本文將以投資人角度,由個股報酬績效面(股價報酬率、現金股利率)、成本面(本益比)與風險面(股票交易量、股價波動率)等層面之因素進行評估,試著尋找一個既簡單又有績效的選股策略,以供投資人參考。本研究樣本為2012-2015台灣上市上櫃公司股票,但不含金融股,因為其金融股高槓桿、高管制及低流動性致使其投資人之判斷報酬容易產生誤差。本研究採用一種的涵蓋績效、風險與成本三個面的整合分析,根據前一年(2014)或前三年(2012-2014)個股表現來決定2015台灣上市櫃公司之最適投資標的。本研究以各構面綜合排序進行評價,投資人可以根據投資屬性決定偏好的投資標的,來改善過去只能以基本面及技術面分析的限制,使投資人以一種簡單明瞭之最適策略投資股票。
This will be the perspective of investors, the stock return performance surface (rate of return on the stock, the cash dividend rate), the cost factor plane (PE) and Venture surface (stock trading volume, stock price volatility) and other aspects of the assessment of trying Looking for a both simple and performance stock-picking strategy, for investor information. In this study, samples 2012-2015 Taiwan publicly traded company's stock, but excluding financial stocks, financial stocks because of its high leverage, high liquidity and low control resulting in the judgment of the investor compensation error prone. In this study, one covering performance, integration risks and costs three surface analysis, based on the previous year (2014) or the previous three years (2012-2014) to determine the performance of individual stocks listed on the Taiwan cabinet 2015 Company optimal investment targets. In this study, a comprehensive evaluation of all facets sequencing, investors may decide to invest according to subject preference investment property, previously only to improve the limit to fundamentals and technical analysis, so that investors in a simple optimal strategy of investing in stock.