——量化择时周报20251123：价量一致性下降，多指标指向情绪降温-20251124

Group 1 - The market sentiment score decreased slightly to 3.8 as of November 21, down from 3.9 the previous week, indicating a bearish outlook from a sentiment perspective [6][10][11] - The overall trading activity in the market has declined, with total trading volume for the week down 8.74% compared to the previous week, averaging 18650.36 billion CNY per day [13][15] - The short-term trend scores for industries such as banking, textiles, defense, and petrochemicals have shown an upward trend, with petrochemicals having the highest short-term score of 83.05 [35][36] Group 2 - The price-volume consistency indicator has rapidly declined, suggesting a decrease in the correlation between capital attention and stock price increases, leading to a drop in market sentiment [10][11][12] - The industry trading volatility has continued to rise, indicating increased activity in capital switching between sectors, although the growth rate has slowed down [19][21] - The financing balance ratio has continued to rise, reflecting an increase in leveraged capital sentiment, suggesting a more active investment environment [25][27] Group 3 - The model indicates a preference for small-cap and value styles, with strong signals for both, although the 5-day RSI relative to the 20-day RSI has decreased rapidly, warranting further observation [35][44] - The industry crowding degree shows a negative correlation with weekly price changes, indicating that sectors with high crowding, such as electric power equipment and basic chemicals, have experienced significant declines [39][41] - The report highlights that industries with lower crowding, such as automobiles and machinery, have shown smaller declines, suggesting potential long-term investment value [39][41]