{"id":593,"date":"2026-03-05T03:52:48","date_gmt":"2026-03-04T19:52:48","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=593"},"modified":"2026-03-05T03:57:44","modified_gmt":"2026-03-04T19:57:44","slug":"%e5%a6%82%e4%bd%95%e4%bd%bf%e7%94%a8%e9%a3%8e%e9%99%a9%e4%bb%b7%e5%80%bc%ef%bc%88var%ef%bc%89%e6%9d%a5%e7%ae%a1%e7%90%86%e4%bd%a0%e7%9a%84%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e8%b5%84%e4%ba%a7","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=593","title":{"rendered":"\u5982\u4f55\u4f7f\u7528\u98ce\u9669\u4ef7\u503c\uff08VaR\uff09\u6765\u7ba1\u7406\u4f60\u7684\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7"},"content":{"rendered":"<p><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4ee5\u5176\u6781\u9ad8\u7684\u6ce2\u52a8\u6027\u800c\u95fb\u540d\uff0c\u5176\u4ef7\u683c\u53ef\u80fd\u5728\u77ed\u65f6\u95f4\u5185\u5267\u70c8\u6ce2\u52a8\u3002\u5728\u4e00\u4e2a\u5145\u6ee1\u4e0d\u786e\u5b9a\u6027\u7684\u5e02\u573a\u4e2d\uff0c\u98ce\u9669\u7ba1\u7406\u5bf9\u4e8e\u4efb\u4f55\u4ea4\u6613\u8005\u90fd\u81f3\u5173\u91cd\u8981\u3002\u53ea\u6709\u5206\u6790\u6295\u8d44\u7684\u6f5c\u5728\u98ce\u9669\uff0c\u624d\u80fd\u786e\u5b9a\u5176\u6295\u8d44\u7ec4\u5408\u4e2d\u6f5c\u5728\u635f\u5931\u7684\u7a0b\u5ea6\u548c\u53d1\u751f\u7387\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e3a\u4e86\u8bc4\u4f30\u6295\u8d44\u7ec4\u5408\u98ce\u9669\uff0c\u6211\u4eec\u53ef\u4ee5\u5229\u7528\u5e02\u573a\u4e0a\u7684\u4e0d\u540c\u5de5\u5177\u6765\u8ba1\u7b97\u4ea4\u6613\u4e2d\u7684\u201c\u6700\u574f\u60c5\u51b5\u201d\uff0c\u4f8b\u5982\u98ce\u9669\u4ef7\u503c\uff08VaR\uff09\u3002<\/span><\/p>\n<h3 id=\"1220\"><strong><span dir=\"auto\">\u4e86\u89e3\u98ce\u9669\u4ef7\u503c (VaR)<\/span><\/strong><\/h3>\n<p><span dir=\"auto\">\u98ce\u9669\u4ef7\u503c\uff08VaR\uff09\u88ab\u79f0\u4e3a\u201c\u98ce\u9669\u7ba1\u7406\u7684\u65b0\u79d1\u5b66\u201d\uff0c\u662f\u4e00\u79cd\u7edf\u8ba1\u6570\u636e\uff0c\u7528\u4e8e\u8861\u91cf\u548c\u91cf\u5316\u7279\u5b9a\u65f6\u95f4\u8303\u56f4\u5185\u516c\u53f8\u3001\u6295\u8d44\u7ec4\u5408\u6216\u5934\u5bf8\u7684\u91d1\u878d\u98ce\u9669\u6c34\u5e73\u3002\u5b83\u53ef\u4ee5\u7528\u6765\u8861\u91cf\u7279\u5b9a\u5934\u5bf8\u6216\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u7684\u98ce\u9669\u655e\u53e3\u3002<\/span><\/p>\n<p><span dir=\"auto\">VAR \u7edf\u8ba1\u6570\u636e\u5305\u542b\u4e09\u4e2a\u90e8\u5206\uff1a\u65f6\u95f4\u6bb5\u3001\u7f6e\u4fe1\u6c34\u5e73\u548c\u635f\u5931\u91d1\u989d\uff08\u6216\u635f\u5931\u767e\u5206\u6bd4\uff09\u3002\u8ba9\u6211\u4eec\u6765\u770b\u4e00\u4e2a\u4f7f\u7528 VaR \u8ba1\u7b97\u98ce\u9669\u7684\u793a\u4f8b\u3002<\/span><\/p>\n<h3 id=\"ec0c\"><strong><span dir=\"auto\">BTC\/USDT\uff1aVaR\u8ba1\u7b97<\/span><\/strong><\/h3>\n<p><span dir=\"auto\">\u6211\u4eec\u5c06\u5173\u6ce8OKX\u5e73\u53f02019\u5e748\u670815\u65e5\u81f321\u65e5\u671f\u95f4<\/span><a title=\"\u6bd4\u7279\u5e01\" href=\"https:\/\/www.okx.com\/trade-spot\/btc-usdt\" target=\"_blank\" rel=\"noopener\" data-internallinksmanager029f6b8e52c=\"927\"><span