BOCIC(SH:601696) Bank of China Securities·2026-03-08 07:19========= - The report discusses the relative crowding and excess net value of different A-share market styles, highlighting that the growth style is at a historically high position, while the small-cap style has a high cost-performance ratio[2][5] - The report tracks the valuation and stock-bond cost-performance ratio of the A-share market, noting that the current A-share PE_TTM is at a historically high percentile, with marginal declines in the past week[41][42] - The report evaluates the market sentiment risk, indicating that the rolling quarterly Sharpe ratio of the Wind All A Index has rebounded to a historically moderate position, not yet reaching the warning line[6][37] - The report provides a detailed analysis of the performance of various core indices, sectors, and industries, including their weekly returns and trading heat[24][25][35] - The report tracks the main fund indices, showing that most of them have declined in the past week, with private equity heavy indices and fund heavy indices leading the decline[91][94] - The report discusses the impact of interest rates on different market styles, noting that the rise in US Treasury yields in the past week has led to the underperformance of growth and large-cap styles[85][87] - The report analyzes the relationship between fund flows and momentum/reversal styles, indicating that the current decline in active stock fund total volume favors the reversal style[88][90] - The report provides a comprehensive overview of the commodity market, noting that the Chinese commodity market has generally risen in the past week, with the Nanhua Energy and Chemical Index leading the gains[126][128] - The report includes detailed charts and data on various market indices, including their returns, trading heat, valuation, and risk premium[17][23][35][50] =========