투자 분석 기초

The price-to-earnings ratio (PE) is an indicator measuring the years needed to recover an investment. Want to know if the current Chinese stock market indices are expensive or cheap? By checking their historical PE percentiles, you can quickly judge overall market valuation levels, providing key references for your investment decisions.

How to protect your assets when a bear market arrives? This article provides the latest US stock information and defensive investment strategies, focusing on the three major sectors of consumer staples (XLP), utilities (XLU), and healthcare (XLV) along with their representative ETFs, helping you stabilize your portfolio and reduce risks amid market turbulence.

An in-depth review of major bear markets in the Hong Kong Hang Seng Index, from the 1973 stock crash to the 2020 pandemic impact. This article analyzes the causes, declines, and market effects of each crisis, and summarizes investment survival principles for navigating cycles to help you cope with future market fluctuations.

Reviewing the 35-year history of the Shanghai Securities Index, providing a panoramic analysis of the starting and ending points of three major bull markets. From the 1996 tech-network bull market (512 points to 2245 points), to the 2005 share reform bull market (998 points to 6124 points), and then to the 2014 leveraged bull market (2050 points to 5178 points), revealing how policies, institutions, and capital drive market changes.

Looking ahead to 2026, under the resonance of the AI wave and industrial recovery, the Hong Kong stock market is expected to usher in a structural bull market. This article provides an in-depth analysis of macro capital flows and industrial profit prospects, revealing investment opportunities and strategies in technology, innovative drugs, high-dividend, and cyclical sectors.

Want to create stable cash flow with US stock ETFs? This article provides an in-depth analysis of the strategies, pros and cons, and suitable investors for five top high-dividend US stock ETFs—SCHD, VYM, JEPI, DGRO, and DIVO—helping you easily select the most suitable income tool based on your goals and say goodbye to stock picking worries.

Struggling to understand U.S. stock quotes due to various terms? This article compiles essential beginner terms like P/E ratio, EPS, and ETF, teaching you from scratch how to read company financial reports and major indices, helping you master U.S. stock investing basics and confidently take your first trading step.

After the recent A-share plunge, can a bull market emerge in 2026? This article analyzes that the market may be driven by earnings growth and benefit from the start of the 15th Five-Year Plan, yet real estate debt and external risks pose challenges. The rally is more likely to be a structural slow bull rather than a broad explosive surge.

A-Share total market capitalization refers to the total value of listed companies calculated based on the current stock price, serving as a core indicator for measuring market scale. The calculation formula is: Company total market cap = Stock price × Total shares outstanding. You can easily query real-time data through tools like East Money or Tonghuashun.