"Turnover rate", also known as "turnover rate", refers to the transaction frequency of stocks in the market in a certain period of time and is an indicator reflecting the strength of stock liquidity.

The calculation formula is: turnover rate (turnover rate) = (turnover in a certain period)/(total number of shares issued) x 100%.

Literally, changing hands can be understood as going from one person's hand to another's, so it is actually an act of buying, selling or exchanging. Then the turnover rate can be understood as the frequency of transactions.

"Hand" is a standard unit when used in the financial field, but the number represented by this unit is not the same in different countries and different financial fields. In China stock market, the "hand" is the basic unit of stock trading, and one hand is 100 shares, that is, at least one hundred shares must be traded at a time. Although the foreign exchange market is also based on lots, the minimum trading limit is 0. 1 lot.

The turnover rate of stock market represents the strength of a stock. The higher the turnover rate, the stronger the chip exchange, and the higher the activity of individual stocks, becoming a hot stock in the market. The lower the turnover rate, the weaker the chip exchange, and the lower the activity of individual stocks, which is unpopular in the market.

Second, what does the high turnover rate mean?

Third, the turnover rate often means the following situations:

(2) A high turnover rate generally means that stocks have good liquidity and are easy to enter and exit the market. There will be no unexpected phenomenon that buy buy does not sell, and the liquidity is strong. However, it is worth noting that stocks with high turnover rate are often the targets of short-term capital pursuit, with strong speculation, large stock price fluctuation and relatively high risk.

(3) Combining the turnover rate and the stock price trend, we can make some predictions and judgments on the future stock price. The sudden increase in the turnover rate of a stock and the enlarged trading volume may mean that investors are buying in large quantities, and the stock price may rise accordingly. If a stock continues to rise for a period of time, and then the turnover rate rises rapidly, it may mean that some profit-seekers want to cash out and the stock price may fall. Generally speaking, the turnover rate in emerging markets is higher than that in mature markets. The fundamental reason lies in the rapid expansion of emerging markets, a large number of newly listed stocks, and investors' weak investment concept, which makes the transactions in emerging markets more active.

Fourth, the trading principle of high turnover rate

1. The relatively high turnover suddenly enlarged, and the main layout intention was obvious. However, it is not easy to release the volume at a high level. Generally, when some favorable products are launched, the transaction volume will be released and the main force will be able to successfully complete the distribution. There are many such examples.

2. Strong stocks with heavy volume at the bottom and low prices are the focus of our discussion. Their high turnover rate and high credibility indicate that there are obvious signs of new capital intervention and there is a relatively large room for growth in the future. The more complete the bottom transaction, the lighter the selling pressure in the upward trend.

3. New shares, which is a special group. It is natural that the turnover rate is high in the initial stage of listing. Once, the myth of unbeaten new shares was staged. However, with the changes in the market, it has become a reality that new shares go high and low after listing.

Fifth, analyze the stock through the turnover rate.

1. The daily turnover rate of stocks is between 3% and 7%, indicating that stock trading is active and the dealers actively participate. Shareholders can analyze the next trend of the banker according to the previous trend of the stock.

2. The turnover rate is between 5%- 10%, indicating that the stock has entered an active state and there are large funds coming in and out. In the first and second stages of the stock price cycle, the turnover rate is above 5% continuously, and it can be followed up in time when the increase is not large.

4. The daily turnover rate of stocks is above 7%, even exceeding 10%, indicating that investors are very active in trading and chips change hands quickly. If it appears at a high level, the dealer is likely to ship.

5. 10% ~ 20% turnover rate is relatively rare, with high activity. The daily turnover rate of more than 20% is extreme, and they must be analyzed dialectically. If it is in the third and fourth stage of the stock price.

6. Pay close attention to the situation that the turnover rate is too high or too low. Too low or too high turnover rate may be the leading indicator of stock price changes in most cases. Generally speaking, after a long period of stock price adjustment, if the turnover rate remains at a very low level for more than a week (for example, the weekly turnover rate is below 2%), it often means that both long and short sides are watching. Since the empty power has been basically released, the stock price has basically entered the bottom area at this time. After that, even the general good news may trigger a strong rebound of individual stocks.

