Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Business and Policy Studies

Series Vol. 13 , 13 September 2023


Open Access | Article

The Comparative Analysis of the Influence of Shanghai Composite Index and Shenzhen Component Index on stock return of Contemporary Amperex Technology Co. Limited (CATL)

Leyan Jiang * 1
1 Beijing Forestry University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 13, 154-160
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Leyan Jiang. The Comparative Analysis of the Influence of Shanghai Composite Index and Shenzhen Component Index on stock return of Contemporary Amperex Technology Co. Limited (CATL). AEMPS (2023) Vol. 13: 154-160. DOI: 10.54254/2754-1169/13/20230693.

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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated