I. Fundamental analysis Fundamentals are the only determinant of the long-term investment value of stocks. What every value investor must do before selecting stocks is to thoroughly analyze the fundamentals of the enterprise. The basic analysis of stock index futures mainly focuses on the fundamental factors of the stock market, such as macroeconomics and various industries.
Industry analysis: 1. Industry characteristics. The fluctuation of the industry is not big, and it has a strong periodicity; 2. Market space of the industry. If the industry has a large development space, it means that the growth of enterprises is relatively good, and consumption upgrading and rapid economic development will bring new development possibilities to this industry; 3. The living environment of the industry. Excessive fierce competition will inevitably reduce the profitability of enterprises, and vicious competition will make all enterprises fall into losses.
Macro-economic environment: In fact, the impact of macro-economy and politics on enterprises can be included in the analysis of industry level. Macro factors such as economic cycle, interest rate and inflation have little influence on truly excellent enterprises. We only need to pay attention to whether they have a significant impact on the development trend of the industry at the macro level. For export-oriented enterprises or enterprises with a large proportion of raw material imports, we should pay attention to the impact of RMB appreciation and exchange rate changes.
Second, the analysis of technical indicators is to predict the future trend of stock market price changes, with charts as the main means to study market behavior, which is a perfect combination of different research methods and professional fields.
Basic analysis mainly studies the relationship between supply and demand that leads to price fluctuation, while technical analysis mainly studies market behavior. Among them, MACD, Bohr and KDJ are the most commonly used indicators, and the price is the easiest to falsify, but the actual trading volume is more real and reliable, and the fundamental quantification is the most effective.
Third, market expectations and policy impact A more obvious feature of the A-share market is speculative expectations and policy impact. Therefore, the emergence of good and bad news will have an impact on the trend of individual stocks, and after forming strong market expectations, it will become a situation that is expected to affect the trend. As far as policy is concerned, the supervision of China Securities Regulatory Commission not only plays a supporting role in China stock market, but also any political actions and decisions will have a significant impact on China stock market.
Finally, it is strongly recommended that novice investors gradually become familiar with the daily resumption work, their own thinking mode and logical mode, and better apply them to practical operation analysis.