摘 要
金融市场波动对股票回报产生重要影响，本文分析了金融市场波动对股票回报的影响机制以及相应的对策。首先，市场不确定性的增加导致投资者谨慎和避险，降低股票市场交易量和增长回报。其次，资本流动性的降低使得投资者难以快速买卖股票，影响股票回报的表现。最后，资产定价风险的增加使得股票定价更加不确定，影响投资决策和回报率。为应对这些问题，提出了多元化投资、长期投资策略和确定性的投资策略。多元化投资降低波动影响，长期投资缓解短期波动，确定性策略减少风险。综上所述，这些对策有助于降低金融市场波动对股票回报的影响，提高投资组合回报的稳定性和可预测性。
关键词：金融市场波动 股票回报 不确定性
Abstract
Financial market volatility has a significant impact on stock returns. This article analyzes the mechanisms through which financial market volatility affects stock returns and proposes corresponding strategies to mitigate these effects. Firstly, increased market uncertainty leads to cautious investor behavior and risk aversion, resulting in reduced trading volume and lower returns in the stock market. Secondly, decreased capital liquidity makes it challenging for investors to buy and sell stocks quickly, impacting stock returns. Lastly, increased asset pricing risk leads to greater uncertainty in stock valuations, influencing investment decisions and returns. To address these challenges, strategies such as diversification, long-term investment, and implementing deterministic approaches are suggested. Diversifying investments helps to minimize the impact of volatility, long-term investments mitigate short-term fluctuations, and deterministic strategies reduce risks. In summary, these strategies aid in reducing the impact of financial market volatility on stock returns and improving the stability and predictability of investment portfolios.
Keywords: financial market volatility stock returns uncertainty
目 录
一、引言 1
二、金融市场波动的概述 1
（一）金融市场的定义和功能 1
（二）金融市场的波动原因和特点 2
三、金融市场波动对股票回报的影响 3
（一）市场不确定性增加 3
（二）资本流动性降低 3
（三）资产定价风险增加 4
四、金融市场波动对股票回报影响的对策 4
（一）多元化投资 4
（二）长期投资策略 5
（三）确定性的投资策略 6
五、结论 6
致 谢 8
参考文献 9
