The Empirical Analysis Of The Influence Factors Of The NEEQ Company's Stock Price

In this paper,based on TMT industry,the influence factor of share price of company in the NEEQ is explained by empirical analysis.Through the analysis of relevant historical literature reading,academic research results all around the world,establishing the method of writing,and using all kinds of stock pricing theory and model for meticulous research.Based on the relative index of the NEEQ market and macroeconomic indicators related data collection and processing,by adopting the combination of qualitative and quantitative methods to analysis,build the quantitative equations of multiple linear regression equations and to determine the coefficient of each variable.The purpose was to explore the influencing factors of the NEEQ pricing and to compare the specific influence degree of each factor on the explained variables.This article from three factors of micro,intermediate and macro dimension using empirical analysis,and respectively by EPS,P/E ratio of TMT industry,and the CPI as a substitute for the above three factors to establish multiple regression analysis model.Data selection is representative in the TMT industry and can meet the analysis needs of this paper.In range of the time,this paper adopted the data from January 2014 to January 2018 as the sample period when market-maker system is established.On the cross-sectional data,choose the most representative of the 48 companies in TMT industry,formed by the analysis of the reason,and aimed at these reasons put forward relevant policies and constructive suggestions.To help investors better judge from the macro-economic situation,and to recognize the relationship between real economy and capital market,so as to make the right decisions,and also has a certain guiding role to policy makers.Through factor analysis,principal component analysis and multiple regression analysis,this article from the empirical analysis results showed that the share price in TMT industry of NEEQ companies is most affected by earnings per share,and its share price has a strong positive correlation,it shows that when investors choose underlying assets,they should first consider the micro factors.Both the stock price maker and the investor must take this as the standard first,and in the industry factor,the industry P/E ratio also needs the investor to carry on the analysis and the comparison;Among external macro factors,the influence of CPI cannot be ignored.Although other related factors also have a certain impact on the pricing of NEEQ companies,the impact of this effect is not big enough.