China Stock Analysts were Among World’s Worst
China’s stock market was the world’s second worst over the past year. However, analyst covering it did not do much better too. The decline in the Shanghai Composite Index, which has lost more than a third of its value since the end of April 2015, followed by the Shanghai Composite Index’s best rallies ever and shocked global markets has indicated how badly the analysts covering Chinese equities performed.
“Their predictions were off by bigger margins than those of analysts researching stocks in the rest of the world’s 20 largest market”
Their predictions were off by bigger margins than those of analysts researching stocks in the rest of the world’s 20 largest market. It isn’t unusual for analysts to miss badly when equities get hit hard. Year-ahead price targets from analysts covering Greece’s stock market at the end of 2013, just before the country’s credit crisis began taking its toll, proved to be the developed world’s least accurate, overshooting by 50 percent
About Shanghai Composite Index
The Shanghai Stock Exchange Composite Index is a capitalization-weighted index. The index tracks the daily price performance of all A-shares and B-shares listed on the Shanghai Stock Exchange. The index was developed on December 19, 1990 with a base value of 100. Index trade volume on Q is scaled down by a factor of 1000.
Visit: Shanghai Composite Index
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