Security market anomalies refer to the particular phenomenon in which the risk-adjusted returns to securities in mind exceed the expected values.
2
实证中发现CAPM对许多诸如规模效应、惯性效应等的市场异常现象无法作出解释。
Empirical evidences show that CAPM cannot explain such market anomalies as size effect and momentum effect.
3
金融市场是一个典型的复杂系统,其复杂现象主要体现在金融变量的复杂特性和市场异常现象两个方面。
Financial market is a typical complex system, and its complex phenomena found expressions in the complexity of financial variable and abnormal phenomena of market.