The results indicate that CPPI and TIPP can both guarantee the value of principal, CPPI is suitable when used in bull market, and TIPP is fit for the market which fall after rise or shake after rise. Application Research

• 结果表明,在股市先跌后涨和先涨后跌两种市场走势下,CPPI和TIPP都能达到保本的目的,CPPI比较适用于牛市,TIPP比较适用于先涨后跌和先涨后震荡的市场。