tracking error

简明释义

跟踪误差

英英释义

例句

1.The fund's tracking error 跟踪误差 indicates how closely it follows the benchmark index.

该基金的跟踪误差 tracking error 表示它与基准指数的跟随程度。

2.Investors often look for funds with a tracking error 跟踪误差 of less than 2%.

投资者通常寻找跟踪误差 tracking error 小于2%的基金。

3.The tracking error 跟踪误差 can help assess the risk of an investment strategy.

跟踪误差 tracking error 可以帮助评估投资策略的风险。

4.A low tracking error 跟踪误差 suggests that the portfolio is well-managed.

低跟踪误差 tracking error 表明投资组合管理良好。

5.We need to analyze the tracking error 跟踪误差 over the past five years to understand performance consistency.

我们需要分析过去五年的跟踪误差 tracking error 以了解业绩的一致性。

作文

In the world of finance and investment, one of the critical concepts that investors need to understand is the tracking error. The term tracking error refers to the deviation between the performance of a portfolio and the performance of a benchmark index. It is a measure of how closely an investment portfolio follows the index to which it is compared. Investors often use this metric to assess the risk associated with actively managed funds versus passive index funds. A high tracking error indicates that the portfolio's returns are significantly different from the benchmark, which may suggest higher risk and potential for both greater gains and greater losses.To illustrate this concept, consider an investor who decides to invest in a mutual fund that aims to replicate the performance of the S&P 500 index. If the mutual fund achieves a return of 10% in a year while the S&P 500 returns 8%, the tracking error would be relatively low, indicating that the fund is closely following the index. Conversely, if the mutual fund returns 15% while the S&P 500 returns 5%, the tracking error is much higher, suggesting that the fund has deviated significantly from the benchmark.Understanding tracking error is essential for investors who want to make informed decisions. For instance, an investor might prefer a fund with a low tracking error if they are looking for stability and consistent performance relative to the market. On the other hand, an investor seeking higher returns may be willing to accept a higher tracking error as it may indicate that the fund manager is taking more active risks in pursuit of greater profits.Moreover, the tracking error can also serve as a tool for evaluating the effectiveness of a fund manager. A consistently high tracking error may prompt investors to question whether the manager is making sound investment decisions or simply taking unnecessary risks. Therefore, it is crucial for investors to analyze the tracking error alongside other performance metrics to gain a comprehensive understanding of their investments.In conclusion, the concept of tracking error plays a vital role in the investment landscape. It helps investors gauge the performance of their portfolios against benchmarks and make strategic decisions based on their risk tolerance and investment goals. By understanding the implications of tracking error, investors can better navigate the complexities of financial markets and enhance their chances of achieving desired investment outcomes.

在金融和投资的世界中，投资者需要理解的一个关键概念是跟踪误差。术语跟踪误差指的是投资组合表现与基准指数表现之间的偏差。它是衡量投资组合与其比较的指数之间紧密程度的指标。投资者通常使用这一指标来评估主动管理基金与被动指数基金之间的风险。高跟踪误差表明投资组合的回报与基准有显著不同，这可能意味着更高的风险以及潜在的更大收益和损失。为了说明这一概念，考虑一个决定投资于旨在复制标准普尔500指数表现的共同基金的投资者。如果该共同基金在一年内获得10%的回报，而标准普尔500的回报为8%，则跟踪误差相对较低，表明该基金紧密跟随该指数。相反，如果共同基金获得15%的回报，而标准普尔500获得5%的回报，则跟踪误差要高得多，这表明该基金与基准有显著偏离。理解跟踪误差对希望做出明智决策的投资者至关重要。例如，如果投资者寻求稳定和相对于市场的一致表现，他们可能更喜欢低跟踪误差的基金。另一方面，寻求更高回报的投资者可能愿意接受更高的跟踪误差，因为这可能表明基金经理正在采取更多主动风险以追求更大的利润。此外，跟踪误差还可以作为评估基金经理有效性的工具。持续的高跟踪误差可能促使投资者质疑经理是否做出了明智的投资决策，或者只是承担了不必要的风险。因此，投资者分析跟踪误差时，结合其他绩效指标至关重要，以全面了解他们的投资。总之，跟踪误差的概念在投资领域中发挥着重要作用。它帮助投资者评估其投资组合相对于基准的表现，并根据他们的风险承受能力和投资目标做出战略决策。通过理解跟踪误差的含义，投资者可以更好地应对金融市场的复杂性，提高实现期望投资结果的机会。