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    1. 当前位置: 牛股吴粉胡网 > 股票公式指标 > 想提前知道你的股票能增值多少吗?教你一个神秘公式!

      想提前知道你的股票能增值多少吗?教你一个神秘公式!

      2020-04-18 0条评论

      上[shang]期[qi]做[zuo]了[liao]一[yi]些[xie]“热[re]身[shen]训[xun]练[lian]”,教[jiao]大[da]家[jia]一[yi]些[xie]基[ji]础[chu]的[de]理[li]念[nian]和[he]意[yi]识[shi]。本[ben]期[qi]我[wo]们[men]将[jiang]具[ju]体[ti]讨[tao]论[lun]股[gu]票[piao]和[he]债[zhai]券[quan]投[tou]资[zi]的[de]风[feng]险[xian]和[he]回[hui]报[bao],教[jiao]你[ni]成[cheng]为[wei]金[jin]融[rong]市[shi]场[chang]的[de]下[xia]注[zhu]者[zhe],虽[sui]然[ran]不[bu]能[nen]让[rang]你[ni]预[yu]测[ce]市[shi]场[chang],但[dan]至[zhi]少[shao]能[nen]提[ti]高[gao]你[ni]资[zi]产[chan]组[zu]合[he]的[de]盈[ying]利[li]可[ke]能[nen]。接[jie]下[xia]来[lai]为[wei]大[da]家[jia]介[jie]绍[shao]"[股[gu]票[piao]型[xing]基[ji]金[jin]收[shou]益[yi]计[ji]算[suan]公[gong]式[shi]]浅[qian]析[xi]想[xiang]提[ti]前[qian]知[zhi]道[dao]你[ni]的[de]股[gu]票[piao]能[nen]增[zeng]值[zhi]多[duo]少[shao]吗[ma]?教[jiao]你[ni]一[yi]个[ge]神[shen]秘[mi]公[gong]式[shi]!"不[bu]懂[dong]的[de]就[jiu]来[lai]看[kan]看[kan]吧[ba]
      想[xiang]提[ti]前[qian]知[zhi]道[dao]你[ni]的[de]股[gu]票[piao]能[nen]增[zeng]值[zhi]多[duo]少[shao]吗[ma]?教[jiao]你[ni]一[yi]个[ge]神[shen]秘[mi]公[gong]式[shi]!


      (一[yi])决[jue]定[ding]股[gu]票[piao]和[he]债[zhai]券[quan]收[shou]益[yi]的[de]因[yin]素[su]


      1)普[pu]通[tong]股[gu]


      普[pu]通[tong]股[gu]的[de]长[chang]期[qi]回[hui]报[bao]取[qu]决[jue]于[yu]两[liang]个[ge]主[zhu]要[yao]因[yin]素[su]:购[gou]买[mai]时[shi]的[de]红[hong]利[li]率[lv]、未[wei]来[lai]红[hong]利[li]增[zeng]长[chang]率[lv]。因[yin]为[wei]对[dui]于[yu]准[zhun]备[bei]永[yong]久[jiu]持[chi]有[you]股[gu]票[piao]的[de]股[gu]东[dong],普[pu]通[tong]股[gu]的[de]价[jia]值[zhi]等[deng]于[yu]未[wei]来[lai]红[hong]利[li]现[xian]金[jin]流[liu]的[de]“贴[tie]现[xian]值[zhi]”。如[ru]果[guo]公[gong]司[si]支[zhi]付[fu]的[de]红[hong]利[li]较[jiao]少[shao],把[ba]大[da]部[bu]分[fen]利[li]润[run]用[yong]于[yu]再[zai]投[tou]资[zi],那[na]么[me]将[jiang]提[ti]高[gao]未[wei]来[lai]红[hong]利[li]的[de]增[zeng]长[chang]率[lv]。


