CN108090834A - Fund evaluation method and device - Google Patents
Fund evaluation method and device Download PDFInfo
- Publication number
- CN108090834A CN108090834A CN201711372230.0A CN201711372230A CN108090834A CN 108090834 A CN108090834 A CN 108090834A CN 201711372230 A CN201711372230 A CN 201711372230A CN 108090834 A CN108090834 A CN 108090834A
- Authority
- CN
- China
- Prior art keywords
- value
- stock
- target fund
- fund
- target
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Pending
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q10/00—Administration; Management
- G06Q10/06—Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
- G06Q10/063—Operations research, analysis or management
- G06Q10/0639—Performance analysis of employees; Performance analysis of enterprise or organisation operations
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/06—Asset management; Financial planning or analysis
Abstract
The present invention provides a kind of fund evaluation method and device, are related to finance data analysis technical field, the valuation table including obtaining target fund；The information of the first parameter of target fund is read from valuation table and the second parameter is calculated by it, including：Yearization earning rate, scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios, stability bandwidth, maximum withdraw rate and CVaR；The ranking of each 3rd parameter is determined according to the second parameter, the 3rd parameter includes：Earning capacity value, performance persistence value, Risk Adjusted performance value, air control ability value；Each ranking value is the value of relevant parameter, thus obtains the ability radar map of target fund and/or integration capability value.Fund evaluation method provided by the invention liquidates the risk sources at end for stock bull in relative worth strategy and stock price index futures and revenue stream has done more detailed attribution, and provides more complete, comprehensive, reliable fund performance attribution report.
Description
Technical field
The present invention relates to finance data analysis technical field, more particularly, to a kind of fund evaluation method and device.
Background technology
With the development of China market economy, Chinese individual investor and institutional investor's wealth progressively accumulate, investor
Investment demand is huge；On the other hand, Chinese Fund Market is also constantly developing, by the end of the first quarter in 2016, fund
Market has 4170 funds to be selected for investor, and total scale is up to 8.1 trillion yuans.In face of numerous funds, what investor was concerned about
Problem is " how selecting fund ", and this requires complete, reliable, the detailed evaluation analysis of investor's acquisition interest fund, borrow
Grasp the risk income source of interest fund and the characteristics of investment tactics to understand, instruct correct investment, reach to assets into
Row reasonable disposition reduces risk, the purpose of additional income.
At present, fund rating organization generally passes through the transaction record obtained at broker and trustship unit and note of holding position
Record makees achievement attribution so that investor will be seen that the risk income source of investment product for the investment tactics of investment manager
And the characteristics of investment tactics.
But there are no the fund performance attribution reports of the complete strategy that liquidates specifically for domestic quantization on current market
It accuses.In addition, existing fund performance attribution report can not distinguish relative worth strategy stock bull and stock price index futures well
Liquidate the risk and revenue stream at end.
The content of the invention
In view of this, it is an object of the invention to provide a kind of fund evaluation method and device, to be directed to relative worth plan
Slightly middle stock bull and stock price index futures liquidate the risk sources at end and revenue stream does detailed attribution, and provide complete, complete
Face, reliable fund performance attribution report.
In a first aspect, an embodiment of the present invention provides a kind of fund evaluation method, including：Target fund is obtained in evaluation
Between valuation table in section；The assets of target fund include：Stock, stock price index futures and cash；Target fund the is read from valuation table
The information of one parameter；First parameter includes：Income and net value in time horizon of vestment；The of target fund is calculated by the first parameter
Two parameters；Second parameter includes：Yearization earning rate, scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios,
Stability bandwidth, maximum withdraw rate and CVaR；In a manner that the second parameter determines ranking；Ranking mode includes：The ranking of earning capacity value, industry
The ranking of achievement persistence value, the ranking of Risk Adjusted performance value, the ranking of air control ability value；According to ranking mode and the second parameter by target
Ranking is compared in fund in fund and database, obtains each ranking value that target fund corresponds to ranking mode；By each
The 3rd parameter of target fund is calculated in a ranking value；3rd parameter includes：Earning capacity value, performance persistence value, risk
Adjust performance value, air control ability value；The ability radar map of target fund and/or integration capability value are obtained by the 3rd parameter.
With reference to first aspect, an embodiment of the present invention provides the first possible embodiment of first aspect, wherein, it presses
The earning capacity value of all funds, performance persistence value, Risk Adjusted achievement in database are obtained according to the computational methods of the 3rd parameter
Valid value, air control ability value sort the fund in database with target fund according to the 3rd parameter from big to small, according to sequence feelings
Condition obtains the star value of the 3rd parameter；The ability star table of target fund is worth to by the star of the 3rd parameter.
With reference to first aspect, an embodiment of the present invention provides second of possible embodiment of first aspect, wherein, also
Including：The investment beginning and ending time of target fund is obtained by valuation table；By investing the net value sequence meter in beginning and ending time and time horizon of vestment
Calculation obtains the earning rate of target fund；Target fund earning rate pair is calculated by the earning rate and market return of target fund
The linear function of market return linear regression；The intercept of linear function is assigned to Alpha values；The slope of linear function is assigned to
Beta values；Just net value is subtracted by the last net value of target fund and obtains section earning rate；It is calculated by the yield volatility of target fund
Go out standard deviation, year stability bandwidth is calculated in update cycle in the year number of combining target net fund value；It is being commented by target fund net value
The maximum range of decrease in the valency period obtains maximum and withdraws；According to Alpha values, Beta values, section earning rate, year stability bandwidth, most
It withdraws to obtain the overall target table of target fund greatly.
With reference to first aspect, an embodiment of the present invention provides the third possible embodiment of first aspect, wherein, also
Including：Six revenue impact factors are marked off according to the revenue stream of target fund, the revenue impact factor includes：The market risk because
Son, the style factor, the industry factor, the basis factor, the market value factor and Alpha；The data of holding position of target fund are obtained by valuation table
With net value, stock index and personal share data are obtained, by data and net value and the stock index and personal share data of holding position, are monthly calculated
Obtain in evaluation time section the monthly value of the value of the revenue impact factor and total revenue；By the value and total revenue of the revenue impact factor
It is worth to the excess earnings analytical table of target fund；By the value of the revenue impact factor in the full period Calculation Estimation period and total
The value of income analyzes block diagram by the value of the revenue impact factor and the excess earnings for being worth to target fund of total revenue.
