What do ex rights and pre reinstatement mean?

The pre-weighting is to repair the stock price and trading volume, draw the stock price trend chart according to the actual rise and fall of the **, and adjust the trading volume to the same equity caliber. **After the ex-rights and ex-dividends, the stock price has changed, but the actual cost has not changed. Such as:

The original ** of 20 yuan is 10 yuan after ten free ten, but it is actually equivalent to 20 yuan. This price may seem low from the chart, but it is likely to be a historical high.

Keep the existing price unchanged, reduce the previous **, and shift the ** before the ex-rights downward to make the graph coincide and maintain the continuity of the stock price trend.

The weighting function can eliminate the distortion of the trend of the index caused by the ex-rights and dividends.

**Phraseology. Ex-rights is due to the increase in the company's share capital, and the actual value of the enterprise (net assets per share) represented by each share of ** has decreased, and this part of the factor needs to be excluded from the **market** after the occurrence of this fact.

Ex-rights and ex-dividends are dividends distributed to shareholders by listed companies, that is, when the company's earnings are converted into capital increases, or when allotments are carried out, the stock price must be ex-rights (XR), XR is the abbreviation of Exclude (remove) right (right). When a listed company distributes its earnings to shareholders in cash, the stock price is ex-dividend (xd), which is the abbreviation for exclude (exclude) dividend. Shareholders who purchase the company** on the ex-dividend date are not entitled to this dividend or allotment.

Ex-rights involve two situations, one is that the issuing company of ** distributes ** to shareholders according to a certain proportion as ** dividends, and increases the total number of shares of the company at this time; There is also a kind of allotment of shares to shareholders by the issuing company of **. An example of a dividend is as follows: the allotment ratio is 25 1000, which means that the shareholders who originally held 1,000 shares will increase the number of shares held by the shareholders to 1,025 shares after the ex-rights.

At this time, the total number of shares of the company swelled. The allotment means that the company issues ** to the old shareholders. In addition to the ** dividend, the issuing company can also distribute "cash dividends" to shareholders, which is called ex-dividend.

Ex-rights. It refers to the distribution of ** by the listed company to shareholders in accordance with a certain proportion to increase the total number of shares of the company; There are also listed companies allotment of shares to shareholders is also a form of ex-rights. Pre-weighting: keep the existing price unchanged, reduce the previous **, and remove the pre-weighted **.

Shift downwards so that the graph coincides and maintains the continuity of the stock price movement.

What does pre-reinstatement mean.

Adjustment is divided into pre-compounding.

and post-reinstatement. The pre-weighting reflects the real stock price.

The post-compounded stock price is the real stock price in history.

Post-adjustment formula: after the re-election** = before the re-election** (1 + change in the proportion of outstanding shares) + cash dividend, the ex-rights.

The latter ** is converted according to the previous **, and the previous ** after the resumption of rights remains unchanged, and the current ** increases.

Extended Materials

When a ** vote gives you dividends, it will be ex-rights, such as ** is 10 yuan, and each share will give you an interest of one yuan, which will be opened on the day of ex-rights.

It is 10-1 = 9 yuan, but there will be more interest in the account of the shareholder who owns the stock, so that although the ** fell by one yuan, for the shareholder, in addition to paying 20% interest tax.

In addition, there is no loss, for the stock, its actual ** is still 10 yuan for the person who gets the interest, so later people buy such **, almost have to consider the factor of resumption, that is, add this dollar to the **, which is called resumption. Because although it looks like 9 yuan, Zhuang's profit is not only 9-cost, but 10-cost. That way you know when he's likely to ship.

A large proportion of 10 to 10, the stock price is to be halved, buy such a ** to consider the cost of the bank.

Forward and backward reinstatement.

Forward weighting is to keep the existing price unchanged, reduce the previous **, and remove the previous **.

Shift downwards so that the graph coincides and maintains the continuity of the stock price movement.

Backward reinstatement is to keep the previous ** unchanged and increase the later **. The above example uses backward reinstatement.

The most obvious difference between the two is that the current period of forward reassignment and the display are exactly the same, while the reinstatement is mostly lower than the display.

For example, a **current** 10 yuan, before this used to give 10 shares for every 10 shares, the former after the ex-rights ** is still 10 yuan, the latter is 20 yuan.

Automatic and exact reset.

The so-called automatic ex-rights refers to the ** software automatically determines whether there is an ex-rights on the same day, according to the ** price received today and the ** price of the previous trading day.

In contrast, if the two are not equal, it can be affirmed that there is an ex-right today, and then the distribution plan can be deduced and the re-entitlement process can be carried out. There are many problems with this method, and it cannot achieve accurate reinstatement.

Precise adjustment is based on the listed company's equity distribution, provident fund conversion to share capital, allotment of shares, etc. and the exchange.

The ex-weight scheme accurately calculates the reweighting. Calculation formula for exact weighting:

Pre-Adjustment: After Adjustment** [(Before Adjustment** - Cash Dividend) Allotment (New) Shares** Change Ratio of Outstanding Shares] (1 Change Ratio of Outstanding Shares).