      因[yin]此[ci]我[wo]们[men]得[de]到[dao]个[ge]股[gu]或[huo]大[da]盘[pan]长[chang]期[qi]回[hui]报[bao]的[de]简[jian]明[ming]公[gong]式[shi]:


      长[chang]期[qi]股[gu]票[piao]投[tou]资[zi]收[shou]益[yi]率[lv]=期[qi]初[chu]红[hong]利[li]率[lv]+红[hong]利[li]增[zeng]长[chang]率[lv]


      例[li]如[ru],美[mei]国[guo]市[shi]场[chang]从[cong]1926年[nian]到[dao]1997年[nian],普[pu]通[tong]股[gu]的[de]年[nian]均[jun]回[hui]报[bao]率[lv]大[da]约[yue]11%,而[er]1926年[nian]1月[yue]大[da]盘[pan]的[de]红[hong]利[li]率[lv]略[lue]高[gao]于[yu]5%,以[yi]后[hou]每[mei]年[nian]红[hong]利[li]的[de]增[zeng]长[chang]率[lv]也[ye]大[da]致[zhi]为[wei]5%,这[zhe]样[yang]把[ba]期[qi]初[chu]的[de]红[hong]利[li]率[lv]加[jia]上[shang]增[zeng]长[chang]率[lv]就[jiu]得[de]到[dao]实[shi]际[ji]回[hui]报[bao]率[lv]的[de]近[jin]似[si]值[zhi]了[liao]。


      此[ci]外[wai],还[huai]有[you]第[di]三[san]个[ge]对[dui]股[gu]票[piao]投[tou]资[zi]的[de]收[shou]益[yi]率[lv]较[jiao]为[wei]重[zhong]要[yao]的[de]因[yin]素[su],就[jiu]是[shi]估[gu]价[jia]等[deng]式[shi],特[te]别[bie]是[shi]“股[gu]价[jia]-股[gu]利[li]倍[bei]数[shu]”,或[huo]“股[gu]价[jia]-收[shou]益[yi]倍[bei]数[shu](市[shi]盈[ying]率[lv])”。在[zai]繁[fan]荣[rong]时[shi]期[qi],股[gu]价[jia]-股[gu]利[li]倍[bei]数[shu]可[ke]以[yi]到[dao]数[shu]十[shi]倍[bei],在[zai]萧[xiao]条[tiao]时[shi]期[qi]也[ye]会[hui]跌[die]至[zhi]15倍[bei]以[yi]下[xia]。


      到[dao]了[liao]20世[shi]纪[ji]90年[nian]代[dai]后[hou],股[gu]价[jia]-股[gu]利[li]倍[bei]数[shu]一[yi]度[du]升[sheng]至[zhi]70倍[bei]。


      这[zhe]主[zhu]要[yao]是[shi]因[yin]为[wei],很[hen]多[duo]公[gong]司[si]开[kai]始[shi]以[yi]股[gu]票[piao]回[hui]购[gou]的[de]方[fang]式[shi]回[hui]馈[kui]股[gu]东[dong]、而[er]非[fei]增[zeng]加[jia]红[hong]利[li]。这[zhe]种[zhong]回[hui]购[gou],一[yi]种[zhong]是[shi]针[zhen]对[dui]股[gu]东[dong],一[yi]种[zhong]是[shi]针[zhen]对[dui]管[guan]理[li]层[ceng]。股[gu]票[piao]回[hui]购[gou]导[dao]致[zhi]发[fa]行[xing]在[zai]外[wai]的[de]股[gu]票[piao]数[shu]减[jian]少[shao],每[mei]股[gu]收[shou]益[yi]上[shang]升[sheng],引[yin]发[fa]股[gu]价[jia]上[shang]涨[zhang]。


