基于经济周期的大小盘股票风格研究

Large and Small Cap Stocks Styles Research based on Economic Cycle

利用Logistic模型分析在经济周期中不同市场的变量,尤其是市场流动性和物价水平与大盘股的表现之间的关系,发现存在内在规律。Logistic模型对大小盘风格预测的效果比较理想,可以使用这些因素来实现大盘股和小盘股风格的预测,有效用来指导制定交易和投资策略。

The article uses Logistic model to analyze the different market variables in the economic cycle,especially,the relationship between the market liquidity,price level and the performance of large-cap stocks,from which the inherent law is found.The effects of Logistic model in predicting the size of cap-style is ideal,these factors can be applied for the forecast of the styles of large-cap stocks and small-cap stocks effectively,and then for the guidance of the development of trade and investment strategies.