What is the market value (No.2) 

投资者可根据市值来计算公司的价值,帮助他们对特定公司进行分类,以便多样化投资选择。

tóu zī zhĕ  kĕ  gēn jù  shì zhí  lái  jì suàn  gōng sī  de  jià zhí , bāng zhù  tā men  duì  tè dìng  gōng sī  jìn xíng  fēn lèi , yĭ biàn  duō yàng huà  tóu zī  xuăn zé 。

 Investors can calculate the value of a company based on market value, which helps them classify specific companies to diversify their investment options.

 

 

这些公司可划分为三大组:小盘股,中盘股和大盘股公司。

zhè xiē  gōng sī  kĕ  huà fēn wéi  sān dà zŭ : xiăo pán gŭ , zhōng pán gŭ  hé  dà pán gŭ  gōng sī

These companies can be divided into three groups: small-cap, mid-cap and large-cap companies.

 

 

我们首先来看看第一组公司,即小盘股公司。

wŏ men  shŏu xiān  lái kàn kan  dì yī zŭ  gōng sī , jí  xiăo pán gŭ  gōng sī 。

Let's take a look at the first group, the small-cap companies.

 

 

这类公司通常的市场价值介于五亿美元至二十亿,但并非一成不变。

zhè lèi  gōng sī  tōng cháng  de  shì chăng  jià zhí  jiè yú  wŭ yì  mĕi yuán  zhì  èr shí yì , dàn  bìng fēi  yī chéng bù biàn 。

Such companies typically have a market value of between $500 million and $2 billion, but they are not set in stone.

 

 

小盘股公司通常是新公司,通常不像大公司频繁操作或广泛得到认可。

xiăo pán gŭ  gōng sī  tōng cháng  shì  xīn gōng sī , tōng cháng  bù xiàng  dà gōng sī  pín fán  cāo zuò  huò  guăng fàn  dé dào  rèn kĕ 。

 Small-cap companies are usually new companies, they are not usually operated frequently or widely recognized as large companies.

 

 

小盘股公司的一大优势是它们的股价通常很便宜,除了在经济动荡时期之外,小盘股公司远胜于大规模的公司,因为它们拥有更强大的增长潜力。

xiăo pán gŭ  gōng sī  de  yī dà  yōu shì  shì  tā men  de  gŭ jià  tōng cháng  hĕn pián yi , chú le  zài jīng jì  dòng dàng  shí qī  zhī wài , xiăo pán gŭ  gōng sī  yuăn shèng yú  dà guī mó  de  gōng sī , yīn wèi  tā men  yōng yŏu  gèng  qiáng dà  de  zēng zhăng  qián lì 。

The big advantage of small-cap Stocks Company is that the share price is usually very cheap. In addition to the times of economic turmoil, the small-cap stocks companies are far better than large companies, because they have stronger growth potential.

 

 

操盘手和投资者在经济增长时期通常偏向于小公司,因为它们更能带来信心,并且有可能增加风险容忍度,获得更大投资回报。

cāo pán shŏu  hé  tóu zī zhĕ  zài  jīng jì  zēng zhăng  shí qī  tōng cháng  piān xiàng yú  xiăo gōng sī , yīn wèi  tā men  gèng néng  dài lái  xìn xīn , bìng qiĕ  yŏu kĕ néng  zēng jiā  fēng xiăn  róng rĕn dù , huò dé  gèng dà  tóu zī  huí bào 。

Traders and investors are usually biased in favor of small companies when the economy is growing, because they bring more confidence and may increase risk tolerance, and get greater return on investment.

 

 

投资者经常喜欢采取个人手段来买卖小公司的股票。

tóu zī zhĕ  jīng cháng  xĭ huan  căi qŭ  gè rén  shŏu duàn  lái  măi mài  xiăo gōng sī  de gŭ piào 。

Investors often prefer to take personal means to buy and sell the stocks of small company.