With reference to first aspect, an embodiment of the present invention provides the 4th kind of possible embodiment of first aspect, wherein, also
Including：Ten factors of more stock in target fund are obtained, genre classification, wind are carried out according to more stocks of ten factor pairs
Lattice include：Growing, balanced type and value type；Ten factors include：It is expected that the ratio of earnings per share and share price, expected per share net
The ratio of assets and share price, the ratio for being expected per share main business income and share price are expected per share operational cash flow, are expected every
Stock cash bonus, the history average growth rate of earnings per share, the history average growth rate of net assets per share, per share main business are received
History average growth rate, the history average growth rate of per share operational cash flow and the stock share price entered；Three kinds of styles of calculating
Stock each accounts for the proportion of target fund；The market value accounting of IC, IF, IH in target fund are obtained, base is calculated by market value accounting
Standard, to the stock progress genre classification in benchmark, all kinds of style stocks account for the proportion of benchmark in benchmark after calculating genre classification；
The proportion that similar style in benchmark is subtracted with the proportion of all kinds of styles in target fund obtains the style deviation of such style stock
Value；The style that target fund is worth to by style deviation deviates distribution map；Every stock in target fund is obtained from personal share closing price
The income of ticket；The income and total revenue of each style stock in target fund are calculated, the stock for thus calculating all kinds of styles is each
The contribution proportion of target fund total revenue is accounted for from income；The stock of growing in calculating benchmark, balanced type and value type is respective
Income and the contribution proportion for each accounting for benchmark total revenue；Benchmark is subtracted with the contribution proportion of the stock of each style in target fund
In similar style contribution proportion, obtain the type style deviate contribution angle value；Contribution degree is deviateed by style and is worth to target
The style of fund deviates contribution degree figure.
With reference to first aspect, an embodiment of the present invention provides the 5th kind of possible embodiment of first aspect, wherein, also
Including：According to Shen just in case grade professional museum carries out trade classification to the stock in the stock and benchmark in target fund,
Industry includes：Textile garment, automobile, computer, communications and transportation, construction material, real estate, chemical industry, light industry manufacture, communication, biography
Matchmaker, household electrical appliance, bank, food and drink and non-ferrous metal, totally 14 class industry；The stock for calculating all kinds of industries in target fund accounts for
The proportion of target fund；The stock of all kinds of industries accounts for the proportion of benchmark in calculating benchmark；With the ratio of all kinds of industries in target fund
Proportion of the same trade in benchmark is subtracted again obtains industry deviation Distribution Value；Deviateed by industry and be distributed the industry for being worth to target fund
Deviate distribution map；Income of the 14 class industries per class industry stock in target fund is calculated, and calculates every profession and trade stock yield and accounts for mesh
Mark the contribution proportion of fund total revenue；The respective income of 14 class industry stocks and every profession and trade stock yield account for benchmark in calculating benchmark
The contribution proportion of total revenue；Contribution ratio of the same trade in benchmark is subtracted with the contribution proportion of all kinds of industry stocks in target fund
Weight, the industry for obtaining such industry deviate contribution angle value；The industry for deviateing contribution angle value acquisition target fund by industry deviates tribute
Degree of offering figure.
With reference to first aspect, an embodiment of the present invention provides the 6th kind of possible embodiment of first aspect, wherein, also
Including：The circulation value of each stock in target fund is obtained, with the ranking of circulation value to the stock and base in target fund
The scale of stock is classified in standard, and scale includes：Deep bid, mid-game stock and shallow bid；Calculate all kinds of scales in target fund
Stock accounts for the proportion of target fund；All kinds of scale stocks account for the proportion of benchmark in calculating benchmark；With all kinds of scales in target fund
The proportion of stock subtract and the proportion of scale stock is corresponded in benchmark obtain the market value deviation value of this kind of scale stock；It is inclined by market value
Deviate distribution map from the market value for being worth to target fund；The respective income of stock of three kinds of scales in target fund is calculated, and is counted
Calculate the contribution proportion that each scale stock accounts for target fund total revenue；In calculating benchmark the respective income of the stock of three kinds of scales and
Each scale stock accounts for the contribution proportion of benchmark total revenue；It is subtracted with the contribution proportion of each scale stock in target fund in benchmark
The contribution proportion of similar scale stock, the market value for obtaining this kind of scale stock deviate contribution angle value；Contribution angle value is deviateed by market value
The market value for obtaining target fund deviates contribution degree figure.
With reference to first aspect, an embodiment of the present invention provides the 7th kind of possible embodiment of first aspect, wherein, also
Including：The day cash deposit data of tri- kinds of contracts of stock price index futures IF, IH, IC in target fund is read by valuation table；Calculate three kinds of conjunctions
Day guarantee fund about each accounts for the rate of specific gravity of the same day total guarantee fund；The stock price index futures contract that target fund is worth to by proportion ensures
Golden accumulation graph.
With reference to first aspect, an embodiment of the present invention provides the 8th kind of possible embodiment of first aspect, wherein, also
Including：By valuation table read target fund in stock price index futures three kinds of contracts of the end of each month market value of holding position；By holding position, city is worth
To the end of term stock price index futures hoard situation table of target fund；By the external daily data and stock for obtaining stock price index futures in target fund
Ticket exponent data；Basis is calculated by daily data and stock index data；Target fund daily year is calculated by basis
Earning rate；The stock price index futures basis year earning rate trend graph of target fund is obtained by daily year earning rate.
Second aspect, the embodiment of the present invention also provide a kind of fund evaluating apparatus, including：Valuation table acquisition module, is used for
Obtain valuation table of the target fund in evaluation time section；The assets of target fund include：Stock, stock price index futures and cash；It reads
Modulus block, for reading the information of the first parameter of target fund from valuation table；First parameter includes：Income in time horizon of vestment and net
Value；Computing module, for the second parameter of target fund to be calculated by the first parameter；Second parameter includes：Yearization earning rate,
Scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios, stability bandwidth, maximum withdraw rate and CVaR；With the second ginseng
The definite ranking mode of number；Ranking mode includes：The ranking of earning capacity value, the ranking of performance persistence value, Risk Adjusted performance value row
Position, the ranking of air control ability value；Fund in target fund and database is compared by row according to ranking mode and the second parameter
Position obtains each ranking value that target fund corresponds to ranking mode；The 3rd of target fund is calculated by each ranking value
Parameter；3rd parameter includes：Earning capacity value, performance persistence value, Risk Adjusted performance value, air control ability value；Evaluation module,
For obtaining the ability radar map of target fund and/or integration capability value by the 3rd parameter.
The embodiment of the present invention brings following advantageous effect：
Fund evaluation method provided in an embodiment of the present invention, by analyzing the integrated treatment of valuation table and marketing data,
From Product Overview, overall merit, income analysis, transaction hold position style analysis, the risk exposure that liquidates, stock price index futures analysis, statistics
Totally seven broad aspect is analysed in credit, two parts is held position, detailed attribution has been done to the source of gross assets risk and return relationship between, and provided
Complete, comprehensive, reliable fund performance attribution report.
