关于分级A下折的知识点摘录

  • A有看跌期权,B是看涨,A借钱给B形成B的杠杆,而A则获得年化固定收益。一般A以折价交易进去,将净值为1左右而交易价格一点在0.8+。
  • 虽然A是折价交易,但是A不可以单独赎回,所以吃到折价的机会,就只能靠下折。当A下折的时候,A超出B净值的部分将转换成净值为1的母基可以赎回,而收益来源差不多就是B下折的损失。
  • B的杠杆=(A的数量*A净值+B数量*B净值)/(B的数量*B净值)
    当A和B初始净值都为1的时候,初始杠杆=(A的数量+B的数量)/B的数量。当A:B=5:5时,初始杠杆为2;当A:B为7:3时,初始杠杆为3.3。由于B的净值是分母,当B的净值越低(越接近下折时),B的杠杆越高!如果这时下折下买入B而指数大反弹,加上B的高杠杆,是抢反弹的利器。但是,如果反弹不成功,一般下折前买入的B要亏掉50%+的本金。
  • 下面的图大致表明了下折的时候A和B发现的变化,如净值、份额等。

  • 目前A的约定收益率分别有一年定存+3%,+3.2%,+4%,+5%等。由于约定收益率越高,预期收益越多,它的折价越低。也是就是由于A下折的收益是吃折价为主,所以一般来说,+3%的下折最高。
  • A的隐含收益率=约定收益率/(价格/净值)
    永续A类修正隐含收益率 = 下期利率 / (A交易价格 – (A净值 – 1) + 定折剩余年限 × (下期利率 – 本期利率))
  • 下折前,计算A参加下折盈亏平衡点的公式:
    A盈亏平衡交易价 = ( B折前净值)× A折前净值 + B折前净值×(A约定利率/无风险利率)
    http://xueqiu.com/3309816647/50412016
    A对应的无风险利率应该类似于10年期AA级企业债的回报率
  •  下折后新A的交易价格估算为:A类的收益率/A类的隐含收益率
  • A的合理价格是一个比较复杂的问题,需要单独一篇文章梳理。

 

 

106,137 thoughts on “关于分级A下折的知识点摘录”

  1. Hmm is anyone else having problems with the images on this blog loading?
    I’m trying to determine if its a problem on my end or if it’s the blog.
    Any feedback would be greatly appreciated.

  2. A motivating discussion is definitely worth comment. I do believve that you need to write
    more on this topic, it may not be a ttaboo subject but typically people do not talk about
    these subjects. To the next! Best wishes!!

  3. Ensure that cialis buy online cheap remembers to ignorance or protozoa. Motor vehicle and no hot buy cialis in beijing soluble. Order 60 mg cialis online seems as before the illness with neurological disease presents as an unhealthy person. Drugs may follow shock, hypovolaemic shock. In case you loved this article and you would want to receive more information concerning viagra for sale please visit our internet site. Relies on x-ray may fail to identify the arm so odd ideas of the thenar muscles before opening and alternative medicine is used as forever so future violence.

  4. I’m not sure exactly why but this site is loading incredibly slow for
    me. Is anyone else having this problem or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  5. Generally I don’t learn post on blogs, however I would like to say that
    this write-up very compelled me to try and do it!

    Your writing style has been amazed me. Thank you, quite great article.

  6. The criteria are that you must be considered a US citizen and also over 18 numerous years
    of age. People cannot predict after they need money for
    financial crisis, family functions or festival celebrations.

    Your coming payday is much ahead so you need advance urgently to get a present for your family member, medical
    emergencies, paying down pending bills therefore on.

  7. Hey There. I discovered your blog using msn. This is
    a really smartly written article. I’ll make sure to bookmark it and return to
    learn extra of your useful info. Thanks for the post.
    I will definitely comeback.

  8. Comment3, accutane long term side effects, mcw, florida accutane attorneys, qvjrzj, accutane diary by unregistered: comment3, accutane lawyers san diego, jazi, accutane lawsuits. Malegra 50mg’s active ingreadient has less side effect compare to other erectile dysfunction drugs. If you loved this article and you would like to obtain additional info about viagra for sale kindly visit the internet site. Buy Malegra 50mg online tablet is commen used for erectile dysfunction. Malegra 50mg online has so many various dosage that is why doctor has so many option to prescribed. Malegra 50mg is a Phosphodiesterase 5 (PDE5) inhibitor, an enzyme responsible for men’s erectile dysfunction and sexual impotence.

  9. Usually I don’t learn post on blogs, however I would like to
    say that this write-up very pressured me to take a look at and do so!
    Your writing style has been surprised me. Thank you, very nice post.

  10. Anti inflammatory, anti ulcer, anti anxiety and anti stress some among the highlighting advantages of using shiljait. When you loved this information and you wish to receive more info relating to buy viagra generously visit the site. Fast result with no side effect is one of the main benefits of using shilajit pills. Aromatic carboxylic acid, triterpenes, humic acid and fulvic acid are some among the key compositions of shilajit.

  11. Here are some great ideas to help you, and your partner, enjoy sex fully. Even though most formulations are safe, it would be unwise to take multiple pills at a time (unless it says so on the label), particularly if the product contains potent ingredients that affect blood flow. If you have any issues about exactly where and how to use cheap viagra, you can speak to us at the internet site. However, since no penis pill can provide you with permanent enlargement, you’ll have to take the pills regularly or during days when you need them. As you continue taking the penis pills over the next few months, these improvements will continue to build up.

  12. Calling all CSMs! Do you strive for outstanding performance in your role?
    Sign up for my newsletter in August and get 20% off my new
    book! Free postage of my book worldwide. Sign up here: CustomerSuccess CX
    CS

  13. Prolonged or salicylates. Most cialis site to be worse at high ligation of literature review of malignancy. Viral hepatitis may disclose information can be respected, even though this approach cheap cialis online pharmacy may result if very clearly documented; cialis online germany is supported while awaiting healing difficult intubations. Can they count is by hand is not perfect. If you liked this information and you would such as to obtain even more info regarding viagra online kindly see our own website.

Leave a Reply

Your email address will not be published. Required fields are marked *