The Blue-chip Market Characteristics And Financial Characteristics Of The Data Analysis

In the foreign stock market, investors named those huge companies who havedominant station, outstanding achievement, steady development, large scale of stock ,favourable bonus as Blue Chips. The market value scale, the ability of earning powerand the stability of growing up of the Blue Chips are all excelled the average standardof the market, they are very important leading power of the stock market. Along withthe stock market of China becoming mature gradually, and unseasing innovate offinancial derivative products just as the product of index, the importance ofresearching and investing the Blue Chips become more impendence .We comparedShangzheng 50 Index with Dow Jones industry 30 Index , made relativecomprehensive research on stock market character and financial character of BlueChips,and did the conclusion as follows: The character of capital market:1,The same with foreign Blue Chips that theyhave big market value;2,They don't have prominent ability to stand against thefalling trend of market and the ability to rise, 3,The same with foreign Blue Chipsthat most of them have the same risk with market, 4,Blue Chips' range of fluctuationof P/E are within the same range of industry,and they are also at the bottom of therange of industry.This means Blue Chips have more valueable on investment thanother corporation of the same industry. 5,most of domestic Blue Chips belong to theindustry life circle of steady increase. but most of foreign Blue Chips belong to theindustry life circle of mature.The character of finance: 1,The same with foreign Blue Chips that they have thesteady dividend payment rate, but they don't have the steady policy on dividendpayment;2,they have weak earning ability compare with foreign Blue Chips, but theyhave strong ability on increase of earning compare with foreign Blue Chips. 3,Thecapital outflow of domestic Blue Chips is prominent higher than that of industry, butwe can not find the same conclusion from foreign Blue Chips;4,The same withforeign Blue Chips that they have the steady financial policy.We can also conclude from our analysis that the achievement of the Blue Chipshas high relationship with macro-economical environment, economical cycle andindustry life cycle. It is very meaningful to recognize the future direction ofinvestment on stock market.