逆向投资策略在中国股票市场上的可靠性分析  

The Validity Proof of the Converse Investment Strategy of Securities Business in China

作　　者：肖光进[1] 陈应征[2] 

机构地区：[1]湖南科技大学商学院,湖南湘潭411201 [2]中南大学出版社,湖南长沙410083

出　　处：《常熟理工学院学报》2007年第5期47-51,共5页Journal of Changshu Institute of Technology

基　　金：国家自然科学基金资助项目"基于行为金融理论的商业银行信贷范式及市场效应研究"(70573032)

摘　　要：针对中国股票市场投资者心理及其致因规律对股市走向的影响,提出逆向投资策略以弥补传统风险管理模式的不足,并分别对基于P/E、P/BV指标选股的逆向投资策略的可靠性进行探讨,从而得出中国股票市场上逆向投资策略更具安全性的结论,而运用SPSS统计软件所做的回归分析也提高了结论的可信度。In exploring the impact of investors＇ psychology on stock market and its forming disciplinarian, this paper proposes that the converse investment strategy be used to compensate the deficiency of traditional risk supervision mode. The P/E ,P/BV indexes are used to choose different stocks so as to discuss the validity of the converse investment strategy. In this procession, the statistics software named SPSS is used to improve the reliability of the conclusion, and the conclusion is that converse investment strategy of securities business in China works better in monitoring risks than other risk management mechanisms.

关 键 词：逆向投资策略 P/E、P/BV指标 SPSS 回归分析 可靠性 

分 类 号：F830.59[经济管理—金融学]