An Empirical Analysis of Steel Industry Index and Financial Targets

This paper selected 20 listed companies from steel industry in China, and used each company's financial targets earnings per share, net asset value per share, current ratio and public reserve funds per share to figure out the steel industry financial targets.And taking the total stock issue as weight it figured out the average stock price of the 20 listed companies and the steel industry index.It also analyzed the relations between steel industry financial targets, steel industry turnover ratio and steel industry index of every season from 2001 to 2010.Then using the method of multi-element regression analysis, it figured out the price model of steel industry.This paper finally offered a proposal that investors of steel industry should pay more attention to the financial targets: net asset value per share and turnover ratio.