Other feature and advantage of the disclosure will illustrate in the following description, alternatively, Partial Feature and advantage can be with
Deduce from specification or unambiguously determine or by implement the disclosure above-mentioned technology it can be learnt that.
For the above-mentioned purpose of the disclosure, feature and advantage is enable to be clearer and more comprehensible, preferred embodiment cited below particularly, and coordinate
Appended attached drawing, is described in detail below.
Description of the drawings
It, below will be to specific in order to illustrate more clearly of the specific embodiment of the invention or technical solution of the prior art
Embodiment or attached drawing needed to be used in the description of the prior art are briefly described, it should be apparent that, in describing below
Attached drawing is some embodiments of the present invention, for those of ordinary skill in the art, before not making the creative labor
It puts, can also be obtained according to these attached drawings other attached drawings.
Fig. 1 is the accumulated earnings trend graph of fund evaluation method provided in an embodiment of the present invention；
Fig. 2 is the product ability radar map of fund evaluation method provided in an embodiment of the present invention；
Fig. 3 is that the excess earnings of fund evaluation method provided in an embodiment of the present invention analyzes block diagram；
Fig. 4 is that the earning rate of fund evaluation method provided in an embodiment of the present invention compares block diagram；
Fig. 5 is the daily earning rate distribution histogram of fund evaluation method provided in an embodiment of the present invention；
Fig. 6 is the daily profit and loss ratio pie chart of fund evaluation method provided in an embodiment of the present invention；
Fig. 7 is the position in storehouse analysis chart of fund evaluation method provided in an embodiment of the present invention；
Fig. 8 is the assets sequence diagram of holding position of fund evaluation method provided in an embodiment of the present invention；
Fig. 9 is the day turnover rate figure of fund evaluation method provided in an embodiment of the present invention；
Figure 10 is the monthly average turnover rate figure of fund evaluation method provided in an embodiment of the present invention；
Figure 11 is the share-holding concentration degree figure of fund evaluation method provided in an embodiment of the present invention；
Figure 12 is that the style of fund evaluation method provided in an embodiment of the present invention deviates distribution map；
Figure 13 is that the style of fund evaluation method provided in an embodiment of the present invention deviates contribution degree figure；
Figure 14 is that the industry of fund evaluation method provided in an embodiment of the present invention deviates distribution map；
Figure 15 is that the industry of fund evaluation method provided in an embodiment of the present invention deviates contribution degree figure；
Figure 16 is that the market value of fund evaluation method provided in an embodiment of the present invention deviates distribution map；
Figure 17 is that the market value of fund evaluation method provided in an embodiment of the present invention deviates contribution degree figure；
Figure 18 is the stock price index futures contract market value accounting accumulation graph of fund evaluation method provided in an embodiment of the present invention；
Figure 19 is the stock price index futures basis year earning rate trend graph of fund evaluation method provided in an embodiment of the present invention；
Figure 20 is fund evaluating apparatus structure diagram provided in an embodiment of the present invention.
Icon：
100- valuation table acquisition modules；110- read modules；120- computing modules；130- evaluation modules.
Specific embodiment
To make the purpose, technical scheme and advantage of the embodiment of the present invention clearer, below in conjunction with attached drawing to the present invention
Technical solution be clearly and completely described, it is clear that described embodiment be part of the embodiment of the present invention rather than
Whole embodiments.Based on the embodiments of the present invention, those of ordinary skill in the art are not making creative work premise
Lower all other embodiments obtained, belong to the scope of protection of the invention.
At present on the market there are no fund performance attribution report that is complete, liquidating tactful specifically for domestic quantization, and
And existing fund performance attribution report can not distinguish relative worth strategy stock bull well and stock price index futures liquidate end
Risk and revenue stream, based on this, a kind of fund evaluation method and device provided in an embodiment of the present invention can be general from product
State, hold position style analysis, the risk exposure that liquidates, stock price index futures analysis, statistical analysis of overall merit, income analysis, transaction it is common
Two parts are held position and detailed attribution have been done to the source of gross assets risk and return relationship between by seven broad aspects, and are provided complete, complete
Face, reliable fund performance attribution report.
For ease of understanding the present embodiment, first to a kind of fund evaluation method disclosed in the embodiment of the present invention into
Row is discussed in detail.
Embodiment 1
An embodiment of the present invention provides a kind of fund evaluation methods.Fund evaluation is by some quantitative targets or qualitative finger
Mark, is analyzed and is commented to the risk of fund, income, style, cost, achievement source and the investment capacity of fund manager
Sentence, purpose with help investor be best understood from the risk yield of investee, fund performance, facilitate investor into
Comparison and selection between row fund.
First, valuation table of the target fund in evaluation time section is obtained；The assets of the target fund include：Stock, stock
Refer to futures and cash；The information of the first parameter of target fund is read from valuation table；First parameter includes：It is each in target fund
The investment beginning and ending time of stock and stock price index futures, the income in time horizon of vestment, investment tactics method, input capital, are held position at net value
Data, name of product, Business Name.
The product summary table of target fund can be obtained according to the information of the first parameter, as shown in table 1.
1 product summary table of table
Meanwhile obtain some marketing datas in evaluation time section such as：P/e ratio, price value ratio, stock index, market income
Rate, stock index include：Upper card 50, Shanghai and Shenzhen 300, middle card 500 and middle card 800, according to the net value data and correlation of target fund
Stock index data can obtain both accumulated earnings trend graph in evaluation time section, as shown in Figure 1.
In addition, the second parameter of target fund is calculated by the first parameter；Second parameter includes：Yearization earning rate,
Scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios, stability bandwidth, maximum withdraw rate and CVaR；With the second ginseng
The definite ranking mode of number；Ranking mode includes：The ranking of earning capacity value, the ranking of performance persistence value, Risk Adjusted performance value row
Position, the ranking of air control ability value；Fund in target fund and database is compared by row according to ranking mode and the second parameter
Position obtains each ranking value that target fund corresponds to ranking mode；The 3rd of target fund is calculated by each ranking value
Parameter；3rd parameter includes：Earning capacity value, performance persistence value, Risk Adjusted performance value, air control ability value；By the 3rd ginseng
The ability radar map that number obtains target fund is as shown in Figure 2.
