Evaluation of the performance in the electronic stock: high EPS, turn around v.s fast growth type

• Main Authors: Tsung-Ching Lin, 林宗慶
• Other Authors: You Kong Lee
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/93391546183096644711

碩士 === 淡江大學 === 國際貿易學系國際企業學碩士班 === 94 === Abstract: In related literatures, we find EPS（earnings per share）is the predominant variable which significantly affects the investing return. Besides the electronic stock is the focus of investors to trade and invest. We try to use the quarterly financial report data to establish portfolios of higher profit、turnaround and growth stock. We utilize buy and hold strategy to afford investors a simple and useful investment strategy. Investors needn’t ask specialized institution and gazing the stock price all the time, but even can beat the market. The main empirical findings are as below： 1. Listing Companies： （1）relative performance No matter which situation, the best is the portfolio of higher profit stock. （2）absolute performance a. when bull market and market index surpass electronic stock index, the best is the portfolio of turnaround stock. b. when bear market and no matter electronic stock index bull or bear, and electronic index surpass market, the best is the portfolio of higher profit stock. c. No matter bull or bear market and no matter which index surpass another, the worst is the portfolio of higher profit stock. 2.OTC Companies： （1）relative performance a. When bull electronic stock and market, and electronic stock index surpass market, the best is the portfolio of growth stock. b. When bear electronic stock and market, and market index surpass electronic stock index, the best is the portfolio of higher profit stock. （2）absolute performance a. When bull electronic stock and market, and electronic stock index surpass market, the best is the portfolio of growth stock. b. When bear electronic stock and market, and market index surpass market, the best is the portfolio of higher profit stock. c. No matter which situation , the worst is the portfolio of turnaround stock.