dir=\"auto\">BTC<\/span><\/a><span dir=\"auto\">\u00a0\/USDT\u7684\u5206\u949f\u6536\u76d8\u4ef7\u3002\u6b64\u8ba1\u7b97\u5047\u8bbe\u5bf9\u6570\u6536\u76ca\u670d\u4ece\u6b63\u6001\u5206\u5e03\u3002<\/span><\/p>\n<h3 id=\"7909\"><strong><span dir=\"auto\">\u6b65\u9aa4 1\uff1a\u8ba1\u7b97\u5206\u949f\u5bf9\u6570\u6536\u76ca<\/span><\/strong><\/h3>\n<p><span dir=\"auto\">\u5206\u949f\u5bf9\u6570\u6536\u76ca\u53ef\u4ee5\u6839\u636e\u4ee5\u4e0b\u516c\u5f0f\u8ba1\u7b97\uff1a<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1668\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/2019\/11\/1.png?x-oss-process=image\/auto-orient,1\/quality,q_90\/format,webp\" alt=\"\" width=\"838\" height=\"94\" \/><\/figure>\n<p><span dir=\"auto\">\u8fd9\u91cc\u6211\u4eec\u4f7f\u7528\u6536\u76ca\u5bf9\u6570\u800c\u4e0d\u662f\u4ef7\u683c\u6536\u76ca\u3002\u4f7f\u7528\u5bf9\u6570\u6536\u76ca\uff08\u800c\u975e\u4ef7\u683c\u6536\u76ca\uff09\u7684\u597d\u5904\u5728\u4e8e\u00a0<\/span><em><span dir=\"auto\">\u5bf9\u6570\u6b63\u6001\u6027<\/span><\/em><span dir=\"auto\">\uff1a\u5047\u8bbe\u4ef7\u683c\u670d\u4ece\u5bf9\u6570\u6b63\u6001\u5206\u5e03\uff0c\u5219\u5bf9\u6570\u6536\u76ca\u4e5f\u670d\u4ece\u6b63\u6001\u5206\u5e03\uff0c\u8fd9\u5f88\u65b9\u4fbf\uff0c\u56e0\u4e3a\u8bb8\u591a\u7ecf\u5178\u7edf\u8ba1\u5b66\u90fd\u5047\u8bbe\u6b63\u6001\u5206\u5e03\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u540e\uff0c\u6211\u4eec\u53ef\u4ee5\u5c06\u5bf9\u6570\u6536\u76ca\u5206\u4e3a 27 \u4e2a\u533a\u95f4\uff1a\uff08-14%\uff0c-13%\uff09\u3001\uff08-12%\uff0c-11%\uff09\u3001\u2026\u2026\u3001\uff0812%\uff0c13%\uff09\uff0c\u8ba1\u7b97\u6bcf\u4e2a\u533a\u95f4\u7684\u5206\u949f\u6536\u76ca\u6b21\u6570\uff0c\u5f97\u5230\u4ee5\u4e0b\u76f4\u65b9\u56fe\uff1a<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1669\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/2019\/11\/2.png?x-oss-process=image\/auto-orient,1\/quality,q_90\/format,webp\" alt=\"\" width=\"583\" height=\"371\" \/><\/figure>\n<h3 id=\"19b4\"><strong><span dir=\"auto\">\u6b65\u9aa42\uff1a\u8ba1\u7b97\u5bf9\u6570\u6536\u76ca\u7684\u5e73\u5747\u503c\u548c\u6807\u51c6\u5dee<\/span><\/strong><\/h3>\n<p><span dir=\"auto\">\u7136\u540e\uff0c\u6211\u4eec\u53ef\u4ee5\u6839\u636e\u4ee5\u4e0b\u516c\u5f0f\u8ba1\u7b97\u5bf9\u6570\u6536\u76ca\u7684\u5e73\u5747\u503c\u548c\u6807\u51c6\u5dee\uff1a<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" class=\"wp-image-1670\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/2019\/11\/3.png?x-oss-process=image\/auto-orient,1\/quality,q_90\/format,webp\" alt=\"\" \/><\/figure>\n<p><span dir=\"auto\">10,080 \u5206\u949f\u5bf9\u6570\u6536\u76ca\u7684\u5e73\u5747\u503c (\u00b5) \u4e3a 0.001083%\uff0c\u6807\u51c6\u5dee (\u03c3) \u4e3a 0.03170\u3002<\/span><\/p>\n<h3 id=\"6d23\"><strong><span dir=\"auto\">\u6b65\u9aa43\uff1a\u6839\u636e\u6b63\u6001\u5206\u5e03\u7684\u7f6e\u4fe1\u533a\u95f4\u8ba1\u7b97VaR<\/span><\/strong><\/h3>\n<p><span