Stock trading is an investment project that requires certain skills. However, in stock trading, even novice investors have never heard of some technical terms, such as trend line. The following is the trend line collected by Bian Xiao. Welcome to refer to.
What is a trend line?
Trend line is a line used by technical analysts to draw the past price trend of securities (stocks) or commodity futures in order to predict the future price changes.
Trend line is one of the most commonly used methods in technical analysis, but at the same time, it has not been effectively and fully utilized. If the trend line is drawn correctly, it will be very accurate, just like other technical analysis methods. But the problem is that most traders can't draw the trend line correctly, or try to make the trend line conform to the market, and what we need is to make the market conform to our trend line.
The most basic form of the trend line is that in an upward trend, the straight line connecting the obvious support area (the lowest point) is the trend line. In the downward trend, the straight line connecting the obvious resistance area (the highest point) is also the trend line. There are three trends: upward trend (higher low point), downward trend (lower high point) and horizontal trend (regional shock).
What does the commission ratio of stocks mean?
Stock commission rate is a commonly used market data, which can show the comparison of the number of pending orders between entrusted buying and entrusted selling in real time. Commission ratio = (the total number of consigned lots in the fifth bidding-the total number of consigned lots in the fifth bidding)/(the number of consigned buyers+the number of consigned lots) X 100%, ranging from-100% to+100%. When the value of commission ratio is+100%, the daily limit of individual stocks is limited; On the other hand, when the commission ratio value is-100%, the stocks are daily limit.
Matters needing attention in stock entrustment are as follows:
1. Generally speaking, the commission ratio indicator shows the imbalance of buying and selling intentions, but it cannot reflect the activity of stocks. Activity depends on the stock turnover rate. At the same time, it should be noted that the value of commission ratio is constantly changing.
Second, the commission ratio index is not a real index. Because trading orders are revocable before trading, the commission ratio index can be artificially created. In the actual trading process, it is not appropriate to rely solely on the commission ratio index for trading.
Thirdly, with the development of computing technology, in high-frequency quantitative trading, we can capture the dynamic change information of the withdrawal amount in time, and on this basis, we can preliminarily judge the false pending orders and roughly calculate the real commission amount, thus improving the authenticity and availability of the commission proportion index.
The sum of the difference between the consignment value and the sale value of all stocks in the market is a value that is not easily disturbed by anyone. It is a relatively real data, because there is no single main force that can influence it, let alone retail investors. It is a comprehensive reflection of all the main players and retail investors, and can reflect the real willingness of the market to buy and sell. According to this data, we can judge the short-term direction of the market and whether the market is turning. The value is positive, indicating that the buying enthusiasm is high and the market is likely to rise. On the contrary, it shows that selling more is more likely to fall.
Influencing factors of return on net assets
return on total assets
Net assets are a part of all assets of an enterprise, so the return on net assets is bound to be influenced by the return on total assets of the enterprise. The higher the return on total assets is, the higher the ROE will be under the condition that the debt interest rate and capital composition remain unchanged.
RATE OF INTEREST ON THE DEBT
The reason why the debt interest rate affects the return on net assets is that under a certain capital structure, when the change of debt interest rate makes the total return on assets higher than the debt interest rate, it will have a favorable impact on the return on net assets; On the contrary, when the return on total assets is lower than the debt interest rate, it will adversely affect the return on net assets.
Ratio of capital structure or liabilities to owners' equity
When the return on total assets is higher than the debt interest rate, increasing the ratio of debt to owner's equity will increase the return on net assets; On the contrary, reducing the ratio of debt to total equity will reduce the return on equity.
Income tax rate
Because the numerator of ROE is net profit, namely after-tax profit, the change of income tax rate will inevitably lead to the change of ROE. Under normal circumstances, the income tax rate increases and the return on net assets decreases; On the contrary, the return on equity will rise.
The following formula can reflect the relationship between ROE and various influencing factors:
Return on net assets = net profit/average net assets = (earnings before interest and tax-debt interest rate) (1- income tax rate)/average net assets.