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toffee · 2023年05月07日

关于这道题的几点疑问

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NO.PZ202110280100000301

问题如下:

Identify one difference between the trading features of Valley Ranch and North

Circle, as noted by Sailors, for each trade strategy selection criterion.

选项:

解释:

这道题有以下几点疑问:

1、对于每一条特征是不是只用写一点不同就可以,我看答案有的特征写了两点不同

2、对于市场条件的不同,我是从两者都出于downside情形下,bid ask spread的角度去分析,如果bid ask spread 大那就说明在市场不好的情形下,面临的流动性危机更大,

3、关于风险偏好与风险厌恶程度这个应该是说反了,我看也有人问了,解决了.

以下是我答题的内容,烦请老师点评下:谢谢

 



for order characteristics

Valley Ranch has a small size relative to North

Circlev in trade size, which may bring market impact. Valley Ranch uses long and short strategy to obtain alpha,whereas North

Circlev only uses long strategy.

for security characteristics

Valley Ranch invests equity and non-equity securities, whereas North Circlev only invests equity.

for market condition

when market experiences downside, Valley Ranch faces a moderate to wide bid ask spread,but lower than North Circlev's

for risk aversion

Valley Ranch has higher risk aversion due to low risk appetite than North Circlev's

1 个答案

pzqa015 · 2023年05月07日

嗨,努力学习的PZer你好:


这道题有以下几点疑问:

1、对于每一条特征是不是只用写一点不同就可以,我看答案有的特征写了两点不同

--

可以写一点,题目说了就找出一个不同。

2、对于市场条件的不同,我是从两者都出于downside情形下,bid ask spread的角度去分析,如果bid ask spread 大那就说明在市场不好的情形下,面临的流动性危机更大,

---

可以的

3、关于风险偏好与风险厌恶程度这个应该是说反了,我看也有人问了,解决了.


你的答案可以

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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