汽车零部件ETF十月配置价值

• The automotive parts ETF (562700.SH) tracks the CSI Automotive Parts Index (931230.CSI), with a single-day increase of 4.2% on October 15, 2025, and a cumulative return from January 1, 2025, to October 15, 2025, showing strong performance[1][8] - The optimal convergent stock for the ETF is Huichuan Technology (300124.SZ), selected based on the deviation between component stocks and the CSI Automotive Parts Index, as well as research coverage[1][8] - Huichuan Technology's stock price at its bottom on August 23, 2024, was valued at 3.5x PS based on its 2023 revenue per share, and its price fluctuated below the T+2 year consensus fundamental value from January 1, 2024, to October 15, 2025[1][8] - The fundamental value for 2027 is calculated as the consensus 2027 revenue per share multiplied by 3.5x PS, and the ETF's allocation is measured based on the relative position of the stock price within the T-1 to T+2 year fundamental value range[8] - Huichuan Technology's 2025 earnings forecast remains stable, with the highest closing price of 88.91 yuan on October 9, 2025, approaching the expected fundamental value for 2027, while the October 15 closing price exceeded the expected fundamental value for 2026 but remained below the 2027 value[9] - From July 1, 2025, to October 15, 2025, the dynamic allocation strategy for the ETF based on Huichuan Technology achieved a Sharpe ratio and return drawdown ratio better than the buy-and-hold strategy, with a terminal return of 20% and a maximum drawdown of 2.56%, compared to the buy-and-hold strategy's terminal return of 28.53% and maximum drawdown of 9.65%[2][9][20]