【金工周报】（20251124-20251128）：中长期虽看多但不改短期震荡-20251130

• The report discusses multiple quantitative models for A-share and Hong Kong stock markets, including short-term, medium-term, and long-term models. These models are constructed based on price-volume, momentum, acceleration, and trend perspectives, among others. The report emphasizes the importance of combining signals from different models and periods to achieve a balanced strategy[9][12][13] - For A-shares, the short-term models include the "Volume Model" (neutral for all broad-based indices), "Feature Institutional Model" (bearish), "Feature Volume Model" (bearish), and "Smart Algorithm Models" (neutral for CSI 300, bullish for CSI 500)[12][71] - Medium-term A-share models include the "Limit-Up and Limit-Down Model" (neutral), "Up-Down Return Difference Model" (bullish for all broad-based indices), and "Calendar Effect Model" (neutral)[13][72] - The long-term A-share model, "Long-Term Momentum Model," is bullish[14][73] - Comprehensive A-share models, such as "A-Share Comprehensive Weapon V3 Model" and "A-Share Comprehensive Guozheng 2000 Model," are bearish[15][74] - For Hong Kong stocks, the medium-term models include the "Turnover to Volatility Model" (bearish) and "Hang Seng Index Up-Down Return Difference Model" (neutral)[16][74] - The report highlights that the quantitative models are designed to provide market timing signals and are based on historical data, emphasizing simplicity and universality in their construction[9][12] - The backtesting results for the "Double Bottom Pattern" and "Cup and Handle Pattern" show that the double bottom pattern outperformed the Shanghai Composite Index by 1.93% this week, while the cup and handle pattern outperformed by 2.5%[44][50] - The cumulative performance of the double bottom pattern since December 31, 2020, is 13.99%, outperforming the Shanghai Composite Index by 2.02%. However, the cup and handle pattern underperformed the Shanghai Composite Index by -1.14% over the same period[44][50]