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凤鸣朝阳兮 · 2020年05月13日

问一道题:NO.PZ2018062002000130

问题如下:

When inventors try to apply business cycle analysis to global industry, which of the following limitations would most likely to be true?

选项:

A.

There are low correlations of security returns between different world markets.

B.

There are some industries quite insensitive related to the business cycle.

C.

A global company can experience economic expansion in one part of the world while experiencing recession in another part.

解释:

C is correct.

One region of the world may experience recession while another region experiences expansion. This would affect the sales’ comparisons of companies around the world.

A和B为什么错?

1 个答案
已采纳答案

Debrah_品职答疑助手 · 2020年05月14日

同学你好,这道题目问的是用经济周期分析全球行业时的限制因素:

A和B选项都是说有的行业与世界经济的return相关性低,或者对于经济周期不敏感。这正是用经济周期进行行业分析时需要关注的,不是局限性。譬如现在整体经济高涨,就要通过经济周期分析选出cyclical industry;如果现在经济不景气,就要选择non-cyclical industry。

而对于C选项,对于全球投资来说,不同国家或地区处于经济周期的不同阶段,有的国家处于成长期,有的国家处于衰退期,因此这样一来,行业周期性分析就有局限性。