{"id":5784,"date":"2021-05-02T17:59:01","date_gmt":"2021-05-02T09:59:01","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=5784"},"modified":"2021-05-02T18:05:25","modified_gmt":"2021-05-02T10:05:25","slug":"%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8129-%e7%ac%ac10%e6%8b%9b%e7%b6%9c%e5%90%88%e9%85%8d%e7%bd%ae%e7%ad%96%e7%95%a5","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2021\/05\/%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8129-%e7%ac%ac10%e6%8b%9b%e7%b6%9c%e5%90%88%e9%85%8d%e7%bd%ae%e7%ad%96%e7%95%a5\/","title":{"rendered":"\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#29 \u2013 \u7b2c10\u62db\u7d9c\u5408\u914d\u7f6e\u7b56\u7565"},"content":{"rendered":"<h2><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#29 \u2013 \u7b2c10\u62db\u7d9c\u5408\u914d\u7f6e\u7b56\u7565<\/span><\/strong><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u5148\u898b<a href=\"https:\/\/www.mpfdiy.com\/2019\/01\/2018%e5%b9%b412%e6%9c%88%e4%bb%bd%e5%bc%b7%e7%a9%8d%e9%87%91%e5%9b%9e%e5%a0%b1%e8%a1%a8%e7%8f%be\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u524d\u6587<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b2c10\u62db\u7d93\u6b77\u4e86\u5169\u4e09\u5e74\u7b46\u8005\u7684\u767d\u8001\u9f20\u5f0f\u6e2c\u8a66\uff0c\u53c8\u7d93\u6b77\u4e86\u8fd1\u5e74\u4f86\u5927\u4e0a\u5927\u843d\u7684\u6295\u8cc7\u5e02\u5834\uff0c\u7b46\u8005\u8a8d\u70ba\u65bc\u5f37\u7a4d\u91d1\u904b\u7528\u662f\u5be6\u7528\u53ca\u53ef\u884c\uff0c\u65bc\u662f\u5728\u65b0\u7684\u7d93\u6fdf\u9031\u671f\u958b\u59cb\u4e4b\u521d\u8207\u5927\u5bb6\u5206\u4eab\u3002\u7b2c10\u62db(\u898b<a href=\"https:\/\/www.mpfdiy.com\/2019\/01\/2018%e5%b9%b4%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e6%aa%a2%e8%a8%8e\/\">2018\u5e74\u56de\u9867<\/a>)\u7684\u767c\u73fe\u5176\u5be6\u6709\u904b\u6c23\u6210\u4efd\uff0c\u8a71\u8aaa\u7b46\u8005\u90fd\u7d93\u5e38\u641c\u96c6\u4e0d\u540c\u7684TAA\u6295\u8cc7\u7b56\u7565\uff0c\u65e5\u5b50\u6709\u529f\u4e4b\u4e0b\uff0c\u5e02\u9762\u5927\u90e8\u5206\u7684TAA\u6295\u8cc7\u65b9\u6cd5\u90fd\u4e86\u7136\u65bc\u80f8\uff0c\u6108\u767c\u6398\u5f97\u4e45\uff0c\u6108\u96e3\u6709\u65b0TAA\u7b56\u7565\u88ab\u767c\u73fe\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/www.mpfdiy.com\/2017\/05\/%e4%bb%80%e9%ba%bc%e6%98%af%e5%84%aa%e7%a7%80%e7%9a%84%e8%b2%a1%e7%b6%93%e7%b6%b2%e7%ab%99\/\">\u4e4b\u524d<\/a>\u8ac7\u53ca\u7684\u7db2\u7ad9seeking alpha \u662f\u9ad8\u624b\u96f2\u96c6\u4e4b\u5730\uff0c\u4e0d\u540c\u7684\u6295\u8cc7\u7b56\u7565\u7531\u4e0d\u540c\u4eba\u4ed5\u767c\u8868\uff0c\u773c\u82b1\u7e5a\u4e82\uff0c\u4e0d\u5c11\u73cd\u73e0\u88ab\u79be\u7a08\u519a\u4f4f\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u4f8b\u5982<a href=\"https:\/\/papers.ssrn.com\/sol3\/cf_dev\/AbsByAuth.cfm?per_id=1935527\" target=\"_blank\" rel=\"noopener noreferrer\">Wouter J. Keller \u7684Asset Allocation \u7cfb\u5217<\/a>\u5c31\u662f\u597d\u5622\u5c11\u4eba\u6b23\u8cde\u4e4b\u4e00\u3002Keller \u662f\u8377\u862d\u7684\u5927\u5b78\u6559\u6388\uff0c\u7b46\u8005\u5e7e\u5e74\u524d\u5076\u723e\u8b80\u904eKeller \u7684\u6587\u7ae0\u53ca\u7b56\u7565\uff0c\u7576\u6642\u90fd\u4e0d\u4ee5\u70ba\u7136\uff0c\u4f46\u5f8c\u4f86\u9047\u5230\u7b56\u7565\u554f\u984c\u9700\u8981\u5c0b\u6c42\u7b54\u6848\u53bb\u89e3\u6c7a\u4e4b\u969b\uff0c\u5ffd\u7136\u60f3\u8d77Keller \u7684\u505a\u6cd5\uff0c\u65bc\u662f\u518d\u91cd\u65b0\u770b\u4e00\u6b21Keller \u7684\u4e00\u773e\u7b56\u7565\uff0c\u96d6\u7136\u7576\u4e2d\u7684\u5c11\u90e8\u5206\u64cd\u4f5c\u6709\u9ede\u5947\u602a\u53ca\u4e0d\u5e38\u898b\uff0c\u4f46\u6548\u679c\u537b\u662f\u51fa\u4e4e\u610f\u6599\u5730\u597d\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Keller \u8fd1\u5e74\u7684\u6295\u8cc7\u7b56\u7565\u6709\u4ee5\u4e0b\u5404\u6b3e\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Lazy Momentum with Growth-Trend timing: Resilient Asset Allocation <strong>(RAA)<\/strong><\/p>\n<p>Breadth Momentum and the Canary Universe: Defensive Asset Allocation <strong>(DAA)<\/strong><\/p>\n<p>Breadth Momentum and Vigilant Asset Allocation <strong>(VAA)<\/strong>: Winning More by Losing Less<\/p>\n<p>Protective Asset Allocation <strong>(PAA)<\/strong>: A Simple Momentum-Based Alternative for Term Deposits<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7db2\u7ad9 <a href=\"https:\/\/indexswingtrader.blogspot.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">TrendXplorer<\/a> \u53ca<a href=\"https:\/\/allocatesmartly.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Allocatesmartly<\/a>\u00a0\u5df2\u5c07\u4e4b\u5316\u6210\u6bcf\u6708\u8a0a\u865f\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/04\/DAA2.gif?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5793 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/04\/DAA2.gif?resize=720%2C512&#038;ssl=1\" alt=\" \" width=\"720\" height=\"512\" \/><\/a><\/p>\n<p>\u53e6\u898b<a href=\"https:\/\/www.mpfdiy.com\/%e7%9f%ad%e7%89%87%e9%8c%84%e5%83%8f\/\" target=\"_blank\" rel=\"noopener noreferrer\">BCT\u9280\u806f\u8b1b\u5ea7<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\">\u7b2c\u5341\u62db\u6e90\u81eaKeller \u7684VAA \u53caDAA<\/span> \uff0c\u7b46\u8005\u5c07\u64cd\u4f5c\u7d30\u7bc0\u6309\u5f37\u7a4d\u91d1\u7684\u7279\u6027\u4f5c\u51fa\u6539\u826f\uff0c\u6210\u70ba<span style=\"color: #04b2f2;\"><strong>\u7b2c\u5341\u62db\u7684\u300c\u7d9c\u5408\u914d\u7f6e\u7b56\u7565\u300d<\/strong>(\u898b\u4e0a\u5716)<\/span>\uff0c\u6240\u4ee5\u5927\u5bb6\u8981\u5148\u8b80<a href=\"https:\/\/papers.ssrn.com\/sol3\/cf_dev\/AbsByAuth.cfm?per_id=1935527\" target=\"_blank\" rel=\"noopener noreferrer\">\u539f\u6587<\/a>\uff0c\u7136\u5f8c\u518d\u770b\u4ee5\u4e0b\u7b46\u8005\u7684\u6539\u826f\u64cd\u4f5c\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u6539\u826f1. Risky and cash universes<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">DAA \u6709<a href=\"https:\/\/www.mpfdiy.com\/2021\/02\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf3-onof\/\" target=\"_blank\" rel=\"noopener noreferrer\">risk on \/ risk off<\/a> \u7684\u64cd\u4f5c\u8a2d\u5b9a\uff0crisk on \u6642\u6295\u8cc7\u65bc risky universe \uff0crisk off \u6642\u6295\u8cc7\u65bccash universe \u3002\u7b46\u8005\u65bc\u5f37\u7a4d\u91d1\u8a08\u5283\u5167\u7684risky universe \u662f\u4ee5\u80a1\u7968\u57fa\u91d1\u53ca\u80a1\u591a\u50b5\u5c11\u7684\u6df7\u5408\u8cc7\u7522\u57fa\u91d1\u70ba\u4e3b\uff0c\u5176\u9918\u80a1\u5c11\u50b5\u591a\u3001\u50b5\u5238\u3001\u4fdd\u5b88\u3001\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u5247\u5217\u5165cash universe \uff0c\u4e0d\u8003\u616e\u76ee\u6a19\u5e74\u671f\u57fa\u91d1\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u6539\u826f2. Risk on \/risk off \u5224\u65b7<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b46\u8005\u7684\u7b2c\u5341\u62db\u6cbf\u7528DAA \u7684canary \u8a2d\u5b9a\uff0c\u4ee5\u5169\u96bb\u5916\u9593ETF \u505arisk on \/ risk off \u5224\u5b9a\u57fa\u790e\uff0c\u4e0d\u904e\u7b46\u8005\u7684\u7b2c\u5341\u62db\u53ea\u6709\u5168risk on \u8207\u53ca\u5168risk