On May 6, I wrote an article and made a statistic,
Select the time point at the end of each year and several historical time points to calculate the proportion of low PE companies in the number of all listed companies. Low PE is defined as a PE (TTM) between 0 and 20.
After being reminded by enthusiastic netizens, why was the low point day of April 26th not included in the statistics on May 6th? If this is the bottom of history, I think it makes sense.
Let’s look back at the picture on April 26, it looks like this.
At that time, I was thinking about May 6, and it already accounted for 25.8%. It would be great if it could reach more than 30% in the future. According to history, for several historical bottoms, this indicator accounted for more than 30%.
For example, June 6, 2005, October 28, 2008, and December 31, 2018.
So, I added a line on the basis of this picture and this table, specifically to find the data on April 26 and join it, and get the following picture, I found that maybe I don’t need to wait for the bottom.
On April 26, 2022, there were 4,795 listed companies in total, and 1,460 with PE(TTM) between 0 and 20.
The proportion of low PE companies has reached more than 30%, which is already in line with the characteristics of the historical bottom.
There has been an extremely pessimistic atmosphere in the market recently,
In fact, about 3000 points, you can judge with common sense.
This is the historical bottom range, the bottom of the policy comes out, the bottom of the market comes out, and it will come naturally.
There is no need to be pessimistic.
Even if it’s not the lowest point here, it’s not far away,
If you don’t believe in individual stocks, you can invest in low-cost index funds.
Extremely pessimistic, here is the bottom
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