- The report includes multiple quantitative models for A-share market timing, such as "Volume Model," "Low Volatility Model," "Feature Institutional Model," "Feature Volume Model," "Smart CSI 300 Model," "Smart CSI 500 Model," "Limit-Up/Down Model," "Calendar Effect Model," "Long-Term Momentum Model," "Comprehensive Weapon V3 Model," and "Comprehensive CSI 2000 Model"[1][10][11][12][13] - The report also includes a Hong Kong market timing model, specifically the "Turnover Inverse Volatility Model"[14][73] - The construction of these models is based on principles such as price-volume relationships, acceleration and trend analysis, momentum, limit-up/down patterns, and calendar effects. The models are designed to cover short-term, medium-term, and long-term cycles, forming a multi-strategy system[8][10][11] - The report evaluates the models qualitatively, stating that timing strategies should be simple and universal, emphasizing the importance of coupling signals from different models or cycles to achieve a balance between offensive and defensive strategies[8][10][11] - The latest signals from the models indicate mixed results: some models are bullish (e.g., Volume Model, Feature Volume Model, Limit-Up/Down Model, Comprehensive Weapon V3 Model, Comprehensive CSI 2000 Model), while others are neutral or bearish (e.g., Low Volatility Model, Feature Institutional Model, Smart CSI 300 Model, Smart CSI 500 Model)[10][11][12][13] - Backtesting results for specific models or factors are not explicitly detailed in the report, but the report mentions that the "Comprehensive Weapon V3 Model" and "Comprehensive CSI 2000 Model" are bullish overall[13][72] - The Hong Kong market model, "Turnover Inverse Volatility Model," continues to show bullish signals for the Hang Seng Index[14][73]

Quantitative Models and Construction 1. Model Name: Volume Model - **Model Construction Idea**: This model evaluates market timing based on trading volume dynamics[10][64] - **Model Evaluation**: The model currently signals a neutral stance for the short term[10][64] 2. Model Name: Low Volatility Model - **Model Construction Idea**: This model assesses market timing by analyzing low volatility trends in the market[10][64] - **Model Evaluation**: The model currently signals a neutral stance for the short term[10][64] 3. Model Name: Institutional Feature Model (Dragon-Tiger List) - **Model Construction Idea**: This model uses institutional trading features from the Dragon-Tiger list to predict market movements[10][64] - **Model Evaluation**: The model currently signals a bearish outlook for the short term[10][64] 4. Model Name: Feature Volume Model - **Model Construction Idea**: This model leverages specific volume features to predict market trends[10][64] - **Model Evaluation**: The model currently signals a bearish outlook for the short term[10][64] 5. Model Name: Intelligent CSI 300 Model - **Model Construction Idea**: This model applies intelligent algorithms to predict movements in the CSI 300 index[10][64] - **Model Evaluation**: The model currently signals a bullish outlook for the short term[10][64] 6. Model Name: Intelligent CSI 500 Model - **Model Construction Idea**: This model applies intelligent algorithms to predict movements in the CSI 500 index[10][64] - **Model Evaluation**: The model currently signals a bearish outlook for the short term[10][64] 7. Model Name: Limit-Up/Down Model - **Model Construction Idea**: This model evaluates market timing based on the frequency of limit-up and limit-down events[11][65] - **Model Evaluation**: The model currently signals a bullish outlook for the mid-term[11][65] 8. Model Name: Calendar Effect Model - **Model Construction Idea**: This model incorporates calendar-based patterns to predict market movements[11][65] - **Model Evaluation**: The model currently signals a neutral stance for the mid-term[11][65] 9. Model Name: Long-Term Momentum Model - **Model Construction Idea**: This model evaluates long-term market trends using momentum indicators[12][66] - **Model Evaluation**: The model currently signals a neutral stance across all broad-based indices for the long term[12][66] 10. Model Name: A-Share Comprehensive Weapon V3 Model - **Model Construction Idea**: This model integrates multiple signals to provide a comprehensive market timing prediction[13][67] - **Model Evaluation**: The model currently signals a bearish outlook for the A-share market[13][67] 11. Model Name: A-Share Comprehensive CSI 2000 Model - **Model Construction Idea**: This model focuses on the CSI 2000 index, combining various timing signals[13][67] - **Model Evaluation**: The model currently signals a neutral stance for the A-share market[13][67] 12. Model Name: Turnover-to-Volatility Model (Hong Kong Market) - **Model Construction Idea**: This model evaluates market timing in the Hong Kong market by analyzing turnover relative to volatility[14][68] - **Model Evaluation**: The model currently signals a bullish outlook for the mid-term[14][68] --- Model Backtesting Results 1. Volume Model - **Short-Term Signal**: Neutral[10][64] 2. Low Volatility Model - **Short-Term Signal**: Neutral[10][64] 3. Institutional Feature Model (Dragon-Tiger List) - **Short-Term Signal**: Bearish[10][64] 4. Feature Volume Model - **Short-Term Signal**: Bearish[10][64] 5. Intelligent CSI 300 Model - **Short-Term Signal**: Bullish[10][64] 6. Intelligent CSI 500 Model - **Short-Term Signal**: Bearish[10][64] 7. Limit-Up/Down Model - **Mid-Term Signal**: Bullish[11][65] 8. Calendar Effect Model - **Mid-Term Signal**: Neutral[11][65] 9. Long-Term Momentum Model - **Long-Term Signal**: Neutral across all broad-based indices[12][66] 10. A-Share Comprehensive Weapon V3 Model - **Comprehensive Signal**: Bearish[13][67] 11. A-Share Comprehensive CSI 2000 Model - **Comprehensive Signal**: Neutral[13][67] 12. Turnover-to-Volatility Model (Hong Kong Market) - **Mid-Term Signal**: Bullish[14][68]