第16讲 课讨论与测试.pptVIP

* * 第十六讲 课堂讨论 证券投资学 ON INVESTMENTS 提一下精神 马上进入测试课堂讨论 Testing Discussion 请点评最近的国际市场…… 根据上面的数据表分析DOW JONES 的走势？ 根据上面的材料，说明市场的技术走势涵义？ / 请你为一位准备投资的人士，介绍国内可供投资的证券…… 如果需要你选择一种证券来进行投资，你应该怎样做…… 如果你知道一种证券的价格，你怎样判断其价格是否高低…… 介绍西方的分析师评级标准: Analysts’ Rating B=BUY H=HOLD U=UNDERPERFORM S=SELL NR=NOT RATED 如果需要你对一个公司所处的行业做分析，你应该怎么做…… Industry Analysis The companys industry obviously influences the outlook for the company. Even the best stocks can post mediocre returns if they are in an industry that is struggling. It is often said that a weak stock in a strong industry is preferable to a strong stock in a weak industry. 如果一个公司的每股收益在同行业中排在前列，你能做出什么样的分析建议…… P/E Ratio. The P/E ratio (i.e., Price/Earnings ratio) is a price ratio calculated by dividing the securitys current stock price by the previous four quarters earnings per share (EPS). The P/E Ratio shows how much an investor must pay to buy $1 of the companys earnings. For example, if a stocks current price is $20 and the EPS for the last four quarters was $2, the P/E ratio is 10 (i.e., $20 / $2 = 10). This means that you must pay $10 to buy $1 of the companys earnings. Of course, investor expectations of companys future performance play a heavy role in determining a companys current P/E ratio. 你认为一个公司的制度应以什么为基础…… Company Analysis After determining the economic and industry conditions, the company itself is analyzed to determine its financial health. This is usually done by studying the companys financial statements. From these statements a number of useful ratios can be calculated. The ratios fall under five main categories: profitability, price, liquidity, leverage, and efficiency. When performing ratio analysis on a company, the ratios should be compared to other companies within the same or similar industry to get a feel for what is considered normal. At least one popular ratio from each category is shown below. 请解释基本分析和技术分析的差异…… Fundamental analysis is the study of economic, industry, and company conditions in