查询词典 hedge sparrow

Therefore the small house sparrow was very not convinced may not be able to discover any good method to for a while press under its tree to have a butcher to slice meat exactly the small house sparrow to the big house sparrow saying that you were not fierce that you have the original story to fly make the block meat from the butcher hand to come up the big house sparrow to smile say small KS, therefore a dive flew on the table to hold in the mouth a meat to fly the tree to be possible to grasp by the butcher butcher unusual vitality then to pull out all of a sudden the big house sparrow the wool, the big house sparrow only shouted HELP, the small house sparrow could not tolerate really flew all of a sudden to butcher's handAs soon as nipped a butcher hand to hurt then puts the big house sparrow the big house sparrow to go all out to fly the tree to come the small house sparrow saying that then does not boast I to rescue your you inadequately to be possible the big house sparrow to say exactly early who wanted you to rescue my me to prepare to remove completely clothes to do with him.

小麻雀很是不服气可一时又找不出什么好的法子要难为它恰好树下有一个屠夫正在切肉于是小麻雀就对大麻雀说你不是厉害吗那你有本事飞下去从屠夫手中弄块肉上来吗大麻雀笑笑说小KS，于是一个俯冲飞到桌上叼了一块肉就要飞上树可一下子被屠夫抓了个正着屠夫非常生气便一根一根地拔大麻雀的毛，大麻雀只呼HELP，小麻雀实在看不过去了一下子飞下去冲着屠夫的手就咬了一口屠夫手一疼便把大麻雀放了大麻雀拼命飞上树来小麻雀说这下不吹牛了吧要不是我救你你早活不成了可大麻雀说谁要你救我呀我正准备脱光了衣服跟他干呢。

Sparrow Any of various small New World finches of the family Emberizidae, having brownish or grayish plumage and including the song sparrow, white-throated sparrow, chipping sparrow, vesper sparrow, and other closely related species.

麻雀：任一种产于西半球的雀科的小雀鸣鸟，羽毛呈浅棕色或浅灰色，包括歌雀、白喉带、褐斑翅雀、黄昏雀和其他相近的种类

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

Meanwhile, the index futures hedge theory has also get a further development, which evolves from traditional hedge theory, the selectivity hedge theory and modern hedge theories. After analyzing the merits and shortcomings of the three theories, the paper mainly studies four minimum square hedge theory models, which are The traditional static OLS model, VECM model, one variable GARCH(1, 1) model and one variable GJR-GARCH(1, 1, 1) model. Established on September 8th in 2006, China Financial Futures Exchange initiated a new era of our country finance ramification-- index futures, opening a door for the China futures industry.

而股指期货的套期保值理论也随之得到长足发展，历经传统套期保值理论、选择性套期保值理论和现代套期保值理论，本文在分析三大理论优缺点的同时，着重研究现代套期保值理论即最小方差避险理论的四种模型：传统静态OLS模型、VECM模型、单变量GARCH(1，1)模型、单变量GJR—GARCH(1，1，1)模型。2006年9月8日，中国金融期货交易所的成立，掀开了我国金融衍生品种股指期货的新纪元，迎来了中国期货行业发展的机遇期。

Center is located at the vortex of the financial crisis in the hedge fund industry suffered heavy losses, at least 350 were out of funds (including hedge funds Peloton Partners in London's size 1.8 billion U.S. dollars of hedge fund ABS Fund, another total Department of the London-based hedge fund MKM Longboat Capital Advisors LLP has no choice but to shut down its 1.5 billion U.S. dollars of the multi-strategy fund).

中心是在对对冲基金行业的金融危机的旋涡中位于损失惨重，至少有350人进行资金（包括对冲基金在伦敦的尺寸1.8亿美元的对冲基金获取和惠益分享基金美元珀莱东伙伴另一位伦敦总部的对冲基金资本顾问威宝朗伯特事务所别无选择，只能关闭其15亿美元的多策略基金）。

The sand fixed hedge has been using at Taiwan's coastally, how is the best desing for different from angle between main hedge and wing hedge, it is still no results. In this study, there are two part of experiment that are field study and wind tunnel. The field study is analysis by BSNE sand sampler and multi-layer anemometer at Yuanli coastally, the wind tunnel experimental that study different length and angle of hedge.

中文摘要堆砂篱於台湾沿海虽已被广泛使用，然堆砂篱是否需要大面积全面铺设，才能获得最显著功效；主篱与翼篱之间夹角应如何规划，才能达到最佳化设计，至今尚无具体结果，为能深入探讨本研究分为现地及风洞试验，现地试验以苑里沿海为试区，架设BSNE垂直集砂器及多层风速计等进行观测；风洞试验则依翼篱长度与角度从事模型吹砂试验。

Distribution model ; Tree sparrow ; Cinnamon sparrow ; Russet sparrow ; Passer rutilans ; habitat selection

指导教授李培芬；中文关键字分布模式；山麻雀；麻雀；栖地选择

Second, if investment banks are buying or launching hedge funds, the sector itself is expanding into loan-making and private equity, and mutual funds are adopting hedge-fund techniques, is there any sense in talking of a separate hedge-fund industry any more?

其次，如果投行正购买或者发行对冲基金，对冲基金本身又将业务拓展到贷款和私募股权投资领域，而共同基金也在采用对冲基金的策略，那再谈论一个独立的对冲基金业还有什么意义呢？

These hedge instruments are fixed income security with an embedded credit default swap and can provide the hedge to issuers by the forgiving reference obligation and the issuer has no risk of nondelivery on the hedge.

此信用衍生性商品可视为固定收益证券与信用违约交换以组合而成。此避险工具可使发行者规避标的债权之风险，而且发行者能够将信用风险完全转移至票券持有人。

Finally,the study on the core of hedge research-i.e,the optimum hedge strategy can provide theoretic support in improvement of hedge efficiency and its application in investment practice.

最后，套期保值策略的最优化问题，也是套期保值研究中最核心的内容，这一课题的研究可以对提高套期保值效果，为套期保值在投资实务中的应用提供理论上的支撑。

But this is impossible, as long as it is engaging in a market economy, there are risks in any operation.

但是，这是不可能的，只要是搞市场经济，是有风险的任何行动。

We're on the same wavelength.

我们是同道中人。