The Research On Factors Of Affecting The Stock Valuation Of Non-ferrous Metal Industry

Periodicity industry is that its performance showed a significant cyclical fluctuation. There is a significant link between the fluctuation of periodicity industry and economic cycle. As a typical periodicity industry, non-ferrous industry has general characteristics of periodicity industry. Therefore, when investing non-ferrous metals industry, we must pay attention to the following aspects:The first, what characteristics does periodicity industry have? And how these characteristics affect the stock prices of listed companies? The second, how we apply traditional valuation methods to periodicity industry including non-ferrous metals industry. The third, what factors affect the stock prices of non-ferrous metals industry companies? And how should we analyze these factors in order to determine the investment value of the non-ferrous metals industry?Based on the above issues, the thesis mainly includes the following sections: The first section is the valuation characteristics of periodicity industry. In this thesis, we show how to improve valuation methods in order to be able to be applied to periodicity industry. The second section is the valuation characteristics of non-ferrous metals industry? We analyzed how the metal futures affect the listed stock price. The third section is the empirical study concerning the link of futures’prices and stocks’prices.