{"id":6096,"date":"2021-08-02T01:53:24","date_gmt":"2021-08-01T17:53:24","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=6096"},"modified":"2021-08-02T08:43:28","modified_gmt":"2021-08-02T00:43:28","slug":"%e6%8a%95%e8%b3%87%e6%8a%80%e5%b7%a7%e5%8c%af%e7%b8%bd1-mean-reversion","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2021\/08\/%e6%8a%95%e8%b3%87%e6%8a%80%e5%b7%a7%e5%8c%af%e7%b8%bd1-mean-reversion\/","title":{"rendered":"\u6295\u8cc7\u6280\u5de7\u532f\u7e3d#1 &#8211; mean reversion"},"content":{"rendered":"<h2><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u6295\u8cc7\u6280\u5de7\u532f\u7e3d#1 &#8211; mean reversion<\/span><\/strong><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9019\u500b\u7cfb\u5217\u662f\u532f\u7e3d\u4e00\u4e0b\u591a\u9805<span style=\"color: #04b2f2;\">\u9069\u7528\u65bc\u5f37\u7a4d\u91d1\u7684\u6295\u8cc7\u6280\u5de7<\/span>\u3002\u982d\u70ae\u662f\u5f88\u591a\u4eba\u77e5\u4f46\u5f88\u5c11\u4eba\u505a\u7684mean reversion\uff0c\u4e2d\u8b6f\u70ba<strong><span style=\"color: #04b2f2;\">\u300c\u5747\u503c\u56de\u6b78\u300d<\/span><\/strong>\u3002Mean \u662f<span style=\"color: #04b2f2;\">avergae \u5e73\u5747<\/span> \u7684\u610f\u601d\uff0c\u6240\u4ee5\u8b6f\u4f5c<strong><span style=\"color: #04b2f2;\">\u300c\u5747\u503c\u300d<\/span><\/strong>\uff0creversion \u6709\u8fd4\u56de\u7684\u610f\u601d\uff0c\u6240\u4ee5\u8b6f\u4f5c<span style=\"color: #04b2f2;\"><strong>\u300c\u56de\u6b78\u300d<\/strong><\/span>\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Mean reversion \u4e4b\u6240\u4ee5\u591a\u4eba\u77e5\uff0c\u662f\u56e0\u70ba\u5b83\u8207\u751f\u6d3b\u7d93\u9a57\u76f8\u8fd1\uff0c\u8207\u5927\u81ea\u7136\u898f\u5f8b\u76f8\u4f3c\u3002\u8209\u500b\u5927\u81ea\u7136\u7684\u4f8b\u5b50\uff0c\u5927\u5bb6\u5230\u78bc\u982d\u508d\u908a\uff0c\u6703\u767c\u73fe\u78bc\u982d\u6728\u6795\u4e0a\u5e03\u6eff\u6d77\u87ba\uff0c\u7576\u6d77\u6d6a\u4f86\u6642\uff0c\u6c34\u4f4d\u9ad8\uff0c\u5c31\u770b\u4e0d\u898b\u6d77\u87ba\uff1b\u4f46\u7576\u6d77\u6d6a\u53bb\u6642\uff0c\u6c34\u4f4d\u4f4e\uff0c\u5c31\u770b\u5230\u5f88\u591a\u6d77\u87ba\u3002\u6211\u5011\u4e0d\u80fd\u5e73\u975c\u98a8\u6d6a\uff0c\u4e0d\u80fd\u812b\u96e2\u6f6e\u6c50\uff0c\u4f46\u5f9e\u89c0\u5bdf\u6d77\u87ba\u65bc\u6728\u6795\u4e0a\u7684\u9ad8\u5ea6\uff0c\u53ef\u4ee5\u5927\u6982\u88fd\u8a02\u51fa\u4e00\u500b\u4e0d\u8b8a\u7684<span style=\"color: #04b2f2;\">\u6d77\u6c34\u6c34\u5e73<\/span>(mean <span style=\"color: #04b2f2;\">\u5747\u503c<\/span>) \uff0c\u7136\u5f8c\u8a8d\u70ba\u6d77\u6c34\u9ad8\u65bc\u6216\u4f4e\u65bc\u6c34\u5e73\u9762\u4e4b\u5f8c\uff0c\u4fbf\u6703<span