Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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Research on the Investment Value of Stocks in SSE Star Market Based on Factor Analysis and Cluster Analysis

Authors
Sini Yang1, *
1Electrical and Computer Engineering, Shanghai Jiao Tong University, Shanghai, China
*Corresponding author. Email: yangsini020612@sjtu.edu.cn
Corresponding Author
Sini Yang
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_27How to use a DOI?
Keywords
SSE Star Market; factor analysis; cluster analysis; investment value; Python
Abstract

This paper mainly focuses on the investment value of stocks in the SSE Star Market using factor analysis and cluster analysis with Python language. The SSE Star Market is an important platform in Shanghai and even China since it gathers resources and capitals of innovation and technology to help and serve numerous startups to grow up. In this research, data of each stock in SSE Star Market such as daily opening price were collected and then categorized and processed to 12 indexes. The factor analysis is used to extract common factors by combining indexes on which one factor has similar loading. The research extracts 3 common factors: the price factor, the flow factor, and the profit factor. Cluster analysis is used in the research to categorize all stocks in SSE Star Market into 3 categories: high price stocks, high security stocks, and high potential stocks. Sample stocks in each category are picked up to analyze deeper on their investment value. Therefore, this paper explores the investment value of all stocks in SSE Star Market by doing the factor analysis and the cluster analysis and provides sample stocks for investors to refer to.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
10.2991/978-94-6463-198-2_27
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_27How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sini Yang
PY  - 2023
DA  - 2023/08/10
TI  - Research on the Investment Value of Stocks in SSE Star Market Based on Factor Analysis and Cluster Analysis
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 238
EP  - 248
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_27
DO  - 10.2991/978-94-6463-198-2_27
ID  - Yang2023
ER  -