda\u985e\u6bd4\u3002\u7d50\u679c\u5982\u4e0b\u5716\u6240\u793a\uff1a \u5716\u4e2d\u5de6\u908a\u7684\u8ef8\u7232\u7b56\u7565\u7d2f\u8a08\u56de\u5831\uff0c\u53f3\u908a\u7684\u5247\u7232\u79fb\u52d5\u76f8\u95dc\u6027\u6578\u503c\u3002\u57282020\u5e74\u7b56\u7565\u51fa\u73fe\u6700\u5927\u56de\u64a4\u6642\uff0c\u7b56\u7565\u8207\u5927\u5e02\u7684\u79fb\u52d5\u76f8\u95dc\u6027\u5728\u5927\u90e8\u4efd\u6642\u9593\u90fd\u4f4e\u65bc0.5\uff0c\u53ef\u898b\u7b56\u7565\u4e26\u975e\u56e0\u5927\u5e02\u8dcc\u800c\u62d6\u7d2f\u3002 \u90a3\u9ebd\u70ba\u4f55\u79fb\u52d5\u7a97\u8981\u8a2d\u5b9a\u723260\u500b\u4ea4\u6613\u65e5\uff1f\u539f\u56e0\u662f\u5982\u679c\u79fb\u52d5\u7a97\u592a\u77ed\uff0c\u79fb\u52d5\u76f8\u95dc\u6027\u6703\u592a\u654f\u611f\uff0c\u5347\u8dcc\u5e45\u8b8a\u5f97\u6beb\u7121\u6307\u5411\u6027\u3002\u76f8\u53cd\uff0c\u5047\u5982\u79fb\u52d5\u7a97\u592a\u9577\uff0c\u73fe\u5728\u7684\u76f8\u95dc\u6027\u5c31\u6703\u88ab\u5f88\u4e45\u4ee5\u524d\u7684\u6578\u64da\u5f71\u97ff\uff0c\u6e1b\u4f4e\u6e96\u78ba\u6027\u3002 \u8981\u5206\u6790\u7b56\u7565\u8207\u5927\u5e02\u56de\u5831\u76f8\u95dc\u6027\u7684\u539f\u56e0\uff0c\u662f\u8981\u770b\u7b56\u7565\u672c\u8eab\u8207\u5927\u5e02\u6709\u5426\u660e\u986f\u95dc\u4fc2\u3002\u5982\u679c\u5169\u8005\u7684\u76f8\u95dc\u6027\u592a\u9ad8\uff0c\u7b56\u7565\u5c31\u5f88\u5bb9\u6613\u53d7\u5e02\u5834\u98a8\u96aa\u5f71\u97ff\uff0c\u98a8\u96aa\u63d0\u9ad8\u4e4b\u9918\uff0c\u4e5f\u8207\u9577\u63f8\u5927\u5e02\u5206\u5225\u4e0d\u5927\u3002\u6240\u4ee5\uff0c\u975e\u5e38\u5e0c\u671b\u5404\u4f4d\u53ef\u4ee5\u591a\u52a0\u61c9\u7528\u76f8\u95dc\u6027\u5206\u6790\u9019\u500b\u6846\u67b6\u3002 \u6700\u5f8c\uff0c\u9644\u4e0a\u7b56\u7565\u8207\u5927\u5e02\u7684\u5404\u7a2e\u8868\u73fe\u6307\u6a19\u4ee5\u4f5c\u6bd4\u8f03\u3002 \u5f88\u660e\u986f\uff0c\u672c\u6e2f\u5927\u5e02\u8868\u73fe\u5728\u4ee5\u4e0a\u7684\u56db\u500b\u6307\u6a19\u4e0a\u90fd\u6bd4\u8f03\u5dee\u3002\u6ce8\u610f\uff0cCalmar ratio\u5373\u5e74\u56de\u5831\u9664\u6700\u5927\u56de\u64a4\u6bd4\u4f8b\u3002\u540c\u6642\uff0c\u4e0a\u9762\u4ee5\u5e74\u56de\u5831\u53d6\u4ee3\u4e86\u5169\u500b\u7b56\u7565\u7684\u7e3d\u56de\u5831\uff0c\u56e0\u70ba\u5e02\u5834\u4e00\u822c\u6bd4\u8f03\u7740\u91cd\u5e74\u5ea6\u5316\u6307\u6a19\u3002 \u9019\u6b21\u5c08\u6b04\u5f88\u5927\u7a0b\u5ea6\u4e0a\u662f\u56e0\u70ba\u4e00\u4f4d\u7db2\u53cb\u7684\u554f\u984c\u800c\u751f\uff0c\u6709\u4ec0\u9ebc\u60f3\u6211\u518d\u5beb\uff0c\u6b61\u8fce\u7559\u8a00\u8a0e\u8ad6\u3002\u53ea\u8981\u5e6b\u5230\u8b80\u8005\uff0c\u6211\u90fd\u9858\u610f\u7e7c\u7e8c\u5beb\u3002"}