Capital asset pricing model是什么_2022年ACCA考試FM知識點
留一片空白，給以后濃墨重彩。acca被譽為“國際財會界的通行證”，含金量比較高。同學們若想一次通過ACCA考試，需要嚴格執(zhí)行學習計劃，鞏固基礎知識點。今天為同學們整理了Capital asset pricing model(資本資產定價模型)相關知識點， 具體內容如下。
【內容導航】
Capital asset pricing model(資本資產定價模型)
【知識點】
Capital asset pricing model(資本資產定價模型)是什么
Beta factor
Beta factor is the measure of the systematic risk of a security relative to the average market portfolio. The higher the beta factor, the more sensitive the security is to systematic risk (the more volatile its returns in response to factors that affect market returns generally).
Beta factors | |
1 | This is the measurement of systematic risk for the stock market as a whole. |
0 | This is the systematic risk for risk-free investments. Returns on risk-free investments are unaffected by market risk and variations in market returns. |
Less than 1 | Systematic risk is lower than for the market on average. |
More than 1 | Systematic risk is higher than for the market on average. |
? For example, If β = 1, the market is up 10%, the portfolio is up 10%, the market is down 10%, and the portfolio is down 10%;
? if β = 1.1, the market is up 10%, the portfolio is up 11%, and the market is down 10%, the portfolio It will fall by 11%;
? if β = 0.9, the market will rise by 10%, the portfolio will rise by 9%, the market will fall by 10%, and the portfolio will fall by 9%.
努力經營當下，直至未來明朗。以上就是為大家整理的ACCA考試相關知識點了，最后預祝大家通過acca考試。
注：以上內容來自Echo老師FM精講班第27講
(本文為東奧會計在線原創(chuàng)文章，僅供考生學習使用，禁止任何形式的轉載)
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