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中英文术语对照表
Accrual accounting 权责发生制会计
Acquisitions 收购
business 业务收购
share issuance for 为业务收购的股票发行
Active return 主动型收益
Alpha 阿尔法
of quintile returns 分位收益的alpha
Backtest Universe 回测选股范围
Banks 银行
Basics 基本因子
Bear markets 熊市
Beta 贝塔
Bias 偏差
Building blocks 组件因子
Bull markets 牛市
CAGR. See compound annual growth rate 参 compound annual growth rate
Capex. See capital expenditures 参 capital expenditures
Capital allocation 资产配置
price momentum strategies and 价格动量和资产配置策略
profitability strategies and 盈利和资产配置策略
red flags strategies and 危险信号和资产配置策略
valuation strategies and 估值和资产配置策略
Capital asset pricing modelCAPM，资本资产定价模型
Capital expenditurescapex，资本支出
Capital intensity 资本密集度
Capital investment coverage 资本投资覆盖度
Capital spending. See capital expenditures 资本消费，参 capital expenditures
CAPM. See capital asset pricing modelCAPM，参 capital asset pricing model
Cash basis accounting 现金收付制会计
Cash business acquisitions 现金业务收购
Cash conversion cycle 现金回笼周期
Cash flow 现金流
Cash flow statement 现金流量表
Cash return on equity 净资产现金回报率
Cashbasis accounting 现金收付制
Competitive advantage 竞争优势
Compound annual growth rateCAGR，复合年增长率
Compustat Compustat 数据库
Conservatism 保守主义
Cost of capital calculation 资本成本计算
Data mining 数据挖掘
Databases 数据库
Debt 债务
Debt longterm 长期债务
Debt longterm one-year reduction in 一年长期债务减少
Depreciation expense 折旧费用
Dividend to price/dividend yield 股息价格比，股息率
Earnings before interest and taxesEBIT，税息利润
Earnings per share（EPS）growth. See also earnings per share score 每股盈余增长，参见 earnings per share score
Earnings per share growth（EPS）estimate 盈利预测
Earnings per share（EPS）scoreEPS 得分
EBIT. See earnings before interest and taxes 参 earnings before interest and taxes
EBITDA. See earnings before interest taxes depreciation and amortization 参 earnings before interest taxes depreciation and amortization
Economic profits 经济利润
Economic value addedEVA，经济增加值
Efficiency improvements 有效性提高
Efficient market hypothesisEMH，有效市场理论
EMH. See efficient market hypothesis 参 efficient market hypothesis
Empiricism 实证主义
Enterprise value, EV 企业价值
Enterprise value（EV）to sales 企业价值比销售额
EPS. See Earnings per share growth 参 Earnings per share growth
Equal-weighted returns 等权重收益
Equity risk premium 权益风险溢价
Equity 权益
total common 总普通股权益
total shareholders' 总股东权益
EV. See enterprise value 参 enterprise value
EVA. See economic value added 参 economic value added
Excess returns 超额收益
Expectations investor 投资者预期
External financing to assets 外部融资比总资产
Fair value. See intrinsic value 公允价格，参 intrinsic value
FCF. See free cash flow 自由现金流，参 free cash flow
Financial Accounting Standards Board 金融会计标准委员会
Free cash flow, FCF. See also free cash flow per share score 自由现金流，同参见 free cash flow per share score
Fundamentals 基本面
GARP. See growth at a reasonable price 参 growth at a reasonable price
Generally accepted accounting principlesGAAP，一般公认会计原则
GICS. See Global Industry Classification Standard 参 Global Industry Classification Standard
Global Industry Classification Standard GICS,全球行业分类系统
Graphs in backtest summaries 回测图表
Greater fools theory of 博傻理论
Growth. See also free cash flow 成长性，同参 free cash flow
Growth at a reasonable priceGARP，价格合理的成长
Growth stocks 成长股
Holding periods portfolio 组合持有时间
Income statement 损益表
Index fund 指数基金
Industry groups list of 产业集群
Industry group neutral test 产业中性测试
Insider trading 内幕交易
Interest expense 利息费用
Intrinsic value 内在价格
Invested capital 投入资本
Investor sentiment 投资者情绪
Jobs and Growth Tax Relief Act and 就业增长税收救济法案
Largecap strategies 大盘股策略
Leverage 杠杆
Linked returns 链接收益
Longshort strategies 长短仓策略
LongTerm Capital ManagementLTCM 长期资本基金管理公司
Lookahead bias 预测偏差
LTCM. See Long Term Capital Management 参 LongTerm Capital Management
Maintenance capex 维护性支出
Management corporate 管理层
Margin of safety 安全边际
Market capitalization 市值
Market inefficiencies 市场无效性
Market value. See market capitalization 参 market capitalization
Matrix tests 矩阵测试
Maximum loss 最大损失，最大回撤
Megacap strategies 超大盘股策略
Microsoft Office Excel 微软办公表格
Midcap strategies 中盘股策略
Minority interest 少数股东权益
Momentum. See price momentum 参 price momentum
Monte Carlo simulation 蒙特卡洛模拟
