Underestimating is a good time for us, so how can we tell if we are clearly underestimating?
In addition to the overall valuation level, are there any other reference indicators?
We all know that when the Shanghai Index is lower than 12 times, it can generally be regarded as the bottom area, and the overall valuation level of the GEM is lower than 40 times, which is a relatively low level.
Of course, the GEM as a whole may be higher, which is also normal, because the growth rate of the GEM is much greater than that of the main board, so the valuation level should also be appropriately higher, in addition to this reference indicator, we can also refer to the following points.
From the perspective of the characteristics of A-shares, when the time reaches about two years, the overall valuation level is already relatively low, and some ** will take the lead in starting and be independent of **.
Of course, the overall ** may continue ** for a period of time, the characteristics of A shares are short bulls and long bears, and the bear market will generally maintain violence for about a year, and then it will be up to about five years of yin and fall time, and finally, it is possible to usher in violence for about a year again.
The number of 100-yuan stocks, although this is not absolute, but it has little to do with valuation, and it is indeed a reference indicator.
But in a bear market, 100 yuan stocks may be wiped out, which is also a manifestation of the extreme downturn in the market.
The number of broken net ** is the same as that of 100 yuan stocks, when many ** fall below the net worth, it is also a manifestation of low market sentiment, so that you can buy more assets for one yuan, and no one wants less than the net worth, at this time investors can pick up cheap.
Market volume, this is also an important reference, just like 1664, only when there is a volume, will see the land price, no volume of the market, must be a depressed market.
Judge the level of ** clearly, you know what kind of strategy should be adopted, whether you should hold shares, or hold coins, in order to achieve better returns, the above points, we can use as a reference standard for judging ** undervaluation.