The stock market is usually regarded as a barometer of a country's economy, so the stock index also reflects a country's future economic trend to some extent. The Shanghai and Shenzhen 300 stock indexes are composed of the price indexes of some screened constituent stocks, so they reflect the price trend of these constituent stocks to some extent. Investors need to consider the following factors when analyzing the fundamentals of stock index futures.
The first is national policy. Different monetary, financial and biased economic policies adopted by the government in different periods and stages will affect people's psychology and the trend of the stock market in a short time, especially the industry policy will have a direct impact on the weight industry sector.
The second is the fluctuation of economic cycle. Every country's economy has the characteristics of periodic fluctuation, which will be reflected in the stock index to some extent. Therefore, it is of great significance to analyze a country's economic cycle and judge whether it is in a growth period or a recession period to judge the long-term trend of the stock index.
The third is the adjustment of index constituent stocks. According to the principle of index compilation, every certain period, index companies will make some adjustments to the constituent stocks, and the adjustment of the constituent stocks will inevitably affect the price level of the index. Therefore, we must always pay attention to this information when investing in stock index futures, because the adjustment of index constituent stocks may affect the index price in a short time.
The fourth is the national economic aggregate. Gross National Product (GDP) is the most direct indicator of a country's economic scale, so it is very important for investors to analyze the trend of GDP in a country.
The fifth is the trend of index heavyweights. Because different constituent stocks have different weights in the stock index, each constituent stock has different contributions to the stock index. The influence of stock changes with large weight coefficient is obviously greater than that of stocks with small weight, so it is very important to analyze the trend of stock indexes, especially the fundamental analysis of these heavyweight stocks is very important to analyze the trend of stock index futures.
The sixth is other macro factors. In addition to the above factors, there are also some macro factors that may have a systematic impact on the stock index, such as war, regime change and international situation. This also needs careful analysis.
In addition, the trend of other related markets will also affect the trend of stock indexes, such as international stock market and bulk raw material futures market. Investors must comprehensively analyze these factors when analyzing the trend of stock index futures.