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本文介绍了股票价值投资理论,给出来影响股票价值的重要的基本面因子,选取沪深300指数的成分股做股票池,通过对8种在国内影响股票价格较大的因子的赋值,分值由高到低排序,构造了五个组合,通过28个季度的观察,发现分值高的组合投资收益远远高于沪深300指数收益。从而论证该选股模型在沪深300指数成分股中是有效的。
This paper introduces the theory of the stock value investment, gives the important fundamentals that affect the stock value, selects the constituents of the CSI 300 index stock pool, and evaluates the eight factors that affect the stock price in the country, In descending order, five combinations are constructed. Through the observation of 28 quarters, it is found that the portfolio investment income with high score is much higher than that of the CSI300 Index. This demonstrates that the stock selection model in the Shanghai and Shenzhen 300 index stocks is valid.