 

 

例如:假设您是一名新公司的一名客户,发现该公司正在出售它们的产品或服务。

lì rú : jiă shè  nín  shì yī míng  xīn gōng sī  de  yī míng  kè hù , fā xiàn  gāi gōng sī  zhèng zài  chū shòu  tā men  de  chăn pĭn  huò  fú wù 。

For example: Suppose you are a client of a new company and find that the company is selling their products or services.

 

 

您可以更深入的了解公司的运作模式,以及未来的增长潜力是什么。

nín  kĕ yĭ  gēng  shēn rù  de  liăo jiĕ  gōng sī  de  yùn zuò  mó shì , yĭ jí  wèi lái  de  zēng zhăng  qián lì  shì  shén me 。

You can get a better understanding of how the company works as well as what its future growth potential is.

 

 

这种分析可让您找出买卖该公司股票的动机。

zhè zhŏng  fēn xī  kĕ  ràng nín  zhăo chū  măi mài  gāi gōng sī  gŭ piào  de  dòng jī 。

This analysis allows you to identify the motivation of the company's stock trading.

 

 

作为一名投资者或操盘手,必须意识到小公司的股价通常更加不稳定。

zuò wéi  yī míng  tóu zī zhĕ  huò  cāo pán shŏu , bì xū  yì shí dào  xiăo gōng sī  de  gŭ jià  tōng cháng gèng jiā  bù wĕn dìng 。

 As an investor or trader, it is important to realize that small companies' share prices are generally more volatile.

 

 

因为其流动性较低,更容易导致潜在变化。

yīn wèi  qí  liú dòng xìng  jiào dī , gèng róng yì  dăo zhì  qián zài  biàn huà 。

It is more likely to cause potential changes because of its low liquidity.

 

 

例如股价走势突然上涨,暗示其他操盘手对该公司的股票感兴趣。

lì rú  gŭ jià  zŏu shì  tū rán  shàng zhăng , àn shì  qí tā  cāo pán shŏu  duì  gāi gōng sī  de  gŭ piào  găn xìng qù 。

For example, the stock prices rise all of a sudden, which implies that other stock traders are interested in this company.

 

 

那么小盘股公司的缺点又是什么?

nà me  xiăo pán gŭ  gōng sī  de  quē diăn  yòu shì  shén me ?

So what are the disadvantages of these small-cap companies?

 

 

由于这类公司通常是新公司,风险更大,说不定哪一天就关门歇业了。

yóu yú  zhè lèi  gōng sī  tōng cháng  shì  xīn gōng sī , fēng xiăn  gèng dà , shuō bu dìng  nă yī tiān  jiù guān mén  xiē yè le 。

Because these companies are usually new companies, the risk is higher, they may be closed one day.

 

 

小盘股公司为投资者支付的股利很少或根本没有。

xiăo pán gŭ  gōng sī  wéi  tóu zī zhĕ  zhī fù  de  gŭ lì  hĕn shăo  huò  gēn bĕn  méi yŏu 。

Small-cap companies pay little or no dividends to investors.

 

 

因为他们需要将收益重新投资入公司,以便扩大规模。

yīn wèi  tā men  xū yào  jiāng  shōu yì  chóng xīn  tóu zī  rù  gōng sī , yĭ biàn  kuò dà  guī mó 。

Because they need to reinvest the proceeds into the company in order to expand the scale.

 

 

作为一个操盘手,与这些公司交易时,你可能会觉得很难以自己想要的价格来买卖股票。

zuò wéi  yī gè  cāo pán shŏu , yŭ  zhè xiē  gōng sī  jiāo yì shí , nĭ kĕ néng  huì  jué de  hĕn nán  yĭ  zì jĭ xiăng yào  de  jià gé  lái  măi mài  gŭ piào 。

As a trader, when dealing with these companies, you may find it difficult to buy and sell stocks with a wanted price.

 

 

因为这些公司的流动性很低,很少有人与它们交易。

yīn wèi  zhè xiē  gōng sī  de  liú dòng xìng  hĕn dī , hĕn shăo  yŏu rén  yŭ   tā men  jiāo yì 。

Because these companies’ liquidity is low, few people actually trade with them.