A股市场快照：宽基指数每日投资动态-20250418

• The report primarily focuses on tracking and analyzing the performance of broad-based indices in the A-share market, including metrics such as daily returns, moving averages, turnover rates, risk premiums, PE-TTM, dividend yields, and price-to-book ratios[1][2][3] - The turnover rate calculation is based on the formula: $\text{Turnover Rate} = \frac{\Sigma(\text{Component Stocks' Free Float Shares} \times \text{Component Stocks' Turnover Rate})}{\Sigma(\text{Component Stocks' Free Float Shares})}$ This metric is used to evaluate the liquidity of the indices[19] - The risk premium is calculated using the yield of 10-year government bonds as the risk-free rate, providing a measure of the relative investment value and deviation of each index. The report highlights that indices like CSI 2000 and ChiNext have higher 5-year percentile values for risk premiums, indicating relatively higher investment attractiveness[28][29][31] - The PE-TTM (Price-to-Earnings Trailing Twelve Months) is analyzed as a valuation metric. The report observes that indices such as CSI 500 and SSE 50 have higher 5-year percentile values, while indices like CSI 2000 and ChiNext have lower percentile values, reflecting differences in valuation levels across indices[37][39][40] - Dividend yield is tracked as a measure of cash return to investors. The report notes that indices like CSI 300 and CSI All Share have historically high 5-year percentile values, making them attractive for dividend-focused investors[45][50][51] - The price-to-book ratio (P/B) is used to assess market valuation relative to book value. The report highlights the percentage of stocks within each index trading below their book value, with indices like SSE 50 and CSI 300 showing higher percentages of stocks trading above book value, indicating market optimism[52]