style=\"color: #04b2f2;\">\u56de\u6b78<\/span>\u6c34\u5e73\u9762(reversion) \u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9019\u500b\u6c34\u5e73\u9762\u7576\u7136\u662f\u4eba\u985e\u865b\u69cb\uff0c\u4f46\u5f88\u6709\u7528\u3002\u65bc\u9999\u6e2f\uff0c\u6240\u6709\u5efa\u7bc9\u7269\u90fd\u662f\u6309Principal Datum \u4f86\u8a08\u7b97\u9ad8\u5ea6\uff0c\u9999\u6e2f\u7684Principal Datum \u5c31\u662f\u7dad\u591a\u5229\u4e9e\u6e2f\u7684\u6c34\u5e73\u9762\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9664\u4e86\u6c34\u5e73\u9762\u7684\u56de\u6b78\uff0c\u5730\u7403\u7684\u81ea\u8f49\u53ca\u516c\u8f49\u4f7f\u4eba\u88fd\u8a02\u51fa\u6642\u5206\u79d2\u53ca\u5e74\u6708\u65e5\uff0c\u9019\u4e9b\u90fd\u662f\u5747\u503c\u56de\u6b78\u7684\u5927\u81ea\u7136\u89c0\u5bdf\u53ca\u61c9\u7528\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7269\u50f9\u90fd\u5927\u6982\u76f8\u4f3c\uff0c\u4e2d\u570b\u7684\u7b2c\u4e00\u53f2\u66f8\u300c<span style=\"color: #04b2f2;\">\u53f2\u8a18<\/span>\u300d\u5167\u6709\u8a18\u8f09\u6f22\u4ee3\u4ee5\u524d\u7684\u9245\u5bcc\uff0c\u53f2\u8a18\u4f5c\u8005\u53f8\u99ac\u9077\u5f9e\u89c0\u5bdf\u9019\u4e9b\u9245\u5bcc\u7684\u751f\u5e73\u767c\u8ff9\u53f2\uff0c\u6b78\u7d0d\u51fa\u6f22\u4ee3\u4ee5\u524d\u7684\u7269\u50f9\u90fd\u6709 mean reversion \u7684\u7d50\u8ad6\uff0c\u898b<a href=\"https:\/\/www.mpfdiy.com\/2020\/02\/%e5%84%b2%e9%8c%a2%e5%a4%a7%e6%b3%95\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u524d\u6587<\/a>\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Mean reversion \u7684\u6295\u8cc7\u7b56\u7565\u6709<span style=\"color: #04b2f2;\">\u5169\u500b\u5047\u8a2d<\/span>\uff1a\u4e00\u662f\u8a8d\u70ba\u6709\u4e00\u500b\u300cmean <span style=\"color: #04b2f2;\">\u5747\u503c<\/span>\u300d\u7684\u50f9\u503c(value)\u00a0 \uff0c\u4e8c\u662f\u8a8d\u70ba\u504f\u96e2\u6b64\u300c\u5747\u503c\u300d\u7684\u5e02\u5834\u50f9\u683c(price) \u6703<span style=\"color: #04b2f2;\">\u56de\u6b78(<\/span>reverse) \u6b64\u5747\u503c\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u8fd1\u4ee3\u6240\u8b02\u7684<span style=\"color: #04b2f2;\">\u300c\u50f9\u503c\u6295\u8cc7\u300d<\/span>\uff0c\u4ea6\u662fmean reversion \u7684\u4e00\u985e\uff0c\u65b9\u6cd5\u662f\u7528\u4e00\u4e9b<span style=\"color: #04b2f2;\">\u6703\u8a08\u6578\u5b57<\/span>\u53bb\u8861\u91cf(\u6216\u865b\u69cb\u51fa) \u6295\u8cc7\u7269\u7684\u50f9\u503c(value) \uff0c\u7136\u5f8c\u4ee5\u5e02\u5834\u5be6\u969b\u7684\u50f9\u683c(price) \u8207\u6b64\u865b\u69cb\u50f9\u503c\u7684\u5dee\u7570\u4f86\u505a\u8cb7\u8ce3\u6c7a\u5b9a\uff0c\u5e02\u5834\u50f9\u683c\u4f4e\u65bc\u865b\u69cb\u50f9\u503c\u6642\u8cb7\u5165\uff0c\u53cd\u4e4b\u8ce3\u51fa\u3002\u4eba\u68c4\u6211\u53d6\uff0c\u4eba\u53d6\u6211\u8207\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9664\u4e86\u7528\u6703\u8a08\u8cc7\u6599\u4f86\u865b\u69cb\u50f9\u503c\u6c34\u5e73\u9762\uff0c\u9084\u53ef\u4ee5\u7528<a href=\"https:\/\/www.mpfdiy.com\/2017\/10\/%e8%82%a1%e7%a5%a8%e5%a4%a7%e5%b8%82%e8%88%88%e8%a1%b0%e8%88%87%e9%80%80%e4%bc%91%e9%87%91%e6%8f%90%e5%8f%96%e7%8e%871\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e02\u76c8\u7387<\/a>\u3001<a href=\"https:\/\/www.mpfdiy.com\/2020\/11\/%e7%94%a8%e6%81%92%e6%8c%87%e6%89%93%e6%95%97%e6%81%92%e6%8c%871-%e5%83%b9%e5%80%bc%e6%8a%95%e8%b3%87\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e02\u5e33\u7387<\/a>\u7b49\u4e00\u5927\u5806\u8ca1\u52d9\u6578\u64da\uff0c\u898b<a href=\"https:\/\/www.mpfdiy.com\/2020\/03\/%e7%9d%87%e6%81%af%e7%8e%87%e5%8f%8a%e5%b8%82%e7%9b%88%e7%8e%87%e8%b2%b7%e8%b3%a3%e6%b8%af%e8%82%a1%e5%9f%ba%e9%87%91%e7%9a%84%e6%8a%95%e8%b3%87%e6%96%b9%e6%b3%95\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u524d\u6587<\/a>\u53ca<a href=\"https:\/\/www.youtube.com\/channel\/UCILD-0TAHdlaD-9wxC5oqQA\/videos\" target=\"_blank\" rel=\"noopener noreferrer\">\u77ed\u7247<\/a>\u3002\u751a\u81f3\u4e4e\u5229\u7387\u5747\u503c\u3001\u901a\u8139\u7387\u53ca<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\">VIX\u7684\u5747\u503c<\/a>\uff0c\u7686\u53ef\u4ee5\u4f5c\u70bamean reversion \u7684\u7b56\u7565\u8cb7\u8ce3\u8003\u616e\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u672c\u7ad9\u53ca&lt;\u7a4d\u91d1\u5927\u53cd\u64ca&gt;\u7684<a href=\"https:\/\/www.mpfdiy.com\/2017\/07\/7%e6%8b%9b%e7%b4%b0%e7%af%803-%e5%83%b9%e5%80%bc%e5%b9%b3%e5%9d%87%e7%ad%96%e7%95%a5\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u7b2c\u56db\u62db\u300c\u50f9\u503c\u5e73\u5747\u300d\u7b56\u7565<\/a>\u5c31\u662f\u904b\u7528\u9019\u500b\u539f\u7406\uff0c\u5c24\u5176\u9069\u7528\u65bc\u5e02\u5834\u50f9\u683c(price) \u5927\u4e0a\u5927\u843d\u7684\u6295\u8cc7\u7269\u5982\u80a1\u7968\uff0c\u7b56\u7565\u7684\u6574\u9ad4\u56de\u5831\u6703\u6bd4\u8d77\u8cb7\u5165\u4e26\u6301\u6709\u9ad8\u4e00\u9ede\u9ede\uff0c\u540c\u6642\u6ce2\u5e45\u53ef\u4ee5\u5927\u5e45\u4e0b\u964d(<a href=\"https:\/\/www.mpfdiy.com\/2019\/07\/7%e6%8b%9b%e7%b4%b0%e7%af%806%ef%bc%8d%e5%b0%87%e7%ac%ac4%e6%8b%9b%e7%94%a8%e6%96%bc%e7%ac%ac567%e6%8b%9b\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u898b\u6b64<\/a>) \u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/07\/mean-reversion1.jpg?ssl=1\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6108 