Wherein, the integration capability value of target fund can also be obtained according to above-mentioned 3rd parameter.Further, according to the 3rd ginseng
Several computational methods obtain the earning capacity value of all funds, performance persistence value, Risk Adjusted performance value, air control in database
Ability value sorts the fund in database with target fund according to the 3rd parameter from big to small, and the is obtained according to ordering scenario
The star value of three parameters；The ability star table of target fund is worth to by the star of the 3rd parameter, as shown in table 2.
2 ability star table of table
Meanwhile the investment beginning and ending time of target fund is obtained by valuation table；It is net in beginning and ending time and time horizon of vestment by investing
The earning rate of target fund is calculated in value sequence；Target fund is calculated by the earning rate and market return of target fund
Earning rate is to the linear function of market return linear regression；The intercept of linear function is assigned to Alpha values；By linear function
Slope is assigned to Beta values；Net value at the beginning of being subtracted by the last net value of target fund subtracts 1 and obtains section earning rate again；By target fund
Yield volatility calculates standard deviation, and year stability bandwidth is calculated in update cycle in the year number of combining target net fund value；By mesh
The maximum range of decrease of the mark net fund value in evaluation time section obtains maximum and withdraws；According to Alpha values, Beta values, section earning rate,
Yearization stability bandwidth, maximum withdraw to obtain the overall target table of target fund, as shown in table 3.
3 overall target table of table
In addition, marking off six revenue impact factors according to the revenue stream of target fund, the revenue impact factor includes：City
Field risks and assumptions, the style factor, the industry factor, the basis factor, the market value factor and Alpha；Target fund is obtained by valuation table
Data of holding position and net value obtain stock index and personal share data, by data and net value and the stock index and personal share data of holding position,
The monthly value of the value of the revenue impact factor and total revenue is monthly calculated in evaluation time section；By the revenue impact factor value and
The excess earnings analytical table for being worth to target fund of total revenue, as shown in table 4.
4 excess earnings analytical table of table
Further, by the value of the revenue impact factor and the value of total revenue in the full period Calculation Estimation period, by income
The value of impact factor and the excess earnings for the being worth to target fund analysis block diagram of total revenue, as shown in Figure 3.
Wherein, the situation of Profit according to target fund monthly with reference to the data of share of market index, can obtain target fund
Remaining sum benchmark index monthly section earning rate comparison block diagram, as shown in Figure 4.
Daily earning rate distribution map (as shown in Figure 5) and transaction profit or loss time can also be obtained by the earning rate data of target fund
Several daily profit and loss ratio pie charts (as shown in Figure 6).
It is as each stock acquired in the valuation table of target fund and the market value in stock price index futures each period and incomplete
The market value of stock to liquidate, and the market value of stock and stock price index futures market value are compared, position in storehouse analysis chart is obtained, as shown in Figure 7.
Assets sequential of holding position is obtained according to the data of cash assets in valuation table, portfolio, fund asset, guarantee fund
Figure, as shown in Figure 8.
The turnover rate of stock in target fund is calculated according to the data of holding position of valuation table, is put down including day turnover rate and the moon
Thus equal turnover rate respectively obtains day turnover rate figure (as shown in Figure 9) and monthly average turnover rate figure (as shown in Figure 10), above-mentioned stock
The average value that market value accounts for market value of stock ratio is bought in and sold to ticket turnover rate, that is, stock.
Meanwhile the marketing data by obtaining is counted per the market value of 10 big heavy storehouse bursts and preceding 20 big heavy storehouse burst a few days ago, is calculated
Their accounting, monthly calculates the average value of the numerical value, thus obtains share-holding concentration degree figure, as shown in figure 11.
Further, it is also possible to ten factors of more stock in target fund are obtained, according to more stocks of ten factor pairs
Genre classification is carried out, style includes：Growing, balanced type and value type；Ten factors include：It is expected that earnings per share and share price
Ratio, the ratio of expected net assets per share and share price, the ratio of expected per share main business income and share price, expected per share operation
Property cash flow, expected per share cash bonus, the history average growth rate of earnings per share, net assets per share history balanced growth
Rate, the history average growth rate of per share main business income, the history average growth rate of per share operational cash flow and stock stock
Valency；The stock for calculating three kinds of styles each accounts for the proportion of target fund；The market value accounting of IC, IF, IH in target fund are obtained, by
Market value accounting calculates benchmark, and genre classification is carried out to the stock in benchmark, calculates after genre classification all kinds of styles in benchmark
Stock accounts for the proportion of benchmark；The proportion that similar style in benchmark is subtracted with the proportion of all kinds of styles in target fund obtains such wind
The style deviation value of lattice stock；The style that target fund is worth to by style deviation deviates distribution map, as shown in figure 12.
The income of every stock in target fund is obtained from personal share closing price；Calculate each style stock in target fund
Income and total revenue, thus calculating the stock of all kinds of styles, each income accounts for the contribution proportion of target fund total revenue；It calculates
The respective income of the stock of growing in benchmark, balanced type and value type and the contribution proportion for each accounting for benchmark total revenue；With mesh
The contribution proportion of the stock of each style subtracts the contribution proportion of similar style in benchmark in mark fund, obtains the style of the type
Deviate contribution angle value；The style that target fund is worth to by style deviation contribution degree deviates contribution degree figure, as shown in figure 13.
According to Shen just in case grade professional museum carries out industry point to the stock in the stock and benchmark in target fund
Class, industry include：Textile garment, automobile, computer, communications and transportation, construction material, real estate, chemical industry, light industry manufacture, communication,
Medium, household electrical appliance, bank, food and drink and non-ferrous metal, totally 14 class industry；Calculate the stock of all kinds of industries in target fund
Account for the proportion of target fund；The stock of all kinds of industries accounts for the proportion of benchmark in calculating benchmark；With all kinds of industries in target fund
Proportion subtracts proportion of the same trade in benchmark and obtains industry deviation Distribution Value；Deviateed by industry and be distributed the row for being worth to target fund
Industry deviates distribution map, as shown in figure 14.
Income of the 14 class industries per class industry stock in target fund is calculated, and calculates every profession and trade stock yield and accounts for target base
The contribution proportion of golden total revenue；The respective income of 14 class industry stocks and every profession and trade stock yield account for benchmark and always receive in calculating benchmark
The contribution proportion of benefit；Contribution proportion of the same trade in benchmark is subtracted with the contribution proportion of all kinds of industry stocks in target fund, is obtained
Industry to such industry deviates contribution angle value；The industry for deviateing contribution angle value acquisition target fund by industry deviates contribution degree
Figure, as shown in figure 15.
