The share price of the same listed company has always been higher than that of the Hong Kong Stock Exchange, and now it is the other way around. This is called upside down.
This is because different markets, different investment groups and different circulation methods.
Theoretically, the two prices will gradually converge. But it won't have much impact in reality.
2. The stock price is upside down, that is, the company's stock price is lower than its fixed reserve price.
In private placement, the issue price is generally lower than the share price at that time, but due to the decline of share price, the share price is lower than the issue price. If it continues, it will lead to abortion of private placement.
Basic knowledge of stock: what is the upside-down state of stock price, that is, the company's stock price is lower than its fixed reserve price.
Stock price inversion means that the same listed company is listed on two different exchanges, and the stock prices in the two places are different.
The share price of the same listed company has always been higher than that of the Hong Kong Stock Exchange, and now it is the other way around. This is called upside down.
This is because different markets, different investment groups and different circulation methods.
Theoretically, the two prices will gradually converge. But it won't have much impact in reality.
Why is Ping An's stock price upside down? You mean the prices of H shares and A shares. This is related to the investment habits of the two places. China stock market is now a speculative market, and likes to restructure. Hong Kong is dominated by investment, and institutions like to make a big market, which leads to price inversion. Not only is it safe, but many large-cap stocks of A shares are upside down.
What do you mean by price inversion in stocks and futures respectively? Price inversion in futures mainly means that the futures price is lower than the spot price, resulting in inversion.
This concept is rarely used in the stock market because of the lack of comparative reference. For the shares of the same company listed on different exchanges, such as A shares and H shares, if the price of H shares is higher than A shares, it can also be called upside down, which is inconsistent with people's customary cognition.
What is the meaning of convertible bonds? What is the impact on the stock price? Stock convertible bond: a special corporate bond that can be converted into common stock at a specific time and under specific conditions. It is the abbreviation of convertible corporate bonds, which has the characteristics of both bonds and stocks.
As a kind of debt with low interest rate, stock convertible bonds have fixed interest income, and investors can obtain the income from selling common shares or dividend income through exchange. The biggest advantage of debt-to-equity swap is that it combines the advantages of stock and debt, the long-term growth potential of stock and the security and profitability of debt.
Investment is a risky activity. Since convertible bonds are an investment, there will be risks. Investors should bear the risk of stock price fluctuation when investing in convertible bonds. Stock price fluctuation has a great influence on convertible bonds, which directly affects investors' income and the risk of interest loss is also great. We all know how much interest rate affects the stock market. When the stock price falls below the conversion price, convertible bond investors will be forced to become bond investors. Investors must choose a good investment strategy when converting stocks into bonds, and the skills of stock selection are very important. When the market situation is favorable, convertible bonds will rise with the market price, and when it rises above its cost price, it is a good opportunity to sell stocks and become bonds, and directly gain income. However, if the market is tired, the stock prices of convertible bonds and issuing companies will both show a downward trend, and the calculation results of stock indexes are not optimistic. In the case that it is not cost-effective for investors to sell stocks into bonds or convert them into stocks. If the stock market returns to a strong position or the company's performance is optimistic and the stock price rises, investors can convert convertible bonds into stocks.
What does the stock price-earnings ratio mean? Does it have a big impact on the stock price? P/E ratio refers to the ratio of stock price to earnings per share in a survey period (usually 12 months). Investors usually use this ratio to estimate the investment value of a stock, or use this indicator to compare the stocks of different companies. "P/E ratio" means P/E ratio; "Price per share" refers to the share price per share; Earnings per share represents earnings per share. That is, the ratio (P/E) between the stock price and the after-tax profit per share of the stock in the previous year is a dynamic indicator to measure the investment value of the stock. The relationship with stocks lies in the ratio of share price to earnings per share.
It's all a kind of financial investment, and the income is ok. But the difference between the two is quite big. 1. Stocks can only be long, not short. In other words, stocks can only make money if they go up, but they can't make money if they go down. Spot crude oil can make money when it goes up or down. 2. The stock has no leverage. 1000 yuan can only buy shares of 1000 yuan. 3. The stock is made in China, and there are dealers in it, and the spot crude oil is made internationally. Due to the huge trading volume, the daily trading volume reaches 20 trillion US dollars, so there is no banker inside, and the market is fairer. 4. The information in the stock market is asymmetric, and there are always some people who know the information first. Because of information asymmetry, retail investors are always at a disadvantage. 5. There are restrictions on the rise and fall of stocks, but there are no restrictions on crude oil. 6. The hardest thing to do is to choose stocks. There are too many varieties, but the variety of crude oil is single.
