[{"data":1,"prerenderedAt":43},["ShallowReactive",2],{"q-sec_sr_invest-114-3-048":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_sr_invest","證券商高級業務員資格測驗——證券投資與財務分析(試卷「投資學」)","c12",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_sr_invest-114-3-048","115-2",41,"有關經理人選股能力的敘述，何者正確？",[13,14,15,16],"根據所研究的總體經濟，判斷股市進場時機","根據所研究的個別股票資訊，找出股價被低估的股票並加碼投資","經理人根據對未來景氣狀況的判斷，調整股債市投資部位","經理人採取被動式的管理方式，而可以擊敗大盤表現的能力",1,"投資績效評估與資產配置",2,"(B) 對。績效評估把經理人能力拆成「選股」與「擇時」兩類:選股能力是自下而上研究個別公司的基本面與資訊,找出價格偏離價值、被低估的個股並加碼,賺取個股的超額報酬。(A) 依總體經濟判斷股市進場時機、(C) 依景氣預測調整股債投資部位,都屬自上而下的擇時能力,調整的是組合的 β 而非個股權重;(D) 被動式管理旨在複製指數表現,本就不以擊敗大盤為目標,敘述自相矛盾。","medium",[23,27,31,35,39],{"id":24,"question":25,"qno":26},"sec_sr_invest-114-3-049","在投資組合績效評估中，崔納（Treynor）指標的計算方式為：",49,{"id":28,"question":29,"qno":30},"sec_sr_invest-115-1-029","有一投資組合過去 10 年的平均年報酬率為 12%，標準差為 50%，無風險利率為 4%，貝他係數為1.2，請試算其夏普指數為多少？",29,{"id":32,"question":33,"qno":34},"sec_sr_invest-115-1-047","當投資者判斷市場處於空頭行情時，以下哪項策略不適合？",47,{"id":36,"question":37,"qno":38},"sec_sr_invest-115-2-005","有一投資組合過去 10 年的平均年報酬率為 12%，標準差為 50%，無風險利率為 4%，貝它係數為 1.2，請試算其夏普指數為多少？",5,{"id":40,"question":41,"qno":42},"sec_sr_invest-115-2-044","當投資者判斷市場處於空頭行情時，不應採取下列何者策略？",44,1787293958055]