Northward capital tracking: from the perspective of total amount, the change of northward capital is relatively consistent with the change of market situation. When the market situation rises, the inflow scale of northward capital is large; When the market is sluggish, the net inflow position decreases significantly.
In March 2022, the market fell rapidly and fluctuated at a low level. Wande a index fell by 7.52%, and the net outflow of funds from the North was 45.083 billion, the largest monthly net outflow in recent two years. Among them, the net purchase of Shanghai Stock connect was -17.33 billion yuan and that of Shenzhen Stock connect was -27.753 billion yuan.
From the perspective of industry changes, the share price of power equipment and new energy industry fell sharply last month, but it was increased by the largest amount of funds from the north; The food and beverage industry suffered the largest position reduction of northward funds.
Configure panjiacang power equipment and new energy, non-ferrous metals, power and public utilities, and net sell food and beverage, computers and cars; In the trading session, net purchases of non-ferrous metals, household appliances and real estate, and net sales of food and beverage, medicine and power equipment and new energy.
Tracking of fund separation degree: the separation degree of Baotuan fund was in the downward channel last month. The view of Baotuan fund tended to be consistent compared with that of last month, and the market reappeared the signs of Baotuan. Recently, the performance of group holding stocks and group holding funds is general, and there is no obvious excess return compared with the China Securities all index.
Pb-roe-50 strategy tracking: pb-roe-50 strategy maintained stable performance in all stock pools in March, and obtained an excess return of 1.53% based on the CSI 500 stock pool. Based on the CSI 800 stock pool, the excess return was -0.94%. Based on the stock pool of the whole market, the excess return was 2.07%.
Negative list: as of March 31, 2022, among the top 30 stocks with loose interest bearing debt ratio, Ping An Bank Co.Ltd(000001) , Shanghai Zhongyida Co.Ltd(600610) , Hna Technology Co.Ltd(600751) , Yibinpaperindustryco.Ltd(600793) , Xiandai Investment Co.Ltd(000900) , Yangzhou Yaxingmotor Coach Co.Ltd(600213) , Guangdong Aofei Data Technology Co.Ltd(300738) ranked behind 100 under the traditional standard.
Companies with higher financial cost burden rates include companies with higher financial cost burden rates: among those with higher financial cost burden rates are: amongamong the companies with higher financial cost burden burden rates: amongthose with higher financial cost burden rates: amongthose with higher financial cost burden rates: amongthe companies with higher financial cost burden burden rates: amongthe companies with higher financial cost burden burden rates, among which among the companies with higher financial cost burden rates, among those companies with higher financial cost burden rates like: 0000000000 Shenzhen Fountain Corporation(000005) 6 ා ;, Shanxi C&Y Pharmaceutical Group Co.Ltd(300254) , Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) , Aeolus Tyre Co.Ltd(600469) , and their index values are more than 10 times.
Risk analysis: the report results are based on the model and historical data. The model has the risk of failure, and the historical data may not be verified again.
