可变利率投资组合股票价格
Ⅰ 为什么银行利率上调，股票价格会下跌啊
银行利率与股票价格成反比：
1、银行利率提高，贷款利率增加，导致企业成本增加，投资者预期企业的利润会下降，股票价格也会下跌。
2、银行利率提高，投资者会将部分股市资金流向银行，投资组合发生改变，导致股票下跌。
改革开放以来，中国人民银行加强了对利率手段的运用，通过调整利率水平与结构，改革利率管理体制，使利率逐渐成为一个重要杠杆。1993年5月和7月，中国人民银行针对当时经济过热、市场物价上涨幅度持续攀升的情况，两次提高了贷款利率。
这两次利率调整，与1994年以来出台的其他重大经济改革措施相配合，对抑制固定资产投资规模、控制通货膨胀，发挥了重要作用。
(1)可变利率投资组合股票价格扩展阅读：
贷款利率提高对证券市场来说，也包涵部分不利因素。
05年12月起劲的大牛市,成交量一直保持在200亿。场外资金的源源涌入是股市走牛的基础。尽管提高贷款利率对这部分资金影响不大,但对后续资金的介入无疑将提高成本。而对于已经到期的短期拆借资金来说,他们成本的提高。
另外，贷款利率上调,可以抑制投资需求,使投资放慢、投资品价格下降。
这样一来，社会经济活动放慢,包括上市公司在内的企业在竞争激烈的环境中,利润空间受到压缩。直接反映到二级市场上,则导致市场对投资回报预期降低,转而抛售股票,从而使股价下跌但投资者对不同的行业态度不同。
Ⅱ 简述利率与股票价格之间的关系以及传导机制
投资不但要考虑风险还要考虑收益
通俗的讲利率升高，一部分人会选择把钱存银行，（因为风险小）投资股票的资金变少
股票下跌 相反利率降低，一部分人就会选择投资，其中会有人投资股票，投资股票资金增多，股票价格就会上涨
Ⅲ 请问：投资组合的收益率与股票的数量有什么关系可分散风险可否得到相应的风险溢价
投资组合的收益率:指一个投资组合的加权平均收益率。如购买10支股票，组合的收益率=总的收益/总的投资
你购买的不同股票数量不同，价格大数量多的股票权重就大。
比如购买2只股票，A股票10000股，价格8元，B股票数量5000股，价格4元。那么A股票的权重就是8*10000/（8*10000+4*5000）=80%，A股票的涨跌对总收益率的影响就是80%了。
分散风险不能得到相应的风险溢价。
风险和收益总是相伴而生的。高风险高收益，低风险低收益。
分散风险只是说尽量避免高风险高收益，寻求风险和收益的均衡
希望可以帮助你更好的理解
Ⅳ 利率变动是如何通过投资者对股价产生影响的
当利率上升时，无风险利率即银行存款利率提高，投资者部分资金流入银行，对股价偏空。
当利率下调时，无风险利率即银行存款利率降低，投资者部分银行存款流入股市，对股价偏多。
Ⅳ 急急急！！！利率变动对股市影响的数学公式（数学模型也可以）
没有公式，你看下面的信息自己做一个正反比例的模型，然后倒入这几年的经济数据拟合吧！！
（参考资料，英文中文都有）
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一般理论上来说,利率下降时,股票的价格就上涨；利率上升时,股票的价格就会下跌。因此,利率的高低以及利率同股票市场的关系,也成为股票投资者据以买进和卖出股票的重要依据。
利率对于股票的影响可以分成三种途径:
一是利率变动造成的资产组合替代效应,利率变动通过影响存款收益率,投资者就会对股票和储蓄以及债券之间做出选择,实现资本的保值增值。
通过资产重新组合进而影响资金流向和流量,最终必然会影响到股票市场的资金供求和股票价格。利率上升,一部分资金可能从股市转而投向银行储蓄和债券,从而会减少市场上的资金供应量,减少股票需求,股票价格下降；反之,利率下降,股票市场资金供应增加,股票价格将上升。
二是利率对上市公司经营的影响,进而影响公司未来的估值水平。
贷款利率提高会加重企业利息负担,从而减少企业的盈利,进而减少企业的股票分红派息,受利率的提高和股票分红派息降低的双重影响,股票价格必然会下降。相反,贷款利率下调将减轻企业利息负担,降低企业生产经营成本,提高企业盈利能力,使企业可以增加股票的分红派息。受利率的降低和股票分红派息增加的双重影响,股票价格将大幅上升。