off \u7684\u5224\u65b7\uff0c\u6c92\u6709\u50cfDAA \u5167\u4e00\u534a risk on \/\u4e00\u534a risk off \u7684\u4e2d\u9593\u8a2d\u5b9a\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u6539\u826f3. \u6301\u6709\u57fa\u91d1\u6578\u91cf<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u5224\u65b7\u4e86risk on \/ risk off \u4e4b\u5f8c\uff0c\u8981\u630913612W \u7684\u52d5\u529b\u8a08\u7b97\u53bb\u6392\u57fa\u91d1\u9078\u64c7\uff0c\u7b46\u8005\u7528\u512a\u5316Sharpe ratio \u53bb\u8003\u616e\u57fa\u91d1\u7684\u6301\u6709\u6578\u91cf\uff0c\u898b\u4e0b\u8868\u7684\u5c55\u793a\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/04\/DAA1.gif?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5792 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/04\/DAA1.gif?resize=634%2C234&#038;ssl=1\" alt=\" \" width=\"634\" height=\"234\" \/><\/a><\/p>\n<p>\u4ee5\u4e2d\u9280\u4fdd\u8aa0\u7c21\u6613\u70ba\u4f8b\u5b50<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u8c4e\u5411\u662frisky universe \u7684\u6301\u6709\u57fa\u91d1\u6578\u91cf\uff0c\u6a2a\u5411\u662fcash universe \u7684\u6301\u6709\u57fa\u91d1\u6578\u91cf\u3002\u4ee5\u4e0a\u8868\u70ba\u4f8b\uff0c\u6700\u512a\u5316\u7684Sharpe ratio = 2.9\uff0c\u5927\u6982\u5728cash universe \u70ba2\u96bb\u57fa\u91d1\u53carisky universe \u7684\u6301\u6709\u6578\u91cf\u75315 \u96bb\u81f38\u96bb\u3002\u5f9e\u4e0a\u8868\u7684\u7d50\u679c\u4f86\u770b\uff0c\u7b2c\u5341\u62db\u7684Sharpe ratio \u4e0d\u6703\u56e0\u6301\u6709\u57fa\u91d1\u7684\u6578\u91cf\u800c\u8b8a\u5316\u592a\u5927\uff0cnot sensitive to parameters \u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u6539\u826f4. Canary universe<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b46\u8005\u5617\u8a66\u904e\u4e0d\u7528canary universe\u5169\u96bb\u5916\u9593\u57fa\u91d1\u56de\u5831\u53bb\u505arisk on \/ risk off \u5224\u65b7\uff0c\u53cd\u800c\u50cfVAA \u822c\u7528risky universe \u5167\u6240\u6709\u57fa\u91d1\u53bb\u505arisk on \/ risk off \u5224\u65b7\uff0c\u6548\u679c\u6bd4DAA \u7684\u53ea\u5dee\u4e00\u9ede\u9ede\uff0c\u90fd\u662f\u503c\u5f97\u8003\u616e\u7684\u7c21\u5316\u64cd\u4f5c\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u7b2c\u5341\u62db\u7d50\u679c\uff1a<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; height: 176px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\">\u5e74\u5747\u56de\u5831\/\u6309\u6708\u6ce2\u5e45<\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\"><strong>\u7b2c10\u62db\u7d9c\u5408\u914d\u7f6e\u7b56\u7565<\/strong><\/span><\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u9280\u806f<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">9.98%\/3.25% = 3.07<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u6ed9\u8c50<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">10.74%\/3.54% = 3.03<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u4fe1\u5b89800<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">11.00%\/3.97% = 2.77<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u6c38\u660e\u5f69\u8679<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">12.53%\/3.59% = 3.49<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u5b89\u806f<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">12.45%\/3.71% = 3.35<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u5bcc\u9054<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">10.70%\/3.51% = 3.05<\/span><\/td>\n<\/tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 33.3333%; height: 22px;\"><span style=\"font-size: 