戴维斯双击策略本周超额收益0.96%

Core Insights - The report presents three main investment strategies: Davis Double-Click Strategy, Net Profit Gap Strategy, and Enhanced CSI 300 Strategy, each with distinct methodologies and performance metrics [2][8][11]. Davis Double-Click Strategy - The Davis Double-Click Strategy involves buying stocks with low price-to-earnings (PE) ratios that have growth potential, selling them once growth is realized and PE increases, thus achieving a "double-click" effect on earnings per share (EPS) and PE [2][5]. - Historical backtesting from 2010 to 2017 showed an annualized return of 26.45%, outperforming the benchmark by 21.08%, with consistent excess returns exceeding 11% in each of the seven years [6][7]. - As of December 12, 2025, the strategy has achieved a cumulative absolute return of 51.82%, exceeding the CSI 500 Index by 26.60% [6][7]. Net Profit Gap Strategy - The Net Profit Gap Strategy combines fundamental and technical analysis, focusing on stocks that show earnings surprises and experience significant upward price gaps on the first trading day after earnings announcements [8][9]. - Since 2010, this strategy has yielded an annualized return of 29.14%, with a cumulative absolute return of 61.56% in the current year, outperforming the benchmark by 36.34% [9][10]. - The strategy selects stocks based on their earnings announcements and ranks them by the magnitude of price gaps, constructing a portfolio from the top 50 stocks [8][9]. Enhanced CSI 300 Strategy - The Enhanced CSI 300 Strategy is built on investor preference factors, categorizing investors into GARP, growth, and value types, and aims to identify undervalued stocks with strong profitability [11][14]. - Historical performance indicates a stable excess return, with the current year's portfolio exceeding the CSI 300 Index by 17.39% [14]. - The strategy utilizes PB/ROE and PE growth metrics to identify stocks with reliable growth potential and low valuations [11][14].