Abstract
In recent years, the new energy industry has been developing rapidly, also, the new energy industry has drawn much consideration in corporate security choices. This paper selects 20 stocks with better performance in the new energy industry, constructs three explanatory variables based on the Fama-French three-factor model and the CAPM model, namely, the market factor, the size factor, and the book-to-market ratio factor, and carries out empirical analyses on the daily returns of the selected stock portfolios. It is concluded that all three explanatory variables have better explanatory power for the sample data, with the market factor having a stronger explanatory power than the rest of the factors, and the Fama-French three-factor model having a better explanatory power than the CAPM model.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Advances in Economics, Management and Political Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
