Introduction to this report:
In terms of equity indexes, all major market indexes rose, while the CSI 1000 and gem indexes rose significantly; Gold rose significantly and commodities fell slightly; Chinese government bonds fell slightly. In the equity sector, the current transportation and non bank finance are more attractive in the later stage, while the environmental protection and beauty care sectors should pay attention to risks in the later stage.
Summary:
This week (from February 14, 2022-0 to February 18, 2022), the CSI 1000 and the gem index increased significantly.
In terms of equity indexes, all major market indexes rose, while the CSI 1000 and gem indexes rose significantly; Gold rose significantly and commodities fell slightly; Chinese government bonds fell slightly. From the quantile level of current yield, gold is above the 5% quantile level, gem index and CSI 1000 are above the 25% quantile level, Shenzhen Composite Index and CSI 500 are slightly lower than the 25% quantile, Shanghai Composite Index, CSI 300 and Shanghai Composite 50 are between the median and 25%, and Nanhua commodities and China government bonds are slightly lower than the median, China national debt and credit debt are at the quantile level of 75%.
From this week’s equity market shenwanyi industry sector, power equipment, non-ferrous metals, medicine and biology rose more. On the whole, all sectors showed more gains and less losses, non bank finance fell more, and public utilities, banking, transportation and other industries fell slightly. From the current quantile of return rate, non bank finance is lower than the 75% quantile, while machinery and equipment, comprehensive, steel, environmental protection, food and beverage, basic chemical industry, beauty care, medicine and biology, non-ferrous metals and power equipment are basically equal to or higher than the 25% quantile.
In terms of the relative attractiveness index of pairwise assets designed in this series of weekly reports, among the major types of assets, the Z value index of CSI 1000 is greater than or close to the upper threshold, and the relative attractiveness of pairwise assets in the later stage is weak. In the equity sector, the current transportation and non bank finance are more attractive in the later stage, while the environmental protection and beauty care sectors should pay attention to risks in the later stage.
Risk tip: the quantitative model is constructed based on historical data, and the historical law has the risk of failure.
