equity ratio
3.The author also bringsforward multi-factor asset pricing model based on risk-metric indices, such as coefficient of beta, standard variance, standard semi-variance, average absolute deviation, value at risk, and factor variables, such as circulated market equity, exchange ratio, short-term historical return.
4.Through an empirical analysis of the relation between high-low P/E ratio portfolio and indexed rate of return, this paper verifies, from one angle, that the Chinese stock market does not comply with the semi-strong efficient market hypothesis; it then presents a regression analysis of the relation between equity structure and P/E ratio, proving that P/E ratio is inversely related to total assets.
