An Inquiry into Essential Attributes of Securities Investment Risks and its Quantitative Pattern Research
Mingtao Wang · 2003
Based on analysis of the basic concepts of current investment risk and securities investment risk, a definition with a more complete description of essential attribute is given for securities investment risk after a deep inquiry: likelihood of loss for investors or loss resulted from securities price fluctuation induced by indefinite factors under a certain objective condition and within some time. A new risk measurement quota is given from mathematic point of view on the basis of this definition. This quota gives an overall, scientific description of securities investment risk, which provides quite new a philosophy for measurement of securities investment risk in further conformity with science.