The Analysis Of Listed Companies Inherent Value And Capital Income In The Stock-market

Stock market is an important channel for direct financing for listed companies, or investors to participate in an important mode of distribution of national income. Sound companies listed on the stock market can play a role in promoting the healthy operation and strengthen listed companies in the business advantages. For the current China's stock market in the operation of the market itself, the form of participation of investors and listed companies operating in the status quo, while China's securities market is a fast-growing emerging market, relatively speaking are not mature and standardized in the international environment, national policies, the economic situation and prospects of development of the industry and the general psychological factors such as interactive formed under the influence of a very complex nonlinear dynamic systems. Therefore, the securities market to become mature, it is necessary to guide investors from the short-term price trend forecast on the stock to intrinsic value, that is, require investors establish rational investment philosophy. Only investors more concerned about a listed company itself into the operational behavior and performance through the analysis of the basic stock intrinsic value as a basis for the major investment to make China's securities market value of investment into the real era.This paper from the market, investors and listed companies now three angles of the securities market and the link between the listed companies. The full text is divided into three parts, the first part introduces a comprehensive evaluation of investment securities of listed companies and comprehensive measure of the intrinsic value of investment theory. The second part on the course of development of the securities market and the status quo, but also a listed company on the existing problems. Part III is divided into internal evaluation of listed companies with investment value of the stock capital gains between the empirical analysis. First Capital Asset Pricing Model in accordance with the securities market will be divided into systematic risk and the risk of non-systemic risk, inspected the system risk and non-systematic risk in the changes in the proportion of risk. Then-level analysis of the study the correlation between indicators, divided into five categories, using principal components analysis will be simplified for not related variables. Finally, regression analysis to explore these variables, and the relationship between capital gains.