Recently, all the global capital markets have fallen, and a number of A-Shares have a strong trend. What are the characteristics of these stocks?
more than 60% of A-Shares fell below the annual line
Since March, the Shanghai Composite Index has fallen 4.41% and the Shenzhen composite index has fallen 7.49%. Gem refers to the four consecutive negative monthly lines, and Shenzhen Cheng refers to the three consecutive negative monthly lines.
According to the statistics of securities times · databao, a total of 2844 A shares fell below the annual line, accounting for 60.14%. On March 9, the number of A-Shares fell below the annual line reached 3055, accounting for nearly 65% of the total A shares, which reached a new high since August 2021.
the loss of assets in the world's four major stock markets exceeded 30 trillion
Since March, in addition to Australia's S S & P 200 index, all 14 important indexes in the United States, India, Brazil, the United Kingdom, Europe, China and other countries (regions) have fallen, of which the Russian RTS index has fallen by nearly 35%, and the Hang Seng Index, NASDAQ index and German DAX index have all fallen by more than 5%. According to incomplete statistics, the value of the four major global stock markets, namely, the US stock market, the UK stock market, Hong Kong, China and the a stock market, has evaporated more than 30 trillion yuan, of which the loss of US stocks is nearly 20 trillion yuan.
71 anti falling A-Shares released
When the market fell, A-Shares always had a number of anti falling stocks, which repeatedly outperformed the market. According to the statistics of data treasure, in the last six times (five times from 2019 to 2021) and the last sharp decline, the Shanghai stock index fell by 5.92% from July 31 to August 6, 2019; The Shanghai Composite Index fell 4.91% from March 16 to 20 and 6.66% from July 14 to 16 in 2020; The Shanghai stock index fell 4.12% from March 8 to 10, 2021, and 5.41% from July 23 to 27 of the same year; Since March 2022, the Shanghai Composite Index has fallen by 4.41%.
Among them, 71 shares outperformed the Shanghai Composite Index (hereinafter referred to as "anti falling stocks") during the above six market falls. Since March, 71 shares have risen by an average of 2.04%, 39 shares have risen against the trend, and 7 shares, including Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , Beijing Haohua Energy Resource Co.Ltd(601101) , Shanxi Lu'An Environmental Energydev.Co.Ltd(601699) , have increased by more than 10%. During the last three market declines, there were only two stocks rising against the market, including Nanning Sugar Industry Co.Ltd(000911) , Nanfang Ventilator Co.Ltd(300004) and so on.
From the perspective of industry distribution, 71 only anti falling stocks appeared in public utilities, banking, media and other industries all previous sharp falls, the decline of the public utility index was lower than that of the Shanghai Composite Index. In March this year, the decline of the index was less than 2%, of which the anti falling stocks slightly outperformed the former.
stocks with low valuation
What are the characteristics of anti falling stocks? How to capture such stocks in the volatile market and analyze these companies from their own characteristics, financial fundamentals and so on.
From the perspective of valuation, taking the trading day before the six market crashes as the benchmark, the median P / E ratios (excluding negative numbers) of anti falling stocks and other stocks are calculated respectively. It is found that the P / E ratios of anti falling stocks are generally lower than those of other stocks. The median P / E ratios of the former are less than 20 times and the latter are between 30 times and 40 times
At the end of February this year, the median earnings ratio of the anti falling stock market was close to 20 times, most of the banking stocks and media stocks were less than 10 times, the earnings ratio of the 19 stock market was more than 30 times, Hubei Biocause Pharmaceutical Co.Ltd(000627) , Sufa Technology Industry Co.Ltd.Cnnc(000777) less than 50 times.
large cap stocks are more resistant to decline
In terms of market value, according to the latest closing date data, the average market value of anti falling stocks exceeds 100 billion yuan, and the average value of other stocks is less than 20 billion yuan. The shares of less than 5 billion shares and 10 billion to 50 billion shares account for basically the same proportion, of which less than 5 billion shares account for about 40% and 10 billion to 50 billion shares account for about 25% however, there is a large gap in the distribution of the number of listed stocks with a value of more than 50 billion, of which anti falling stocks account for 16.9% and the rest less than 6%
There are 13 stocks with a market value of 100 billion yuan, including Petrochina Company Limited(601857) , China Yangtze Power Co.Ltd(600900) , Daqin Railway Co.Ltd(601006) and three trillion market value stocks, including Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) and Agricultural Bank Of China Limited(601288) .
anti falling stocks are generally active
According to the statistics of data treasure, the average daily turnover rate (median) of 82 anti falling stocks in the above six time periods is lower than that of other stocks, and most of the time is less than half of that of other stocks. For example, from July 23 to 27, 2021, the median daily turnover rate of anti falling stocks was 1.17%, and that of other stocks was as high as 3.22%. In March 2022, the median daily turnover rate of anti falling stocks was about 2%, and that of other stocks was close to 3%.
northward capital has increased positions in 8 anti falling stocks since March
In addition to the above three aspects, the performance of stock price is also a key factor. According to the statistics of data treasure, the growth shares of net profit attributable to the parent company in the third quarter report of 2021 accounted for more than 40%, and the shares with non net profit deducted accounted for nearly 65%, and the shares with non net profit doubled accounted for more than 20%, including Anhui Jiuhuashan Tourism Development Co.Ltd(603199) , Shanghai Film Co.Ltd(601595) , Jiangsu Sanfame Polyester Material Co.Ltd(600370) , etc.
It is worth mentioning that the above six sharp falls are mostly concentrated in mid and late March and mid and late July. The former is the peak of annual report disclosure and the latter is the peak of interim report disclosure.
As of March 11, only 8 of the anti falling stocks have been increased by going north since March, China National Nuclear Power Co.Ltd(601985) , Daqin Railway Co.Ltd(601006) , China Yangtze Power Co.Ltd(600900) increased by more than 0.2 percentage points, and the latest valuation of 3 shares is less than 20 times Petrochina Company Limited(601857) , Shanghai Electric Power Co.Ltd(600021) increased positions by 0.06 percentage points, of which Petrochina Company Limited(601857) deducted non net profit in the third quarter of 2021 increased by nearly 4 times year-on-year.
Statement: all information contents of databao do not constitute investment suggestions. The stock market is risky and investment should be cautious.
