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has been cited by the following article:

• TITLE: Research on the Volatility Value of A-Share State-Owned Shipping Stocks

  AUTHORS: Rongrong Hu, Yiping Yu

  KEYWORDS: A-Share Stock, State-Owned Shipping Enterprise, Volatility Value

  JOURNAL NAME: Modern Economy, Vol.13 No.6, June 29, 2022

  ABSTRACT: The A-share stock price of state-owned shipping enterprises is higher than the discount value constantly. It implies an American call option for a speculator, so the price contains the discount value and option value. In order to help the investors to find the real value and obtain higher returns under the high volatility caused by the fluctuations of the shipping cycle or the stock market valuation cycle, Least Square Monte Carlo Simulation (LSM) method is used to calculate the implied American call option with the date of COSCO shipping energy-transportation Co., Ltd. It is found that the discount value plus volatility value among 2016-2020 is approximate to the stock price. The option value increases with the extension of maturity and the rise of expected volatility. It explains the over value and high volatility of the A-share price of cyclical stocks and small-cap stocks with poor performance.