詹森指数

根据国内的现实情况，采用应用较为广泛、成熟的基金收益率、特雷诺指数、詹森指数、夏普指数对部分基金进行了评价。

Some of securities investment fund is evaluated by fund rate of return , Treynor Index , Jensen Index and Sharpe Index in this article .

旅游上市公司自愿性信息披露与净资产收益率、总资产周转率、营业收入增长率呈现正相关关系，与资产负债率和詹森指数呈现负相关关系。

Voluntary disclosure of tourism listed companies was positively correlated with Return on Equity , Turnover of Total Assets , Operating Income Growth Rate , and was negative correlated with Debt to Asset Ratio and Jensen Index .

业绩差的基金，基金费用率与基金的詹森指数Jp显著正相关；

But there is a positive correlation between the fund expense rate and the James index Jp for the fund of worse performance .

实证结果发现，业绩好的基金，基金费用率与基金的詹森指数Jp呈显著的负相关；

The results of empirical study suggest that for the fund of better performance , there is a negative correlation between the fund expense rate and the James index Jp ;

指出：詹森指数与权重基准是是目前比较适合我国现实的基金业绩评价方法与评价基准；

It prefers that the Johnson index and weight benchmark is more suitable to Chinese reality ;

研究结果表明，在超额收益率和詹森指数方面，正样本基金经理更换对业绩有负影响。

The results of the study show that : first , there is a negative effect on the fund performance when changing the fund manager of positive samples .

并引入传统上用于测量基金绩效的三大经典指标&詹森指数、夏普指数和特雷诺指数，优化处理投资组合模型。

And the paper introduced the the three classic index , Jansen index , Sharp index and the Treynor index which traditionally used for the measurement of fund performance , used to model for portfolio optimization .

然后，本文开展了进一步的分析，将净值收益经风险调整后，以詹森指数为衡量指标，得出所有基金的业绩劣于市场基准组合；

Then , further analysis is developed , after adjusting the risk of net value profit , based on the Johnson index , we find that the performance of all funds are lower than the combination level in the market .

开放式基金常用的风险收益评价指标有夏普指数、特雷诺指数和詹森指数，其中夏普指数采用标准差度量风险，特雷诺指数和詹森指数采用β系数度量风险。

The risk gains evaluation index which open founds uses consists of Sharpe Index , Treynor Index and Jensen Index , among which Sharpe Index uses standard difference as risk measurement , Treynor Index and Jensen Index use coefficient risk measurement .

证券投资基金业绩评价指标，国内常用单位净资产和投资收益率两种指标方法，国外一般用夏普指数、特雷诺指数和詹森指数作为评价标准。

As far as the evaluation index of investment fund earning is concerned , two methods are usually practiced at home : the net-asset-per-unit method and the investment-income-ratio method . In the mean time , Sharp Index , Treynor Index and Jensen Index are widely used abroad as evaluation standards .

本文介绍了国外三大经典基金业绩评价模型，即夏普业绩指数、特雷诺业绩指数、以及詹森业绩指数，并在此基础上探索得出适合我国基金市场现状的业绩评价方法&加权指数法。

This article introduces three foreign " classical " fund performance measurement models , including Sharp ratio , Treynor ratio and Jensen index . Based on that , it manages to explore the evaluation method which is suitable for current Chinese funds market situation , that is Weighted Index .