So we can estimate the sensitivity of a sample of stocks to each factor and then measure how much extra return investors would have received in the past for taking on factor risk.

 
  • 如此一来我们可以估算一个股票样本对每一个因素的敏感性,然后衡量过去投资者因承受因素风险所得到的额外回报率是多少。
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