Analysis of the Characters of China Stock Market's Long-Term Investment Returns

• DOI: 10.1109/icee.2012.1061
• Publication Date: 2012-05-11
• Authors: Gang Li; Weifeng Xu; Zhaoming Zhu
• Keywords: Stock (firearms); Investment value; Investment; Growth stock; Treasury

Based on the value of investment theory, using annual compound growth returns rate as major indicator after adjusting price according to ex-rights and dividends, this article conducts an analysis Long-term during 1991 2008 Shenzhen Stock Market. Study found that long-term industry are quite different, existing large-cap effect small firm effect, also having a clearly volatility characteristic compared Treasury yields.