三是利率变动对股票内在价值的影响。
股票资产的内在价值是由资产在未来时期中所接受的现金流决定的,股票的内在价值与一定风险下的贴现率呈反比关系,如果将银行间拆借、银行间债券与证券交易所的债券回购利率作为参考的贴现率,则贴现率的上扬必然导致股票内在价值的降低,从而也会使股票价格相应下降。股指的变化与市场的贴现率呈现反向变化,贴现率上升,股票的内在价值下降,股指将下降；反之,贴现率下降,股价指数上升。
以上的传导途径应该是较长的一个时期才能体现出来的,利率调整与股价变动之间通常有一个时滞效应,因为利率下调首先引起储蓄分流,增加股市的资金供给,更多的资金追逐同样多的股票,才能引起股价上涨,利率下调到股价上涨之间有一个过程。如我国央行自1996年5月以来的八次下调存款利率,到2002年1年期定期储蓄存款的实际收益率只有1.58%。在股票价格在较长时间内持续上涨的情况下,股票投资的收益率远远高于存款的报酬率,一部分储蓄存款转化为股票投资,从而加快了储蓄分流的步伐。从我国居民储蓄存款增长率来看,1994年居民储蓄存款增长率45.6%,之后增幅连年下滑,而同一时期股票市场发展迅速,1999年下半年开始储蓄分流明显加快,到2000年分流达到顶点,同年我国居民储蓄存款增长率仅为7.9%。这一年股票市场也牛气冲天。2001年储蓄分流则明显减缓,增长率14.7%,居民储蓄倾向增强。2001年股市波动性加大,股价持续几个月的大幅回调,则是2001年储蓄分流减缓、居民储蓄存款大幅增加的主要原因之一。
另外,利率对于企业的经营成本影响同样需要一个生产和销售的资本运转过程,短时间内,难以体现出来。因此,利率和股票市场的相关性要从长期来把握。
实际上,就中长期而言,利率升降和股市的涨跌也并不是简单的负相关关系。就是说,中长期股价指数的走势不仅仅只受利率走势的影响,它同时对经济增长因素、非市场宏观政策因素的反应也很敏感。如果经济增长因素、非市场宏观政策因素的影响大于利率对股市的影响,股价指数的走势就会与利率的中长期走势相背离。
典型如美国的利率调整和股市走势就出现同步上涨的过程。1992年至1995年美元加息周期中,由于经济处于稳步增长阶段,逐步收紧的货币政策并未使经济下滑,公司盈利与股价走势也保持了良好态势,加息之后,股票市场反而走高,其根本原因是经济增长的影响大于加息的影响。
我国从1996年5月进入降息周期的拐点。股指也进入上升周期。利率与股指的走势发生了5年的负相关关系。但2001年在利率没有进入升息周期的情况下,股指开始了下跌的趋势。分析其原因,我国非市场宏观政策因素的影响大于利率对股市的影响。人们对非流通的国有股将进入市场流通的担心和恐惧导致了股市投资的风险和收益发生了非对称的变化。从这个角度来看,由于我国目前非市场宏观政策因素仍然有比较大的不确定性,所以利率对股市的影响不能够成为我们研究和预测股市中长期走势的主要因素。
就短期而言,我国利率的变动对股价的走势很难判断存在相关性。利率调整当天和随后的股价波动并不能说明二者之间有何必然的联系。从当前股市的状况分析,很明显也和利率的走势不符合理论上的负相关性。股票市场的低迷更多地被归结为上市公司的质量以及诸多体制性问题和投资者信心问题。因此,在看待我国加息预期对于股票市场的影响时,还要考虑其他诸多因素,而不能简单从前文所述的理论关系来判断。利率只是影响股市的因素之一,而不是惟一决定因素。因此,我们不能唯利率升降是从,要具体分析,何况即使利率上升,股市也并不是就完全没有投资机会。（
Interest rates. Most people pay attention to them, and they can impact the stock market. But why? In this article, we'll explain some of the indirect links between interest rates and the stock market and show you how they might affect your life.