14pt;\">\u4e2d\u9280\u4fdd\u8aa0\u7c21\u6613<\/span><\/td>\n<td style=\"width: 33.3333%; height: 22px; text-align: center;\"><span style=\"font-size: 14pt;\">9.04%\/3.03% = 2.98<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u75312004\u5e74\u81f32021\u5e743\u6708<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\"><strong>\u7b2c10\u62db\u7d9c\u5408\u914d\u7f6e\u7b56\u7565\u7684\u5e74\u5747\u56de\u5831\u670910%\uff0c\u6309\u6708\u6ce2\u5e453.5%\u5de6\u53f3\uff0c\u5e74\u5747\u56de\u5831\/\u6309\u6708\u6ce2\u5e45\u7684\u6bd4\u7387\u90543\u4ee5\u4e0a\uff0c\u7531\u958b\u59cb\u6253\u5de5\u81f3\u9000\u4f11\u524d\u5168\u671f\u7686\u53ef\u61c9\u7528\uff0c\u8868\u73fe\u5341\u5206\u5f37\u52c1\uff0c\u662f\u7b46\u8005\u6240\u898b\u65bc\u5f37\u7a4d\u91d1\u74b0\u5883\u8868\u73fe\u6700\u9802\u5c16\u7684TAA\u3002<\/strong><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u5c0f\u7d50\uff1a<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u812b\u96e2<a href=\"https:\/\/www.mpfdiy.com\/2021\/01\/2021%e5%b9%b4%e5%b1%95%e6%9c%9b%ef%bc%9a%e5%88%a5%e5%86%8d%e5%81%9a%e6%8a%95%e8%b3%87%e5%88%9d%e5%93%a5\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u6295\u8cc7\u521d\u54e5<\/a>\u5c31\u8981\u81ea\u5df1DIY \uff0c<\/span><span style=\"font-size: 14pt;\">\u5927\u5bb6\u6709\u80fd\u529b\u6309\u300c\u7a4d\u91d1\u5927\u53cd\u64ca\u300d\u53bb\u64cd\u4f5c7\u62db\u7684\u8a71\uff0c\u95b1\u8b80\u5b8cKeller \u7684\u6587\u7ae0\u3001<strong>\u5ef6\u4f38\u95b1\u8b80<\/strong>\u53ca\u672c\u6587\uff0c\u61c9\u8a72\u6709\u80fd\u529b\u81ea\u88fd\u7b2c\u5341\u62db\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u6c92\u6709DIY \u50be\u5411\u7684\uff0c\u552f\u6709\u7b49\u5f85<a href=\"http:\/\/www.MPFier.com\" target=\"_blank\" rel=\"noopener noreferrer\">MPFier<\/a> \u7684\u66f4\u65b0\u958b\u767c\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7167\u820a\uff0c\u5982\u6709\u56f0\u96e3\uff0c\u53ef\u96fb\u90f5excel file\u7d66\u7b46\u8005\u4ea4\u6d41\u4ea4\u6d41\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u5ef6\u4f38\u95b1\u8b80<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">TrendXplorer\u00a0 \u7684<a href=\"https:\/\/indexswingtrader.blogspot.com\/2017\/07\/breadth-momentum-and-vigilant-asset.html\" target=\"_blank\" rel=\"noopener noreferrer\">VAA<\/a> \u53ca <a href=\"https:\/\/indexswingtrader.blogspot.com\/2018\/07\/announcing-defensive-asset-allocation.html\" target=\"_blank\" rel=\"noopener noreferrer\">DAA<\/a> \u6587\u7ae0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9999\u6e2f\u66ab\u6642\u5514\u898b\u6709\u4eba\u8b1bKeller (\u5176\u5be6TAA\u90fd\u5187\u4eba\u8b1b)\uff0c\u4f46\u7b46\u8005\u7559\u610f\u5230\u97d3\u570b\u6709\u4eba\u8b1b\uff0c\u4ef2\u6709\u7247\u3001\u6709google sheet\u3001\u6709tradingview code\u3001\u6709app\u53bb\u505aVAA\uff0c\u898b\u4e0b\u5217\u5404\u77ed\u7247 \u3002\u9999\u6e2f\u4eba\u771f\u4fc2\u8981\u722d\u6c23\u4e0a\u9032\uff0c\u5514\u597d\u518d\u570d\u7210\u7528\u7d9c\u85dd\u5927\u96dc\u71f4\u74b0\u4fdd\u65b9\u5f0f\u53bbrepeat \u53c8repeat \u55f0\u5572\u81ea\u5df1\u90fd\u5514\u7528\u5605\u6295\u8cc7\u5fc3\u6cd5\u3001\u521d\u54e5\u9677\u9631\u3001\u7531\u7834\u7522\u5230\u8cb7\u6a13\u3001\u4e0b\u661f\u671f\u500b\u5e02\u9ede\u7747\u3001\u5462\u500bnumber\u4e0a\u671b\u5e7e\u591a\u7b49\u7b49\u5ee2\u6587\u5ee2\u7247\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\">\u5462\u4f4d\u4eba\u5144\u5572\u7247\u505a\u5f97\u5e7e\u597d (\u7b46\u8005\u7528youtube \u7ffb\u8b6f\u7747\u4ee5\u4e0b\u97d3\u6587\u7247)<\/span><\/p>\n<div class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"377. DAA \uc804\ub7b5, \ubcf5\ub9ac 22%, MDD 13%\uac00 \uc2e4\ud654\uc778\uac00!