There are some long-term "slow bull" stocks in the A** market, but they can continue to hit new highs in the market with long-term style rotation and difficult fluctuations, and even go out of the "independent**", so they are loved by many investors.
For example, Yangtze River Power, which has long been favored by insurance funds and northbound funds, rose against the trend on December 26, when it was weak, and its stock price hit a new high since its listing. China Shenhua, Huaneng Hydropower, SDIC Power and other high dividends**, among which Huaneng Hydropower and SDIC Power also hit a new high since listing, and China Shenhua hit a new high since 2008.
Since the beginning of this year, the market has continued, and what have been tested and hit new highs since listing?How many ** stock prices have been able to consistently hit new highs in the past few years?This article is for everyone.
How important is it to "hit new highs"?33 new highs this year** "doubled" this year!
From December 19, 1990 to the present, the compound annual growth rate of the Shanghai Composite Index in 33 years has been as high as 108%；In comparison, the Dow Jones Industrial Average has grown at a compound annual growth rate of only 5 percent over the past 127 years since 18965%。
A recent article citing the aforementioned data, "Justifying the Shanghai Composite Index", sparked a heated discussion on the money-making effect of major indices at home and abroad.
There is a phrase that is often overlooked by investors and is repeatedly mentioned in discussions:Regardless of the historical long-term growth of an investment target, the actual investment income is obtained from the increase after the investment.
This also reminds us once again of the importance of the "new high" ability of our investment target - only a new high means that the first cost of all previous nodes has been covered, and every asset has achieved floating profit.
According to Choice data, as of December 27, 2023, the Shanghai Composite Index has failed to hit a record high for more than 17 yearsThe Dow Jones Industrial Average has repeatedly updated its 127-year stock price record in the past two weeks. To a certain extent, this also affects investors' perception of the money-making effect of the two.
Specific to the a** field,How many ** have hit new stock price highs this year?
According to the statistics of choice data,As ofOn December 27, 2023, among the more than 5,000** stocks listed in 2022 and before, 784 of them hit a new high since listing this year.
Among the ** stock prices that have hit a new high since their listing this year, 290 have been listed for more than 5 years, of which 33 have "doubled" this year, an increase of more than 100% since the beginning of this year. The author has counted the top 20 gainers since the beginning of this year, as follows.
Most of the new highs and top gainers this year have stepped on this year's hot themes**, especially the hot spots derived from the AIGC concept have a strong ability to sustain, which has also created a lot of new highs.
As mentioned above, even for companies that have been listed for more than 5 years, there are not a few stock prices that have hit new highs this year due to the structural nature of the market. ButHow many ** can the stock price reach new highs for many years in a row?
According to choice statistics, as of December 27, 2023:
ListingIn the past five years, only 13 of the 290** stocks that have hit record highs since 2023 have hit new highs since their listings in each of the 2019-2022 years, including Yangtze Power. In order of the rise and fall since the beginning of this year, the author has compiled a list of 13 "new high stocks in consecutive years" as follows.
It is worth mentioning that, as a typical example of "new high-level stocks in successive years" and "long-term slow", one of the major characteristics of Yangtze River Power is that it rises steadily but slowly, which makes different types of funds have a huge contrast in their views on it - funds with low risk appetite "prefer" it, while offensive funds "don't like" it.
According to Choice data, despite the steady performance of Yangtze Power in the past decade, it has risen from a low of about 5 in April 2014$5 rose to $23 on December 26, 20237 yuan, but the proportion of public offering ** holdings in its outstanding shares has only exceeded 3% twice in 2018 and 2023;Since 2019, the proportion of insurance funds has been at 5%-7% for a long time, and the allocation ratio of northbound funds in recent years has also been relatively close to that of insurance funds.
Risk Disclosure:The content involved in this article does not guarantee the completeness and accuracy of the data, and the analysis conclusions are for reference only, and the varieties involved do not constitute actual investment operation advice. **There are risks and investment should be cautious.
Copyright Notice:No person or institution is allowed to make any form of modification or use it for commercial purposes without permission. **Quotation, translation, secondary creation (including but not limited to displaying the content of the work in other forms such as audio-visual) or use for any commercial purpose must obtain the permission of our company and indicate that the work is a private placement network, and indicate the source of the content domain name.