基于内在价值理念的股票长线组合投资实证研究

Research of empirical evidence on the stock long-term portfolio investment based on the concept of the intrinsic value

以内在价值为基础,提出了一个估算内在价值的方法,然后考察了组合投资的收益率,并用随机过程的方法讨论长期组合投资稳健盈利的投资策略问题,证明以内在价值为基准实施低买高卖的投资策略的有效性.

The investment strategy of long-term portfolio investment and steady profits is discussed with the method of stochastic process based on intrinsic value. The effectuality of the investment strategy with the module of low-buy-high-sell based on intrinsic value can be proved by the rational estimation of the stock value by using the earning ratio. The strategy is summed up based on the practice of long-term investment having practical feasibility.