Mosaic investment 投资马赛克
Multifactor model 多因子模型
Net debt reduction to invested capital and net share repurchase to invested capital 净债务减少比投入资本和净股份回购比投入资本
Net operating profit after taxNOPAT，税后净营业收入
Net share repurchase 净股份回购
Operating cash flow 经营性现金流
Operating income 营业收入
Outperformance evaluating 超额收益评价
Payout strategies and price momentum 高红利策略和价格动量
P/E. See price to earnings 参 price to earnings
Penny stocks 细价股
Point in Time database Point in Time 数据库
Portfolios 组合
PP & E. See property plant and equipment 参 property plant and equipment
Predictive strategies 预测性策略
Price to invested capital and cash ROIC 价格比投入资产和现金ROIC
Price momentum 价格动量
Price to earningsP/E 市盈率，P/E指标，价格盈利比
Price to salesP/S 市销率，价格比销售额，P/S指标
cash ROIC and in economics profits 现金ROIC和市销率在经济利润中的比较
Pricetobook value 市净率
Productivity 生产力
Profitability 盈利性
Property plant and equipment PP&E 不动产、厂房和设备
acquisitions capex to and EV to EBITDA 收购比投入资本，资本支出比PP&E和EV/EBITDA
acquisitions to invested capital and capex to收购比投入资本和资本支出比PP&E
capex to 资本支出比PP&E
capex to and week price range 资本支出比PP&E和周价格范围
capex to and ROIC 资本支出比PP&E和ROIC
capex to by sector 资本支出比PP&E分行业
capex to cash ROIC and price to sales 资本支出比PP&E，现金ROIC和市销率capex to EV to EBITDA and ROE资本支出比PP&E和EV/EBITDA和ROE
cash ROIC and capex to 现金ROIC和资本支出比PP&E
economic profits and capex to 经济利润和资本支出比PP&E
operating cash flow and 经营性现金流和PP&E
Qualitative analysis 定性分析
Quantitative analysis 定量分析
Quantitative risk management 定量风险管理
Quantitative screens threefactor 三因子定量选股
Quintile tests structure of 分位测试
Random Walk theory 随机游走理论
Rate of change 变化率
R&D. See research and development costs 参 research and development costs
Red flags 危险信号
Research and development（R&D）costs 研发成本
Residual value 剩余价值
Restatement of financial reports 财务报表重述
restatement bias 重述偏差
Return on assetsROA，总资产收益率
Return on capital employedROCE，已启用资本回报率
Return on equityROE，净资产回报率
Return on invested capitalROIC，投入资本回报率
Reversion to the mean 均值回复性
Risk 风险
ROA. See return on assets 参 return on assets
ROCE. See Return on capital employed 参 Return on capital employed
ROE. See return on equity 参 return on equity
ROIC. See Return on invested capital 参 Return on invested capital
RSI. See Relative Strength Index 参 Relative Strength Index
Sales. See enterprise value to sales; price to sales 参 enterprise value to sales或price to sales
Sales growth 销售额增长
Sales per share growth 每股销售额增长
Screens stock 选股
SEC. See Securities and Exchange Commission 参 Securities and Exchange Commission
Sector backtests 行业回测
Securities and Exchange CommissionSEC，美国证券交易委员会
Selling short. See shortsale strategies 卖空策略，参 shortsale strategies
Share issues 股份发行
Share repurchase. See also net share repurchase 股份回购，参 net share repurchase
Shareholder friendly 股东友好
Shareholder value 股东价值
Sharpe ratio 夏普比率
Shortsale strategies 卖空策略
Singlefactor backtests. See building blocks 单因子回测，参 building blocks
Slippage 流动性
Smallcap strategies 小市值策略
Spinoffs 分拆
Spread 价差
Standard & Poor's Compustat 标普 Compustat
Stock Reports 股票研究报告
Statistics 统计
Stocks 股票
drivers of 股票的驱动力
growth 股票成长性
intrinsic value of 股票内在价值
largecap 大市值股
megacap 超大市值股
midcap 中市值股
options 股票期权
performance principles underlying 股票表现的内在原因
screens 筛选股票
selection 选择股票
smallcap 小市值股
value 股票价值
Stock market 股票市场
bubble 股市泡沫
bull and bear markets 牛熊市场
efficiency and 市场有效性
fundamentals and 基本面和股市
map of 股市地图
minibear in 迷你熊市
price movements types of 股市价格变化类型
psychology and 股市中的心理因素
qualitative analysis and 股市定性分析
returns and 股市收益
timing 时机
valuation and 股市估值
The Stock Market Barometer 股市晴雨表
Supply/demand 需求关系
Survivorship bias 生存偏差
Sustainable competitive advantage 可持续竞争优势
Technical analysis 技术分析
Technical Analysis of the Financial Markets 金融市场技术分析
Threefactor tests 三因子测试
Tiger Management Corp. 老虎基金
Total debt 总债务
Total return ratio 总收益比率
Transaction costs 交易费用
Treasury stock 库存股
Triangulation 三角测量法
Twofactor strategies 双因子策略
Underperformance evaluating 负超额收益，输给市场
Velocity of price movement 价格变化速度
Venues data engineVenues 数据引擎
Volatility 波动率
Weighted average cost of capital 加权平均资产成本
Working capital 运营资本
Working capital efficiency 运营资本效率