alignnone\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/07\/mean-reversion1.jpg?resize=675%2C350&#038;ssl=1\" alt=\" \" width=\"675\" height=\"350\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/07\/mean-reversion1.jpg?w=675&amp;ssl=1 675w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/07\/mean-reversion1.jpg?resize=300%2C156&amp;ssl=1 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u4e0d\u904e\uff0cMean revision \u7684\u5169\u500b\u5047\u8a2d(\u5747\u503c\u53ca\u56de\u6b78)\uff0c \u6b63\u6b63\u662f\u5176<strong><span style=\"color: #04b2f2;\">\u76f2\u9ede<\/span><\/strong>\u6240\u5728\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"color: #04b2f2;\">\u865b\u69cb\u7684\u5747\u503c<\/span><\/strong>\u4e0d\u662f\u4e00\u6210\u4e0d\u8b8a\u7684\uff0c\u4f8b\u5982\u5927\u5bb6\u8a8d\u70ba\u4e00\u5347<span style=\"color: #04b2f2;\">\u6c7d\u6cb9\u7684\u5747\u503c<\/span>\u662f\u591a\u5c11\uff1f\u5341\u5e74\u524d\u7684<span style=\"color: #04b2f2;\">\u9ec3\u91d1\u5747\u503c<\/span>\u8207\u73fe\u6642\u6709\u6c92\u6709\u5206\u5225\uff1f\u8ca8\u5e63<span style=\"color: #04b2f2;\">\u5229\u7387\u7684\u5747\u503c<\/span>\u662f\u591a\u5c11\uff1f\u4eba\u985e<a href=\"https:\/\/www.mpfdiy.com\/2017\/11\/%e7%a9%8d%e9%87%91%e6%96%b0%e8%81%9e18-%e9%a6%99%e6%b8%af%e4%ba%ba%e5%9d%87%e5%a3%bd%e5%91%bd\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u58fd\u547d<\/a>\u7684\u5747\u503c\u662f\u4e0d\u8b8a\u7684\u55ce\uff1f<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u53ef\u898b\uff0c\u300c\u5747\u503c\u300d\u9019\u500b\u865b\u69cb\u7684\u8a2d\u5b9a\u6709\u6642\u6548\u6027\uff0c\u300c\u5747\u503c\u300d\u65bc\u77ed\u6642\u671f\u53ef\u80fd\u6709\u6548\uff0c\u6642\u9593\u4e00\u9577\u4fbf\u5931\u6548\uff0c\u9700\u8981\u91cd\u4f30\u3002\u81f3\u65bc\u4f55\u8b02\u9577\u77ed\uff0c\u5c31\u8981\u8996\u4e4e\u6295\u8cc7\u7269\u50f9\u683c\u5347\u964d\u60c5\u6cc1\u800c\u5b9a\uff0c\u50f9\u503c\u6295\u8cc7\u4e0b\u7684<span style=\"color: #04b2f2;\">\u80a1\u7968\u50f9\u503c\uff0c\u5927\u6982\u534a\u5e74\u5c31\u8981\u6aa2\u8996\u4e00\u6b21\u3002<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"color: #04b2f2;\">Reversion<\/span> <\/strong>\u9019\u500b\u5047\u8a2d\u53c8\u662f\u5f88\u53d7\u8cea\u7591\uff0c\u820a\u5f0f\u8cc7\u7522\u5982\u7ce7\u98df\u5546\u54c1\uff0c\u53d7\u5927\u81ea\u7136\u5929\u6c23\u56db\u6642\u5f71\u97ff\u800c\u6709\u9ad8\u4f4e\u5faa\u74b0\u56de\u6b78\uff0c\u7b97\u662f\u5408\u7406\uff0c\u597d\u50cf\u51ac\u5929\u591a\u7528\u96fb\uff0c\u6691\u5047\u591a\u6d88\u8cbb\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u4e0d\u904e\uff0c\u8fd1\u4e16\u4ee3\u4eba\u985e\u6f38\u6f38\u812b\u96e2\u5927\u81ea\u7136\u800c\u751f\u6d3b\uff0c\u4f8b\u5982\u5df2\u7d93\u9010\u6f38\u5c11\u6642\u4ee4\u98df\u54c1\u3002\u800c\u7db2\u4e0a\u4e8b\u60c5\u66f4\u8207\u5927\u81ea\u7136\u812b\u920e\uff0c\u53c8\u4f8b\u5982\u7a76\u7adf<a href=\"https:\/\/www.mpfdiy.com\/2020\/08\/%e6%96%b0%e4%b8%96%e4%bb%a3%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> \u503c\u5e7e\u9322\uff1fMirror \u9ede\u89e3\u5481\u7d05\uff1f\u62b1\u6709\u820a\u5f0f\u5747\u503c\u601d\u7dad\u7684\u4eba\uff0c\u4fbf\u6703\u7528\u9ec3\u91d1\u4f5c\u57fa\u6e96(mean)\u00a0 \u8207bitcoin \u6bd4\u8f03\u9ad8\u4f4e\uff0c\u6703\u7528\u56db\u5927\u5929\u738b\u8207Mirror \u4f5c\u6bd4\u8f03\u3002\u8a8d\u70ba\u8207\u57fa\u6e96\u76f8\u5dee\u592a\u9060\u7684\uff0c\u5c31\u4e00\u5b9a\u6703\u51fa\u4e8b\uff0c\u6700\u7d42\u4e00\u5b9a\u6703\u56de\u6b78\u57fa\u6e96\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9019\u7a2e<strong><span style=\"color: #04b2f2;\">\u4e00\u5b9a\u6703\u56de\u6b78<\/span><\/strong>\u7684\u601d\u7dad\u5341\u5206\u5c01\u5efa\uff0c\u4ee5\u70ba\u7a69\u5b9a\u7684\u57fa\u6e96\u662f\u672c\u8cea\uff0c\u6ce2\u5e45\u662f\u81e8\u6642\uff1b\u771f\u4fc2sor9ly \uff0c\u5be6\u60c5\u662f : <span style=\"color: #04b2f2;\">\u6ce2\u5e45\u624d\u662f\u672c\u8cea\uff0c\u57fa\u6e96\u662f\u865b\u69cb\u51fa\u4f86\u7684\u3002<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u73fe\u66422021\u5e74\uff0c\u56de\u60f3\u5f88\u591a\u5e74\u524d\u5df2\u7d93\u6709\u4eba\u8aaa\u7f8e\u80a1\u5f88\u7672\uff0cPE \u5f88\u9ad8\uff1b\u9999\u6e2f\u6a13\u50f9\u5f88\u9ad8\uff0c\u812b\u96e2\u73fe\u5be6\u3002\u5982\u679c\u5e7e\u5e74\u524d\u6cbd\u7f8e\u80a1\u6216\u8005\u8ce3\u6e2f\u6a13\u8f49\u79df\u7b49\u5f85SARS \u50f9\uff0c\u73fe\u5728\u61c9\u8a72\u5f88\u60b2\u6158\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b46\u8005\u65bc\u672c\u7ad9\u6240\u5f37\u8abf\u7684<span style=\"color: #04b2f2;\">\u56de\u5831\u8207\u6ce2\u5e45<\/span>\uff0c\u90fd\u6709\u5747\u503c\u53ca\u56de\u6b78\u7684\u5047\u8a2d\uff0c\u4f8b\u5982\u5e74\u5747\u56de\u5831\u662f\u7528\u6b77\u53f2\u56de\u5831\u7684\u5e73\u5747\u503c\u4f86\u8a08\u7b97\uff0c<a href=\"https:\/\/www.mpfdiy.com\/2017\/12\/%e6%b3%a2%e5%b9%85%e8%88%87%e8%b7%8c%e5%b9%85%e7%9a%84%e9%97%9c%e4%bf%82\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u6700\u5927\u55ae\u5e74\u8dcc\u5e45<\/a>\u4ee5\u6ce2\u5e45\u53bb\u8003\u616e\u3002\u9019\u4e9b<span style=\"color: #04b2f2;\">\u56de\u5831\u8207\u6ce2\u5e45<\/span>\u6578\u5b57\u90fd<span style=\"color: #04b2f2;\">\u4e0d\u662f\u4e00\u6210\u4e0d\u8b8a<\/span>\uff0c\u5c24\u5176\u662f\u5e74\u5747\u56de\u5831\uff0c\u7b46\u8005\u7fd2\u6163\u4e00\u5e74\u6aa2\u8a0e\u4e00\u6b21\u7b56\u7565\u7684\u56de\u5831\u8207\u6ce2\u5e45\uff0c\u500b\u4eba\u6295\u8cc7\u5167\u7684\u50f9\u503c\u6295\u8cc7\u90fd\u662f\u7528\u65bc\u77ed\u671f(\u5e7e\u661f\u671f\u5167) \u7684\u7279\u6b8a\u64cd\u4f5c\uff0c\u4f8b\u59822020\u5e743\u81f34\u6708\u6642\u7684SPY \u53caIVV \u5957\u6225(\u898b<a href=\"https:\/\/www.mpfdiy.com\/2020\/04\/%e7%96%ab%e6%83%85%e4%b8%8b%e7%9a%84%e6%8a%95%e8%b3%87%e8%b3%ba%e8%9d%95\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u524d\u6587<\/a>) \u3002\u4ee5\u884d\u751f\u5de5\u5177\u6216ETF \u7684\u5e02\u50f9\uff0c\u8207\u5176\u57fa\u672c\u6295\u8cc7\u7269\u5e02\u50f9\u7684\u932f\u50f9\u4f5c\u70ba mean reversion \uff0c\u662f\u6548\u70ba\u53ef\u884c\u7684\u5957\u6225\u65b9\u5411\uff0c\u4f46\u6a5f\u6703\u53ca\u5e45\u5ea6\u5728\u98a8\u5e73\u6d6a\u975c\u7684\u6709\u6548\u5e02\u5834\u662f\u5341\u5206\u4e4b\u5c11\uff0c\u53ea\u6709\u50cf2020\u5e743\u81f34\u6708\uff0c\u6709\u6548\u5e02\u5834\u5931\u6548\u6642\uff0c\u5957\u6225\u6a5f\u6703\u624d\u6703\u51fa\u73fe\u3002\u6ce8\u610f<span style=\"color: #ff0000;\">\u4e0d\u8981\u65bc\u500b\u5225\u80a1\u7968\u9032\u884cmean reversion<\/span>\uff0c\u6700\u597d\u662f\u5927\u5e02\u53ca\u6307\u6578\u9019\u4e9b\u7531\u5168\u4e16\u754c\u63a8\u52d5\u53bb\u5747\u503c\u56de\u6b78\u7684\u6295\u8cc7\u7269\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u5e02\u5834\u5dee\u7570\u662f\u77ed\u671f\u7684\uff0c\u6642\u9593\u4e00\u9577\uff0c\u4eba\u5011\u7fd2\u6163\u4e86\uff0c\u5c31\u8b8a\u70ba\u5e38\u614b\uff0c\u539f\u56e0\u662f\u4eba\u70ba\u7684\u6295\u8cc7\u8cb7\u8ce3\uff0c\u6c92\u6709\u4e00\u7a2e\u7b56\u7565\u53ef\u4ee5\u5343\u79cb\u842c\u4e16\uff0c\u540c\u6a23\u6c92\u6709\u4e00\u7a2e\u6295\u8cc7\u7269\u53ef\u4ee5\u6c38\u9060\u6301\u6709\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u6240\u4ee5\uff0c\u8981\u826f\u597d\u5730\u53bb<span style=\"color: #04b2f2;\">\u57f7\u884cmean reversion<\/span> \uff0c\u662f\u8981\u61c2\u5f97\u89c0\u5bdf\u50f9\u683c\u6f32\u9000\uff0c\u6709\u81ea\u5df1\u500b\u4eba\u5fc3\u5f97(mean) \uff0c<span style=\"color: #04b2f2;\">\u6709\u6046\u5fc3\u53bb\u6371\u50f9\uff0c\u6709\u6c7a\u5fc3\u53bb\u6bba\u50f9<\/span>(reversion) \u3002<span style=\"color: #ff0000;\">Mean reversion<\/span><span style=\"color: #ff0000;\">\u7d55\u5c0d\u4e0d\u9069\u5408\u61f6\u4eba\u53ca\u8ddf\u98a8\u4eba\u4ed5<\/span>\uff0c\u56e0\u70ba\u4e0d\u80fd\u4f9d\u9760\u4ed6\u4eba\u5fc3\u5f97\uff0c<span