Recently, the wind and waves in the market are relatively large, and the bigger the wind and waves, the more the difference between the two sides, and some differences that are not usually good-looking.
Since the beginning of this year, the adjustment of micro-cap stocks has been high, and the difference between the corresponding micro-cap strategies** is relatively clear.
By comparing the difference in net value of a single day and the difference in the rate of return of a single day in combination with the relevant index, we can see the difference in the strategy of the related index.
For example, Jin Yuan Shun An Yuan Qi Mix is still relatively strong, the main reason is that it is more valuable, and the protection of low valuation still plays a role at this time.
Another example is that the mixed strategy of Noamon is relatively volatile, mainly because this strategy is a quantitative strategy, which focuses more on keeping up with the performance of the micro-cap stock index, and now the effect is very good, and the degree of restoration is very high.
You can also talk about Jin Yuan Shun An Yuan Qi's brother - Jin Yuan Shun An Premium Select Mix C, the premium selection is obviously more growth, and the fluctuations are relatively large.
The above are the characteristics of these strategies, there is no advantage or disadvantage in itself, investors have their own advantages, it depends on which type of preference everyone prefers.
Many holders of micro-cap stock strategies** have been happy for more than half a year, and then returned to the original point in two weeks, and those who are late in the car have begun to ...... to return to their original capital
Why is the wind and waves so big?
Reviewing the best logic of micro-cap stocks, more support comes from capital rather than fundamentals. Even if it is a slow bull trend, its driving force is mainly the inflow of funds.
The background color of the fundamentals is that some ** are indeed ignored for various reasons, but they are actually quite valuable; The second is that this strategy is really good for a long time, and it is not good when it was good before, and there is a possibility of mean reversion.
The improvement lies in the continued positive fundamentals, the popularity of quantification, the emergence of money-making effects, and the continuous inflow of funds, which is obviously helpful for micro-cap stocks, because the plate is small, and the liquidity premium can be obvious.
The main reason for this round of adjustment is that the funds have been withdrawn, and the floating profit funds are uncertain, and the pressure is great, and the balance is completely broken and one-sided.
Since it is driven by funds, we still have to return to the analysis of the capital side, will those uncertain funds come back? When will you be back? Will the money from the sidelines come in?
Shouting is very important, and maintaining the heat is helpful for the best of micro-cap stocks, but if you really want to let a lot of money in, you still have to have an opportunity to push it.
For example, if you have enough space, it may be cruel for some people, but the fact is that you can't make space, you don't dare to come back or come in, and safety is very important at this time.
Of course, if there are heavenly soldiers who will help in the future, it will be a different scene, it is difficult to say.
Another example is the foil of other sections of the theme, which backlogs funds in this direction. There are also certain variables, and uncertainty is the eternal charm of the market.
It's hard to have a definite opportunity, and we can only say that the risk and reward are biased as much as possible.
Author: Kimin Lemon.
*:Snowball.