Evaluation Model for Stocks of Real Estate Corporations Based on Multivariate Statistical Method

摘要

The stock of real estate corporations is a kind of the most popular stock in the stock market. The evaluation of stocks of real estate corporations influences the investor's decision and the result of financing sequentially. The traditional method of stock evaluation has an obvious disadvantage that it can't give a comprehensive evaluation for the stocks. For the sake of improving the traditional method to give a comprehensive evaluation to stocks of real estate corporations, this paper develops an evaluation model for stocks of real estate corporations by the multivariate statistical method including the principal component analysis method, the cluster analysis method, as well as the discriminant analysis method. Moreover, this paper gives an empirical evaluation to stocks of real estate corporations by the model and 31 stocks of real estate corporations in SSE (Shanghai Stock Exchange). Our study shows that the model can give a comprehensive evaluation to stocks of real estate corporations, so it has a theoretical and practical significance in the evaluation of stocks of real estate corporations.