Classification of Cloud Computing Sector Stocks Based on Factor Analysis

Yunyi Li

doi:10.54254/2754-1169/43/20232130

Research Article

Open access

Published on 10 November 2023

Download pdf

Li,Y. (2023). Classification of Cloud Computing Sector Stocks Based on Factor Analysis. Advances in Economics, Management and Political Sciences,43,79-88.

Export citation

Classification of Cloud Computing Sector Stocks Based on Factor Analysis

Yunyi Li *^,1,

¹ Jinan University

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/43/20232130

Abstract

The development of China's securities market has been more than 30 years, among which China's A-share market has become one of the largest stock markets in the world, and has a good development trend. Since the new era, the digital economy has become an indispensable part of people's lives. Cloud computing related conceptual stocks have received increasing attention from the capital market since 2019. Therefore, this paper classifies the cloud computing stocks and gives some suggestions to investors. 47 cloud computing stocks were randomly selected and their basic data were downloaded from the RESSET database. Through sorting and constructing, two categories of market indicators and fundamental indicators are selected, with a total of 17 variables. In order to reduce the dimensionality of variables, five common factors were first extracted using Factor Analysis and named as price factor, transaction factor, debt paying factor, growth factor, and profit factor according to their characteristics. Using these five factors to carry out K-means clustering, the selected stocks are divided into mature stocks and ordinary stocks.

Keywords

China A-share market, cloud computing, factors analysis, K-means clustering

View pdf

References

[1]. Cong L Shanghai 2022 social responsibility report. Shanghai securities journal (002).

[2]. Xiaoyu Z 2018 Our country securities market present situation analysis and regulation research. China Report, 972 (17).

[3]. Siqi Y, Qiaoqi W 2019 Research on the development Status and trend of China's securities Market under the new economic situation. Modern Marketing (Management Edition) (03) 172.

[4]. Tao L 2019 Our country securities market internationalization analysis. Journal of cooperation in economy and technology 605 (6) 58-59.

[5]. Transportation. Big Data & Smart City (ICITBS) 309-312.

[6]. Jiachao W 2014 Application of Analytic Hierarchy Process in Stock investment value evaluation. Administrative Assets and Finance 36-38.

[7]. Qiang L 2011 Research on Competitiveness of Listed securities companies based on Principal Component Analysis. Journal of Economic Research, 28 74-76.

[8]. Xia Y, Yayun W 2015 Analysis of stock investment value of China's listed commercial banks based on factor analysis. Special Zone Economy, (12) 67-69.

[9]. Heng W 2021 Cloud computing based on intellectual capital enterprise value evaluation research. China mining university.

[10]. Peng S 2014 Validity test of Securities Investment trend Index. Western Finance, 9 33-37

Cite this article

Li,Y. (2023). Classification of Cloud Computing Sector Stocks Based on Factor Analysis. Advances in Economics, Management and Political Sciences,43,79-88.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

Disclaimer/Publisher's Note

The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.

About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-107-0(Print) / 978-1-83558-108-7(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.43

ISSN：2754-1169(Print) / 2754-1177(Online)

© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open access policy for details).