英文标题：
《How much diversification potential is there in a single market? Evidence
from the Australian Stock Exchange》
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作者：
Libin Yang and William Rea and Alethea Rea
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最新提交年份：
2015
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英文摘要：
We present four methods of assessing the diversification potential within a stock market, two of these are based on principal component analysis. They were applied to the Australian stock exchange for the years 2000 to 2014 and all show a consistent picture. The potential for diversification declined almost monotonically in the three years prior to the 2008 financial crisis. On one of the measures the diversification potential declined even further in the 2011 European debt crisis and the American credit downgrade.
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中文摘要：
我们提出了四种评估股票市场多元化潜力的方法，其中两种是基于主成分分析的。它们在2000年至2014年的澳大利亚证券交易所（Australian stock exchange）上都得到了应用，并且都显示出了一致的情况。在2008年金融危机之前的三年里，多元化的潜力几乎单调下降。其中一项指标是，在2011年的欧洲债务危机和美国信用评级下调中，多元化潜力进一步下降。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Portfolio Management 项目组合管理
分类描述：Security selection and optimization, capital allocation, investment strategies and performance measurement
证券选择与优化、资本配置、投资策略与绩效评价
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一级分类：Quantitative Finance 数量金融学
二级分类：Statistical Finance 统计金融
分类描述：Statistical, econometric and econophysics analyses with applications to financial markets and economic data
统计、计量经济学和经济物理学分析及其在金融市场和经济数据中的应用
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