首页|Research on the prediction of rate of return in China's coal industry——Based on CAPM Theory and Fama-French three-factor model
Research on the prediction of rate of return in China's coal industry——Based on CAPM Theory and Fama-French three-factor model
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NETL
NSTL
万方数据
According to the stock data of coal companies listed in China's A-share market from 2013 to 2017, the application of CAPM and Fama-French three-factor model in rate of return prediction is analyzed. Ad the paper draws the following conclusions: China's coal industry stock market has significant size and value effects;both models can explain the risks faced by the stocks in coal industry although adjusted of some portfolio are not very significant , but the FF3 model is superior to the CAPM model.
NETL
NSTL
万方数据
