In February, the market stabilized and rebounded, and the blue chip stock index performed relatively well.
Since 2022, the market has gradually stabilized and rebounded after a wave of rapid decline at the beginning of the year. In February, the A-share market as a whole was dominated by range shocks. Among the main broad-based indexes, the CSI 1000 index and the CSI 500 index rose 6.41% and 4.15% respectively in February, with the best performance, while the Shenzhen 100 index and the venture board index fell 1.23% and 0.95% respectively.
From the performance of Shenwan style index, the blue chip stock index and medium price stock index rose by 5.74% and 5.23% respectively in February, with the best performance. In the same period, the low profit stock index and the market index rose by 0.05% and 0.46% respectively, with relatively poor performance.
In February, the benchmark of coal and non-ferrous metal transportation industry was 45.2%, and the benchmark of non-ferrous metal transportation industry was defeated.
There are many factors that affect the rise and fall differentiation of the industry. According to the rotation model of West China metal industry, we comprehensively build the industry scoring model in combination with the information such as the prosperity of the fundamental industry, the expected improvement of analysts, capital flow and micro transaction structure. The industries recommended in the model in January include non-ferrous metals, basic chemical industry, national defense and military industry, textile and clothing, transportation Banking and other industries. As of February 28, 2022, the industry portfolio as a whole rose by 6.57%, the industry equal weight index rose by 4.12% in the same period, and the industry portfolio outperformed by 2.45%.
In terms of annual performance, the industry rotation model can beat the benchmark index in all years. Since this year, the industry rotation portfolio has fallen by 1.31%, the industry equal weight portfolio has fallen by 5.57%, and the industry portfolio has beat the benchmark by 4.26%.
The industry rotation model integrates different dimensions of information such as industry prosperity, analysts’ expected changes, capital flow and micro transaction structure for comprehensive judgment. According to the latest data at the end of February 2022, the model suggests that the industries to be focused in March 2022 include non-ferrous metals, coal, transportation, comprehensive, public utilities, basic chemical industry, etc.
Risk tips:
The quantitative model is calculated based on historical data, and there may be failure risk in the future.
