[{"data":1,"prerenderedAt":43},["ShallowReactive",2],{"q-sec_sr_invest-114-3-049":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-114-3-049","114-3",49,"在投資組合績效評估中，崔納（Treynor）指標的計算方式為：",[13,14,15,16],"超額報酬／非系統風險","超額報酬／總風險","超額報酬／系統風險","超額報酬／無風險利率",2,"投資績效評估與資產配置",1,"(C) 對:崔納(Treynor)指標的計算方式為「投資組合超額報酬(組合報酬減無風險利率)除以系統風險 β」,衡量每承擔一單位系統性(市場)風險所獲得的超額報酬,適合評估已充分分散、非系統風險趨近於零的投資組合,故 (C) 正確。(B) 以總風險(標準差)為分母者是夏普(Sharpe)指標,衡量每單位總風險的超額報酬,兩者常被混淆,關鍵差別即分母採 β 或標準差;(A) 以非系統風險為分母、(D) 以無風險利率為分母,皆非崔納指標的定義,故正解為 (C)。","medium",[23,27,31,35,39],{"id":24,"question":25,"qno":26},"sec_sr_invest-114-3-048","有關經理人選股能力的敘述，何者正確？",41,{"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？",44,1787293958075]