      于[yu]是[shi],这[zhe]时[shi]候[hou],用[yong]“股[gu]价[jia]--收[shou]益[yi]倍[bei]数[shu](市[shi]盈[ying]率[lv])”评[ping]估[gu]股[gu]票[piao]的[de]收[shou]益[yi]能[nen]力[li],就[jiu]更[geng]为[wei]顺[shun]理[li]成[cheng]章[zhang]了[liao]。而[er]股[gu]利[li]的[de]增[zeng]长[chang]率[lv]也[ye]被[bei]“公[gong]司[si]盈[ying]利[li]的[de]增[zeng]长[chang]率[lv]”所[suo]取[qu]代[dai]。


      2)债[zhai]券[quan]


      再[zai]来[lai]看[kan]债[zhai]券[quan]的[de]收[shou]益[yi],约[yue]等[deng]于[yu]购[gou]买[mai]时[shi]已[yi]经[jing]确[que]定[ding]的[de]到[dao]期[qi]收[shou]益[yi]率[lv]。这[zhe]个[ge]收[shou]益[yi]来[lai]自[zi]于[yu]两[liang]方[fang]面[mian],一[yi]是[shi]利[li]息[xi]收[shou]益[yi],一[yi]是[shi]交[jiao]易[yi]的[de]价[jia]差[cha](受[shou]市[shi]场[chang]利[li]率[lv]影[ying]响[xiang])。


      举[ju]个[ge]例[li]子[zi],当[dang]债[zhai]券[quan]票[piao]面[mian]利[li]息[xi]为[wei]8%,但[dan]由[you]于[yu]利[li]率[lv]上[shang]升[sheng],导[dao]致[zhi]债[zhai]券[quan]价[jia]格[ge]下[xia]跌[die]4.5%,则[ze]投[tou]资[zi]者[zhe]获[huo]得[de]的[de]年[nian]回[hui]报[bao]只[zhi]有[you]8%-4.5%=3.5%。这[zhe]里[li]说[shuo]明[ming]下[xia],当[dang]利[li]率[lv]上[shang]升[sheng]时[shi],新[xin]发[fa]行[xing]债[zhai]券[quan]的[de]利[li]率[lv]会[hui]比[bi]旧[jiu]债[zhai]券[quan]更[geng]有[you]价[jia]值[zhi],于[yu]是[shi]旧[jiu]债[zhai]券[quan]的[de]价[jia]格[ge]会[hui]下[xia]降[jiang]。因[yin]此[ci],如[ru]果[guo]不[bu]是[shi]开[kai]始[shi]购[gou]买[mai]债[zhai]券[quan]、并[bing]持[chi]有[you]到[dao]期[qi](还[huai]本[ben]付[fu]息[xi]),则[ze]中[zhong]间[jian]买[mai]卖[mai]债[zhai]券[quan],是[shi]会[hui]有[you]亏[kui]损[sun]的[de]可[ke]能[nen]性[xing]的[de]。


      这[zhe]个[ge]就[jiu]是[shi]债[zhai]券[quan]的[de]利[li]率[lv]风[feng]险[xian],此[ci]外[wai]其[qi]实[shi]还[huai]有[you]信[xin]用[yong]风[feng]险[xian],就[jiu]是[shi]发[fa]债[zhai]公[gong]司[si]到[dao]期[qi]不[bu]能[nen]还[huai]本[ben]付[fu]息[xi]的[de]风[feng]险[xian],这[zhe]里[li]不[bu]再[zai]细[xi]说[shuo]。


