WONG SIR FORUM

Even if a stock is undervalued, you need to know how it compares to alternative investments. Therefore, the long-term investment potential of every stock is compared to an investment in AAA Corporate Bonds. An indicator called Relative Value, RV, reports the result of this comparison. The investment potential of a stock is favorable compared to AAA Corporate Bonds when Relative Value is above 1.00 on a scale of 0.00 to 2.00. When Relative Value is below 1.00, it's better to buy AAA Corporate Bonds. The chapter entitled High Growth vs. Low P/E Stocks in Dr. DiLiddo's book, Stocks, Strategies and Common Sense, gives more information on how Relative Value is determined.

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本人並非證監會持牌人士，所分享的所有內容純屬個人意見，并不构成要约、招揽或邀请、诱使、任何不论种类或形式之申述或订立任何建议及推荐，各位瀏覽人士务请运用个人独立思考能力自行作出投资决定，如因相关建议招致损失，概与《VectorVest》、《VV-HK.com》及本人无涉。

相對價值(RV – Relative Value): 相對價值是一個長期的價格升值潛力的指標。這一指標遠遠優於一個簡單的價格和價值的比較，因為它的計 算是由分析價格三年內升值的預期， AAA級公司債券利率, 和風險而得來的.相對價值能幫助您解決是否最好購買高增長，高的P/E股票，或低增長，低P/E的股票這一難題。 VectorVest主張購買相對價值超過1.00的股票。

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本人並非證監會持牌人士，所分享的所有內容純屬個人意見，并不构成要约、招揽或邀请、诱使、任何不论种类或形式之申述或订立任何建议及推荐，各位瀏覽人士务请运用个人独立思考能力自行作出投资决定，如因相关建议招致损失，概与《VectorVest》、《VV-HK.com》及本人无涉。