Valuation discount research
Start with value, then review quality and dividend sustainability.
- Start with
- Use sector-relative valuation ranks and report quality-filter effects.
- Review
- Negative PE, cycles, sector concentration and special dividends.
Factor selector
A-share factor selector
Start with a research objective, choose only a few factor candidates, then write the universe, timing, costs and review conditions. These paths are research aids, not stock picks, portfolio recommendations or return promises.
Use the selector in three steps
Choose the question
Decide whether you are studying valuation, defence, trend, operating improvement or size-liquidity exposure.
Choose a small set
Start with two or three factors, then compare single-factor and combined results.
Write review conditions
State the universe, timing, costs, exposures and failure criteria before the backtest.
Defensive and lower-turnover research
Use low volatility and dividend characteristics, then check quality.
- Start with
- Start with monthly rebalance and report beta, sector weight, turnover and suspension rules.
- Review
- Defensive-sector concentration, ex-dividend conventions and stale prices.
Medium-term trend research
Use momentum with low-volatility and quality constraints.
- Start with
- Fix a 60- or 120-day window and skip period before comparing constraints.
- Review
- Fast reversals, price-limit non-fills, turnover and crowding.
Operating-improvement research
Use growth and quality while reviewing investment expansion.
- Start with
- Refresh on actual filings and report growth, cash-flow quality and asset-growth exposures separately.
- Review
- Low bases, M&A, loss-to-profit transitions and valuation.
Small-cap and liquidity exposure
Study size only alongside liquidity and capacity constraints.
- Start with
- Set listing-age, trading-value and participation thresholds before ranking.
- Review
- Micro-cap capacity, survivorship, suspensions and market impact.