style=\"color: #ff0000;\">\u4e0d\u80fd\u4e0d\u5192\u98a8\u96aa<\/span>\u3002\u5347\u8dcc\u6ce2\u5e45\u6108\u5927\u7684\u6295\u8cc7\u7269\uff0c\u6108\u662fmean reversion \u7b56\u7565\u7684\u5fc3\u982d\u597d\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u5f8c\u8a18<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u6709\u5572\u4eba\u8b1b\u7562\u83f2\u7279\u8a71\u9000\u6f6e\u5c31\u77e5\u908a\u5187\u8932\u7740\uff0c\u5982\u679c\u771f\u4fc2\u7562\u83f2\u7279\uff0c\u9000\u6f6e\u6642\u6b63\u662fmean reversion \u6216 value investing \u7684\u91cd\u8981\u6642\u6a5f\uff0c\u908a\u5ea6\u5f97\u9592\u7747\u5176\u4ed6\u4eba\u6709\u7121\u8932\u7740\uff0c\u7747\u4f4f\u53bb\u98df\u56de\u982d\u6d6a\u4ef2\u597d\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u5ef6\u4f38\u95b1\u8b80<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/indices.barclays\/IM\/21\/en\/indices\/static\/historic-cape.app\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 14pt;\">https:\/\/indices.barclays\/IM\/21\/en\/indices\/static\/historic-cape.app<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.cmcmarkets.com\/en-gb\/trading-guides\/mean-reversion\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 14pt;\">https:\/\/www.cmcmarkets.com\/en-gb\/trading-guides\/mean-reversion<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u6280\u5de7\u532f\u7e3d#1 &#8211; mean reversion &nbsp; \u9019\u500b\u7cfb\u5217\u662f\u532f\u7e3d\u4e00\u4e0b\u591a\u9805\u9069\u7528\u65bc\u5f37\u7a4d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6107,"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":[39,22,48,23,20],"class_list":["post-6096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-4","tag-buy-hold","tag-22","tag-48","tag-23","tag-20"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/07\/mean-reversion.jpg?fit=960%2C916&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-1Ak","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/6096","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=6096"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/6096\/revisions"}],"predecessor-version":[{"id":6114,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/6096\/revisions\/6114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/6107"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=6096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=6096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=6096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}