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很高兴见到你 · 2019年11月14日

问一道题:NO.PZ2015122801000043

问题如下:

An analyst has estimated a value of $60 for a stock with a market price of $50. The analyst is most likely to conclude that a stock is undervalued if

选项:

A.

the analyst has less confidence in his model inputs and few analysts follow the stock.

B.

the analyst is confident in his model inputs and few analysts follow the stock.

C.

the analyst is confident in his model inputs and many analysts follow the stock.

解释:

B is correct.

If the analyst is more confident of his input values, he is more likely to conclude that the security is undervalued. The market price is less likely correct when few analysts follow the security.

few analysts follow the stock为什么越少人分析师使用他估值还正确,B和C理解不来

1 个答案

maggie_品职助教 · 2019年11月15日


越少人follow的股票(越少人研究),越容易被错误定价。相反,如果越多人在研究的股票,价格低估早就被发现了,如果老早就有人开始买入,那么价格早就回归价值了。


小吕别吃了 · 2020年03月04日

few analysts follow the stock 越少分析师分析股票,不是证明它没有套利机会,即被高估了吗?但是题意说的是低估啊?

maggie_品职助教 · 2020年03月05日

不对啊,越少人分析,错误定价的机会越多。这和越多人淘宝宝贝越少是一个意思。高估或低估都是错误定价,只不过这道题举得是低估的例子。

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