      还[huai]有[you]通[tong]货[huo]膨[peng]胀[zhang]也[ye]对[dui]债[zhai]券[quan]有[you]较[jiao]大[da]影[ying]响[xiang],比[bi]如[ru]原[yuan]本[ben]债[zhai]券[quan]收[shou]益[yi]率[lv]为[wei]5%,如[ru]果[guo]通[tong]货[huo]膨[peng]胀[zhang]率[lv]等[deng]于[yu]5%,则[ze]债[zhai]券[quan]实[shi]际[ji]收[shou]益[yi]率[lv]等[deng]于[yu]0,因[yin]此[ci]此[ci]时[shi]新[xin]发[fa]债[zhai]券[quan]的[de]收[shou]益[yi]率[lv]必[bi]须[xu]至[zhi]少[shao]达[da]到[dao]10%,这[zhe]样[yang]旧[jiu]债[zhai]券[quan](发[fa]现[xian]利[li]率[lv]为[wei]5%)的[de]价[jia]格[ge]就[jiu]会[hui]大[da]幅[fu]下[xia]降[jiang],导[dao]致[zhi]投[tou]资[zi]者[zhe]受[shou]损[sun]。


      但[dan]是[shi]股[gu]票[piao]市[shi]场[chang]被[bei]认[ren]为[wei]不[bu]存[cun]在[zai]这[zhe]个[ge]通[tong]胀[zhang]问[wen]题[ti],因[yin]为[wei]企[qi]业[ye]的[de]全[quan]部[bu]实[shi]物[wu]资[zi]产[chan]、必[bi]要[yao]收[shou]益[yi]率[lv]也[ye]会[hui]跟[gen]随[sui]通[tong]胀[zhang]上[sha股票型基金收益计算公式ng]升[sheng]而[er]上[shang]升[sheng],因[yin]而[er]股[gu]市[shi]被[bei]认[ren]为[wei]是[shi]抵[di]御[yu]通[tong]货[huo]膨[peng]胀[zhang]的[de]重[zhong]要[yao]工[gong]具[ju]。


      此[ci]处[chu]做[zuo]个[ge]总[zong]结[jie]:


      股[gu]票[piao]收[shou]益[yi]率[lv]的[de]决[jue]定[ding]因[yin]素[su]:1)购[gou]买[mai]股[gu]票[piao]时[shi]的[de]初[chu]始[shi]股[gu]息[xi]收[shou]益[yi]率[lv];2)公[gong]司[si]盈[ying]利[li]的[de]增[zeng]长[chang]率[lv];3)基[ji]于[yu]市[shi]盈[ying]率[lv]的[de]定[ding]价[jia]变[bian]化[hua]。


      债[zhai]券[quan]收[shou]益[yi]率[lv]的[de]决[jue]定[ding]因[yin]素[su]:1)债[zhai]券[quan]被[bei]购[gou]买[mai]并[bing]计[ji]划[hua]持[chi]有[you]到[dao]期[qi]时[shi]的[de]初[chu]始[shi]收[shou]益[yi]率[lv];2)利[li]率[lv]变[bian]化[hua]对[dui]中[zhong]途[tu]买[mai]入[ru]卖[mai]出[chu]债[zhai]券[quan]的[de]投[tou]资[zi]者[zhe]的[de]债[zhai]券[quan]价[jia]格[ge]的[de]影[ying]响[xiang]。


      (二[er])金[jin]融[rong]市[shi]场[chang]收[shou]益[yi]率[lv]的[de]三[san]个[ge]时[shi]期[qi]


      如[ru]上[shang]图[tu]显[xian]示[shi],在[zai]二[er]战[zhan]后[hou]的[de]高[gao]速[su]增[zeng]长[chang]时[shi]期[qi](时[shi]期[qi]1),该[gai]时[shi]期[qi]因[yin]为[wei]二[er]战[zhan]后[hou]大[da]肆[si]消[xiao]费[fei]、减[jian]税[shui]计[ji]划[hua]、越[yue]战[zhan]支[zhi]出[chu]等[deng]刺[ci]激[ji],股[gu]票[piao]投[tou]资[zi]的[de]收[shou]益[yi]率[lv]远[yuan]远[yuan]战[zhan]胜[sheng]了[liao]通[tong]胀[zhang],而[er]因[yin]为[wei]利[li]率[lv]抬[tai]升[sheng],债[zhai]券[quan]的[de]收[shou]益[yi]则[ze]输[shu]给[gei]了[lia股票型基金收益计算公式o]通[tong]胀[zhang]。


