查询词典 thorn hedge

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。

Oneself reinforces action mood, thorn is used to attack from the enemy's the reverse side below effect impact, glissade thorn, double thorn, twinkling raids ungual · to ambush enemy of these a few attack that provoke type to be able to be obtained additional harm adds and additional cruel attack rate.

自身加强招式，效果影响下从敌人的背面使用刺击、滑步刺、双刺、瞬袭爪·伏击这几个招式攻击敌人会获得额外伤害附加和额外暴击率。

When the prince approached the thorn hedge, it was nothing but large, beautiful flowers that separated by themselves, allowing him to pass through without harm, but then behind him closed back into a hedge.

这天，时间正好过去了一百年，所以当王子来到树篱丛时，他看到的全是盛开着美丽花朵的灌木，他很轻松地就穿过了树篱。随着他在前面走，身后树篱又密密地合拢了。

When the prince approached the thorn hedge, it was nothing 8ttt8.com large, beautiful flowers that separated by themselves, allowing him to pass through without harm, 8ttt8.com then behind him closed back into a hedge.

这天，时间正好 Dddtt 过去了一百年，所以8ttt8当王子来到树篱丛时，他看到的全是盛开着美丽花朵的灌木，他很轻松地就穿过了树篱。随着他在前面走，身后树篱又密密地合拢了。

When the prince approached the thorn hedge, it was nothing but large, beautiful flowers that separated by themselves, allowing him to pass through without harm, but then behind him closed back into a hedge.

他走进王宫内，看见墙上的苍蝇在沉睡，厨房里的厨师向上举着手，似乎是要打那童工一耳光，一个女仆手里抓着一只黑母鸡准备拔毛。

When the prince reached the thorn hedge, it was nothing but large, beautiful flowers that separated by themselves, allowing him to pass through without harm, but then behind him closed back into a hedge.

随着他在前面走，身后树篱又密密地合拢了。

When the prince approached the thorn hedge, it was nothing but large, beautiful flowers that separated by themselves, allowing him to pass through without harm, but then behind him closed back into a hedge.

随着他在前面走，身后树篱又密密地合拢了。

Although translator has turned from being a crystal ball by which the original culture can unrestrainedly penetrate to another crystal ball by which the target culture can freely traverse, the translator's personal embodiment, in the process of cognitive act, are still absent in translation studies. Translators are still subjects without body or simply disembodied subjects.

译者虽然由原语文化可以自由穿透的玻璃球变成了译语文化可以自由穿越的玻璃球，但译者认知过程中的个体体验在翻译研究中依然缺席，译者依然仅仅是一个没有躯体体验的主体。

Chillingly, he claimed our technology is 'not nearly as sophisticated' as theirs and "had they been hostile", he warned 'we would be been gone by now'.

令人毛骨悚然的，他声称我们的技术是'并不那么复杂，像他们一样，和"如果他们敌意"，他警告说，'我们将现在已经过去了。