8. For the emergence of high turnover rate, the first thing to distinguish is the relative position of high turnover rate. If the previous stock is heavy after a long period of trading downturn, and the high turnover rate can last for several trading days, it can generally be regarded as a more obvious sign of new capital intervention. At this time, the credibility of high turnover is better. Such stocks should have a relatively large room for growth in the future, and may also become strong stocks. If a stock suddenly changes hands at a relatively high level, the turnover suddenly increases, which is generally more likely to be a precursor to decline. This situation is often accompanied by the favorable introduction of individual stocks or the broader market. At this time, the chips that have been profitable will take the opportunity to go out and successfully complete the issuance. In this case, there is a situation that "all advantages are negative". Investors should be cautious about this high turnover rate.

Regardless of whether the turnover rate is too high or too low, as long as the cumulative increase in the previous period is too large, it should be treated with caution. From the historical observation, when the single-day turnover rate exceeds 10%, the probability of individual stocks entering short-term adjustment is too high, especially when the turnover rate exceeds 8% on continuous trading days, we should be more careful.

6. How to select bull stocks with "turnover rate"?

Tip 1: Choose stocks with high turnover rate. When the stock is fully changed hands, the average turnover rate will reach more than 10% at the start-up stage of the market, and the stock price will keep rising. The stock with low turnover rate has been ignored by the market because there is no financial guarantee, and it is difficult for the stock price to rise rapidly.

Tip 2: Choose stocks with high turnover rate, which are held by many bookmakers and are generally favored by the market. Stocks created by many institutions usually represent a trend in the market. If investors coincide with the main participants, they can often reduce the system risk and improve the return on capital.

Tip 3: Choose stocks with high turnover rate within a period of time instead of two days. Some stocks may rely on some market news, and the turnover rate is high within two days, but it is difficult to maintain for a long time. Many stocks are shipped by news.

For example, buying such stocks is risky. Therefore, in the operation, we should choose stocks with high turnover rate and rising trend for a period of time. Such stocks rose more than the broader market when they started the market.

Seven, the turnover rate corresponding to the transaction volume status.

Absolute quantity: less than1%;

Low turnover rate: 1%-2%

Medium transaction: 2%-3%

Active trading: 3%-5%

Number of belts: 5%-8%

Volume: 8%- 15%

Huge amount: 15%-25%

Strange deal: more than 25%

Eight, turnover rate analysis banker's skills

Specifically, investors can observe the stock turnover rate from the following aspects to find the trend of the banker.

1, the turnover rate is enlarged at the opening stage.

In the subsequent pull-up process, the turnover rate of position B in the figure is always maintained at 5%-20%. Such a high turnover rate combined with a slow stock price rise is obviously not something that ordinary retail investors can do. Bankers are vigorously building positions, resulting in a high turnover rate.

2. Turnover rate when washing dishes and serving.

3. The huge turnover rate in the initial stage of 3.IPO.

Nine, the turnover rate of stock selection skills

1, turnover rate of major operating stocks in the medium and long term

When considering the activity of individual stocks, we need to use the turnover rate to judge. Some stocks have a low turnover rate, but the share price will always rise. This disk feature shows that there are medium and long-term main operations, and stocks like this are very persistent and have very little risk.

Wan Liyang K-line chart

The above picture shows the K-line chart of Wan Liyang. There are 627 million shares in circulation, but the highest turnover rate per day is only 3.39%, and the lowest turnover rate per day is only 0.46%. However, the stock price has maintained a rising slope. To be sure, the unit has no participation of hot money, and it is the main capital operation in the medium and long term. For such stocks, you can boldly participate.

2. The turnover rate of hot money speculation in stocks

Once the stock price starts, it can't be pulled up without the support of turnover rate. The more active and thorough the transaction, the more brisk the stock price rises. Because the profit-taking disk is constantly being cleaned in the process of changing hands, the average cost is constantly increasing, and the selling pressure encountered in the upward movement is also greatly reduced.

K-line chart of God-given materials

The above picture shows the K-line chart of God-given materials. The unit benefited from the booming lithium battery industry and was sought after by various funds. Because the stock did not have the main funds to open positions in the early stage, it does not belong to the medium and long-term capital operation. The daily turnover rate of this stock is about 20%, and the highest daily turnover rate is above 40%, which shows that it is completely hot money through parcel hype, and it is a stock with very high participation of hot money and generally strong persistence. All stocks speculated by hot money must maintain a continuous or even high turnover rate, otherwise the stock price will not continue to rise.

