Evaluation Indexes Selection of Stocks´ Investment Value Based on Fuzzy Clustering

Mature of China´s stock market makes value investing theory´s application in China possible. The paper aims to decide evaluation indexes set about stocks´ investment value in order to serve value investing theory´s application in China. Firstly, the paper analyses several influential factors about stocks´ investment value thoroughly. Secondly, taking non-financial listed firms in Shanghai and Shenzhen stock markets as the sample, the paper clusters the above factors by fuzzy clustering. Thirdly, the paper selects the kin factors according to correlation indexes. Finally, the paper provides a scientific and operable evaluation indexes set about stocks´ investment value. The indexes set almost embraces all effective information about investment value. The study also suggests that describing stocks´ investment value by multidimensional array is applicable.