周报：衍生品多头信号转弱，转债策略表现优异

Group 1: Performance Metrics - The convertible bond random forest strategy achieved an absolute return of 2.54% and a relative return of 0.46% this week[2] - The latest macro environment Logit prediction value has steadily increased, reaching 0.498, up from 0.228 last month[34] - The latest multi-dimensional timing signal is a bullish signal at 0.95, despite a bearish signal from the stock index futures basis at -0.05[26] Group 2: Market Trends - The corporate profitability index slightly declined this week, with the current prosperity index at 1.349, indicating a decrease from the previous week[43] - The financing funds continued to show a net inflow of 294.12 billion yuan this week, contributing to a total net inflow of approximately 5343.64 billion yuan since July 2023[72] - The latest style rotation model prefers small-cap growth stocks, with a size signal of -1 indicating a bias towards small-cap allocation[74] Group 3: Sector Analysis - The sectors with the highest percentage increase in prosperity index this week include batteries, aquaculture, and wind power equipment, while the largest declines were seen in oil and petrochemicals, glass fiber, and hotel catering[47] - The industry rotation strategy currently favors non-bank financials, retail, electronics, batteries, and electric motors II, with a benchmark return of 4.08%[2] Group 4: Risk and Volatility - The quality factor performed well from December 9 to December 13, while the volatility factor showed poor performance during the same period[67] - The microstructure risk of the CSI 300 and CSI All Share indices has decreased, indicating a stabilization in structural risk[53]