rate of return on common stock equity
2.Contents of this course include: basic concepts of investment, measuring the rate of return and risk, types of securities, security markets in Taiwan, price &value of security, average stock price &stock price index, financial analysis, fundamental analysis, technical analysis valuation of securities (including preferred stock, bond &common stock) portfolio analysis, Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and options &futures.
3.The research mainly consists of those jobs: With the regression of the stock rate of return of public companies and market rate of return by Excel, the author calculates the beta of the companies and the volatility of the assets with the collection of the historical data of the comparable companies.
7.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.
