Research On Stock Return Volatility And Panel Data Based On The Value Of Investor Relations

The ultimate goal of equity investments is to benefit, and to calculate the probability of obtaining a positive return is difficult. With the rapid development of China’s securities market and opening up, more and more investors to the stock market will increase the allocation of resources, and how investors can accurately and science selected investment targets, has become an important analysis of the decision.This paper uses statistical analysis and regression in the basic panel data model theory, the theory of income-related stocks, value investing theory, as many factors included in the panel data regression model, the perspective given to investors for stock selection and to improve the probability of obtaining positive returns, try to analyze the stock return volatility and the value of the investment relationship. In this paper, after a review of the theories about stock returns and the value of investment theory at home and abroad, the revenue and earnings volatility as a positive correlation between the research basis for this article, for each stock of between 4January 2009 to 31 December 2014 average revenue rank 50 selected stocks before and after the 50 stocks as the sample data multiple regression and panel data regression empirical analysis on the relationship between stock return volatility and the value of investments between the analysis and research, the final conclusion is based on the analysis of stock investors and stock market regulators to provide relevant recommendations.After the study, the following conclusions: First, find the relationship between stock returns and volatility of value investing is not a simple linear sense, but involves complex relationships between many factors variables. Empirical evidence shows that turnover, earnings, net profit growth rate of stock return volatility has a positive impact. Net profit growth rate is an important indicator of good or bad one proof growth of listed companies, and therefore net profit growth rate, the greater the volatility of stock returns. Basic earnings per share year on year growth rate is another important indicator of listed companies demonstrate growth, but its role is crucial if investors are able to lower the possibility of obtaining the benefits associated with reducing the risk posed by the stock, and therefore the basic earnings per share the higher year on year growth rate, the lower the stock return volatility. About book value, investors can use them according to actual situation of individuals.