      而[er]在[zai]70年[nian]代[dai],美[mei]国[guo]婴[ying]儿[er]潮[chao]的[de]年[nian]轻[qing]人[ren]长[chang]大[da]、产[chan]生[sheng]广[guang]泛[fan]的[de]反[fan]社[she]会[hui]情[qing]绪[xu],以[yi]及[ji]越[yue]南[nan]战[zhan]争[zheng]、石[shi]油[you]价[jia]格[ge]上[shang]涨[zhang]、自[zi]然[ran]灾[zai]害[hai]导[dao]致[zhi]的[de]食[shi]品[pin]短[duan]缺[que]导[dao]致[zhi]通[tong]胀[zhang]等[deng]共[gong]同[tong]影[ying]响[xiang]下[xia],给[gei]投[tou]资[zi]者[zhe]带[dai]来[lai]非[fei]常[chang]焦[jiao]虑[lv]的[de]时[shi]代[dai](时[shi]期[qi]2),这[zhe]一[yi]时[shi]期[qi]的[de]尾[wei]部[bu]还[huai]发[fa]生[sheng]高[gao]通[tong]胀[zhang]和[he]高[gao]失[shi]业[ye]同[tong]时[shi]出[chu]现[xian]的[de]“滞[zhi]胀[zhang]”。这[zhe]一[yi]时[shi]期[qi]所[suo]有[you]的[de]股[gu]票[piao]、债[zhai]券[quan]投[tou]资[zi]无[wu]一[yi]幸[xing]免[mian],都[du]输[shu]给[gei]了[liao]通[tong]胀[zhang]。而[er]此[ci]时[shi]黄[huang]金[jin]、不[bu]动[dong]产[chan]、艺[yi]术[shu]品[pin]等[deng]硬[ying]资[zi]产[chan]的[de]回[hui]报[bao]都[du]超[chao]过[guo]了[liao]两[liang]位[wei]数[shu]。


      此[ci]时[shi]的[de]市[shi]盈[ying]率[lv]大[da]幅[fu]下[xia]降[jiang]:


      最[zui]后[hou]到[dao]了[liao]第[di]3个[ge]时[shi]期[qi]--繁[fan]荣[rong]时[shi]期[qi],此[ci]时[shi]和[he]平[ping]占[zhan]据[ju]了[liao]主[zhu]流[liu]、一[yi]个[ge]无[wu]通[tong]胀[zhang]的[de]时[shi]代[dai]来[lai]临[lin],这[zhe]时[shi]股[gu]票[piao]、债[zhai]券[quan]投[tou]资[zi]都[du]迎[ying]来[lai]了[liao]黄[huang]金[jin]时[shi]代[dai],双[shuang]双[shuang]大[da]幅[fu]跑[pao]赢[ying]通[tong]胀[zhang]。此[ci]时[shi]大[da]盘[pan]市[shi]盈[ying]率[lv]从[cong]8倍[bei]增[zeng]加[jia]到[dao]25倍[bei]以[yi]上[shang],股[gu]价[jia]-股[gu]利[li]倍[bei]数[shu]从[cong]17倍[bei]膨[peng]胀[zhang]到[dao]70倍[bei]以[yi]上[shang]。


