A股市场快照：宽基指数每日投资动态-20260227

• 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 net asset ratios[1][2][3] - The turnover rate of the indices is calculated using the formula: $ \text{Turnover Rate} = \frac{\Sigma(\text{Circulating Shares of Constituents} \times \text{Turnover Rate of Constituents})}{\Sigma(\text{Circulating Shares of Constituents})} $ This metric reflects the liquidity and trading activity of the indices[16][17] - The risk premium is measured relative to the 10-year government bond yield, serving as a benchmark for assessing the relative investment value of the indices. The report highlights that indices like CSI 1000 and CSI 2000 exhibit higher risk premiums compared to others, with values of 0.76% and 0.78%, respectively[26][30] - The PE-TTM (Price-to-Earnings Trailing Twelve Months) is used as a valuation metric. The report notes that indices such as CSI 1000 and CSI All-Share have reached their 1-year and 5-year peak valuation levels, with CSI 1000's PE-TTM at 52.41 and CSI 2000's at 175.16[38][41][43] - Dividend yield is analyzed as a measure of cash return to investors. The current dividend yield for indices like SSE 50 and CSI 300 is relatively higher at 3.36% and 2.78%, respectively, while CSI 2000 has a lower yield of 0.68%[47][52] - The net asset ratio (or "break net ratio") is used to evaluate the proportion of stocks trading below their net asset value. The current break net ratios for indices are as follows: SSE 50 (24.0%), CSI 300 (16.67%), CSI 500 (10.0%), CSI 1000 (6.7%), and CSI 2000 (2.3%)[56]