Stock's Value Analysing-the Introducing And Applying Of Hurst Exponent

First, this article compare the new (Hurst exponent) and the old analytical instrument, then make clear the definition of the BETA index and the CAPM model.And analyze Chinese stocks market to know the relationship betweem the stocks'profit and the risk.Through the analyzing, the conclusion is: Chinese stocks market is far below maturity; the stock's yield fluctuate frequently and being chaotic; Chinese stocks yields have no relation to their benefit or management degree, but based on the profit by capital transacting.