Analysis Of The Correlation Between The Achievement Of Chinese Public Company And The Stock Price

The market efficiency of Chinese stock market, especially the efficiency of the stock price is the most concerned issue of the investors in the stock market. Dose the stock price reflect the public company's real value quickly and entirely? How much do the indexes influence the stock price? Can the investors forecast the stock price by forecasting the company's achievement? These problems are significant to the investment elections of the investors.In my research, firstly, on the basis of the theories that evaluate the achievement of public company, this paper established a new evaluating system of the achievement of public company. Secondly, this paper analyzed the correlation between the indexes representing the achievement of public company and the stock price by using the methods of correlate analysis and regression analysis. This analysis used the public company samples which are picked from the period of 1999 to 2004. This paper got a conclusion that the correlation between the achievement of Chinese public company and the stock price is comparatively weak, but the correlation has became stronger in 2004. At last, this paper analyzed the factors that weaken the stock market efficiency. These factors include the activities of government, investors and public companies and etc.