Capital Asset Pricing Model (CAPM) is an important investment portfolio model,which is developmented from Markowitz’s investment portfolio theory. This paper initially verifies CAPM by means of the statistical regre...Capital Asset Pricing Model (CAPM) is an important investment portfolio model,which is developmented from Markowitz’s investment portfolio theory. This paper initially verifies CAPM by means of the statistical regression analysis on the data in Shanghai stock exchange, including 164 kinds of going public stocks, from September 1992 to October 1994. The paper analyzes the current situation of China stock exchange and suggests how to develop its trade.展开更多
文摘Capital Asset Pricing Model (CAPM) is an important investment portfolio model,which is developmented from Markowitz’s investment portfolio theory. This paper initially verifies CAPM by means of the statistical regression analysis on the data in Shanghai stock exchange, including 164 kinds of going public stocks, from September 1992 to October 1994. The paper analyzes the current situation of China stock exchange and suggests how to develop its trade.