dir=\"auto\">\u5047\u8bbe\u6536\u76ca\u5448\u6b63\u6001\u5206\u5e03\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u6700\u5dee\u76845%\u548c1%\u5728\u6b63\u6001\u66f2\u7ebf\u4e0a\u7684\u4f4d\u7f6e\u3002\u4e0b\u8868\u663e\u793a\u4e86\u4ea4\u6613\u8005\u7684\u671f\u671b\u7f6e\u4fe1\u5ea6\u3001\u6807\u51c6\u5dee\u548c\u5e73\u5747\u503c\uff1a<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" class=\"wp-image-1671\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/2019\/11\/4.png?x-oss-process=image\/auto-orient,1\/quality,q_90\/format,webp\" alt=\"\" \/><\/figure>\n<h3 id=\"c30d\"><span dir=\"auto\">\u5224\u51b3<\/span><\/h3>\n<p><span dir=\"auto\">\u5bf9\u4e8eVaR\u8ba1\u7b97\u7ed3\u679c\u6709\u4e24\u79cd\u7406\u89e3\u65b9\u5f0f\uff1a<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">\u572895%\u548c99%\u7684\u7f6e\u4fe1\u5ea6\u4e0b\uff0c\u6211\u4eec\u53ef\u4ee5\u9884\u8ba1\u6700\u574f\u7684\u635f\u5931\u5206\u522b\u4e0d\u4f1a\u8d85\u8fc75.23%\u548c7.38%\uff1b<\/span><\/li>\n<li><span dir=\"auto\">\u5982\u679c\u6211\u4eec\u6295\u8d44 10,000 \u7f8e\u5143\uff0c\u6211\u4eec\u6709 95% \u548c 99% \u7684\u4fe1\u5fc3\uff0c\u6211\u4eec\u6700\u4e25\u91cd\u7684\u5206\u949f\u635f\u5931\u5206\u522b\u4e0d\u4f1a\u8d85\u8fc7 523 \u7f8e\u5143\uff08=10,000 \u7f8e\u5143 x -5.23%\uff09\u548c 738 \u7f8e\u5143\uff08=10,000 \u7f8e\u5143 x -7.38%\uff09\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">VaR \u53ef\u7528\u4e8e\u8ba1\u7b97\u7279\u5b9a\u65f6\u95f4\u6bb5\u5185\u6295\u8d44\u7684\u6700\u5927\u9884\u671f\u635f\u5931\uff0c\u5e76\u6ee1\u8db3\u7279\u5b9a\u7684\u7f6e\u4fe1\u5ea6\u8981\u6c42\u3002\u4ea4\u6613\u8005\u53ef\u4ee5\u8fd0\u7528 VaR \u8f7b\u677e\u786e\u5b9a\u5176\u4ea4\u6613\u6295\u8d44\u7ec4\u5408\u7684\u98ce\u9669\u6c34\u5e73\u6216\u6f5c\u5728\u635f\u5931\uff0c\u4ece\u800c\u91c7\u53d6\u5fc5\u8981\u63aa\u65bd\u63a7\u5236\u98ce\u9669\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4ee5\u5176\u6781\u9ad8\u7684\u6ce2\u52a8\u6027\u800c\u95fb\u540d\uff0c\u5176\u4ef7\u683c\u53ef\u80fd\u5728\u77ed\u65f6\u95f4\u5185\u5267\u70c8\u6ce2\u52a8\u3002\u5728\u4e00\u4e2a\u5145\u6ee1\u4e0d\u786e\u5b9a\u6027\u7684\u5e02\u573a\u4e2d\uff0c\u98ce\u9669\u7ba1\u7406\u5bf9\u4e8e\u4efb\u4f55&hellip; <a class=\"more-link\" href=\"http:\/\/okx.biquan123.com\/blog\/?p=593\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">\u5982\u4f55\u4f7f\u7528\u98ce\u9669\u4ef7\u503c\uff08VaR\uff09\u6765\u7ba1\u7406\u4f60\u7684\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-593","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=593"}],"version-history":[{"count":1,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/593\/revisions"}],"predecessor-version":[{"id":594,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/593\/revisions\/594"}],"wp:attachment":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=593"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}