      不[bu]过[guo]也[ye]需[xu]要[yao]提[ti]醒[xing]的[de]是[shi],当[dang]市[shi]场[chang]过[guo]度[du]亢[kang]奋[fen]、股[gu]价[jia]持[chi]续[xu]上[shang]升[sheng]时[shi],他[ta]们[men]的[de]未[wei]来[lai]回[hui]报[bao]率[lv]将[jiang]会[hui]降[jiang]低[di],除[chu]非[fei]收[shou]益[yi]和[he]红[hong]利[li]倍[bei]数[shu]更[geng]进[jin]一[yi]步[bu]增[zeng]长[chang]。但[dan]是[shi]很[hen]显[xian]然[ran],这[zhe]是[shi]有[you]限[xian]制[zhi]的[de],另[ling]外[wai]一[yi]旦[dan]发[fa]生[sheng]系[xi]统[tong]性[xing]风[feng]险[xian]比[bi]如[ru]战[zhan]争[zheng]、衰[shuai]退[tui]、恐[kong]怖[bu]袭[xi]击[ji]、自[zi]然[ran]灾[zai]害[hai]等[deng],这[zhe]种[zhong]高[gao]估[gu]值[zhi]会[hui]瞬[shun]间[jian]崩[beng]溃[kui]。


      (三[san])举[ju]例[li]:如[ru]何[he]预[yu]测[ce]个[ge]股[gu]股[gu]票[piao]的[de]回[hui]报[bao]?


      埃[ai]克[ke]森[sen]公[gong]司[si]1998年[nian]年[nian]底[di]的[de]基[ji]本[ben]资[zi]料[liao]如[ru]下[xia]:


      根[gen]据[ju]历[li]史[shi]的[de]经[jing]验[yan],假[jia]设[she]埃[ai]克[ke]森[sen]公[gong]司[si]的[de]红[hong]利[li]、每[mei]股[gu]收[shou]益[yi]能[nen]以[yi]5.5%的[de]速[su]度[du]增[zeng]长[chang],那[na]么[me]1999年[nian]年[nian]底[di]可[ke]以[yi]得[de]到[dao]:


      这[zhe]样[yang],持[chi]有[you]埃[ai]克[ke]森[sen]公[gong]司[si]股[gu]票[piao]的[de]持[chi]有[you]人[ren]能[nen]期[qi]待[dai]的[de]收[shou]益[yi]就[jiu]是[shi]:


      而[er]如[ru]果[guo]用[yong]开[kai]篇[pian]的[de]公[gong]式[shi]计[ji]算[suan]:


      股[gu]票[piao]投[tou]资[zi]收[shou]益[yi]率[lv]=期[qi]初[chu]红[hong]利[li]率[lv]+红[hong]利[li]增[zeng]长[chang]率[lv]=2.5%+5.5%=8%


      可[ke]以[yi]看[kan]到[dao],两[liang]种[zhong]计[ji]算[suan]方[fang]法[fa]得[de]出[chu]的[de]结[jie]果[guo]基[ji]本[ben]一[yi]致[zhi]。埃[ai]克[ke]森[sen]公[gong]司[si]股[gu]票[piao]的[de]持[chi]有[you]人[ren]可[ke]以[yi]获[huo]得[de]每[mei]年[nian]8.1%的[de]回[hui]报[bao],其[qi]中[zhong]2.6%来[lai]自[zi]于[yu]股[gu]息[xi]收[shou]益[yi],5.5%来[lai]自[zi]于[yu]公[gong]司[si]的[de]成[cheng]长[chang]。只[zhi]要[yao]市[shi]盈[ying]率[lv]或[huo]股[gu]价[jia]-股[gu]利[li]倍[bei]数[shu]不[bu]变[bian],并[bing]且[qie]能[nen]预[yu]测[ce]长[chang]期[qi]增[zeng]长[chang]率[lv]时[shi],这[zhe]个[ge]办[ban]法[fa]就[jiu]起[qi]作[zuo]用[yong]。


      总[zong]结[jie]:


