Author(s)

Yu Chen, Jiaheng Zhang

Corresponding Author

Yu Chen

ABSTRACT

This paper performs asset portfolio allocation on new energy vehicles and conventional energy vehicles assets. The comparison of asset ratios allows us to know which enterprises are more worthy to invest which has rarely been studied. This paper use GARCH MODEL, CCC-GARCH model, ARIMA model and optimization model to study the performance six stocks of traditional vehicles enterprises and new energy vehicles enterprises. The results show that traditional energy vehicles enterprises are more stable and worthy of investment than new energy vehicle enterprises; future stocks of new energy vehicles enterprises have higher share price but relatively unstable; if some want minimum risk portfolio then traditional vehicles enterprises need investing more; If some want to get high return, then new energy vehicles enterprises need investing more. The results in this paper benefit the related investors in financial markets.

KEYWORDS

GARCH, CCC-GARCH, ARIMA