题目
There are both absolute risk (measured without reference to a benchmark) and relative risk (measured against a benchmark) measures of market risk. Which of the following is an absolute measure of market risk?
选项
A.Tracking error
B.Volatility of total returns
C.Correlation with a benchmark portfolio
D.Deviations from a benchmark index
答案
B
解析
Market risk is the risk of losses from movements in market prices. Absolute risk measures these changes in terms of the volatility of total returns. Tracking error is a relative measure of market risk defined as the deviation from a benchmark index. Correlation refers to a benchmark. Deviation from the benchmark index is a consideration in measuring relative risk.?市场风险是因市场价格变动而蒙受损失的风险。 绝对风险根据总收益的波动性来衡量这些变化。 跟踪误差是一种相对于市场风险的相对度量，定义为与基准指数的偏差。 相关性是指跟基准的关系。 偏离基准指数是衡量相对风险的考虑因素。