卫星ETF十月配置价值

• The satellite ETF (159206.SZ) tracks the National Commercial Satellite Communication Industry Index (980018.CNI), with a single-day increase of 3.73% on October 24, 2025 [3][10] - The best convergent stock for the satellite ETF during the period from January 1, 2025, to October 24, 2025, was Aerospace Electronics (600879.SH), selected based on the deviation from the index trend and research coverage [3][10] - Aerospace Electronics' stock price fluctuated below the fundamental value of T+2 year (2027) expectations, calculated as the consensus 2027 EPS multiplied by a PE of 39 [3][10] - The dynamic position allocation strategy for Aerospace Electronics was based on its stock price relative to fundamental value ranges, with full allocation when the price was between T-1 year and T+1 year values, and partial allocation when between T+1 year and T+2 year values [3][11] - During the backtesting period from July 1, 2025, to October 24, 2025, the dynamic allocation strategy achieved a Sharpe ratio and return-drawdown ratio superior to the buy-and-hold strategy, with a final return of 13.77% and a maximum drawdown of 3.68%, compared to the buy-and-hold strategy's final return of 12.97% and maximum drawdown of 12.58% [4][11][18]