Obtain the circulation value of each stock in target fund, with the ranking of circulation value to the stock in target fund and
The scale of stock is classified in benchmark, and scale includes：Deep bid, mid-game stock and shallow bid；Calculate all kinds of rule in target fund
Template strand ticket accounts for the proportion of target fund；All kinds of scale stocks account for the proportion of benchmark in calculating benchmark；With all kinds of rule in target fund
The proportion of the stock of mould, which subtracts, to be corresponded to the proportion of scale stock and obtains the market value deviation value of this kind of scale stock in benchmark；By market value
Deviate the market value deviation distribution map for being worth to target fund, as shown in figure 16.
The respective income of stock of three kinds of scales in target fund is calculated, and calculates each scale stock to account for target fund total
The contribution proportion of income；The respective income of the stock of three kinds of scales and each scale stock account for benchmark total revenue in calculating benchmark
Contribute proportion；The contribution proportion of similar scale stock in benchmark is subtracted with the contribution proportion of each scale stock in target fund, is obtained
Market value to this kind of scale stock deviates contribution angle value；The market value that target fund is worth to by market value deviation contribution degree deviates contribution
Degree figure, as shown in figure 17.
The day cash deposit data of tri- kinds of contracts of stock price index futures IF, IH, IC in target fund is read by valuation table；Calculate three kinds
The day guarantee fund of contract each accounts for the rate of specific gravity of the same day total guarantee fund；The stock price index futures contract that target fund is worth to by proportion is protected
The golden accumulation graph of card, as shown in figure 18.
By valuation table read target fund in stock price index futures three kinds of contracts of the end of each month market value of holding position；By market value of holding position
The end of term stock price index futures hoard situation table of target fund is obtained, as shown in table 5.
5 end of term of table stock price index futures hoard situation table
By it is external (such as：Ten thousand) obtain the daily data of stock price index futures and stock index data in target fund；By stock
Basis is calculated in the daily data and stock index data for referring to futures；Holding position for three kinds of stock price index futures contracts is obtained by valuation table
Market value calculates respective ratio, with reference to this ratio to basis weighted average year again, obtains target fund daily year
Income；The stock price index futures basis year earning rate trend graph of target fund is obtained by daily year earning rate, as shown in figure 19.
The expection of one annualized return of target fund is calculated according to situation of Profit of the target fund in evaluation time section, with
Inclined standard deviation weighs downside risks down, thus obtains the income situation of change table of target fund, as shown in table 6.
6 income situation of change table of table
The lower bound of VaR assets value drop-off ranges for confidence degree and under holding period, CVaR are to be sent out in the worst possibility
The expectation lost on the premise of life；It is assumed that the situation of the Return Distribution Normal Distribution of target fund, in 95% confidence
Under degree, the lower bound of 10 daily earning rate of target fund is calculated, obtains the value of " VaR95%, 10 days "；It is assumed that 10 daily earning rates are less than
During VaR, the expected rate of target fund is calculated, obtains the value of " CVaR95%, 10 days "；In conjunction with returning in valuation table
Data are removed, the risk situation of change table of target fund can be obtained, as shown in table 7.
7 risk situation of change table of table
Further, average return and the difference divided by standard deviation of risk free return, then carry out obtaining Sharpe Ratio in year；
Si Tuze indexes are the improvement to Sharpe Ratio, identical with Sharpe Ratio in the case of normal distribution, and Non-Gaussian Distribution
In the case of the High Order Moment of Return Distribution that considers；Average return and the difference of risk free return remove following inclined standard deviation, then
Yearization obtains Suo Tinuo ratios；Yearization earning rate divided by maximum withdraw rate and obtain card agate ratio；Omega ratios are the same as Sharpe Ratio one
Sample is the ratio of income and risk, and wherein income is the definite integral of (1-F), and lower limit of integral takes risk free return herein, integration
The upper limit is the earning rate upper bound, and risk is the definite integral of F, and lower limit of integral is the lower bound of earning rate, and upper limit of integral is risk free return
Rate, wherein F are the cumulative distribution function of earning rate；Product mixes to reach same marketing-mix with same with risk free assets
During risk level, the size that the income of hybrid combining is higher by market income obtains M squares of value；Information ratio is unit nonsystematic
The excess earnings that risk is obtained, is obtained by alpha divided by non-systematic risk.It is carried by above-mentioned Sharpe Ratio, Si Tuze indexes, rope
Promise ratio, card agate ratio, Omega values, M square values, information ratio obtain the risk income of target fund than situation of change table, such as
Shown in table 8.
8 risk income of table is than situation of change table
Under HM MODEL patterns, it is assumed that product is the superposition of following two functions to the response in market：Market it is linear
The linear function in market when function and market advancing does product with such function and obtains the constant of regression curve to the recurrence in market
Item is alpha, and p value is the p value that this is returned；Under TM MODEL patterns, it is assumed that product is the two of market to the response in market
Secondary function, it is alpha to do product to obtain the recurrence in market the constant term of regression curve with such curve, and p value is this recurrence
P value；Under CL MODEL patterns, it is assumed that product distinguishes the response in market in market off and market advancing linear
(and being overlapped when market return is equal to risk free return) is done the recurrence that product done to market with such curve and is returned
The constant term of curve is alpha, and p value is the p value that this is returned；Wherein, above-mentioned market refers to that market return is received with devoid of risk
The difference of beneficial rate, the said goods refer to product earning rate and the difference of risk free return.Finally, the alpha obtained according to model exists
The scoring of excess earnings power is obtained with the percentile in policy products.By Alpha values, the p value and super under above-mentioned various patterns
Volume earning capacity scores to obtain the excess earnings power situation table of target fund, as shown in table 9.
9 excess earnings power situation table of table
Fund evaluation method provided in an embodiment of the present invention, by analyzing the integrated treatment of valuation table and marketing data,
From Product Overview, overall merit, income analysis, transaction hold position style analysis, the risk exposure that liquidates, stock price index futures analysis, statistics
Totally seven broad aspect is analysed in credit, two parts is held position, detailed attribution has been done to the source of gross assets risk and return relationship between, and provided
Complete, comprehensive, reliable fund performance attribution report.
Embodiment 2
An embodiment of the present invention provides fund evaluating apparatus, and structure diagram is as shown in figure 20, the fund evaluating apparatus bag
Valuation table acquisition module 100 is included, for obtaining valuation table of the target fund in evaluation time section；The assets bag of target fund
It includes：Stock, stock price index futures and cash；Read module 110, for reading the information of the first parameter of target fund from valuation table；The
One parameter includes：Income and net value in time horizon of vestment；Computing module 120, for target fund to be calculated by the first parameter
Second parameter；Second parameter includes：Yearization earning rate, scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios
Rate, stability bandwidth, maximum withdraw rate and CVaR；In a manner that the second parameter determines ranking；Ranking mode includes：Earning capacity value is arranged
Position, the ranking of performance persistence value, the ranking of Risk Adjusted performance value, the ranking of air control ability value；According to ranking mode and the second parameter
Ranking is compared in fund in target fund and database, obtains each ranking that target fund corresponds to ranking mode
Value；The 3rd parameter of target fund is calculated by each ranking value；3rd parameter includes：Earning capacity value, performance persistence
Value, Risk Adjusted performance value, air control ability value；Evaluation module 130, for obtaining the ability radar of target fund by the 3rd parameter
Figure and/or integration capability value.
