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恒生指数风险溢价(倒叙轴)与中国美元nGDP增速(滞后400天)
恒生指数风险溢价(倒叙轴)与中国美元nGDP增速(滞后400天)
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所属报告:
港股风险溢价2.0:港股估值底层逻辑再思考-251014(42页).pdf
打包全文图表
相关数据
图5.6:恒生指数表现强劲,市场资本化大幅上升(2025年增长27.8%)
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行业数据
2026-04-22
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图17、2025年恒生指数同比+27.8%
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行业数据
2026-04-20
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2025年恒生医疗保健指数表现
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行业数据
2026-04-02
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图4.11 恒生指数(VHSI 指数)和标准普尔 500 指数(VIX 指数)的期权隐含波动率
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竞争格局
2026-04-01
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美国十年期国债收益率和恒生地产分类指数
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行业数据
2026-03-31
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2012年至今H保险股年度涨跌幅及与行业、恒生指数对比(%)
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行业数据
2026-03-11
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2024年8月至今沪深300、上证综指、恒生指数回升
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行业数据
2026-02-25
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图表117.恒生科技指数估值(点)
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行业数据
2026-01-23
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图表115.恒生指数股息率与中国10年期国债对比(%,%)
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行业数据
2026-01-23
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上周证券和经纪板块在恒生综合行业指数涨跌幅中排序情况
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行业数据
2026-01-20
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恒生指数分行业绝对回报(根据过去一周回报排序)
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行业数据
2026-01-14
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图表3.2025年前11个月恒生指数前10大成份股涨跌幅排名(截至2025年11月
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行业数据
2026-01-14
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图表2.香港恒生综合指数分行业2025年前11个月表现(截至2025年11月28日)
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行业数据
2026-01-14
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图表5.恒生中国A/H股溢价指数
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2026-01-14
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图表4.2025年前11个月恒生国企指数前10大成份股涨跌幅排名(截至2025年11
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2026-01-14
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我们用中国的美元 nGDP 同比 TTM 增速(简称“短期增速”)作为短期经济增速指标,测试其与 ERP 之间的相关性。我们发现,ERP 与滞后 400 天的短期经济增速高度负相关,相关性系数达到-0.79。即:给港股估值就是在预测短期增速。
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港股风险溢价2.0:港股估值底层逻辑再思考-251014(42页).pdf
港股风险溢价2.0:港股估值底层逻辑再思考-251014
中国美元nGDP增速及港股风险溢价预测
宏观经济指标与风险溢价的领先滞后关系匹配
恒生指数风险溢价(倒叙轴)与中国美元nGDP增速(滞后400天)
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