Low-valuation research
How cheap have A-share stocks been, and does buying cheaper stocks pay? Read the findings first, then compare the evidence and trading assumptions.
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When to revisit the conclusion
VG-C01 · 2026-10-22
Current evidence
Grouped valuation remains a conditional historical draft. Reconstructed ST and financial histories are not certified revision-safe; market coverage and executable portfolios are unverified.
Evidence still needed
Archive first-seen financial versions and eligibility, retain all five groups, and observe 12 planned future monthly cohorts under the frozen execution rules.
When the judgment changes
Source repairs materially alter group differences, or matched future evidence fails to reproduce them. Missing or unresolved assets prevent a complete-return judgment.
Review trigger
Review each cohort, any accounting or eligibility correction, and the final 20-session exit window. Keep absent observations on the planned calendar.
Future observation status
Not started. The frozen protocol allows the first formation no earlier than November 2026 and only after the actual freeze timestamp. Calendar, first-seen data and execution receipts must be collected before admission. No completed future performance is reported.
Read the existing protocol and registration