中国股市渔业板块的波动特征分析

Analysis of Volatility Characteristics about China's Stock Market Fishery Sector

参照上证指数的波动特征对中国股市渔业板块的波动特征进行分析,研究导致股市异常波动的影响因素和股价异常波动的特点。结果表明:渔业板块市场具有异常波动的特点,但是相对上证指数来说,渔业板块指数发生暴涨暴跌的可能性会比较小一点,市场对波动冲击的反应也比较灵敏,它的"长久记忆性特征"也没有那么显著,投资者对利好消息的反应更加强烈。渔业板块呈现相对中国整体股市波动比较适度的情况,在此基础上,针对渔业板块进一步良好的发展提出相关政策建议。

This paper analyzes the volatility of China＇s fishery sector with reference to the Shanghai composite index, and then makes a study of the influence factors of research findings in the stock market＇s abnormal fluctuation and the characteristics of abnormal fluctuation. The results show that the fishery sector market has is characterized by abnormal fluctuation. However,it is not easy for the fishery sector to undergo on uneven market,the market is more sensitively in responsive to the sonic blaster,its long memory characteristic is not so significant,and the investors＂ mentality is more sensitive to good news,relative to the Shanghai composite index. Fishery sector presents a situation that the volatility is moderate relative to the whole China＇s stock market. Therefore,this paper puts forward relevant policy suggestions in view of the fishery sector＇s further sound development.