On August 2, 2018, the Shanghai Composite Index fell below 2800 points during the session.
Just one year later, on August 6, 2019, the Shanghai Composite Index fell below 2800 points again.
From 2800 points to 2800 points, the Shanghai Composite Index has experienced a cycle of market trends.
In this cycle of reincarnation, what remains unchanged is the point, what changes is the mentality, and what changes are the real account income.
丨From 2800 points to 2800 points 丨
Stock market: 65% of stocks fell
Average returns of all individual stocks -4.67%
There were 3,527 A shares stocks listed before August 2, 2018.
Among them, 1218 stocks can obtain positive returns if they hold them for one year, with positive returns only 34.53%, and negative returns exceeding 65%.
3527 stocks have acoustic average return of -4.67%, and the median return is -9.03%.
(data source WIND, statistical range from August 2, 2018 to August 6, 2019)
丨From 2800 points to 2800 points 丨
Fund: More than 87% of active equity funds have achieved positive returns
+5% of returns account for 70% of
Compared with the general decline in individual stocks, the performance of active equity funds in the past year is much more stable, and the real value is growing in time.
According to WIND statistics, "There are currently 2,258 active equity funds established before August 9, 2018 (all initial funds).
As of August 8, 2019, 1,971 achieved positive returns during this period, accounting for 87.29%.
Among them, 1,573 had more than 5%, accounting for nearly 70%.
This means that under the 2,800-point cycle of reincarnation in the past year, randomly bought an active equity market, 70% of which were 70% of the market. Probability can obtain a yield of more than 5%.
(data source WIND, statistical range from August 9, 2018 to August 8, 2019)
丨Return to A-shares at 2800 points again丨
valuation has been at the historic bottom range
again returned to A-shares at 2800 points again, valuation has been at the historic bottom range.
From the perspective of price-to-earnings ratio, core indices such as Shanghai and Shenzhen 300, Shanghai Stock Exchange 50, CSI 500 have approached or even lower than 2638 points when the limit down at the beginning of 2016 and 1664 points when the 2008 crisis.
(data source WIND, statistics time August 6, 2019)
丨The problem is: facing A-shares that return to 2800 points again丨
How are you going to set off again?
2019.8.15 • Thursday
Tomorrow Calendar
August 15, the National Bureau of Statistics will release the housing price index of 70 large and medium-sized cities in July. Among the changes in housing prices in 70 large and medium-sized cities in June previously released by the National Bureau of Statistics, the sales prices of newly built commercial housing in four first-tier cities rose by 0.2% month-on-month, a decrease of 0.1 percentage point from the previous month.
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southern dynamic
southern information innovation hybrid (Class A 007490, C 007491): Daily subscription, redemption, conversion and fixed investment business will be opened from August 19th. For details, please refer to the fund announcement.