How To Tap Healthy Growth Stocks

The growth of a company is mainly reflected in the persistence of revenues and profits. High growth Conservatism should be reflected in the growth of one year higher than a year, to avoid a retreat or fall. The growth of the company can be reflected through the compound growth rate of the main business and net profit for three years, and the company's robustness can be reflected through the continuous growth of the main business and net profit.

　　在主营及净利润稳健增长的公司中，我们选择(主营及净利润三年复合增长率≥50%)、(30%≤主营及净利润三年复合增长率≤50%)、(15%≤主营及净利润三年复合增长率≤30%)、(0%≤主营及净利润三年复合增长率≤15%)的四个组合条件作为对比研究，通过05年10月10日选择的股票组合在不同时段后(3个月后、6个月后、9个月后、一年后);以及不同阶段(下跌、筑底、拉升、盘整)的实证检验，我们发现主营及净利润三年复合增长率≥15%的股票组合整体上好于大盘平均水平，该组合具有在熊市中跌得晚、在牛市补涨阶段更胜一筹的特性;在周期策略上，短线效果不明显，持有周期6至9个月左右为最佳持有周期。

In the 23 newly selected stocks with a quarterly growth rate of three and a net profit of more than 50%, there were only 3 companies entering and leaving one company, such as CITIC Securities, whose performance rose sharply.

The main business and net profit increased by three years. Promote The main contribution comes from the improvement of the capital market in the past 06 years. The growth of such companies is not sound enough. However, as many as 20 companies continue to grow, this shows that the steady growth of enterprises still has a steady growth trend, such high-speed and robust growth enterprises are more favored by the market. For example, in October 10th 05, the steady growth stocks of the main business and net profit of three years of compound growth rate of 50% or more were four times in a year, the average was stronger than the market 100%, the highest 145%, and the lowest reached 78%.

It is noteworthy that, since the main and net profit of the three year composite stable growth index is based on the growth of the main and net profit in the past three years as the object of study, without considering the expected growth of the company's future main revenue and net profit, these enterprises have probably reached or near the peak after the rapid growth in the past three years, so they still need to grow up to the industry or enterprise. cycle Further research is needed to further explore the stocks that are still growing at high speed.