Basic analysis criteria

Basic AnalysisAlso known as fundamentals AnalysisRefers to securities Investment AnalysisBased on economics, finance, financial management, and InvestmentTo determine the value and price of securities, such as macroeconomic indicators, economic policy trends, industry development, product market conditions, company sales and financial conditions. Analysis, Evaluating securities InvestmentValue, determine the reasonable price of securities, and propose the corresponding InvestmentRecommended AnalysisMethod. From this definition, we can see that AnalysisMain Content: ① macro-economy Analysis② Industry regions Analysis③ Company Analysis. However, from another perspective AnalysisThe scope should be wider, including military, political, weather, and social conditions. We can AnalysisSummarized as macro factors AnalysisAnd Micro-factors Analysis. Macro factors include military, political, economic, climate, and social conditions. micro factors include the company's industry, operating ability, profit-making ability, management level, and management style. However, military factors can also include military developments at home and abroad, political changes in domestic and international politics, and economic changes include domestic and foreign economic policies and development trends. The impact of the economic crisis in South East and South Asia on the domestic economy. Weather factors also include blizzard, rainstorm, typhoon, hail, and earthquake. For example, the flood in the Yangtze River basin in China in 1998 put a huge pressure on the securities market, while the "Kobe Earthquake" in Japan in 1994 made Japan Stock MarketWorse. Economic policies include domestic fiscal policies, monetary policies, and securities market development policies. These factors will have a great impact on the stock price of the securities market, directly affecting the securities Investment. Therefore, it is necessary to collect and sort all the above-mentioned materials and make reasonable AnalysisTo draw an appropriate conclusion. It can be said that the basic AnalysisIt takes a long time to complete the workload. Only by investing a lot of energy, manpower, and material resources can we do well. In foreign large securities companies, there are dedicated personnel to do some research, but there is no basic AnalysisExperts who are all good. Some large securities companies in China have recruited a large number of researchers and assigned research tasks by industry. On the one hand, this shows that the fundamental research workload is huge, and on the other hand, it also shows that fundamental research has begun to develop in a specialized direction in a certain field.

Basic AnalysisThe focus is to evaluate or determine Securities InvestmentThe value is to determine the reasonable price of securities in the market. We have introduced it in theory. InvestmentValue AnalysisTheory, this theory is to introduce some methods to determine the internal value of a stock, but this theory focuses on the microscopic AnalysisAnd use a precise mathematical method to calculate the internal value of a certain listed company. If the price is lower than the internal value, you can buy it. If the price is higher than the internal value, you can sell it. Therefore AnalysisThe essence is that Analysis, Telling us that we should InvestmentWhat stock or not InvestmentWhat stock, and Investment. From this point of view, the basic AnalysisIt is of great significance. At present, the main force in the domestic market also attaches great importance to basic operations. AnalysisOn the one hand, we must grasp the national situation, and on the other hand, we must select a market InvestmentObjects, especially potential objects, that is, objects whose values are not fully mined. This is not as if you had any funds to choose a stock for speculation. Basic operations abroad AnalysisA typical success is Warren Buffett, an American stock.

Criterion 1

Basic AnalysisIt must be simplified. Because the basic AnalysisIt involves a wide range of areas, and the research work is time-consuming, InvestmentYou do not have to spend too much time collecting and organizing relevant materials. AnalysisTherefore, you only need to reference the collected information, and then identify the conclusions and basis, and adopt an attitude of "removing the dregs and taking the essence. On the other hand, you should pay attention to the aspects that are not involved in these research materials. In this regard, you think that it is very important to judge the value of the market. It takes more time and effort to determine the value of the market, conduct research and judgment on your own. In this way, you can get twice the result with half the effort, and it will not be basically AnalysisThe workload is intimidated.

Criterion 1

Basic AnalysisTo highlight the key points. Fundamentals in use AnalysisChina Stock MarketThe focus is AnalysisIn China, while in foreign countries AnalysisThe focus for individual stocks is AnalysisDevelopment Prospects, other comparison. For foreign situations, we can use the Dow Jones index in the United States, the average daily economic index in Japan, the London Financial Times index in the UK, and the GDP of these countries) to understand the economic situation. You can also determine the economic strength of these countries through the exchange rates of the dollar against the yen, the pound against the dollar, and the dollar against the mark. Just pay attention to the hot spots in the world. In China, the focus is on GDP, foreign exchange reserves, import and export trade volume, retail price index, residents' consumption price index and other indicators to determine the economic situation. Stock MarketPolicy and development direction. Because China Stock MarketThe impact of policy is very prominent, and for individual stocks due to China's Stock MarketStrong speculative nature, the performance and value of various listed companies are unstable, and few stocks often pay dividends. Therefore, it is extremely difficult to confirm the internal value of listed companies. However, if a listed company has a professional technical project or a restructuring prospect InvestmentAttractiveness. Others are relatively less important, but they do not mean that they are not concerned, such as earnings per share, assets and liabilities, share capital structure, and position in the industry.

Criterion 3

Basic AnalysisThe order should be clarified. Generally AnalysisMacro factors, followed AnalysisEconomic and policy trends, third-party Performance AnalysisFinally Analysis. This order should not be reversed. This order, from large to small, from macro to micro, enables you Stock MarketThere is a "panoramic scan" to avoid the appearance of a "one-leaf blind, no forest" situation, but also can be enhanced InvestmentPeer Stock Market InvestmentConfidence. However, we should emphasize that we should proceed in this order, not to say that we are the most important. On the contrary, the most important thing is the latter company. AnalysisBecause all of us AnalysisThe foothold is the value of a listed company. Only if the company has a better development prospects, then we should InvestmentRegardless of the external situation.

Criterion 4

Basic AnalysisWe must also recognize the basics Analysis. People often perform basic operations AnalysisThen, InvestmentObject, but this does not tell us when to enter Stock MarketBuy or when to sell stocks. For example, a stock passes through AnalysisIt is assumed that the cost is less than 10 yuan. InvestmentValue, but 9 yuan is good, 8 yuan is good, there is no final conclusion, and once the stock price rose to 40 yuan, far beyond its value, should be sold properly, but it may rise to 50 yuan, therefore, this method has some uncertainty in determining the stock price in and out of the market. It still needs to be solved by other methods. On the other hand, basic AnalysisBecause a large amount of data needs to be collected AnalysisThe accuracy of this vulnerability is compromised. These materials and data reflect the situations that have occurred. Therefore, it is known that there will always be some errors in the future. AnalysisThe obtained internal value may be inaccurate, which may affect Analysis. Another thing to note is that the internal value of the stock itself is also subjective, and it is constantly changing, which also adds the basic Analysis. For example AnalysisIt is hard to explain that the price of "Shanghai Merlin" rose from around 7 yuan to around 30 yuan within half a month, and the price determined to reflect its reasonable value.