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2010-06-11
谢谢各位:
The Altman bankruptcy score;
book-to-market ratio;
Market beta;
the FF three factor model;
AMRT(缩写,请教啥意思);
dividend yield;
the Herfindahl index of sales;
SIC 3-digit;
market cap;
payout yield;
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2010-6-14 10:10:45
回复3#菠萝仔哦那皇冠制造机呢什么意思?都说三蛋是。
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2010-6-27 17:21:14
From my understanding, I give some explanations as below:-

1)The Altman bankruptcy score;
- one method Altman developed to determine the bankruptcy possibility of one company.
- as it uses several quantitative factors, it's very pupular in invesment fields.
2) book-to-market ratio;
-the book value of an asset /market value of an asset;
-Asset can be an enterprise or a financial asset;
In accounting, lots of Assets/Liabilities are recorded at historical cost. This ratio gives us more info.

3) Market beta;

4) the FF three factor model;
-Fama French Model
-an asset pricing model
-Similar to CAPM, but using more factors

5) AMRT(缩写,请教啥意思);
Don't know! Never met it before
6) dividend yield;
-Holding period yield= (purchase price+dividends-selling price)/purchase price
-Dividends yield=dividends/purchase price
-purchase price-selling price=capital gains

7) the Herfindahl index of sales;
- also known as HHI
- It mainly measures the industry concentration ratio, somewhat like four-enterprise concentration ratio
- Calculation= Square(market share of firm 1)+ Square(market share of firm 2)+....+Square(market share of firm N)
-Comments: as all firms in the industry are under consideration, it reflects the industry charactristics  better than 4-enterprise concentration ratio.

8) SIC 3-digit;
-It should be US's industry classification standard if my memory serves me well.
9) market cap;
-Market capitalization=market price of the share×Number of outstanding stocks

10) payout yield
it should be similar to dividens yield, I think.
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