Affect the stock and stock underlying factors financial management tips tips Bar

Category: Money tips Release Date: 2007-03-01

-, Two fundamental factors, political factors, the impact of three pairs of stock, the company-owned industry, the nature of the four effects on stock prices, the company operating performance is the key to determine stock prices - the basic elements of the basic factors affecting stock prices and fundamental analysis stock price stock sold on the market price. Its decision and its fluctuations are subject to a variety of economic, political factors and are subject to investment and trading techniques of psychological impact. To sum up the impact of stock market prices and volatility factors, mainly divided into two categories, one basic factor, the other is technical factors. The so-called basic factors, refer to the stock market from outside the economic and political factors as well as other factors, its fluctuations and changes in stock market prices tend to trend will have a decisive impact. Generally speaking, the basic factors that include economic factors, political factors, manipulated factors and other factors. The sale of shares in the market price of each and every issue of greatest concern to investors, with the introduction of the stock market, a variety of stock market analysts and experienced investors will be tireless quest for analysis and forecasting stock prices means that some people from the market supply and demand the relationship between start evolved into a stock technical analysis methods, some of the factors affecting the stock price from analyzing the relationship between, forming a stock of basic analysis. The so-called fundamental analysis, stock analysis refers to research, focusing on its own intrinsic value.

Value of the stock in the market on the performance of the price is often affected by many factors, the impact of frequent changes. Therefore, the actual price of a stock on the market price is difficult to exactly the same. If there is a day by a very of factors, prices deviate from the value of even the fear of contrast with the masses will definitely lead to market confusion, and even the formation of a crisis. As found in the market valuation of some stocks are too high, will fulfill his hand, as an alternative stock valuation is too low, it will certainly cause a rush of buyers. Many factors affect the value of the stock, the most important are three aspects, one the country's economic environment is prosperity or depression; Second, various economic sectors such as industry, agriculture, commerce, transportation, utilities, financial industry and other industries of the conditions. Third, the issue of the shares of business conditions, such as those operating properly, profit rich, then its stock price high, the price of expensive, on the bullish and vice versa, then the value is low, the price cheap, and even non-human-chun, and the prices put . Fundamental analysis method is to use a wealth of statistical information, using a variety of economic indicators, proportional. Dynamic analysis method from the study of macro-economic climate began to gradually began to rise and fall of the concept of industry analysis and then according to the micro business, profitability of the current situation and prospects, from which the issued shares of the enterprise to make realistic assessment of possible prediction changes in its future as a basis for investors to buy. Because it has a more systematic theory, advocated by scholars has become the mainstream of stock analysis.

Second, political factors, the impact of political factors on the stock price generally refers to those who have a certain influence on stock prices in international political activities. Major economic policies and development plans and the Government's decree, the political measures, etc.. The political situation changes, stock prices had become increasingly sensitive to the impact of its main features:

(1) the international situation changes. Such as the improvement of diplomatic relations between the multinational's share price will rise. Investors should be improvements in diplomatic relations, seize the opportunity to purchase shares related to transnational corporations.

(2) The impact of the war. The war national political and economic instability, the public unrest, they fell, which is caused by the war have extensive influence. But the war on different sectors of the stock price effects are different, such as war munitions industry to flourish, flourishing, everything with the defense industry-related companies need to stock prices will inevitably rise. Therefore, investors should buy a timely munitions industry and its related industries shares sold easily damaged in the war stocks.

(3) a major national political events, such as political turmoil and so will have a significant impact on the stock. Namely, the psychological impact on stock investors, and thus indirectly affect the price level.

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(4) The country's major economic policies, such as industrial policy, tax policy, monetary policy. Key state support, the development of the industry, their stock prices will be pushed higher, while the national restrictions on the development of the industry, stock prices will be adversely affected, such as political and social utility to limit the products and services, including transportation, gas, water and electricity, this will directly affect the profitability of utilities standards, leading to utility company's share price plummeted; monetary policy changes will cause changes in market interest rates, which led to stock price changes; tax policy, be able to enjoy the country duty-free preferential tax stock company, its stock price upward trend, while the increase in personal income tax, due to the impact level of social spending fell, causing poor sales of goods, thereby affecting the company's production scale, resulting in reduced profits, stock prices fell. These political factors, the impact on the stock market itself, or through the company's profits and market interest rates certainly have an impact, thus causing the stock price changes.

3, the company the nature of their trades on stock prices affect the company's growth in their respective industries and trades are subject to the rise and fall of the constraints, such as enterprise belonging to the electronics industry, fine chemical industry, is a growth-oriented industries, the development of better prospects for investors attractive to the large; the other hand, if the company is in coal and cotton spinning industry, then it is a sunset industry, and its development prospects of poor investment returns the corresponding lower. Therefore, the company-owned nature of the profession a great impact on the stock must be owned nature of the industry analysis. The specific analysis of the following three aspects should be carried out:

(1) morphological analysis of the company from commodity products is the production of resources or resource consumption. The former is to meet the production needs of people while the latter is directly meet the production needs of people. But the two affected differently by the economic environment. Under normal circumstances, productive resources affected by climate change than the consumption of resources in large, that is, when the economy improves, the production resources to increase production faster than the consumption of resources; the other hand, the production of production resources are also shrinking fast. In the consumer resources, but also analyze the company's products are necessities or luxuries, because the different nature of the product on the market demand, the company's operations and changes in market prices and so will have different effects.

(2) from the demand for morphological analysis of the company's products sold to the scope and sales. If the company products are mainly sold domestically or exported mainly domestic market vulnerable to domestic political and economic factors, exports are vulnerable to international economic, trade about the climate. It also must be investigated and analyze objects of goods to meet the different needs of the extent of the needs of the different objects on the product performance, quality and also have different requirements, the company needs production quotas, otherwise, will inevitably affect the company's product sales, thus affecting the profitability level to lower investment income, stock prices fell.

(3) from the morphological analysis of the production is labor-intensive or capital-intensive or knowledge-and technology-intensive. In the production of labor, capital and technology, various factors, mainly labor input to labor-intensive to capital investment as the mainstay for the capital-intensive, knowledge-based technology, compared with the knowledge and technology-intensive inputs. In economically underdeveloped countries or regions are often large proportion of labor-intensive enterprises in economically developed countries or regions are often dominated by capital-intensive enterprises. With the new technological revolution in modern development, has been gradually replaced by technology-intensive capital-intensive. In addition, different types of companies, labor productivity and competitiveness of different, will also affect the enterprise product sales and profit levels, so that return on investment to differ.

4, the company's stock price to determine operating performance is the key to the surface, it seems that stock prices and efficiency, there is no direct relationship between performance, but a long-term point of view, the company's operating efficiency, improve performance, you can drive up stock prices, inefficient , performance sluggish, stock prices followed suit down. "With the performance of the stock adjustment" is the same principle of the stock market, sometimes, and the prices down and performance out of the relationship, but accidental phenomena, no matter how the ever-changing stock prices, but finally inseparable from the performance, time will prove that only the best performance was strong support for stock prices力量. Because the company's operational efficiency and performance level, is a direct impact on the company's profits and profitability. It can be measured from a variety of aspects. Such as profit margins, profitability, earnings per share ratio, input-output ratio, the output value of each staff member for every yuan of equipment output, equipment capacity interest rates, as well as the cost of income and other indicators to represent them. Therefore, the interests of growth or not, has become a key to determine price trends. Growing interest of companies, stock prices high, more specifically, the expected benefits will be to grow the company, the stock will go up, conversely, forecasting interests would reduce the company, the stock will fall; interests of the company to increase, then the dividend will increase the purchase of the company's More and more people will share; the company's interests to reduce, investors would have sold his shares, making stock prices fell.

However, we should note that efficiency, performance and stock prices sometimes occur between the timing of bias, that is, and sometimes changes in stock prices will first increase in interest, sometimes with the increase in interest change. Grasp the long-term investors as long as the price and performance of this mutual relationship, will be sure of success in the stock investment.

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