      其[qi]实[shi]从[cong]市[shi]盈[ying]率[lv]的[de]公[gong]式[shi]:股[gu]价[jia]/每[mei]股[gu]盈[ying]利[li],也[ye]可[ke]以[yi]看[kan]出[chu]大[da]致[zhi]的[de]逻[luo]辑[ji]关[guan]系[xi]:股[gu]利[li]的[de]增[zeng]长[chang]速[su]度[du]或[huo]盈[ying]利[li]的[de]增[zeng]长[chang]速[su]度[du],在[zai]市[shi]盈[ying]率[lv]不[bu]变[bian]下[xia],肯[ken]定[ding]是[shi]正[zheng]比[bi]例[li]关[guan]系[xi],知[zhi]道[dao]了[liao]股[gu]利[li]、盈[ying]利[li]增[zeng]长[chang]速[su]度[du],自[zi]然[ran]知[zhi]道[dao]了[liao]股[gu]价[jia]平[ping]均[jun]年[nian]涨[zhang]幅[fu],这[zhe]样[yang]持[chi]有[you]股[gu]票[piao]的[de]资[zi]本[ben]利[li]得[de]可[ke]以[yi]计[ji]算[suan]出[chu];剩[sheng]下[xia]持[chi]有[you]股[gu]票[piao]还[huai]有[you]红[hong]利[li]可[ke]拿[na],于[yu]是[shi]这[zhe]个[ge]资[zi]本[ben]利[li]得[de](股[gu]价[jia]年[nian]增[zeng]长[chang]率[lv])+红[hong]利[li]增[zeng]长[chang]率[lv],自[zi]然[ran]就[jiu]等[deng]于[yu]持[chi]有[you]股[gu]票[piao]的[de]投[tou]资[zi]回[hui]报[bao]率[lv]了[liao]。


      另[ling]外[wai],其[qi]实[shi]前[qian]面[mian]“三[san]个[ge]时[shi]期[qi]”的[de]例[li]子[zi]里[li],还[huai]加[jia]入[ru]了[liao]一[yi]个[ge]市[shi]盈[ying]率[lv]增[zeng]长[chang]情[qing]况[kuang],修[xiu]正[zheng]后[hou]公[gong]式[shi]为[wei]:


      投[tou]资[zi]回[hui]报[bao]率[lv]=股[gu]息[xi]率[lv]+股[gu]息[xi]、盈[ying]利[li]增[zeng]长[chang]率[lv]+市[shi]盈[ying]率[lv]增[zeng]长[chang]率[lv]。


      大[da]家[jia]也[ye]可[ke]以[yi]基[ji]于[yu]此[ci],去[qu]测[ce]算[suan]一[yi]只[zhi]股[gu]票[piao]的[de]大[da]致[zhi]合[he]理[li]价[jia]格[ge],周[zhou]期[qi]越[yue]长[chang]越[yue]可[ke]靠[kao],因[yin]为[wei]可[ke]以[yi]熨[wei]平[ping]短[duan]期[qi]的[de]价[jia]格[ge]的[de]非[fei]理[li]性[xing]偏[pian]离[li]。比[bi]如[ru],海[hai]天[tian]味[wei]业[ye]近[jin]4年[nian]年[nian]利[li]润[run]复[fu]合[he]增[zeng]长[chang]率[lv]为[wei]33.6%左[zuo]右[you],2017年[nian]股[gu]息[xi]率[lv]为[wei]1.5%,则[ze]预[yu]计[ji]股[gu]票[piao]的[de]投[tou]资[zi]回[hui]报[bao]率[lv]=33.6%+1.5%+4.6%=39.7%。而[er]我[wo]们[men]看[kan]下[xia]2014年[nian]2月[yue]上[shang]市[shi]以[yi]来[lai],截[jie]止[zhi]2017年[nian]年[nian]底[di],海[hai]天[tian]味[wei]业[ye]股[gu]价[jia]正[zheng]好[hao]涨[zhang]幅[fu]是[shi]年[nian]化[hua]38.6%,两[liang]个[ge]投[tou]资[zi]回[hui]报[bao]数[shu]据[ju]几[ji]乎[hu]一[yi]致[zhi]。


