The Study On Chinese Stock Price Thoery

the valuation of stock is the important content of traditional financialinvestment theories, there are two main schools : basic analysis and technical analysis and laterreflect theory. In this paper, on the basis of summarizing the above theories, combing with the'actual situation of Chinese securities market, at the beginning, it discuss stock market, as asystem, set forth the nearly completely competition of stock market and incompIetelycompetition of individual stock, compare deal quantity elasticity of Shanghai securities dayindex, week index and month index, providing the quantitative theory basis of pressure price andsustain price; expound and prove observability and measurability of stock price system. Then,the paper research long memory of stock index and forecast it with period analysis. At last, itsimulate stock price with fraction analysis and dynamo method and put forward price model.