Post-Adjustment: After Adjustment** Before Adjustment** (1 Proportion of Changes in Outstanding Shares) - Allotment (New) Shares** Proportion of Changes in Outstanding Shares Cash Dividends.

Adjustment is divided into pre-adjustment and post-adjustment. The pre-weighting reflects the real stock price.

ps look at the trend, before the reset. Look at the earnings, and then reinstate.

That's a good question! Who is the real **** between ex-rights and pre-reinstatement. That's a good question!

Pre-re-weighting: Based on the ** point on the first day after the ex-rights, the data before the ex-rights are re-weighted. Post-reinstatement is a term used in relation to pre-reinstatement.

Explanation of Terms **Terminology. After the listed company passes the share gift, the number of shares is more, but the value of the company remains the same, so the number of shares is low.

Adjustment is to repair the stock price and trading volume, draw the stock price trend chart according to the actual rise and fall of the **, and adjust the trading volume to the same equity caliber, and then compare it with the same cost. Adjustment can eliminate the distortion of the ** trend caused by the ex-rights and dividends, and maintain the continuity of the stock price trend.

The so-called non-reinstatement of rights means that after the rights are removed, the huge gap on the stock price chart is not manually filled, and the fault line is allowed to exist.

The pre-weighting is based on the current price, and the cost distribution can be clearly seen, such as the relative highest and lowest prices, cost-intensive areas, and whether the current stock price is high or low. If technical analysis is carried out, it is best to use the previous weight, so that the current ** is the latest actual **, and the trend of ** is continuous, which does not affect the market.

After the resumption, the ** on the first day of listing remains unchanged, according to the ** after the dividend allotment data is processed, which will lead to the ** on the last day ** is not the actual transaction price, but it can be seen that the increase in the real value of the ** and the real rate of return of the shareholder. If you are making value investment, it is recommended to use post-compounding, so that the calculated rate of return is relatively correct, and the query is more intuitive.

OneEx-right is reinstatement, and the concept of the two is the same

1. Adjustment is to repair the stock price and trading volume, draw the stock price trend chart according to the actual rise and fall of the first grade, and adjust the trading volume to the same share capital caliber.

2. For example, the day before the ex-rights of a ** circulating stock is 50 million shares, ** is 10 yuan, the trading volume is 5 million shares, the turnover rate is 10%, the ex-rights ** after 10 free is 5 yuan, the circulation is 100 million shares, the ex-rights day out of the filling of rights**, ** Yu Yuan, **10%, the trading volume is 10 million shares, and the turnover rate is also 10% (compared with the previous trading day, with the same trading volume level).

3. After the resumption, the stock price is 11 yuan, which is 10% higher than the previous day's 10 yuan**, and the trading volume is 5 million shares, which truly reflects the rise and fall of the stock price on the stock price chart, and the trading volume is also comparable before and after the ex-rights.

2. The pre-reinstatement is based on the first point on the first day after the ex-right, and the data before the ex-right is re-weighted; The former right can be viewed from the present to the previous cost, and the real cost corresponding to the current history.

3. Post-reinstatement is based on the first point of the last day before the ex-right, and the data after the re-appropriation is carried out; The post-adjustment can see the level of the stock price without the weighting, and the true level of the stock price, to what extent.

Fourth, the right not to be restored is to look at the **** on the **liquid town map after the right is removed.

Restoration. and ex-rights are two situations that are often encountered in the operation of stock prices, and investors often do not know which is real in terms of re-entitlement and ex-rights. This article will introduce you to which is true between reinstatement and expulsion.

1) First of all, **Fig.

Whether you want to reinstate and how to reinstate depends on your habits, and if you don't rebalance, you can see the real fluctuations of the stock price, and it is convenient for the consistency of technical analysis after resumption.

Therefore, if investors want to conduct technical analysis, they generally look at the compounding. In fact, the re-indexing is to re-average the part of the share gift or transfer to form a new stock price, which will be technically consistent. From this point of view, the reinstatement is more realistic.

In fact, you can know the other real price of the ** by looking at the right of reset, and you can see the real price of the ** without the right of resumption.

2) Secondly, the ex-rights gap is not due to the psychology of market investors to cause a gap in trading, but according to the rules of the game.

Because of the gap caused by dividends or share expansion, this kind of dividend and share expansion has nothing to do with market psychology and has nothing to do with investors' transactions.

Therefore, at this level, the ex-rights gap is not true for the operation of the stock price.

3) Finally, which is true of reinstatement or expulsion? Generally speaking, it must be that reinstatement is more realistic. After the ex-rights, you can consider filling in the rights, and you can see how big the gap is after the ex-rights, but the research technology must be based on the restoration of rights.

The so-called ex-rights gap has no meaning, at most it is to think about whether it is possible to fill the rights, but even this judgment must be completed by technical analysis after the resumption.

To sum up, the real answer to which is the right to adjust or ex-right is obvious, as most investors want to use technical analysis to ** the situation, the right to reset is obviously more real. For more related news, please stay tuned.