2025 年 08 月 17 日 市场情绪维持高位运行，行业涨跌 趋势进一步上涨 ——量化择时周报 20250815 相关研究 证券分析师 沈思逸 A0230521070001 shensy@swsresearch.com 邓虎 A0230520070003 denghu@swsresearch.com 联系人 沈思逸 (8621)23297818× shensy@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 权 益 量 化 研 究 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 量 化 策 略 - ⚫ 市场情绪持续高位运行：市场情绪指标数值为 3.2，较上周五的 3.25 基本保持同一水平， 市场情绪仍处于高位，但开始有回落迹象，建议进一步关注。 ⚫ 价量一致性指标保持上升，PCR 结合 VIX 指标由正转负：行业间交易波动率连续几周保 持上升趋势，表明市场资金交易活跃较高；价量一致性周内保持震荡趋势，周二小幅回落 至布林带上界下方，最终再度突破布林带上界；融资余额占比保持在布林带下方，而融资 余额绝对值已突破两万亿，不断创下历史新高。 ⚫ 本周全 A ...

Group 1 - Market sentiment indicators have risen to 1.8, up from 0.65 last week, indicating a bullish outlook [10][18] - Inter-industry trading volatility has increased, signaling a recovery in capital activity and reduced uncertainty in short-term sentiment [14][23] - The total trading volume of the A-share market has continued to rise, with a peak daily trading volume of 1,928.645 billion RMB on Wednesday [18][27] Group 2 - The coal industry shows a significant upward trend, with a short-term trend score increase of 109.09% [32][34] - The model indicates a preference for small-cap growth styles, with strong signals for growth styles as evidenced by the RSI metrics [36][37] - The top five industries with the strongest short-term trends include environmental protection, basic chemicals, social services, non-ferrous metals, and comprehensive sectors [32][34]