Fund evaluating apparatus provided in an embodiment of the present invention has identical with the fund evaluation method that above-described embodiment provides
Technical characteristic, so can also solve the technical issues of identical, reach identical technique effect.
Finally it should be noted that：Embodiment described above is only the specific embodiment of the present invention, to illustrate the present invention
Technical solution, rather than its limitations, protection scope of the present invention is not limited thereto, although with reference to the foregoing embodiments to this hair
It is bright to be described in detail, it will be understood by those of ordinary skill in the art that：Any one skilled in the art
In the technical scope disclosed by the present invention, can still modify to the technical solution recorded in previous embodiment or can be light
It is readily conceivable that variation or equivalent substitution is carried out to which part technical characteristic；And these modifications, variation or replacement, do not make
The essence of appropriate technical solution departs from the spirit and scope of technical solution of the embodiment of the present invention, should all cover the protection in the present invention
Within the scope of.Therefore, protection scope of the present invention described should be subject to the protection scope in claims.
Claims (10)
1. a kind of fund evaluation method, which is characterized in that including：
Obtain valuation table of the target fund in evaluation time section；The assets of the target fund include：Stock, stock price index futures with
Cash；
The information of first parameter of target fund is read from valuation table；First parameter includes：Income in time horizon of vestment and
Net value；
The second parameter of the target fund is calculated by first parameter；Second parameter includes：Yearization earning rate,
Scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios, stability bandwidth, maximum withdraw rate and CVaR；
In a manner that second parameter determines ranking；The ranking mode includes：The ranking of earning capacity value, performance persistence value row
Position, the ranking of Risk Adjusted performance value, the ranking of air control ability value；
Fund in the target fund and database is compared by ranking according to the ranking mode and second parameter,
Obtain each ranking value that the target fund corresponds to ranking mode；
The 3rd parameter of the target fund is calculated by each ranking value；3rd parameter includes：Earning capacity
Value, performance persistence value, Risk Adjusted performance value, air control ability value；
The ability radar map of the target fund and/or integration capability value are obtained by the 3rd parameter.
2. according to the method described in claim 1, it is characterized in that, the method further includes：
Computational methods according to the 3rd parameter obtain the earning capacity value of all funds, performance persistence in the database
Value, Risk Adjusted performance value, air control ability value, according to the 3rd parameter by the fund in the database and the target base
Gold sorts from big to small, and the star value of the 3rd parameter is obtained according to ordering scenario；It is worth by the star of the 3rd parameter
To the ability star table of the target fund.
3. according to the method described in claim 1, it is characterized in that, the method further includes：
The investment beginning and ending time of the target fund is obtained by the valuation table；
The earning rate of the target fund is calculated by the net value sequence in the investment beginning and ending time and the time horizon of vestment；
The target fund earning rate is calculated by the earning rate and market return of the target fund to receive the market
The linear function of beneficial rate linear regression；The intercept of the linear function is assigned to Alpha values；The slope of the linear function is assigned
Give Beta values；
Just net value is subtracted by the last net value of the target fund and obtains section earning rate；
Standard deviation is calculated by the yield volatility of the target fund, with reference to update cycle in the year number of the target fund net value
Year stability bandwidth is calculated；
Maximum is obtained by the maximum range of decrease of the target fund net value in the evaluation time section to withdraw；
It withdraws to obtain according to the Alpha values, the Beta values, the section earning rate, the year stability bandwidth, the maximum
The overall target table of the target fund.
4. according to the method described in claim 1, it is characterized in that, the method further includes：
Six revenue impact factors are marked off according to the revenue stream of the target fund, the revenue impact factor includes：City
Field risks and assumptions, the style factor, the industry factor, the basis factor, the market value factor and Alpha；
Hold position data and the net value of the target fund are obtained by the valuation table, stock index and personal share data are obtained, by institute
Hold position data and net value and the stock index and personal share data are stated, monthly institute is monthly calculated in the evaluation time section
State the value of the revenue impact factor and the value of total revenue；
By the value of the revenue impact factor and the excess earnings analytical table for being worth to the target fund of the total revenue；
The value of the revenue impact factor and the value of the total revenue in the evaluation time section are calculated by the full period, by described
The excess earnings for being worth to the target fund analysis block diagram of the value of the revenue impact factor and the total revenue.
5. according to the method described in claim 1, it is characterized in that, the method further includes：
Ten factors of more stock in the target fund are obtained, more stocks carry out according to described ten factor pairs
Genre classification, the style include：Growing, balanced type and value type；Described ten factors include：It is expected that earnings per share and stock
The ratio of valency, the ratio of expected net assets per share and share price, the ratio of expected per share main business income and share price, expection are per share
Operational cash flow, expected per share cash bonus, the history average growth rate of earnings per share, the history of net assets per share averagely increase
Long rate, the history average growth rate of per share main business income, the history average growth rate of per share operational cash flow and stock
Share price；
The stock for calculating three kinds of styles each accounts for the proportion of the target fund；
The market value accounting of IC, IF, IH in the target fund are obtained, benchmark is calculated by the market value accounting, to the benchmark
In stock carry out the genre classification, calculate after the genre classification that all kinds of style stocks account for the benchmark in the benchmark
Proportion；
The proportion that similar style in the benchmark is subtracted with the proportion of all kinds of styles in the target fund obtains such style stock
The style deviation value of ticket；
The style that the target fund is worth to by style deviation deviates distribution map；
The income of every stock in the target fund is obtained from personal share closing price；
The income and total revenue of the style stock of each in the target fund are calculated, thus calculates the stock of all kinds of styles
Respective income accounts for the contribution proportion of the target fund total revenue；
It calculates the respective income of the stock of growing, balanced type and value type described in the benchmark and to each account for the benchmark total
The contribution proportion of income；
The contribution proportion of similar style in the benchmark is subtracted with the contribution proportion of the stock of each style in the target fund,
The style for obtaining the type deviates contribution angle value；
The style that the target fund is worth to by style deviation contribution degree deviates contribution degree figure.
