at par; parity; parity price; fair price

简明释义

平价

英英释义

例句

1.Investors often look for investments that will provide returns above parity (平价).

投资者通常寻找能提供超过平价回报的投资。

2.When the stock trades at par (面值), it indicates that the market price is equal to its nominal value.

当股票交易在面值时，表示市场价格等于其名义价值。

3.The bond was issued at par (面值), meaning investors would receive the full face value upon maturity.

这只债券以面值发行，意味着投资者在到期时将获得全额面值。

4.The parity price (平价价格) of the asset reflects its intrinsic value in the market.

该资产的平价价格反映了其在市场中的内在价值。

5.In a competitive market, the fair price (公允价格) should be determined based on supply and demand.

在竞争市场中，公允价格应根据供需关系来确定。

作文

In the world of finance and investment, understanding key terms is crucial for making informed decisions. One such term that often comes up in discussions about stocks, bonds, and market valuations is at par (面值). This term refers to the situation when a security, such as a bond or a stock, is trading at its face value. For instance, if a bond has a face value of $1,000 and is currently selling for $1,000 in the market, it is said to be trading at par. This concept is essential for investors as it helps them gauge whether they are paying too much or too little for a security compared to its intrinsic value.Another related term is parity (平价), which generally refers to equality or equivalence in value. In finance, parity is often used to describe situations where two financial instruments have equal value or where their prices are in balance. For example, if two currencies are exchanged at a rate that reflects their purchasing power equivalently, they are said to be at parity. Understanding parity is vital for currency traders and investors who want to assess the relative value of different currencies against one another.The term parity price (平价价格) is closely related to parity and is used to denote the price at which two assets can be exchanged without any profit or loss. This is particularly important in the context of options trading or commodity markets, where traders seek to identify the parity price to make strategic trading decisions. For example, if a stock option is priced below its parity price, it may present a buying opportunity, while if it is priced above, it might signal a selling opportunity.Lastly, the term fair price (公允价格) is often used to describe the price that is considered reasonable based on various factors, including market conditions, supply and demand dynamics, and the intrinsic value of the asset. Determining a fair price can be complex, as it involves analyzing numerous variables and market sentiments. Investors aim to buy assets at prices below their fair price to maximize returns and sell when prices exceed this threshold.In conclusion, the terms at par, parity, parity price, and fair price are interconnected concepts that play a significant role in investment strategies and financial analysis. Understanding these terms allows investors to better navigate the complexities of the financial markets and make more informed decisions. As one delves deeper into the world of finance, grasping these concepts will undoubtedly enhance one's ability to evaluate investment opportunities effectively.

在金融和投资的世界中，理解关键术语对于做出明智的决策至关重要。其中一个常常在股票、债券和市场估值讨论中出现的术语是at par（面值）。这个术语指的是一种情况，当一项证券，比如债券或股票，以其面值交易。例如，如果一只债券的面值为1000美元，而目前在市场上以1000美元出售，那么它就被称为以at par交易。这个概念对于投资者来说非常重要，因为它帮助他们判断自己是否为证券支付了过多或过少的价格，相较于其内在价值。另一个相关术语是parity（平价），通常指的是价值的平等或等价。在金融中，parity常用于描述两种金融工具具有相等价值或其价格处于平衡状态的情况。例如，如果两种货币以反映其购买力等同的汇率进行兑换，它们就被称为处于parity状态。理解parity对货币交易者和投资者来说至关重要，因为他们希望评估不同货币之间的相对价值。术语parity price（平价价格）与parity密切相关，用于表示两项资产可以在没有任何利润或损失的情况下交换的价格。这在期权交易或商品市场中尤其重要，交易者寻求识别parity price以做出战略交易决策。例如，如果一项股票期权的价格低于其parity price，这可能意味着一个买入机会，而如果其价格高于，则可能发出卖出信号。最后，术语fair price（公允价格）通常用于描述根据各种因素（包括市场条件、供需动态和资产的内在价值）考虑合理的价格。确定fair price可能很复杂，因为这涉及分析众多变量和市场情绪。投资者旨在以低于其fair price的价格购买资产，以最大化回报，并在价格超过这一阈值时出售。总之，术语at par、parity、parity price和fair price是相互关联的概念，在投资策略和金融分析中发挥着重要作用。理解这些术语使投资者能够更好地驾驭金融市场的复杂性，并做出更明智的决策。随着人们深入金融领域，掌握这些概念无疑会增强评估投资机会的能力。