请求人工翻译一段到英文，特别急！！！！额外再赠送高分（完）。

显示全部楼层 · 2011-9-5 06:54:00

基本面分析是指利用公司的盈利前景、对未来利率的预期以及公司风险的评估来确定证券的内在价值，然后将内在价值与市场价格比较，发现内在价值与市场价格不一致的证券，通过买入价值低估证券或卖出价值高估证券获利。基本面分析包括宏观经济分析、行业分析和公司分析三个方面。根据半强势有效市场的定义，投资者使用基本面分析或者技术分析方法，都不能从证券市场上获得超额收益。

千问 · 2011-9-5 06:54:00

Fundamentalanalysisreferstotheuseofthecompany\'sbusinessprospects、theexpectationsoffutureinterestrateandthecompany\'sriskassessmenttodeterminetheintrinsicvalueofsecurities,andtheintrinsicvalueincomparisonwithitsmarketpriceonthatbasis.Inthisway,onecansearchforthesecuritieswhoseintrinsicvalueisinconsistentwithitsmarketprice,andmakeprofitsbybuyingundervaluedsecuritiesandsellingovervaluedsecurities.Fundamentalanalysis,includingthreeaspects:macroeconomicanalysis,industryanalysisandcompanyanalysis.Accordingtothedefinitionofsemi-strongefficientmarket,investorscannotgetexcessreturnsfromthestockmarket,whethertheyusefundamentalanalysisortechnicalanalysis

千问 · 2011-9-5 06:54:00

othermethodistodesignacertaininvestmentstrategy,fisrtofall,oneshouldcomparetheinvestmentprofitwiththatunderthesimplebuy-and-holdpolicy.forinstancewecanusetheruletesttocomparetheprofitsbetweenthesetwocircumstances.Ifthestockpricefluctuatedatrandom,theinvestmentstrategywillnotbemoreefficientthanthebuy-and-holdpolicy,namely,theweakformofefficientmarkethypothesisiscorrect.个人意见，仅供参考。如果提问人有兴趣，可以一并探讨。

千问 · 2011-9-5 06:54:00

Fundamentalanalysisreferstotheuseofthebusinessprospectsofcompany,theexpectationrateoffutureinterestandtheriskassessmentofcompanytodeterminetheintrinsicvalueofsecurities.Bycomparingtheintrinsicvalueandmarketprice,onecanfindthesecuritieswhichintrinsicvalueisinconsistentwithitsmarketvalueandthenmakeprofitbybuyingundervaluedsecuritiesandsellingovervaluedsecurities.Fundamentalanalysisincludesthreeaspects:macroeconomicanalysis,industryanalysisandcompanyanalysis.Accordingtothedefinitionofsemi-strongefficientmarket,investorscannotobtainexcessreturnsfromthestockmarketbyusingfundamentalanalysisortechnicalanalysismethods,