Research On The Application Of O’neil Investment In China

This research according to Deboeck and Ultsch(1998)idea,different analysis cluster analysis method in the study sample to do the most appropriate clustering based on the multi variable,then examine each season for each group is consistent with the threshold value of each index,the future investment return period is high,even beyond the class in addition,the phenomenon;compound annual growth rate of each index and the threshold value of sensitivity analysis,and the investment period are short of 1 months,3 months and mid long term 6 months for observation.The empirical results are as follows:First of all,selecting investment targets using CANSLIM stock selection strategy,this study uses almost no one can fully meet the conditions will be gradually relaxed if only using C,A,L,C,A or three indicators two indicators to screening,but is easy to choose investment targets,the average return on.During the performance of future investment by screening investment targets but are not necessarily able to transcend to display performance,if the use of CANSLIM stock picking strategy index to direct selection may not necessarily bring beyond category refers to the compensation for China investors.Secondly,by using the cluster analysis method to sample the most appropriate clustering,and then compare returns to show results,traditional industries in the plastics industry in A=3 or A=5.The gap is not big,show this industry has more stable characteristics,but the empirical results also show that the index with threshold value to determine the amount of the current investment in the subject group may not be able to ensure that the selected target group of future investment will exceed the use of class.The electronic industry in the high-tech industry in the A=3 or A=5 significantly different results with A=3 than expected,which is in line with the threshold most of the group during the investment future nearly all beyond category refers to the performance,in line with the industrial characteristics of the rapid changes required.Then,in the sensitivity analysis of the indicators,the plastics industry is still not a strong result.In the electronics industry,in the case of A=3 as a clustering data,maintaining the original threshold is still a good performance.Finally,the sensitivity analysis of the investment period,in general,if the underlying investment holding 3 to 6 months,with the average reward threshold group most beyond category refers to a higher proportion,also is the use of CANSLIM stock selection strategy combined with the cluster analysis method,suitable for long-term investment holding.