策略化选股月报：7月六大策略均录得正收益，科创板策略单月超额收益超9%-20250803

Market Overview - In July, the overall A-share market experienced an increase, with the CSI 300 index rising by 3.54%, the CSI 1000 by 4.80%, the CSI 500 by 5.26%, and the ChiNext by 8.14% [16][17] - The top three performing sectors in July were steel, pharmaceuticals, and telecommunications, while the banking sector saw a decline [16] Multi-Strategy Stock Selection - The multi-strategy stock selection strategy achieved an absolute return of 6.04% in July, with a relative excess return of 1.64% compared to the CSI All Share Index [30] - The strategy's weight allocation for August shows the highest allocation to growth stocks at approximately 31.03%, while the lowest allocation is to value stocks at about 15.62% [21][22] - The strategy includes four sub-strategies: value stock strategy, growth stock strategy, quality stock strategy, and liquidation stock strategy, which are adjusted based on risk parity and momentum optimization [21][30] Extreme Style High BETA Stock Selection - The extreme style high BETA stock selection strategy recorded an absolute return of 3.05% in July, with a relative excess return of -1.23% compared to the CSI All Share Index [5][19] - The weight allocation for August indicates the highest allocation to large-cap value stocks at approximately 66.86%, while the smallest allocation is to small-cap value stocks at about 33.14% [53][54] "Dividend +" Preferred Stock Strategy - The "Dividend +" preferred stock strategy achieved an absolute return of 3.70% in July, with a relative excess return of -0.60% compared to the CSI All Share Index [6][19] - The strategy's portfolio consists of 30 selected stocks, with an average market capitalization of 1,095.78 million, primarily concentrated in the power and public utilities, machinery, and transportation sectors [6] Moving Average Trend Strategy - The moving average trend strategy recorded an absolute return of 5.07% in July, with a relative excess return of 0.71% compared to the CSI All Share Index [7][19] - The strategy's portfolio includes 30 stocks, mainly distributed across the non-ferrous metals, telecommunications, and steel industries [7] Sentiment Price-Volume Strategy - The sentiment price-volume strategy's top 50 combination achieved an absolute return of 7.68% in July, with a relative excess return of 3.21% compared to the CSI All Share Index [8][19] - The strategy's portfolio consists of 50 selected stocks, primarily in the electronics, machinery, and automotive sectors [8] Sci-Tech Innovation Board Strategy - The Sci-Tech Innovation Board strategy achieved an absolute return of 14.11% in July, with a relative excess return of 9.27% compared to the ChiNext 50 Index [8][19] - The strategy's portfolio includes 30 selected stocks, with nearly 40% concentrated in the pharmaceutical industry [8]