Which of the following best describes the basis for relative-value analysis?
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Relative value refers to the ranking of fixed-income investments by sectors, structures, issuers, and issues in terms of their expected performance during some future interval.
Which of the following is the major emphasis of the bottom-up approach of classic relative-value analysis? Identifying:
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Bottom-up approaches focus on security by security analyses in the attempt to find those individual issues expected to outperform others.
In the bond market, relative-value analysis refers to the:
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Relative-value analysis refers to several related methodologies used to rate and rank fixed-income securities.
Relative-value analysis refers to several related methodologies used to rate and rank fixed-income securities.
In classic relative-value analysis the top-down approach refers to:
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Large scale (i.e. macro) economic information concerns data such as inflation, interest rate changes, and the level and direction of the overall economy (both domestic and foreign). Top-down analysis seeks to allocate funds to those issues that would benefit the most from the expected large-scale economic changes/trends.
Large scale (i.e. macro) economic information concerns data such as inflation, interest rate changes, and the level and direction of the overall economy (both domestic and foreign). Top-down analysis seeks to allocate funds to those issues that would benefit the most from the expected large-scale economic changes/trends.
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