6. according to the method described in claim 1, it is characterized in that, the method further includes：
According to Shen just in case grade professional museum carries out industry point to the stock in the stock and benchmark in the target fund
Class, the industry include：Textile garment, automobile, computer, communications and transportation, construction material, real estate, chemical industry, light industry manufacture,
Communication, medium, household electrical appliance, bank, food and drink and non-ferrous metal, totally 14 class industry；
The stock for calculating all kinds of industries in the target fund accounts for the proportion of the target fund；
The stock for calculating all kinds of industries in the benchmark accounts for the proportion of the benchmark；
Proportion of the same trade in the benchmark is subtracted with the proportion of all kinds of industries in the target fund and obtains industry deviation distribution
Value；
Deviateed by the industry and be distributed the industry deviation distribution map for being worth to the target fund；
Income of the 14 class industries described in the target fund per class industry stock is calculated, and calculates every profession and trade stock yield and accounts for institute
State the contribution proportion of target fund total revenue；
It calculates the respective income of 14 class industry stocks described in the benchmark and every profession and trade stock yield accounts for the benchmark total revenue
Contribution proportion；
Contribution proportion of the same trade in the benchmark is subtracted with the contribution proportion of all kinds of industry stocks in the target fund, is obtained
The industry of such industry deviates contribution angle value；
The industry for deviateing the contribution angle value acquisition target fund by the industry deviates contribution degree figure.
7. according to the method described in claim 1, it is characterized in that, the method further includes：
The circulation value of each stock in the target fund is obtained, with the ranking of the circulation value in the target fund
The scale of stock is classified in stock and benchmark, and the scale includes：Deep bid, mid-game stock and shallow bid；
Calculate the proportion that all kinds of scale stocks in the target fund account for the target fund；
Calculate the proportion that all kinds of scale stocks in the benchmark account for the benchmark；
It is subtracted with the proportion of the stock of all kinds of scales in the target fund and the proportion of scale stock is corresponded in the benchmark obtains
The market value deviation value of this kind of scale stock；
The market value that the target fund is worth to by market value deviation deviates distribution map；
The respective income of stock of three kinds of scales in the target fund is calculated, and calculates each scale stock and accounts for the target base
The contribution proportion of golden total revenue；
The respective income of stock and each scale stock for calculating three kinds of scales described in the benchmark account for the benchmark total revenue
Contribution proportion；
The contribution proportion of similar scale stock in the benchmark is subtracted with the contribution proportion of each scale stock in the target fund,
The market value for obtaining this kind of scale stock deviates contribution angle value；
The market value that the target fund is worth to by market value deviation contribution degree deviates contribution degree figure.
8. according to the method described in claim 1, it is characterized in that, the method further includes：
The day cash deposit data of tri- kinds of contracts of stock price index futures IF, IH, IC in the target fund is read by the valuation table；
The day guarantee fund for calculating three kinds of contracts each accounts for the rate of specific gravity of the same day total guarantee fund；
Stock price index futures contract guarantee fund's accumulation graph of the target fund is worth to by the proportion.
9. according to the method described in claim 1, it is characterized in that, the method further includes：
The market value of holding position of three kind contracts of the stock price index futures in the end of each month in the target fund is read by the valuation table；
The end of term stock price index futures hoard situation table of the target fund is worth to by the city that holds position；
The daily data of stock price index futures and stock index data in the target fund are obtained by outside；By the daily data and
Basis is calculated in the stock index data；
The daily year earning rate of the target fund is calculated by the basis；
The stock price index futures basis year earning rate trend graph of the target fund is obtained by the daily year earning rate.
10. a kind of fund evaluating apparatus, which is characterized in that including：
Valuation table acquisition module, for obtaining valuation table of the target fund in evaluation time section；The assets of the target fund
Including：Stock, stock price index futures and cash；
Read module, for reading the information of first parameter of target fund from valuation table；First parameter includes：Investment
Income and net value in phase；
Computing module, for the second parameter of the target fund to be calculated by first parameter；The second parameter bag
It includes：Yearization earning rate, scan statistics, winning rate, Sharpe Ratio, card agate ratio, Suo Tinuo ratios, stability bandwidth, maximum withdraw rate
And CVaR；In a manner that second parameter determines ranking；The ranking mode includes：The ranking of earning capacity value, performance persistence
Value ranking, the ranking of Risk Adjusted performance value, the ranking of air control ability value；According to the ranking mode and second parameter by described in
Ranking is compared in fund in target fund and database, obtains each ranking that the target fund corresponds to ranking mode
Value；The 3rd parameter of the target fund is calculated by each ranking value；3rd parameter includes：Earning capacity
Value, performance persistence value, Risk Adjusted performance value, air control ability value；
Evaluation module, for obtaining the ability radar map of the target fund and/or integration capability value by the 3rd parameter.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CN201711372230.0A CN108090834A (en) | 2017-12-18 | 2017-12-18 | Fund evaluation method and device |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CN201711372230.0A CN108090834A (en) | 2017-12-18 | 2017-12-18 | Fund evaluation method and device |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| CN108090834A true CN108090834A (en) | 2018-05-29 |
Family
ID=62177234
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| CN201711372230.0A Pending CN108090834A (en) | 2017-12-18 | 2017-12-18 | Fund evaluation method and device |
Country Status (1)
| Country | Link |
|---|---|
| CN (1) | CN108090834A (en) |
Cited By (14)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN108846756A (en) * | 2018-06-29 | 2018-11-20 | 上海朝阳永续信息技术股份有限公司 | stock evaluation method and system |
