Has The Gem Index Fallen And Bottomed Out?
Along with the continuous weakening of the gem index, some of the graded B, which is based on GEM and growth stocks, has come to the brink of collapse recently.
Internet B, growth B level distance down less than 10% (that is, the net value of the net fund from the bottom to be reduced), and other media B level, venture capital B, Internet B class distance, less than 15%.
In addition, two highly leveraged convertible bonds classified B, convertible bonds B, convertible bonds B distance discount is less than 10%.
Gem, Britney Spears, who has seen the eyes of investors in the past few years, has now become Mrs. bear. As a highly leveraged bear lady, investment grade B, especially the graded B of growth stocks that are on the brink of falling down, should be more careful and cautious.
The so-called lower down, popular point, that is, high leverage is closed to the initial leverage, the lower threshold of grading B is more than 0.25 yuan, that is, when the net value of classified B falls to 0.25 yuan, the faster the fall, the higher the leverage (net leverage can be 5 times), the greater the fluctuation of the market.
In the event of a downward trend, there may be a huge loss due to high leverage, and the initial leverage (usually 2 times) after the loss, and the lower the market, the lower the lever.
Gem
The index's downward trend has not stopped. Today, it has fallen 0.72% again since it was hit by the stock market crash. It has recorded a five consecutive drop, closing at 1937.55 points, also hitting a 10 month low since March 14, 2016. The trend also continued to decline since the 4037.96 high of June 2015.
And in the eyes of many investment circles, although the high position has dropped by more than 50%, many gem stock valuations are still low, and the scarcity of GEM stocks is also greatly reduced.
Of course, some investors believe that the investment value of blue chip stocks with some real achievements after the decline of gem will gradually emerge.
And in the eyes of many investment circles, although the high position has dropped by more than 50%, many gem stock valuations are still low, and the scarcity of GEM stocks is also greatly reduced.
Of course, there are also some investors who believe that some GEM stocks with real performance after the decline of the gem.
investment value
It will gradually show itself.
Some market participants said that for the current market, especially gem, there are two important signals worthy of attention.
One is the speed of issuance of new shares. At present, there are still 2-3 IPO issued per day, and the rate of approval issued every Monday is about 10 or more. Only second of the second new shares have a market value of less than $4 billion after the IPO.
Of course, the future trend is always hard to predict, but it is necessary to maintain a vigilance for the risk of highly leveraged varieties in the downtrend.
From the market perspective, today's Internet B, growth B level, media B level, and venture capital B fell by 1.95%, 3.06%, 3.79% and 1.39%, respectively. These indexes of classified B tracking today dropped by about 1%.
According to the data collected by Ji Si Lu website, the distance between the Internet B and the growth B distance is 6.45% and 8.75% respectively, that is to say, as long as the net value of the parent funds of these two grades B falls less than 10%, it will be faced with a downward trend.
The distance between the B class and the B of the start-up stock is 10.26% and 12.8%, respectively.
The index of the above 4 B parent funds is the CSI mobile Internet Index, the CSI growth index, the CSI media index and the gem 50 index, which are highly correlated with the gem index.
It is worth noting that the latest share of Internet B is as high as 4 billion 14 million. Once there is a down payment or a large amount of redemption after grading A conversion, the redemption will prompt the fund to sell its stock position, and it is not ruled out that it may aggravate the stock and
index
Fluctuations.
Of course, in addition to the B of the gem and growth stocks, there are two classified B of the convertible bonds. At present, they are also close to the discount, and also have higher leverage.
There are also interconnected B level, network financial B and other grading B distance is also closer.
A fund analyst said that during the last year's stock market crash, there had been repeated B losses.
Highly leveraged B will lose money in a down market.
Of course, it does not exclude that the market is going up. The highly leveraged B will bring high returns, but it is difficult for ordinary investors to grasp the market volatility. We need to be more vigilant against highly leveraged B.
A fund analyst said that during the last year's stock market crash, there had been repeated B losses.
Highly leveraged B will lose money in a down market.
Of course, it does not exclude that the market is going up. The highly leveraged B will bring high returns, but it is difficult for ordinary investors to grasp the market volatility. We need to be more vigilant against highly leveraged B.
For more information, please pay attention to the world clothing shoes and hats and Internet cafes.
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At Present, The Gem Does Not Mean That There Is Any Possibility Of Reversal.
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