Which stocks are favored by the epidemic?

The concept stocks with good epidemic situation include mask concept, protective clothing concept, ventilator concept, disinfectant concept and vaccine concept. Among them, the stocks involved in the concept of masks are China Petrochemical and Renhe Pharmaceutical; The concept of protective clothing involves Xinlong Holdings and Beihua Co., Ltd.; The concept of ventilator involves Vietnam medical care, Mindray medical care and so on. The concept of disinfectant involves Shenyang chemical industry, chlor-alkali chemical industry, etc. The stocks involved in the vaccine concept include Zhongyuan shares and Liaoning Chengda. After the outbreak, the stocks that may soar are: Gu Jing Distillery (000596), Shede Liquor (600702), Jiugui Liquor (000799), Laobaigan Liquor (600559), Kweichow Moutai (6005 19) and Caesars Travel (000796).

1. Shareholders shall take the income from the joint-stock company as dividends. The distribution of dividends depends on the company's dividend policy. If the company does not distribute dividends, shareholders are not entitled to receive them. Preferred shareholders can get a fixed amount of dividends, while the dividends of ordinary shareholders are related to the company's profits. Dividends of ordinary shareholders are distributed after those of preferred shareholders, and ordinary shareholders are entitled to distribute dividends only after all preferred shareholders have received their promised dividends in full. Stock is only the ownership certificate of the actual capital owned by the joint-stock company, and it is the certificate to participate in the company's decision-making and claim dividends. It is not real capital, but indirectly reflects the situation of real capital movement, thus showing itself as a kind of virtual capital.

2. In stock investment, there is often a phenomenon that the real rise and fall of the stock price is inconsistent with the expected rise and fall. In this case, investors may not get the expected return, and may even suffer losses. Risk refers to the deviation between actual income and expected income. Risks can be divided into systematic risks and non-systematic risks. Expected income, also known as expected income, refers to the income that can be predicted according to known information without unexpected events. The systematic risk and non-systematic risk of the stock market can be described by the capital asset pricing model, in which β (β) reflects the systematic risk and α (α) reflects the non-systematic risk. Beta reflects the sensitivity or elasticity of the return on stock assets to market fluctuations. Alpha reflects the excess return level of stocks, with positive alpha being positive and negative alpha being negative.