Classification of securities investment strategies

According to the conceptual basis of the strategy:

Passive investment strategy: stock investment, also known as untimely investment strategy, is divided into simple long-term holding strategy and scientific combination long-term holding strategy.

Simple long-term holding strategy, mainly buying and holding strategy. Once the portfolio is determined, there will be no active stock trading behavior.

The long-term holding strategy of scientific portfolio refers to fitting the performance of benchmark index by constructing complex stock portfolio, and measuring the fitting degree with tracking error.

Active investment strategy: also known as timing investment strategy, it can be divided into three types: conceptual investment strategy, price investment strategy and psychological investment strategy.

Concept judgment investment strategy refers to the investment strategy based on basic analysis, which is divided into value investment strategy and growth investment strategy.

Value investment strategy refers to an enterprise whose investment price is lower than its intrinsic value, aiming at pursuing a relatively fixed return on investment. According to whether to participate in the management of the invested enterprise, it is divided into negative value investment and positive value investment. Negative value investment refers to not interfering with the management of enterprises; Positive value investment refers to influencing the transformation and reorganization of enterprises and improving the value of enterprises through the shares held. The growth investment strategy focuses on investment in growth stocks, and the main goal is to obtain stock price growth when the enterprise grows.

Price judgment investment strategy is an investment strategy based on technical analysis, which can be divided into homeopathic strategy and contrarian strategy according to the relationship between operation and trend.

Psychological judgment investment strategy is based on investors' pessimism and optimism.

Mixed investment strategy;

Active index investment strategy refers to making appropriate active adjustments on the basis of keeping a close eye on the selected stock index. This strategy is also known as the enhanced index method.

The compound investment strategy of psychological judgment and conceptual judgment refers to the investment strategy based on independent investment ideas and psychological judgment, which serves as the basis for the timing of entry and exit.

The compound investment strategy of psychological judgment and price judgment refers to the timing investment strategy combining technical analysis and psychological analysis.

The compound investment strategy of concept judgment and price judgment refers to the investment strategy based on independent investment concept and technical analysis. The following categories are listed:

1, simple long-term holding strategy (variety selection, untimely selection)

2. Long-term holding strategy of scientific combination (variety selection, untimely selection)

3. Index strategy (non-variety selection, non-timing selection)

4, strengthen the index strategy (variety selection, timing selection)

5. Concept judgment investment strategy (variety selection, timing selection)

1) growth investment strategy

2) Value investment strategy

A. Negative value investment strategy

B. Positive value investment strategy

6. Psychological judgment investment strategy

7. Price judgment investment strategy

8. Hybrid investment strategy.

9. Internal investment strategy (variety selection, timing selection)

10, using abnormal strategies: calendar effect, small company effect, low price-earnings ratio effect, low price-sales ratio effect, neglect effect, etc. (variety selection, timing selection).