3. Predictive analysis of stock price between high turnover rate and low turnover rate.

Jinke entertainment k-line chart

The above picture shows the K-line diagram of Jinke Entertainment. When the stock price returns to the 60-day moving average, the turnover rate is also very low, indicating that the trading of stocks in this region is extremely inactive, and the low turnover rate indicates that the short chips are basically exhausted. Then you will ask, "But there are very few chips on it." That's true. But why is this place a signal to stop falling? Because this is a low shrinkage on the way down, it has changed the established downward trend, and the long and short positions have reached a balance here. If it changes, the stock price will definitely go up.

So can we generally say that the higher the turnover rate, the higher the stock price will rise? The answer is no, when the stock price has not risen very high and is still in the stage of pulling up. However, when the stock price has risen quite high and is far away from the cost line of the banker's opening positions, it is wrong to say so, not only wrong, but on the contrary: high turnover rate has become a signal of shipment, which is what we often refer to as "sky high". When the stock price rises, it must maintain a continuous or even high turnover rate. Once the turnover rate is reduced, it means that there will be less funds for high-altitude relay, and the upward momentum of stock price will be weakened.

X. application of turnover index

1. Determine the stock buying point through the turnover rate. The bottom stock with long-term low turnover rate suddenly increases the turnover with high turnover rate one day, which means that it is more likely that new funds will enter the stock. At this time, you can buy on dips when the volume decreases.

2. Grasp the selling point of the stock through the turnover rate. The sudden high turnover rate of relatively high stocks in a single day, especially in a few days, shows that the main force has obvious willingness to distribute. At this time, no matter whether the stock is rising, sideways or falling, it should be sold first and then wait and see under the premise of fully considering the risks.

Eleven, investors should pay attention to the key points of turnover rate in different markets:

1, low position and high turnover rate. Some institutions are absorbing goods and accumulating chips, and the chips are being concentrated in large institutional warehouses by scattered retail investors, and stocks will definitely rise in the future.

2. High turnover rate. Some institutions are increasing their volume, attracting retail investors to follow up and distributing high-priced chips at high positions. Chips are flowing from the warehouse held by the dealer to the small pockets of retail investors, and the stock will definitely fall in the future.

3. Low, medium and high turnover rate. People who are interested in entering the market are taking advantage of bad news to swallow the cheap chips cut by retail investors because of their panic about low and medium stock prices. Dare to hoard goods in bad times, which also shows that this kind of bad is temporary and the market will have a good look.

4. Lido has a high turnover rate. The institutions participating in the unit are taking advantage of the good news to distribute high-priced chips, and the banquet is about to disperse. The prophets who were full of food and drink used the good news to flee wildly, and the perceived retail investors just came to pay the bill.

5. How to confirm that the banker has started to build positions? The reference value of weekly K-line chart is the greatest, and the moving average system of weekly K-line has changed from short position to long position, which proves that there are bookmakers involved. Therefore, the weekly MACD indicator golden fork can be regarded as a sign that the banker begins to open a position and is the starting point for calculating the turnover rate. The turnover rate of a mid-line banker should be between 300% and 450%. Only when the dealer changes hands enough can he attract enough chips. When investors want to follow Zhuang, it is best to follow Zhuang with a position of more than 50%.

A high turnover rate generally means that stocks are active, and a high turnover rate should generally be above 10%.

After a long period of adjustment, when the stock price is at a low level, if the turnover rate is increasing, it means that the main force has begun to pull up this stock. The most obvious performance of fund-raising is that with the enlargement of the transaction and the increase of turnover rate, it is difficult for the main force to get enough chips. At this point, it shows that the stock may not be far from the start.

High turnover amplification is a dangerous signal. If a stock continues to run at a high level, with the enlargement of the turnover rate, the turnover rate will reach more than 20% or higher, indicating that the main shipping signs are obvious. Even if there is a high market, it is pulled by the boat. Generally don't go in again.

Then there is the error rate of emergencies. The sudden positive turnover rate is enlarged, and the overall situation is not optimistic. It means that more is to make good use of shipments and be vigilant! The sudden bad turnover rate has increased greatly, so generally don't rush to enter the venue. When the next time it falls to the end and the turnover rate rises again, you can generally start buying. Bad taste brought about the change of the main position, and Zhuang Zi fled and Zhuangzi entered, but generally it was not directly lifted. It's healthier to wash, and then you'll be on your way. We can roughly understand this. Investors who are eager to bargain-hunt really should pay attention. There are not so many pies for us to eat. Winning in stability is the most important thing!

