急求一篇关于股票价格 或定价的外文翻译。谢谢啊

in general, when a company b company absorbed the high-quality assets, its total assets will change, the kind of quality can be a real asset can also be cons**tently profitable assets. at th** time, the company's net assets will increase in the share price should r**e. as for pricing, depends on the trading beh**ior of parties to the transaction. but in the long run, the number of assets it absorbed, we must share a percentage of total assets according to the corresponding r**e. to a stock price to a car like the same price. there are numerous vehicles, but sometimes the price of a car will be higher than the actual value of the car. some manufacturers may be a premium because they think they h**e a reputation of th** car, not because the car ** more stable and better quality than other cars. stock price as well. some stock prices higher than other stocks because they are more popular relative to the investors, not their income or more higher growth. determine whether the price of a stock to better reflect the strength of the value of the stock ** the core value of the stock. 1. what ** the value of the stock: most of the stock value ** the value of the company and the future ** now possible to achieve a combination of the profits come. under normal circumstances, the market for a company's future growth expectations higher, the more it depends on the market value of future profits expected. such as the online bookstore "amazon.com (amzn)", in fact, "amazon" only a few of the present value, book value of only a few. but the market that the company's future earnings will be very good, so now it's stock market value of many billions of dollars. another consideration ** that the way the stock value of the company's current stock price includes the company's profitability ** now and future earnings growth. the original "amazon" ** nowhere near far from profitable, so the price comes almost entirely from the future earnings forecasts. so its price ** also good or bad as people expected to go up and down. 2. price ratio: let us look at how to identify the company's stock price and the company's true value. usually through the company's stock price and the company's financial data to evaluate the ratio of stock, such as "price-earnings ratio (p / e), (p / s), (p / b), (p / cf) or (p / eg ) "and so on. in later chapters we will analyze the ratio of the depth of meaning. we know that a company's stock ** the company's current situation and future expectations constitute, and ** usually assessed through a number of ratios. but how to determine the stock price ** too high or too low, or just what? stock assessment ** a more complicated than the science of learning. therefore, the two analysts for the same stocks reached two different conclusions ** not surpr**ing. 3. relative value: there are two basic methods of stock valuation. the most common ** the "relative value" evaluation, with the stock and other similar stocks compared with their past h**tory, or compare prices. for example, you now h**e to consider "dow chemical (dow)" value of the stock, you can put it in the price-earnings ratio, or other chemical companies were compared with the overall stock market. if the dow's price-earnings ratio ** 16 times, while the industry **erage price-earnings ratio near 25, then the dow's stock price ** relatively cheap. you can also price-earnings ratio and a dow index, such as "s & p 500 index" and so on, to see if the stock ** still cheap. (s & p 500 index's price-earnings ratio of 30 times in late 1999 or so, so the dow the stock ** cheap.) question the relative value of all companies ** not the same as the dow dow perhaps lower than the **erage price has its own special reason. perhaps the company does not h**e good growth prospects. breast augmentation surgery medical litigation may affect the company's stock it. the same, "hyundai" the price "mercedes" there are good reasons low. the key ** to carefully study your stock and find other similar stock price differential factors. 4. absolute value or intrinsic value: the second method ** the application of the absolute value pricing. general the absolute value of future cash flows by the value of the company calculated. the present value of future earnings ** the theoretical value of company stock. th** method ** very difficult, very few applications, but the absolute value method ** investor should be aware of the pricing method. an investor should do? unfortunately, the answer ** hard to find. the best way ** when the application in the pricing of joint use of a number of ways, just as you are to your house or car, priced the same. look similar to house prices (relative price), and into a house you are interested to see the quality and structure of the internal (absolute price). 20210311