Therefore, compared with stocks, crude oil is relatively simple and the risk is easier to control!
P/E ratio is the ratio of price per share to earnings per share, which is a reference index of stock price and is generally used for comparison in the same industry.
P/E ratio is divided into dynamic and dynamic, and static is used more.
What has a direct impact on the price of A shares is the volume of transactions.
Stock price-earnings ratio = share price/annual earnings per share (EPS) (or price-earnings ratio = market value/annual profit attributable to shareholders). P/E ratio has no effect on stock price, on the contrary, stock price has an effect on P/E ratio, which is one of the indicators to reflect whether the stock price is reasonable or not.
Price-earnings ratio (P/E): Also known as price-earnings ratio, stock price-earnings ratio or market price-earnings ratio, it is one of the most commonly used indicators to evaluate whether the stock price level is reasonable. Divide the share price of a stock by the annual earnings per share (EPS), and divide the company's market value by the annual profit attributable to shareholders to get the same result.
Historical P/E ratio and estimated P/E ratio:
When calculating, the stock price usually takes the latest closing price, and if EPS is calculated according to the published EPS of the previous year, it is called historical price-earnings ratio; If it is calculated by the EPS estimated value of the average market forecast (that is, the estimated average value or median value obtained by the organization tracking the company's performance collecting the forecasts of many analysts), it is called the estimated P/E ratio.
P/E ratio can also be divided into static P/E ratio and dynamic P/E ratio:
The price-earnings ratio widely discussed in the market usually refers to the static price-earnings ratio, and the ratio of price per share to earnings per share is usually used as an indicator to compare whether stocks with different prices are overvalued or undervalued. Dynamic P/E ratio is calculated by multiplying static P/E ratio by dynamic coefficient. The coefficient is 1÷( 1+i)n, where I is the growth ratio of earnings per share and n is the duration of sustainable development of the enterprise.
It is generally believed that if the price-earnings ratio of a company's stock is too high, then the price of the stock is in a bubble and its value is overvalued. However, when a company grows rapidly and its future performance is promising, the high P/E ratio is also reasonable.
When comparing the investment value of different stocks with P/E ratio, these stocks must belong to the same industry, because at this time, the company's earnings per share are close and more effective.
Factors affecting stock prices:
The economic situation of the country where the company is located; The development status and industrial policy of the company's industry; The operation and management of the company, the ability and efficiency of the management; Whether the products of the company are marketable, market share, product profit level, etc.
The relationship between the supply and demand of the company's stock in the capital market also has an impact on the stock price. Stocks were snapped up. If supply exceeds demand, the stock price will rise. If a large number of stocks are sold and supply exceeds demand, the stock price will fall.
The stock price is determined by the stock value and influenced by the relationship between supply and demand of the stock, rather than the price-earnings ratio. P/E ratio is only one of the indicators used to evaluate whether the stock price level is reasonable. For the same price-earnings ratio of the same company, different investors will have different views, and all think that the stock price is too high or cheap. The stock price is the cause, the price-earnings ratio is the result, and the causal relationship cannot be reversed.
P/E ratio refers to the ratio of stock price to earnings per share in a survey period (usually 12 months). Investors usually use this ratio to estimate the investment value of a stock, or use this indicator to compare the stocks of different companies. P/E ratio is usually used as an indicator to compare whether stocks with different prices are overvalued or undervalued. Now stocks are not easy to do, so we can consider other things, such as crude oil, gold, silver and so on.
Price-earnings ratio (PE) refers to the ratio of price per share to earnings per share, reflecting the price investors are willing to pay for each yuan of profit. The higher the ratio, the greater the future growth potential of the company. The usage is to compare two similar companies. Because there are no two identical companies, this indicator is sometimes very effective, and sometimes it is just a reference.
The improvement of P/E ratio is only one aspect of fundamentals, and cannot be used as the only principle of stock selection. More importantly, it depends on whether there is big capital to enter. China's stock market is still capital-driven, and even the best stocks can't rise without capital. Our shareholders' funds are pitiful, and it is impossible to control the rise and fall of stocks, so we can only follow the big funds. So pay attention to the trend of stock price, hoping to help you.