The factor stock selection strategy uses the index as the benchmark for comparison. At the same time, the strategy return rate is simply subtracted from the index return rate to form a new return sequence, and then the net value trend formed by the return rate is studied. Of course, since short selling also requires a margin investment, although such a simple subtraction process is intuitive and effective, it also lacks certain practical significance. A more realistic approach is to construct a strategy using a market-neutral combination, and then study the net value trend of the neutral strategy. #ETH #crypto2023 #Binance #BNB #Web3