Study On The Risk Measurement And Influencing Factors Of Internet Funds Financial Products

With the rapid development of Internet finance,accompanied by the overwhelming Internet financial products,and from what is known as the "first year of Internet finance" in 2013,with the balance of capital,led by the Internet fund management products are also officially entered to people’s vision.The research significance of this paper is to make suggestions on the customer’s choice of financial products,and provide suggestions for the research and development of the Internet financial enterprises.The author puts forward the corresponding suggestions on the sound management of the financial system in China and promotes the stability of the financial system.Internet funds Financial products refer to the Internet financial products released by the Internet platform,some of which are their own financial products,the establishment of an Internet platform for sale;some products are Internet companies and fund companies to cooperate in marketing financial products.This paper first analyzes the status quo and characteristics of the Internet fund financial products,analyzes the risk of qualitative analysis of the risk.Secondly,it measures the risks of the financial products of the Internet funds.Finally,it uses the measurement results to analyze and confirm the risks of the financial assets of the Internet Influencing factors.In this paper,the ARIMA model and the GARCH model are combined to analyze the optimal financial model and distribution of the Internet fund financial products under different distributions.Finally,on the basis of the model to calculate the value of VaR;and then calculated by the value of Va R and the selected factors,the Internet fund management products influencing factors analysis.Through the above research,it can be concluded: the Internet fund financial products will have a correlation between the rate of return,the early rate of return in the next period of time will have a certain impact on the subsequent rate of return.The model results show that most financial products can get better regression under the generalized error distribution.The model under the t distribution is not stable,and it is not suitable for the construction of the model of the balance,wealth management,And five financial products in the balance of the risk is relatively low,but also the most stable product.Which the risk of 100 changes in the relatively large,comprehensive view of the benefits and risks are not stable,investment need to be cautious.The results of the risk factors show that the risk and the scale of the fund presents a non-linear relationship,when the scale is not large enough,the risk increases with the scale increases,but when the scale is growing,The size of the increase,the risk will be reduced,but the size of the fund should not be too large.While the stock market and risk show a weaker positive correlation.Risk has a negative correlation with the bond index and the money market fund index,in which the effect of the money market fund index is more obvious.From the three angles to make recommendations,first of all investors in the choice of Internet funds financial products can refer to the above indicators for rational choice;as an Internet financial enterprise,should pay attention to product information disclosure and fund size control;national level,As soon as possible to establish a sound Internet financial management-related rating agencies,health legislation regulatory authorities,develop and improve the relevant regulatory system.