将中国沪市A股与流通市值结合,研究股票市场的惯性和反向策略。研究表明,沪市A股市场上存在显著的反向效应,而惯性效应基本不存在。此外,流通市值大的赢家—流通市值小的输家的策略最为明显,且更为一种显著的获利模式。这对于中国的股票投资者,尤其是机构投资者提供了一种可行的投资策略。 Combine the A-shares of China’s Shanghai stock market with the market capitalization to study the inertia and reverse strategy of the stock market. The research shows that there is a significant reverse effect on the Shanghai A-share market, while the inertial effect basically does not exist. In addition, the winner of a large market capitalization-the loser with a small market capitalization-has the most obvious strategy and is more of a significant profit-making model. This provides a viable investment strategy for China’s stock investors, especially institutional investors.