DOI: 10.36347/sjebm.2018.v05i07.015

Pages: 681-685

In view of Guizhou Moutai shares rose in the past three years, A GARCH model was established by Eviews software in this paper. The yield fluctuation characteristics of Guizhou Moutai were analyzed through stationarity test. The estimating equation of yield fluctuations was got. We found that there was positive, linear and correlation relationship between trading volume and yields, and the volume decline caused by the earnings volatility smaller than the volume rise caused by the fluctuation of the same size. By the results of this article, the volume to the stock yield played a role, it will help our understanding of corporate profitability and share price volatility characteristic and trend prediction, and it also has important practical significance.