(The above contents are for reference only and do not constitute operational suggestions. If you operate by yourself, pay attention to position control at your own risk. )

Disclaimer: This content is provided by Yuesheng Research (yslc927yj), which does not mean that Investment Express recognizes its investment views.

Related Q&A: Related Q&A: How is the stock turnover rate calculated? Stock turnover rate is the frequency of stock trading in a certain period of time. Turnover rate = turnover/total number of shares in circulation × 100%.

For example, if a stock trades 65.438 billion shares a day and the company's total share capital is 65.438 billion shares, then the turnover rate of that day is 654.38+ 0%. If 10 billion shares are traded in one day, the turnover rate is 10%.

The stock turnover rate represents the trading frequency of a stock. The higher the turnover rate, the more active the transaction, and the more attention the market can get. Those with low turnover rate are unpopular stocks, which have not attracted investors' attention.

The daily turnover rate of most A-share listed companies is below 3%, which shows that this branch transaction is inactive, the market is not concerned and the investment value is low. Of course, if a good company's stock price turnover has been very low, it is killed by mistake, but the probability of this happening is very small.

If the turnover rate is higher than 3%, it means that the stock is active and there is no situation that the stock cannot be bought or sold. If it exceeds 10% and lasts for several days, then this stock is bound to attract the attention of the market and may become dark horse shares in the future. Stocks with high turnover rate tend to be the target of short-term investment, which may go up and down, with greater risks. This requires careful judgment.

Another situation that can make the trading volume of listed companies soar is that there is significant negative or positive news.

For example, Huishan Dairy, before March 24, 20 17, the company's stock turnover rate was lower than 1%, which was an unpopular stock. However, on March 24th, 200017, the stock turnover reached 779 million shares, accounting for 5.77% of the total share capital1350,000 shares. The company's share price dropped from HK$ 2.8 to HK$ 0.25, and then the company suspended trading.

The reason for this is that Huishan Dairy was short-circuited by short-selling institutions and questioned Huishan Dairy's fraud. Things continued to ferment, leading to a collective flight on March 24. The following are the changes in the stock price and trading volume of Huishan Dairy before the suspension:

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Case review

There are still many people asking questions about the market today. Unified reply: At present, the bottom of the market is not stable. But through the disk, we can carry out the idea of light market and heavy stock to tap excellent white horse investment. A group of financial gods and traders from all walks of life have been assembled, and a WeChat public platform has been established: short-term stock picking kings focus on stocks together. Over the years, they have created nearly ten sets of stock picking tactics, and they can always know the layout trend of the dealers in advance, and the success rate of the selected daily limit bull stocks is extremely high.

For example, I recently chose Yazhen Jiayuan, Huakong SEG and Haitai Development through bargain hunting, and the increase was quite good.

Moen Electric (00245 1) was selected when the stock price stepped back. At that time, the stock price fell and the reverse cross star appeared at the bottom. Decisive choice and explanation is an excellent layout opportunity. Sure enough, the stock price continued to rise. Up to now, the stock price has gone up by three boards. Many fans who watch my live broadcast have seized this wave of income, which is also the profit that fans who watch my live broadcast for a long time can grasp!

Pulutong (002769) can well reflect the idea of stock selection in Yiwu. In the early period, the stock price of 16 fluctuated at the bottom, oversold and rebounded in the short term, and a large amount of funds flowed in, and some buying points appeared. According to the stock selection method I mentioned, I chose to explain it in time, and easily gained more than 33% increase. Congratulations to the stock friends who saw my article on stock selection ideas at that time to grasp the stock market in time.

Potential dark horse

It's not that I choose stocks very well, but after a long period of study, I summed up the skills of choosing bull stocks. I like this idea of stock selection, and I can select stocks with continuous daily limit in batches. This method is also used again in the official WeChat account: the short-term stock selection king chooses a short-term bull stock that is expected to start from the bottom, as shown below:

From the above picture, we can see whether the trend of this stock is similar to the two stocks mentioned above. After a period of decline, washing dishes and stepping on the bottom support, it stabilized and rebounded. At present, the stock is also falling again, stepping on the support line. I believe everyone knows here, and I don't want to comment on the later trend of this stock. Will continue to follow up in the stock selection article.

I have studied several stocks similar to Yazhen Jiayuan and Haitai Development for a long time on a regular basis. Interested friends can check for themselves. Finally, if you have a quilt cover in your hand and don't know how to untie it, friends who have a bad grasp of the trading point can contact the official account of the author WeChat WeChat: the king of short-term stock picking. I will help you when I see it!