1. PE = stock price / earnings per share ratio = total market capitalization / net profit.
The total market value changes with the daily closing price of the stock. When the change in net profit is not taken into account, when the stock price rises, the PE also rises simultaneously.
The static P/E ratio refers to the current total market value divided by the company's net profit in the previous year.
2. TTM (Trailing Twelve Months) is a professional term in stock investment and financial analysis.
The significance of introducing TTM is to eliminate seasonal changes in financial analysis, making the analysis more rigorous and logical.
TTM literally means rolling 12 months, which is the most recent 12 consecutive months.
Usually, TTM is used for financial statement analysis, using the last 12 months (or the last 4 quarters) as a cycle for analysis and comparison.
TTM is often used to compare with the previous 12-month period to draw a trend.
3. In China, TTM is often narrowly defined as price-to-earnings ratio TTM.
P/E ratio TTM, also known as rolling P/E ratio, generally refers to the P/E ratio within a certain inspection period (usually 12 consecutive months/4 financial quarters).
Basic knowledge of stock trading 1. Stamp duty: 1‰ of the transaction amount.
From September 19, 2008 to now, the tax collection has been changed from bilateral collection to unilateral collection from the transferor.
The transferee no longer pays stamp duty.
The tax paid by investors to the finance and taxation department after the transaction is completed.
Shanghai stocks and Shenzhen stocks are paid at one thousandth of the actual transaction amount. This tax is withheld by the securities firm and paid uniformly by the exchange.
Bond and fund transactions are exempt from this tax.
2. Securities management fee: approximately 0,002% of the transaction amount. 3. Securities transaction handling fee: A share, 0,00696% of the transaction amount; B shares, 0,0001% of the transaction amount bilaterally; Fund
, 0,00975% will be charged bilaterally based on the transaction amount; for warrants, 0,0045% will be charged bilaterally based on the transaction amount.
The total of charges for A-shares 2 and 3 is called transaction fees, which total 0.00896% of the transaction amount and is included in the brokerage transaction commission.
4. Transfer fee (has been changed to be charged in both Shanghai and Shenzhen from August 1, 2015): This refers to the fee required to change the account name after the stock transaction.
According to the "Notice on Matters Related to Adjustment of A-share Transaction Transfer Fee Charges" issued by China Depository and Clearing Corporation, it has been changed to be charged in both Shanghai and Shenzhen from August 1, 2015. This fee is calculated at 0,002 of the transaction amount.
% charge.
5. Brokerage transaction commission: The maximum is no more than 3‰ of the transaction amount, and the minimum is 5 yuan. The commission for a single transaction is less than 5 yuan and is charged at 5 yuan.