摘要
本文运用多重对应分析方法对股票未来收益的影响因素进行实证分析,结果发现高净资产收益率、高盈余质量、低账面市值比的小盘股票更容易获得高的未来超额收益率,而且账面市值比和公司规模对股票未来收益率的影响大于每股收益和净资产收益率。这对投资分析有一定的借鉴作用。
Using the method of the multiple correspondence analyses, the paper makes an empirical analysis on the factors affect-ing the future income stock. The results finds that the small cap stocks with the high rate of return on net assets, high earnings quali-ty, and low ratio of book to market are easier to obtain high future excess returns, and the ratio of book to market and the size of a company effect the future stock returns more than the earnings per share and return on net assets. The above analysis has a certain reference to the investment analysis.
出处
《西部金融》
2016年第1期58-60,共3页
West China Finance
关键词
股票未来收益
多重对应分析
投资分析
future stock return
multiple correspondence analysis
investment analysis
