Capital asset pricing model是什么_2022年ACCA考試FM知識點(diǎn)

來源：東奧會計(jì)在線責(zé)編：田彤2022-09-05 09:16:46

留一片空白，給以后濃墨重彩。acca被譽(yù)為“國際財(cái)會界的通行證”，含金量比較高。同學(xué)們?nèi)粝胍淮瓮ㄟ^ACCA考試，需要嚴(yán)格執(zhí)行學(xué)習(xí)計(jì)劃，鞏固基礎(chǔ)知識點(diǎn)。今天為同學(xué)們整理了Capital asset pricing model(資本資產(chǎn)定價(jià)模型)相關(guān)知識點(diǎn)，具體內(nèi)容如下。

【內(nèi)容導(dǎo)航】

Capital asset pricing model(資本資產(chǎn)定價(jià)模型)

【知識點(diǎn)】

Capital asset pricing model(資本資產(chǎn)定價(jià)模型)是什么

Beta factor

Beta factor is the measure of the systematic risk of a security relative to the average market portfolio. The higher the beta factor, the more sensitive the security is to systematic risk (the more volatile its returns in response to factors that affect market returns generally).

Beta factors
1	This is the measurement of systematic risk for the stock market as a whole.
0	This is the systematic risk for risk-free investments. Returns on risk-free investments are unaffected by market risk and variations in market returns.
Less than 1	Systematic risk is lower than for the market on average.
More than 1	Systematic risk is higher than for the market on average.

? For example, If β = 1, the market is up 10%, the portfolio is up 10%, the market is down 10%, and the portfolio is down 10%;

? if β = 1.1, the market is up 10%, the portfolio is up 11%, and the market is down 10%, the portfolio It will fall by 11%;

? if β = 0.9, the market will rise by 10%, the portfolio will rise by 9%, the market will fall by 10%, and the portfolio will fall by 9%.

ACCA考試FM知識點(diǎn)