The Interest Rate
Essentially, interest is nothing more than the cost someone pays for the use of someone else's money. Homeowners know this scenario quite intimately. They have to use a bank's money (through a mortgage) to purchase a home, and they have to pay the bank for the privilege. Credit card users also know this scenario quite well - they borrow money for the short term in order to buy something right away. But when it comes to the stock market and the impact of interest rates, the term usually refers to something other than the above examples - although we will see that they are affected as well. (To read more, see Who determines interest rates?)
The interest rate that applies to investors is the U.S. Federal Reserve's federal funds rate. This is the cost that banks are charged for borrowing money from Federal Reserve banks. Why is this number so important? It is the way the Federal Reserve (the "Fed") attempts to control inflation. Inflation is caused by too much money chasing too few goods (or too much demand for too little supply), which causes prices to increase. By influencing the amount of money available for purchasing goods, the Fed can control inflation. Other countries' central banks do the same thing for the same reason.
Basically, by increasing the federal funds rate, the Fed attempts to lower the supply of money by making it more expensive to obtain.(To see more on the Federal Reserve, read Get To Know The Major Central Banks, The Fed Model And Stock Valuation: What It Does And Does Not Tell Us and Formulating Monetary Policy.)
Effects of an Increase
When the Fed increases the federal funds rate, it does not have an immediate impact on the stock market. Instead, the increased federal funds rate has a single direct effect - it becomes more expensive for banks to borrow money from the Fed. However, increases in the discount rate also cause a ripple effect, and factors that influence both indivials and businesses are affected.
The first indirect effect of an increased federal funds rate is that banks increase the rates that they charge their customers to borrow money. Indivials are affected through increases to credit card and mortgage interest rates, especially if they carry a variable interest rate. This has the effect of decreasing the amount of money consumers can spend. After all, people still have to pay the bills, and when those bills become more expensive, households are left with less disposable income. This means that people will spend less discretionary money, which will affect businesses' top and bottom lines (that is, revenues and profits).
Therefore, businesses are also indirectly affected by an increase in the federal funds rate as a result of the actions of indivial consumers. But businesses are affected in a more direct way as well. They, too, borrow money from banks to run and expand their operations. When the banks make borrowing more expensive, companies might not borrow as much and will pay a higher rate of interest on their loans. Less business spending can slow down the growth of a company, resulting in decreases in profit. (For extra reading on company lending, read When Companies Borrow Money.)
Stock Price Effects
Clearly, changes in the federal funds rate affect the behavior of consumers and business, but the stock market is also affected. Remember that one method of valuing a company is to take the sum of all the expected future cash flows from that company discounted back to the present. To arrive at a stock's price, take the sum of the future discounted cash flow and divide it by the number of shares available. This price fluctuates as a result of the different expectations that people have about the company at different times. Because of those differences, they are willing to buy or sell shares at different prices.
If a company is seen as cutting back on its growth spending or is making less profit - either through higher debt expenses or less revenue from consumers - then the estimated amount of future cash flows will drop. All else being equal, this will lower the price of the company's stock. If enough companies experience a decline in their stock prices, the whole market, or the indexes (like the Dow Jones Instrial Average or the S&P 500) that many people equate with the market, will go down. (To learn more, check out Why Do Markets Move?, Forces That Move Stock Prices and What causes a significant move in the stock market?)
Investment Effects
For many investors, a declining market or stock price is not a desirable outcome. Investors wish to see their invested money increase in value. Such gains come from stock price appreciation, the payment of dividends - or both. With a lowered expectation in the growth and future cash flows of the company, investors will not get as much growth from stock price appreciation, making stock ownership less desirable.
