Using Factor Analysis to Rank Several Chinese Public Stock
DOI:
https://doi.org/10.54097/hset.v16i.2237Keywords:
SPSS, stock market, factor analysis.Abstract
The stock market currently plays an important role in the whole society and people ranging from a child to the old are all starting to explore and invest in the stock market. Since the stock market is unpredictable and fluctuates, people need to master more information about the stock in order to prevent the risks of investing and profit from the investment competition. In this paper, several indicators will be proceeded factor analysis by using SPSS, which can help people better understand how the stocks go and prevent them from losing too much because of ignorance. This method firstly performs correlation analysis on stock price, and quantitatively explains the correlation between stocks. Then, researchers will use the SPSS to process the linear regression analysis. Finally, by using the function got from the process to calculate the final scores of each stock, researchers get the results that 300201 (stock symbol) scores the highest and know the scores of the other stocks, which greatly contribute people to finding and choosing a potential stock.
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