Analysis Of The Correlation Between The Stock Price Yield Of Listed Companies And Financial Indicators

Financial indicators are the main source of information in the securities market,and play an important role in the formation of stock prices and investor investment decisions.The focus of investors is the accounting information contained in the financial report of the listed company.The information it conveys is the most basic information needed to invest,while the financial indicators condense most of the accounting information in the financial report.People pay more and more attention to the research on the correlation between financial indicators and stock returns,which is the most closely related to which financial indicators,and how the degree of correlation is quantitatively analyzed and verified,which helps investors to Good investment decisions.Based on the theory of effective market,this paper uses the modern measurement theory to select the listed companies in the non-financial and real estate sectors of the non-financial and real estate sectors from 2015 to 2018 as a sample,and selects the common profitability indicators and operations of the company.Indicators,solvency indicators,growth indicators,valuation indicators,shareholder indicators,and add policy indicators,competitive indicators,innovative indicators as independent variables,using stock price volatility as a dependent variable,using correlation analysis,collinearity Analysis,unit root test,panel regression and other measurement methods,to examine the ability of financial indicators to interpret the stock price volatility,and try to screen out the financial indicators related to stock price volatility in the short-term and long-term,which helps investors to use appropriate The indicators analyze the stocks and make more reasonable investment decisions.At the same time,they analyze the reasons why some typical financial indicators are not related to the stock price volatility and the financial status is insufficient to explain the stock price volatility.The research in this paper finds that in the short term,valuation indicators,profit indicators,and solvency indicators are highly correlated with stock price yield,while operating indicators,industry indicators,growth indicators,innovation indicators,and management indicators fluctuate in the short term.There is no obvious relationship between the rates.In the long run,most of the indicators are significantly related to stock price changes.The most important financial indicator is market share,which has the highest correlation with stock price yield,while industry competitive indicators and operating indicators are negatively correlated with stock price volatility.Relationships,the correlation between debt repayment indicators and stock price yield are not significant.