基于股票估值折价与溢价对中国科创版市场与美国NASDAQ市场的对比分析  

Comparative Analysis of China’s A-share Market and Nasdaq Market Based on Discount and Premium of Stock Valuation

作　　者：李勇[1] 崇雨琪 LI Yong;CHONG Yu-qi(School of Statistics and Applied Mathematics,Anhui University of Finance and Economics,Bengbu 233030,China)

机构地区：[1]安徽财经大学统计与应用数学学院,安徽蚌埠233030

出　　处：《辽宁工业大学学报（自然科学版）》2021年第5期337-341,共5页Journal of Liaoning University of Technology(Natural Science Edition)

基　　金：国家自然科学基金资助项目(11601001);全国大学生数学建模组委会后继研究(夏令营A1401)。

摘　　要：对中国A股市场的股票相应指标进行分析,如基本面指标、流动性指标等,测算当年的估值溢价与折价,另外通过对中国A股市场与美国NASDAQ市场的估值指标与基本面指标、流动性指标之间的关系分别进行主成分分析,进而得出两个市场的“营业收入”、“归母净利润”、“净资产收益率”、“年成交量”、“年平均换手率”、“年成交额”6个自变量与“类别”这个固定要素之间具有显著差异。The valuation prediction of a listed enterprise is inseparable from the analysis of its stock.This paper analyzes the corresponding stock indicators of China’s A-share market,such as fundamental indicators and liquidity indicators,and calculates the valuation premium and discount of the current year.In addition,through the principal component analysis of the relationship between the valuation indicators,fundamental indicators and liquidity indicators of China’s A-share market and American Nasdaq market,we can obtain the“operating income”of the two markets.There are significant differences between the six independent variables of“parent net profit”,“return on net assets”,“annual trading volume”,“annual average turnover rate”and“annual turnover”and the fixed element of“category”.

关 键 词：估值预测 主成分分析 正态性判别检验 股票市场分析 

分 类 号：F831.51[经济管理—金融学]