Combinative Study Of Smart Stock Selection And Artificial Quantitative Operation

The development of China's securities market is the same as that of the western capital market in the past one hundred years.But in the development of China's securities market are there a lot of bad accessories.Since the bull market from 2005 to2008,quantitative investment and Smart stock picking has increasingly caused the attention of domestic institutional investors and the scholars.However,quantitative investment strategies and intelligent selection system still exist lots of unknown risks.In order to solve this problem,this article will use modern mathematical economics,statistics,other related knowledge and theories as well as the long-term tracking of 50 ETF,300 ETF and data and experience of actual operation to analyze opportunities and risks of quantitative investment strategies and smart stock picking system.It will also combine the empirical analysis to explore the method integrating with the artificial operation,quantitative investment model and smart stock selection model and further attempt to find excess return strategy suitable for China's current national conditions.This article will be divided into six parts as follows.The first part is introduction.This part introduces the background and significance of the research,discusses the overall structure and technical route of the thesis,and points out the difficulties and innovations of this article.The second part is literature review.This part describes the development and evolution of the relevant basic theory,reviews and summarizes the development and application of the theory at home and abroad.The third part is the analysis about the intelligent stock picking,background knowledge of stock price prediction system and quantitative investment model.At the same time,this part reviews the limitations and weaknesses of smart stock selection system and quantitative investment strategies in China market application.The fourth part is the empirical analysis of the quantitative operation strategy in Chinese stock market.This part selects the appropriate stocks into the stock pool according to the above selection model and then makes up for the disadvantages of the model to obtain excess returns by manual operation.