      这[zhe]个[ge]方[fang]法[fa]不[bu]可[ke]能[nen]每[mei]年[nian]都[du]很[hen]准[zhun],但[dan]从[cong]非[fei]常[chang]长[chang]的[de]时[shi]间[jian]看[kan],预[yu]测[ce]结[jie]果[guo]会[hui]趋[qu]向[xiang]准[zhun]确[que]。短[duan]期[qi]内[na]可[ke]能[nen]受[shou]大[da]的[de]市[shi]场[chang]景[jing]气[qi]度[du]、市[shi]场[chang]情[qing]绪[xu]、炒[chao]作[zuo]资[zi]金[jin]等[deng]影[ying]响[xiang],股[gu]价[jia]出[chu]现[xian]偏[pian]离[li],即[ji]便[bian]盈[ying]利[li]其[qi]实[shi]并[bing]未[wei]变[bian]化[hua],但[dan]从[cong]较[jiao]长[chang]时[shi]间[jian]看[kan],平[ping]均[jun]每[mei]年[nian]情[qing]况[kuang]还[huai]是[shi]比[bi]较[jiao]准[zhun]的[de]。这[zhe]对[dui]投[tou]资[zi]者[zhe]也[ye]有[you]很[股票型基金收益计算公式hen]大[da]启[qi]示[shi],即[ji]只[zhi]要[yao]企[qi]业[ye]增[zeng]长[chang]保[bao]持[chi]稳[wen]健[jian],短[duan]期[qi]股[gu]价[jia]波[bo]动[dong]可[ke]以[yi]忽[hu]视[shi]不[bu]看[kan],甚[shen]至[zhi]越[yue]跌[die]的[de]股[gu]票[piao],可[ke]能[nen]意[yi]味[wei]着[zhou]未[wei]来[lai]价[jia]值[zhi]回[hui]归[gui]可[ke]能[nen]较[jiao]大[da]、提[ti]前[qian]布[bu]局[ju]低[di]估[gu]的[de]这[zhe]些[xie]股[gu],就[jiu]是[shi]不[bu]错[cuo]的[de]一[yi]个[ge]价[jia]值[zhi]选[xuan]股[gu]小[xiao]技[ji]能[nen]。而[er]如[ru]果[guo]股[gu]价[jia]明[ming]显[xian]偏[pian]离[li]企[qi]业[ye]实[shi]际[ji]增[zeng]长[chang]情[qing]况[kuang](指[zhi]高[gao]估[gu]),这[zhe]时[shi]再[zai]热[re]的[de]股[gu]票[piao]都[du]需[xu]要[yao]三[san]思[si]而[er]后[hou]行[xing]了[liao]!


      如[ru]果[guo]您[nin]想[xiang]了[liao]解[jie]更[geng]多[duo]的[de]理[li]财[cai]热[re]点[dian],学[xue]习[xi]更[geng]多[duo]接[jie]地[di]气[qi]的[de]投[tou]资[zi]理[li]财[cai]课[ke]程[cheng],想[xiang]参[can]与[yu]我[wo]们[men]的[de]直[zhi]播[bo]、并[bing]与[yu]我[wo]们[men]的[de]讲[jiang]师[shi]互[hu]动[dong],一[yi]定[ding]要[yao]关[guan]注[zhu]“好[hao]买[mai]商[shang]学[xue]院[yuan]”微[wei]信[xin]公[gong]众[zhong]号[hao](howbuyIE),并[bing]留[liu]言[yan]与[yu]我[wo]们[men]的[de]讲[jiang]师[shi]进[jin]行[xing]交[jiao]流[liu]~~




      想必此时大家知道"[股票型基金收益计算公式]浅析想提前知道你的股票能增值多少吗?教你一个神秘公式!"了吧?已经在上文为大家进行了介绍,相信各位在看完之后一定能够明白哦

      转载请注明来自,本文标题:想提前知道你的股票能增值多少吗?教你一个神秘公式!
      本文地址:http://www./gupiaogongshizhibiao/1379.html

      标签: 股票型基金收益计算公式

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