The Relationships Between The Return Rates And Trading Volume Of China’ S Stock Market Based On Quantile Regression

The relationship between price and trading volume in the stockmarket has always been an important topic in the financial field. Studythe relationship between price and volume as a way to understand thefinancial market structure and also an important aspects to study marketefficiency.The relationship between price and volume for the awarenessand understanding of the stock, stock trading and stock market are mostfundamental and most important entry point. Special conditions for therelatively short history and development of the Chinese stock market, inorder to be comprehensive and profound knowledge and understanding,it also rely heavily on the relationship between price and volume.Paper is divided into five chapters. The first chapter is anintroduction to introduce the background and significance of thequestion, analyze and summarize the existing literature on the issue. Thesecond chapter is the introduction of some theoretical models on therelationship between price and volume. The third chapter is theinspection of the quantile regression model introduced, as well asparameter estimation methods and models of the test method. The fourthchapter is the empirical part of the price and volume relationship, alsothe main part of the article. The comparative analysis of the differencesbetween the Shanghai Composite and Shenzhen into the GEM indexrates of return and trading volume in three different forms. Chapter V is conclusion summarizes the conclusions of this paper, and put forwardappropriate policy recommendations.This study concluded that the quantile regression of this method isused in the analysis of price and volume relationship can be moreclearly depicts the yield in the high prices to the low-cost amount ofarea volume, but also more detaileddescribe the difference in rate ofreturn and trading volume at different stages. Shanghai Composite andShenzhen into a comparative analysis of the GEM index can be seen,significant differences in price and volume relationship in bull and bearmarkets of the blue chips and small-cap stocks.