Furthermore, investing in stocks can be viewed as too risky compared to other investments. When the Fed raises the federal funds rate, newly offered government securities, such Treasury bills and bonds, are often viewed as the safest investments and will usually experience a corresponding increase in interest rates. In other words, the "risk-free" rate of return goes up, making these investments more desirable. When people invest in stocks, they need to be compensated for taking on the additional risk involved in such an investment, or a premium above the risk-free rate. The desired return for investing in stocks is the sum of the risk-free rate and the risk premium. Of course, different people have different risk premiums, depending on their own tolerance for risk and the company they are buying. However, in general, as the risk-free rate goes up, the total return required for investing in stocks also increases. Therefore, if the required risk premium decreases while the potential return remains the same or becomes lower, investors might feel that stocks have become too risky, and will put their money elsewhere.
Interest Rates Affect but Don't Determine the Stock Market
The interest rate, commonly bandied about by the media, has a wide and varied impact upon the economy. When it is raised, the general effect is to lessen the amount of money in circulation, which works to keep inflation low. It also makes borrowing money more expensive, which affects how consumers and businesses spend their money; this increases expenses for companies, lowering earnings somewhat for those with debt to pay. Finally, it tends to make the stock market a slightly less attractive place to investment.
Keep in mind, however, that these factors and results are all interrelated. What we described above are very broad interactions, which can play out in innumerable ways. Interest rates are not the only determinant of stock prices and there are many considerations that go into stock prices and the general trend of the market - an increased interest rate is only one of them. Therefore, one can never say with confidence that an interest rate hike by the Fed will have an overall negative effect on stock prices.
Ⅵ 利率上升，对股票价格会有什么影响
一般理论上来说,利率下降时,股票的价格就上涨；利率上升时,股票的价格就会下跌。因此,利率的高低以及利率同股票市场的关系,也成为股票投资者据以买进和卖出股票的重要依据。
利率对于股票的影响可以分成三种途径:
