Index compilation rules:
At present, the A-share index of Shanghai Stock Exchange is the only index that contains all the stocks of Shanghai Stock Exchange, and it is also the most comprehensive index that contains sample stocks of the industry. Its circulating market value and total market value are the largest, which can better represent the development of high-quality industries in China. Shenzhen Stock Exchange Index is an index compiled by 500 representative stocks of Shenzhen Stock Exchange, so technical analysis is more based on indexes such as Shanghai Composite Index for supplementary verification. SSE 50 is formed by weighting the top 50 stocks of the Shanghai Stock Exchange Index according to the total market value and trading volume, and the total market value accounts for 4 1% of the Shanghai Stock Exchange Index. SSE 180 is a weighted compilation of 180 stocks with the highest total market value and trading volume in the SSE index, with the total market value accounting for 66% of SSE, including 50 stocks in SSE. The Shanghai and Shenzhen 300 Index is weighted by the top 300 stocks of Shanghai Stock Exchange and Shenzhen Component Index. CSI 500 is an index compiled by excluding the CSI 300 Index and the bottom 20% stocks from the CSI 300 Index and ranking the top 500 stocks according to the total market value and trading volume. Generally speaking, SSE 50 represents the super-large-cap stocks of SSE, CSI 300 represents the large-cap stocks of Shanghai and Shenzhen stock markets, and CSI 500 represents the target of small and medium-sized enterprises with good liquidity.
Relevance of indicator objectives:
The correlation between SSE 50 and the trend of SSE index is about 0.4 (ps: the correlation of index is calculated by a complex formula, so let's approximate it here).
The correlation between SSE 180 and the trend of SSE index is about 0.66.
The correlation between CSI 300 and Shanghai Composite Index and Shenzhen Component Index is around 0.66.
The correlation between CSI 500 and Shanghai Composite Index and Shenzhen Component Index is about 0. 15.
Stock index futures/options, index ETF/ options strategy: the Shanghai and Shenzhen 300 index is closer to the trend of the Shanghai and Shenzhen index, whichever is stronger. SSE 50 seriously affects the trend of SSE. If the SSE strengthens, the SSE 50 will definitely be stronger. It is often seen that the small and medium-sized board of the Growth Enterprise Market of Shenzhen Stock Exchange rises sharply, while the SSE 50 does not rise or slightly rises because the SSE 50 does not rise, so we can focus on the SSE 50 index. The CSI 300 represents large-cap stocks in Shanghai and Shenzhen stock markets, and its trend is closely related to both SSE 50 and CSI 500. It is an index between SSE 50 and CSI 500. CSI 500 is closely related to the trend of small and medium-sized index stocks. The weights of banking, insurance, brewing and securities in SSE 50 add up to more than 60%. Generally, whether the Shanghai Stock Exchange can rise sharply depends on whether these sectors rise sharply. If the index wants to touch the important pressure level, it must have the above-mentioned weight plates to form a joint force. If only one is strong, the others will drag their feet, usually falling from the sky or diving sideways. When doing futures and options, we should give full play to the strength of several major index stocks, because index funds have a large amount of funds, and the allocation of funds in these major weight plates is amazing. Its purpose is to maintain the stable and healthy development of the market. When the delivery date of derivatives skyrockets, the market forms a consistent expectation of rising or falling, and the market system risks, the index stocks of the above-mentioned weight plates will make great achievements. If you are a stable investor with a large amount of funds, you may wish to allocate some 50 ETFs and 300ETF. Generally, there will be no delisting or huge negative risks due to the excellent performance of the target. The average fluctuation range is plus or minus 20%, and the risks are controllable and the benefits are guaranteed.
Target selection: For the current structural bull market, SMEs can choose IC or 500ETF when they are strong, and IH contract or 50ETF when Shanghai Stock Exchange is strong. Whether the Shanghai Stock Exchange or Shenzhen Stock Exchange has a strong component index, it can be done if it is a contract or a 300ETF.
Industry weight ratio:
Weight ratio of individual stocks:
Liquidity:
According to the average market value and turnover of individual stocks: SSE 50> CSI 300> CSI 500
In order to ensure the liquidity demand of major index funds and institutional investors, institutions mainly track the SSE 50 and CSI 300 indexes. In order to ensure the risk control demand of large capital entering the market, there are hedging tools such as stock index futures, stock index options, ETF and short selling of individual stocks to hedge risks.