金融计算收益率的时候为什么大部分用对数收益率 (Log Return) 而不是用算数收益率? - 知乎

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反之,假如第1年涨5%,第二年跌5%,那么投资也不会回到原点,而会是亏损25个基点。 这给分折带来许多不变,而log return没有这样的问题。 本质上log return是复利期趋向无限时的期限收益率,许多情况下,log return的性质给计算和建模带来了巨大的方便。


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