NO.PZ2015122802000057
问题如下:
Which of the following index weighting methods requires the most frequent rebalancing?
选项:
A.Price weighting.
B.Equal weighting.
C.Market-capitalization weighting.
解释:
B is correct.
Changing market prices will cause weights that were initially equal to become unequal, thus requiring rebalancing.
考点:等权重指数的优缺点
等权重法假设每只股票买相同的金额,所以股价一变,权重就变了。股价通常变动很频繁,因此该方法需要调整至目标权重的频率最高。
这道题答案老师上课讲了,我不理解的是price-weighting 和 equal weighting,上课就没弄明白。
Price-weighted的权重变化是不是只有当市场上的股票少了时候?比如原来300个股,现在299股了,分母减少了,权重变大了?
假设市场上只有ABC三只股票
A:10元
B:15元
B:20元
那Equal weighting index请问怎么计算?
那如果是Price-weighting现在市场上价格多少?如果是equal-weighting现在价格多少?难道不都是(10+15+20)/3吗?这不是给每只股票1/3的等比例的权重了吗?不是很明白这俩区别?可以举个例子吗?
比如市场所有股票Price,难道不是等于w1*p1+w2*p2+w3*p3? equal weight权重一样,那不就是w1=w2=w3=33%吗?干嘛还想等金额,这点想不通。