一是利率变动造成的资产组合替代效应,利率变动通过影响存款收益率,投资者就会对股票和储蓄以及债券之间做出选择,实现资本的保值增值。
通过资产重新组合进而影响资金流向和流量,最终必然会影响到股票市场的资金供求和股票价格。利率上升,一部分资金可能从股市转而投向银行储蓄和债券,从而会减少市场上的资金供应量,减少股票需求,股票价格下降；反之,利率下降,股票市场资金供应增加,股票价格将上升。
二是利率对上市公司经营的影响,进而影响公司未来的估值水平。
贷款利率提高会加重企业利息负担,从而减少企业的盈利,进而减少企业的股票分红派息,受利率的提高和股票分红派息降低的双重影响,股票价格必然会下降。相反,贷款利率下调将减轻企业利息负担,降低企业生产经营成本,提高企业盈利能力,使企业可以增加股票的分红派息。受利率的降低和股票分红派息增加的双重影响,股票价格将大幅上升。
三是利率变动对股票内在价值的影响。
股票资产的内在价值是由资产在未来时期中所接受的现金流决定的,股票的内在价值与一定风险下的贴现率呈反比关系,如果将银行间拆借、银行间债券与证券交易所的债券回购利率作为参考的贴现率,则贴现率的上扬必然导致股票内在价值的降低,从而也会使股票价格相应下降。股指的变化与市场的贴现率呈现反向变化,贴现率上升,股票的内在价值下降,股指将下降；反之,贴现率下降,股价指数上升。
Ⅶ 利率变动对股价的影响
1）利率的上升，不仅会增加公司的借款成本，而且还会使公司难以获得必需的资金，这样，公司就不得不削减生产规模，而生产规模的缩小又势必会减少公司的未来利润。因此，股票价格就会下跌。反之，股票价格就会上涨。
2）利率上升时，投资者评估股票价值所用的折现率也会上升，股票价值因此会下降，从而，也会使股票价格相应下降；反之，利率下降时，股票价格则会上升。
3）利率上升时，一部分资金会从投向股市转向银行储蓄和购买债券，从而会减少市场上的股票需求，使股票价格出现下跌。反之，利率下降时，储蓄的获利能力降低，一部分资金又可能从银行和债券市场流向股市，从而，增大了股票需求，使股票价格上升。
上述利率与股价运动呈反向变化是一种一般情形。在股市发展的历史上,也有一些比较特殊的情形。当形势看好，股票行情暴涨的时候，利率的调整对股价的控制作用就不会很大。同样，当股市处于暴跌的时候，即使出现利率下降的调整政策，也可能会使股价回升乏力。当然，这种利率和股票价格同时上升和同时回落的现象至今为止也还是比较少见的。
4）国际金融市场的利率水平。
国际金融市场的利率水平，往往也能影响国内利率水平的升降和股市行情的涨跌。在一个开放的市场体系中，金钱是没有国界的，如果海外利率水平降低，一方面会对国内的利率水平产生影响，另一方面，也会引致海外资金进入国内股市，拉动股票价格上扬。反之，如果海外利率水平上升，则会发生与上述相反的情形。
Ⅷ 利率变动对股价有何影响
在股票投资中，影响股票的因素非常多，例如公司的营业收入、行业政策、公司的行业地位、当前的产品的供需情况等等，但是在不可否认，利率调整对股市的影响至关重要。
1、利率上升：当市场的利率上市时，它会通过两个方面影响股市的走势。一方面，利率上升，企业的融资成本增加，财务费用的开支也会同步增加，导致企业扩张的意愿下降，在原有的营业收入维持不变的情况下，费用的增加会导致净利润的下降，公司的市值也会同步下降。另一方面，当利率上升时，以债券为代表的固定预期收益理财产品的吸引力对投资者显著增加，原先投资股票市场的资金会逐渐转向到固定预期收益理财，导致市场的成交量不足，股市的上涨动能不足，有可能导致股市大盘回调。
2、利率下降：实际上，利率下降也是通过减少企业的融资成本和增加市场的货币资金投向，来进一步影响股市大盘的具体走势。利率下降，企业融资成本下降，净利润上升，企业的市值上涨。利率下降，投资固定预期收益的资金减少，投资股票市场的资金增加，导致市场的整体成交量上涨，为大盘上涨注入新鲜活力。
温馨提示：以上信息仅供参考。
应答时间：2021-02-25，最新业务变化请以平安银行官网公布为准。
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Ⅸ 股票价格（已知银行利率变化幅度）怎样计算
股票价格和银行利率没有直接关系，通常以市盈率高低评价风险大小，并不绝对。股票价格高低是否合适是所有入市的人都在研究的问题。
Ⅹ 利率变化对股市有什么影响
你好，利率变化对股市的影响：
1、利率上升
当市场的利率上市时，它会通过两个方面影响股市的走势。
一方面，利率上升，企业的融资成本增加，财务费用的开支也会同步增加，导致企业扩张的意愿下降，在原有的营业收入维持不变的情况下，费用的增加会导致净利润的下降，公司的市值也会同步下降。
另一方面，当利率上升时，以债券为代表的固定收益理财产品的吸引力对投资者显著增加，原先投资股票市场的资金会逐渐转向到固定收益理财，导致市场的成交量不足，股市的上涨动能不足，有可能导致股市大盘回调。
2、利率下降
实际上，利率下降也是通过减少企业的融资成本和增加市场的货币资金投向，来进一步影响股市大盘的具体走势。
利率下降，企业融资成本下降，净利润上升，企业的市值上涨。
利率下降，投资固定收益的资金减少，投资股票市场的资金增加，导致市场的整体成交量上涨，为大盘上涨注入新鲜活力。
因此，利率最终是通过影响企业融资成本和市场资金数量两方面影响股市。
风险揭示：本信息不构成任何投资建议，投资者不应以该等信息取代其独立判断或仅根据该等信息作出决策，不构成任何买卖操作，不保证任何收益。如自行操作，请注意仓位控制和风险控制。