查询词典 implied meaning

We use the data from BHP company in 1995-2001 and calculate the implied volatility. By comparing the implied volatility calculated from actual option price and the assumed volatility in the model, it is found that Black-Scholes Model does underprice the Out-of-The-Money options and overprice the In-The-Money options because of the wrong assumption on the volatility.

本文选择了澳大利亚BHP公司1995年-2001年其中五年的数据，从实际期权价格中计算得到隐含波动率，并把其与Black-Scholes模型中的假设波动率进行比较，最后可以发现，Black-Scholes模型低估了虚值期权的价格，高估了实值期权的价格，与一般的研究结果恰好相反。

The major technique to get the information of structure of those free groups is to sudy the action of automorphisms on them. In this paper we show that every normal automorphism of a nontrivial free product of groups is inner as well. Traub[16] made a purely algebraic conjecture and showed that it implied Poincare"s Conjecture. He also showed that Poincare"s Conjecture implied this algebraic conjecture modulo another topological hypothesis.

在本文中我们给出任意两个非平凡群的自由积的每个正规自同构也是内自同构的；在文献[16]中，Traub给出了一个纯代数的猜想并证明了这个猜想蕴含着着庞加莱猜想的成立，并且作者也证明了在一个拓扑假设的前提下庞加莱猜想也同时蕴涵着猜想1是成立的，后来这个拓扑假设被Waldhausen([7])证明是成立的。

The study shows that implied skewness and the skewness of implied volatility both have close relationship with daily return.

隐含偏度、隐含波动率的偏度与每日汇率变化率有紧密的联系。

All this is merely tacitly implied , but it is quite definitely implied .

所有这些都是不言自明的，但确是真实存在的。

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This research used option-based structural model: Merton Model and the Implied Volatility Model which visualized an option on the firm's equity that expired before the debt mature was a compound option and was proposed by Hull, Nelken and White in 2004. Then compare the fitting and ranking ability in the model implied credit spread of the two structural model to the observed bond credit spread between corporate bond yield and bond yield in Taiwan's listed companies.

本研究运用选择权基础的信用风险模型：Merton(1974)模型与Hull， Nelken and White(2004)提出将个股选择权视为复合选择权的Implied Volatility模型，比较这两个结构式信用风险模型所计算出的隐含信用利差对台湾上市、柜公司之公司债殖利率与公债殖利率间实际的信用利差之配适能力与排序能力。

The empirical study in this article finds that all the implied volatility subsumes some information contained of the realized volatility, and the information contain of implied volatility is more than historical volatility.

本文的实证研究结果发现，所有的隐含波动度预测值皆包含未实现波动度一定程的资讯在内，资讯内涵也较历史波动度来的多。

Warden: That's a beautiful dog, but don't bring her again.

那是条漂亮的狗，但是不要再把她带来了。

You get up in the morning – no hangover!

你第二天早上起来的时候—不会宿醉！