Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 13 , 13 September 2023
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The Comparative Analysis of the Influence of Shanghai Composite Index and Shenzhen Component Index on stock return of Contemporary Amperex Technology Co. Limited (CATL)
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Abstract
CATL has been a popular choice among all the stocks in China’s stock market and has been recognized by many investment institutions as a good choice for long-term holding. However, its stock return always varies in Shanghai Composite Index and Shenzhen Component Index and no previous research has been done in terms of this area. Thus, to figure out the influence each market does on CATL’s stock, this research applied Capital Asset Pricing Model (CAPM) as the quantitative calculation method and made a linear regression to calculate the difference in return by analyzing the P-value, coefficients (β) and intercepts (α). The findings indicate that CATL’s stock price is more highly valued by the Shenzhen Component Index while Shanghai Stock Exchange has a more significant influence on CATL’s stock. In addition, the effectiveness of the CAPM model in stock valuation is further verified through the comparative analysis.
Keywords
CATL, CAPM, stock return, Shanghai composite index, and Shenzhen component index
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-69-0
- ISBN (Online)
- 978-1-915371-70-6
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/13/20230693
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited