23周年

财税实务 高薪就业 学历教育
APP下载
APP下载新用户扫码下载
立享专属优惠
安卓版本:8.6.67 苹果版本:8.6.67
开发者:北京东大正保科技有限公司
应用涉及权限: 查看权限>
APP隐私政策: 查看政策>

"Alternative Investments":Risk value of alternative investment

来源: 正保会计网校 编辑:小鞠橘桔2021/03/22 10:12:12 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

The value at risk of an alternative investment is best described as the:

A、 probability of losing a fixed amount of money over a given time period.

B、 minimum amount of loss expected over a given time period at a given probability level.

C、 time period during which a fixed amount is lost at a given probability level.

Questions 2:

A measure that is most likely well suited to analyzing the performance of alternative investments that may exhibit negative skewness in returns is the:

A 、Sortino ratio.

B、 Sharpe ratio.

C 、safety-first measure.

View answer resolution
【Answer to question 1】B

【analysis】

B is correct. Value at risk is defined as the minimum amount of loss expected over a given time period at a given probability level.

A is incorrect. Value at risk is defined as the minimum amount of loss expected over a given time period at a given probability level.

C is incorrect. Value at risk is defined as the minimum amount of loss expected over a given time period at a given probability level.

【Answer to question 2】A

【analysis】

A is correct. The Sharpe ratio and the safety-first measure use standard deviation as the measure of risk, which ignores the negative skewness in returns. The Sortino ratio uses the downside deviation as the measure of risk, which will reflect negative skewness if present.

B is incorrect because the Sharpe ratio does not reflect negative skewness if present.

C is incorrect because the safety-first measure does not reflect negative skewness if present.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>

点击了解CFA无忧直达班>>

回到顶部
折叠
网站地图

Copyright©2000 - 2023 www.fawtography.com All Rights Reserved. 北京东大正保科技有限公司 版权所有

京ICP证030467号京ICP证030467号-1出版物经营许可证京公网安备 11010802023314号

正保会计网校

报考小助理

备考问题
扫码问老师