1, q, online commentators often say that when the general fundamentals change, the market will be turbulent, thus changing the market trend. What are the fundamentals? What changes have taken place in the fundamentals now, which caused the market to plummet yesterday and Friday, devouring all the gains last week.
A: I want to ask a few questions: Has liquidity tightened? Is business still going on? Is it necessary to raise interest rates? Yi, can't you control your feelings? Isn't this the fundamentals? This is the fundamental, not so tall. Nothing has changed. Why did the market plummet? It's all emotional. It's all temporary I'm afraid of myself. I think the risk accumulation in the American stock market is already very high.
2. Q: As an asset allocation, the correlation between various assets is often mentioned, and the more irrelevant the asset portfolio, the more stable it is. I would like to ask whether the relevant data of our A-share market and various assets we often talk about are positive or negative, and what is the correlation coefficient?
A: This question is the basic knowledge that we often use in asset allocation, and it is the basis of asset allocation. Everyone is using it, but when they really want to say it, they can't say it clearly. I don't know how to say it or where to say it. Because most of my own assets are allocated, I seldom go into the correlation coefficient between assets in each portfolio. Just yesterday, I listened to a teacher's program about asset allocation. He talked about the correlation between our A shares and related assets. Here's a paraphrase for everyone: If we look at the past 10 year, if we compare the various coefficients of Wande All-A Index (representing A shares) and various types of assets, the correlation coefficient between Wande All-A Index and CSI All-Debt Index, that is, China A shares and China bonds, is 0.7, which sounds a bit incredible, but is the correlation coefficient between them so large? The correlation coefficient between Wandequan A and Hang Seng Index is 0.58, which you may not expect, because we always think that the correlation coefficient between the rise and fall of Hong Kong stocks and the mainland is quite large, but it is only 0.58. The correlation coefficient between Wandequan A and Standard & Poor's 500 is 0.73. You will find that the correlation coefficient between our stock market and S&P in the United States is even higher than that of our total securities debt, and higher than that between us and Hong Kong stocks. The only asset negatively related to Wandequan A is gold, and the correlation coefficient is negative 0. 13. The correlation coefficient between Wandequan and CSI bonds is 0.7, that between Wandequan and Hang Seng Index is 0.58, that between Wandequan and Standard & Poor's 500 of our bank is 0.73, and that between Wandequan and our bank's gold is -0. 13. From the above data, you will find that it has no correlation coefficient equal to 1 and no correlation coefficient equal to-1, and the lowest is gold minus 0. 132.
3. Q: Now Brent crude oil has fallen below $50, closing at $48 on Friday, and the price has hit a new low. Can it be configured now?
A: Brent crude oil fell to $48. Crude oil can be configured, but it cannot be shuttled. It should be completed within three months, and the bad habit of investing in the shuttle bus must be changed. Some people say: now it is not in place, what should I do if the oil price is above 50 dollars? It's hard to say that the price is too high for investment, so don't buy it. You don't have to do crude oil business, and you don't have to hang yourself from a tree. Just leave what has been allocated and calculate how much you have allocated. If the price falls below $50, it will not delay reinvestment. Since distribution means a certain proportion, it should not exceed 3% of the total in principle. Crude oil is a commodity, so don't invest it alone. It is too risky and can only be allocated.
4.Q: 5 19 152 The yield of Xinhua pure bonds is very low. His income is only calculated once a week, and it seems that it is not much better than the money fund. The fund company also said that his income was very low. Why put it in asset allocation?
A: Xinhua pure debt is a short-term debt, similar to a money fund, but relatively stable, with no ups and downs. He earns money every day, and his income is good recently. The annualized rate of return is about 5%, so you don't have to stare at it every day, which is very worry-free. The income of the money fund generally does not reach this level. Fund companies certainly don't want you to buy this kind of fund, because the income level of this kind of fund is low and the fluctuation is small. Of course, fund companies want you to buy funds with big fluctuations and high returns. Only in this way can they get more subscription fees and management fees from your business, and they can earn more money from you.
5. Q: I would like to ask if the non-ferrous metal sector fell a lot yesterday because of the epidemic. What is logic?
A: It is the delay in resuming work, and everyone is worried that the industry will be destroyed. Demand is decreasing. Therefore, when industry declines, industrial metals naturally come down.