An Empirical Study Of Automotive Industry Operation Pefromance And Stock Value And Volatility And The Trading Strategy

There are many factors that affect stock value,stock returns and volatility,and one of the most important factors in manufacturing industry is operational performance.In corporate finance,it is a very important subject to study the effect of operating performance on stock value and volatility.This paper tries to study the relationship between the listing Corporation and the automobile industry,to improve the theory of the stock value and volatility,to find the performance of the asset value of the trading strategy based on the operating performance,and to provide the theoretical basis for the management of the listing Corporation.The research found that in China auto industry there is a positive linear correlation between P/B ration and total asset turnover and equity turnover,there is negative liner correlation between P/B ration and inventory turnover days.Hold the stock of the company with high total asset turnover,low equity turnover and low inventory turnover days,stock return will be higher than average level.And there is positive linear correlation between volatility and the volatility of total asset turnover,there is negative linear correlation between volatility and the volatility of accounts receivable turnover.