| CN109255714A (en) * | 2018-08-27 | 2019-01-22 | 深圳市利讯互联网金融服务有限公司 | Machine learning fund optimum decision system and its preferred method |
| CN109272407A (en) * | 2018-09-13 | 2019-01-25 | 广发证券股份有限公司 | A kind of major class Asset Allocation class intelligence throwing Gu concentration degree control method |
| CN109285070A (en) * | 2018-08-22 | 2019-01-29 | 平安科技（深圳）有限公司 | Hold position method of adjustment and device, storage medium, the computer equipment of fund |
| CN109509107A (en) * | 2018-12-11 | 2019-03-22 | 泰康保险集团股份有限公司 | Account data processing method, device, electronic equipment and computer-readable medium |
| CN109711987A (en) * | 2018-12-07 | 2019-05-03 | 广州经传多赢投资咨询有限公司 | The method of stock trends and quotations Analysis of Policy Making |
| CN110443715A (en) * | 2019-06-27 | 2019-11-12 | 平安科技（深圳）有限公司 | Fund Products Show method, apparatus, equipment and computer readable storage medium |
| WO2020000693A1 (en) * | 2018-06-26 | 2020-01-02 | 平安科技（深圳）有限公司 | Fund product screening method and system, and computer device and storage medium |
| WO2020087791A1 (en) * | 2018-10-30 | 2020-05-07 | 平安科技（深圳）有限公司 | Fund information analysis method and apparatus, storage medium, and computer device |
| CN112150292A (en) * | 2020-09-27 | 2020-12-29 | 方雷(成都)科技有限公司 | Monitoring method, device and system for fund fixed account and storage medium |
| CN112464162A (en) * | 2020-11-25 | 2021-03-09 | 易方达基金管理有限公司 | Fund comparison method, apparatus, computer device and medium based on historical data |
| CN112765498A (en) * | 2021-01-14 | 2021-05-07 | 京东数字科技控股股份有限公司 | Information presentation method, information presentation apparatus, storage medium, and computer program product |
| CN114049044A (en) * | 2021-11-30 | 2022-02-15 | 中国建设银行股份有限公司 | Combined strategy evaluation method and device, electronic equipment and storage medium |
| CN115048176A (en) * | 2022-06-30 | 2022-09-13 | 深圳市富途网络科技有限公司 | Virtual resource data display method, device and equipment based on cloud computing |
-
2017
- 2017-12-18 CN CN201711372230.0A patent/CN108090834A/en active Pending
Cited By (15)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| WO2020000693A1 (en) * | 2018-06-26 | 2020-01-02 | 平安科技（深圳）有限公司 | Fund product screening method and system, and computer device and storage medium |
| CN108846756A (en) * | 2018-06-29 | 2018-11-20 | 上海朝阳永续信息技术股份有限公司 | stock evaluation method and system |
| CN109285070A (en) * | 2018-08-22 | 2019-01-29 | 平安科技（深圳）有限公司 | Hold position method of adjustment and device, storage medium, the computer equipment of fund |
| CN109255714A (en) * | 2018-08-27 | 2019-01-22 | 深圳市利讯互联网金融服务有限公司 | Machine learning fund optimum decision system and its preferred method |
| CN109272407A (en) * | 2018-09-13 | 2019-01-25 | 广发证券股份有限公司 | A kind of major class Asset Allocation class intelligence throwing Gu concentration degree control method |
| WO2020087791A1 (en) * | 2018-10-30 | 2020-05-07 | 平安科技（深圳）有限公司 | Fund information analysis method and apparatus, storage medium, and computer device |
| CN109711987A (en) * | 2018-12-07 | 2019-05-03 | 广州经传多赢投资咨询有限公司 | The method of stock trends and quotations Analysis of Policy Making |
| CN109509107A (en) * | 2018-12-11 | 2019-03-22 | 泰康保险集团股份有限公司 | Account data processing method, device, electronic equipment and computer-readable medium |
| CN110443715A (en) * | 2019-06-27 | 2019-11-12 | 平安科技（深圳）有限公司 | Fund Products Show method, apparatus, equipment and computer readable storage medium |
| CN110443715B (en) * | 2019-06-27 | 2023-06-06 | 平安科技（深圳）有限公司 | Fund product recommendation method, device, equipment and computer readable storage medium |
| CN112150292A (en) * | 2020-09-27 | 2020-12-29 | 方雷(成都)科技有限公司 | Monitoring method, device and system for fund fixed account and storage medium |
| CN112464162A (en) * | 2020-11-25 | 2021-03-09 | 易方达基金管理有限公司 | Fund comparison method, apparatus, computer device and medium based on historical data |
| CN112765498A (en) * | 2021-01-14 | 2021-05-07 | 京东数字科技控股股份有限公司 | Information presentation method, information presentation apparatus, storage medium, and computer program product |
| CN114049044A (en) * | 2021-11-30 | 2022-02-15 | 中国建设银行股份有限公司 | Combined strategy evaluation method and device, electronic equipment and storage medium |
| CN115048176A (en) * | 2022-06-30 | 2022-09-13 | 深圳市富途网络科技有限公司 | Virtual resource data display method, device and equipment based on cloud computing |
Similar Documents
| Publication | Publication Date | Title |
|---|---|---|
| CN108090834A (en) | Fund evaluation method and device | |
| Narang et al. | Stock portfolio selection using a new decision-making approach based on the integration of fuzzy CoCoSo with Heronian mean operator | |
| Cici et al. | Trading efficiency of fund families: Impact on fund performance and investment behavior | |
| Amenc et al. | Predictability in hedge fund returns (corrected) | |
| Hahn et al. | Value-based performance and risk management in supply chains: A robust optimization approach | |
| Chan et al. | On mutual fund investment styles | |
| CN109657894A (en) | Credit Risk Assessment of Enterprise method for early warning, device, equipment and storage medium | |
| Pendaraki et al. | On the construction of mutual fund portfolios: A multicriteria methodology and an application to the Greek market of equity mutual funds | |
| US20160140211A1 (en) | Segmentation and stratification of data entities in a database system | |
| Borgards et al. | The prevalence of price overreactions in the cryptocurrency market | |
| Henry et al. | 2018 Bitcoin Omnibus Survey: Awareness and Usage | |
| CN107895322A (en) | A kind of fund combination product is chosen and dynamic monitors the method and system of adjustment | |
| Du | Mean–variance portfolio optimization with deep learning based-forecasts for cointegrated stocks | |
| Wickramarachchi | Determinants of foreign direct investment (FDI) in developing countries: The case of Sri Lanka | |
| Grobys et al. | Man versus machine: on artificial intelligence and hedge funds performance | |
| Nikolov et al. | Testing dynamic agency theory via structural estimation | |
| Suppa-Aim | Mutual fund performance in emerging markets: the case of Thailand | |
| Chan et al. | An inside look into cryptocurrency exchanges | |
| US20030105695A1 (en) | Processing system for market efficiency value added | |
| Hwang et al. | Formulate stock trading strategies using DEA: a Taiwanese case | |
| Gupta et al. | Portfolio optimization with interval coefficients | |
| Bağcı et al. | The Symmetric and Asymmetric Algorithmic Trading Strategies for the Stablecoins | |
| Xu et al. | Research on the peer effect of firms’ export behavior | |
| Gonçalves et al. | Does the Investment Model Explain Value and Momentum Simultaneously? | |
| CN109934441A (en) | Growing/adult form enterprise the estimation method of one kind and valuation system |
Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| PB01 | Publication | ||
| PB01 | Publication | ||
| SE01 | Entry into force of request for substantive examination | ||
| SE01 | Entry into force of request for substantive examination | ||
| RJ01 | Rejection of invention patent application after publication | ||
| RJ01 | Rejection of invention patent application after publication |
Application publication date: 20180529 |