\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/2cNkblOxnFQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\">\u97d3\u4ed4\u7528Google Sheet \u505aVAA (\u5982\u679c\u5927\u5bb6\u7747\u5b8c\u4e4b\u5f8c\u5514\u90c1\u624b\u4f46\u60f3\u8981 file link\uff0c\u5c31\u8b49\u660e\u4ef2\u4fc2\u7529\u5514\u5230\u521d\u54e5\u55f0\u9663\u9664)<\/span><\/p>\n<div class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"VAA \ubc31\ud14c\uc2a4\ud2b8 (\ubd80\uc81c:17%\ub294 \uc774\uc81c \ud798\ub4e0 \ub4ef)\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/27fhtjXdSJo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\">\u53e6\u4e00\u97d3\u4ed4\u7528Tradingview \u5bebcode\u505aVAA (\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u9999\u6e2f\u5572KOL \u6559\u521d\u54e5\u7528Tradingview\u569f\u756b\u963b\u529b\u7dda\u3001\u9670\u967d\u71ed)<\/span><\/p>\n<div class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"[\ub3d9\uc801 \uc790\uc0b0 \ubc30\ubd84] VAA \ubc31\ud14c\uc2a4\ud2b8 (Vigilant Asset Allocation)\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/k39f-LPn9wQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\">\u53c8\u4e00\u97d3\u4ed4\u5bebAndriod App \u51faVAA \u7d50\u679c (\u7b46\u8005\u60f3\u60f3<a href=\"http:\/\/www.mpfier.com\" target=\"_blank\" rel=\"noopener noreferrer\">MPFier<\/a>\u90fd\u6709\u540c\u8def\u4eba\uff0c\u4e0d\u904e\u5514\u55ba\u9999\u6e2f)<\/span><\/p>\n<p>&nbsp;<\/p>\n<div class=\"jetpack-video-wrapper\"><iframe loading=\"lazy\" title=\"VAA Congressional App Challenge 2020\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/MdSP3GCcY5c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=io.github.petercpark.vaa\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">https:\/\/play.google.com\/store\/apps\/details?id=io.github.petercpark.vaa<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt; color: #ffffff;\">\u9999\u6e2f\u6295\u8cc7\u521d\u54e5\u5514\u6703\u4fc2\u8822\uff0c\u53ea\u4fc2\u61f6\u3002\u4e0d\u904e\uff0c\u8822\u540c\u57cb\u61f6\u5605\u6295\u8cc7\u7d50\u679c\u5f80\u5f80\u90fd\u4fc2\u4e00\u6a23\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#29 \u2013 \u7b2c10\u62db\u7d9c\u5408\u914d\u7f6e\u7b56\u7565 &nbsp; \u5148\u898b\u524d\u6587 &nbsp; \u7b2c10\u62db\u7d93\u6b77\u4e86\u5169\u4e09\u5e74\u7b46\u8005&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5794,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4],"tags":[14,54,30,13,22,48,40,23],"class_list":["post-5784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-4","tag-momentum","tag-position-sizing","tag-sharpe-ratio","tag-13","tag-22","tag-48","tag-40","tag-23"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/04\/DAA3.jpg?fit=510%2C370&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-1vi","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/comments?post=5784"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5784\/revisions"}],"predecessor-version":[{"id":5835,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5784\/revisions\/5835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/5794"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=5784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=5784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=5784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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