Feasibility Research Of ERPT Stock Investing Strategy

The research of stock investing strategy is a new branch of our security market. Firstly the concepts, the sorts and the domestic and foreign academic achievements explained which provides the theoretic foundation and logical starting point for the following research. Economic Value Added (EVA), the new concept of the external managerial experience, is used to select stock in the securities analysis. In accordance with the idea of value investment, we select and invest stocks with the high spirit of the enterprise manger. The author adopts several update econometrical methods to carry out above-mentioned research proposals, include factor analysis and non-parameter study. Combined with my practical experience in stocks and futures trading, we used technical trading system to select a good time to buy and sell the stocks. The above procedure is named ERPT(EVA -Risk-Price-Technical Trading System) stock investing strategy. What I have done above is expected to make it have certain reference value for perfecting investor's behavior and further researching into this area. The investing strategy, with stock selection and time selection, quantitative analysis and qualitative analysis, can perfect investor's idea of investment decision.Full and accurate data proved that the anomalous return was existed in the security market of our country .And we can see that it is feasible for the ERPT stock investing strategy to be used.This article can bring in anomalous directive function in practice. The security market of our country is at a very important turning point .Its operation layout is going to change greatly. Initiating the concept of value investment in current situation meets the general trend of the mainstream in international investment. The conclusion of the empirical research will provide certain reference value for investors in investment decision for stock choice.