The Correlation Analysis Of Financial Information And Stock Price Of Listed Companies In Pharmaceutical Industry

With the development of the society,health has gradually become an important factor to improve overall national strength.The pharmaceutical industry is an important part of the health industry.With the strong support of national policies,the number of listed companies in the pharmaceutical industry continues to grow,which also attracts the attention of investors.The stock market merges all kinds of information,and financial information is particularly important.It can not only affect the stock price directly,but also the main basis for investors to choose how to invest.In recent years,with the continuous improvement of the political and economic system,the information disclosure of Chinese listed companies is more open and the market supervision system is stricter.The correlation between financial information and share price should be further improved.But in the pharmaceutical industry in the national economy and people's livelihood industry of our country,which has a positive correlation between financial indicators and stock price,how big is the influence of the financial information on stock prices,whether the explanatory power of financial information on stock prices increase year by year,these are all worthy of our consideration.So the pharmaceutical industry the influence of the financial information on stock prices of listed companies,not only for the pharmaceutical industry on investment decisions of investors has the reference value,and is of great significance to the healthy development of securities market.This paper studies the financial information and stock price changes of listed companies in the pharmaceutical industry.Firstly,the research results of the correlation between domestic and foreign accounting information and stock price are summarized and summarized.Then to define financial information,analysis of financial information and the stock market and the related theory,this paper introduces the three methods of study the relevance of accounting information and stock price,comparison and analysis the advantages and disadvantages of three different research methods,starting from the actual situation of our country securities market,option valuation model view the pharmaceutical industry as the research of the correlation between financial information of listed companies and stock price method;Secondly,the dependent variable,independent variable and control variable are determined to construct the multivariate linear regression model.Then,using correlation analysis and regression analysis research from 2014 to 2016,the pharmaceutical industry in our country the influence of the financial information on stock prices of listed companies,andget the following two conclusions:(1)reflect the profit ability,growth ability of financial information and the stock price has a significant positive correlation.Among them,profitability and share price have the strongest correlation,and among various financial indicators,the correlation between earnings per share and share price is the highest.(2)regression analysis shows that the joint explanatory power of financial information on stock price increases year by year,but the explanation is low,and the reason is analyzed.Finally,the policy Suggestions are put forward from three aspects: government orientation.