Capital asset pricing model是什么_2023年ACCA考试FM知识点
如果自己不努力，谁也给不了你想要的生活；梦想不会逃跑，逃跑的永远是自己。acca被称为“国际财会界的通行证”，含金量比较高。每年都有大量考生报名参加考试。今天为同学们整理了FM科目Capital asset pricing model(资本资产定价模型)相关知识点，正在备考的同学们来看看吧。
【内容导航】
Capital asset pricing model-资本资产定价模型
【知识点】
Capital asset pricing model-资本资产定价模型
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%.
不期待突如其来的好运，只愿付出的努力终有回报，愿每个认真努力的现在，会有一个水到渠成的未来。以上就是为大家整理的acca考试相关知识点，2023年6月acca考试在即，同学们要抓紧时间复习。
注：以上内容来自Echo老师FM精讲班第27讲
(本文为东奥会计在线原创文章，仅供考生学习使用，禁止任何形式的转载)
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