[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2020062218454179042":3,"related-JP2020062218454179042":33},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":11,"postTime":17,"viewTime":17,"sortNumber":18,"isFree":19,"isShowList":7,"isRecommend":19,"linkType":7,"isOriginal":6,"hasMiniUrl":19,"hasAdvertising":19,"createBy":20,"updateBy":21,"createTime":22,"visitCount":23,"isLiked":19,"realSearch":24,"isRead":19,"productId":25,"isCollected":19,"collectCount":26,"vipExclusive":19,"allowComment":7,"style":27,"canCopy":19,"likeCount":19,"duration":19,"playStyle":7,"seoKeywords":28,"articleModuleVoList":29,"extendContentList":30,"noteCount":19,"categoryList":31,"dailyKeywordList":32},10,2447,"1",1,"JP2020062218454179042","1041018",3,"","买了指数基金后，什么时候卖才能赚到钱？","https:\u002F\u002Fimage.jane7.com\u002Fae1bb73c-14d3-4800-bd40-197f8948c7be.png","https:\u002F\u002Fimage.jane7.com\u002Fc02ec54b-f3ec-4ae4-a6d6-0d5b3c240030.png","经常有朋友，说不知道基金什么时候该买，什么时候该卖；其实这些问题，用估值投资法，都能很好的解决。一起来学习下吧~","\u003Csection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">经常有\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">朋友\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">给我们留言\u003C\u002Fspan> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，说\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">不\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">知道基金什么时候该买，什么时候该卖\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">；\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">跌了是不是就可以买呢？\u003C\u002Fspan> \u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp>\u003Cbr>\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">其实这些问题，用\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">估值投资法\u003C\u002Fstrong>\u003C\u002Fspan> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">，都能很好的解决。根据指数的估值，看它是否高估或者低估，就可以完成我们聪明投资的决策。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">那怎么看这个估值呢？今天我就来给大家讲解一个实用的小工具——\u003C\u002Fspan> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">理杏仁网站\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cbr> \n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">接下来，我就以沪深300指数为例，来看看如何查询一只指数的估值。如果你在电脑边，也推荐你和我一起动动手，实践起来。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">有一点要提示的是，文章中提到的指数仅为示例，不作为任何投资建议。\u003C\u002Fspan>\u003C\u002Fstrong> \u003C\u002Fspan>\u003C\u002Fp>\n  \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Ch2 style=\"margin: 0px; padding: 0px; font-weight: 400; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第一步：打开理杏仁这个网站，检索你要查询的指数\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\u003C\u002Fh2>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">直接进入搜索框，搜索沪深300指数，在这里我们选择第一个，进入指数的详情页面。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">       \u003C\u002Fspan>\u003Cimg class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002F5be3fb8a-c827-4673-9a45-9b74ff2e3200.jpg\"> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">      \u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第二步：我们来确定要查询的估值指标\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan> \u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">进入详情页面后，首先你会看到一些数据。不过我们今天主要看的是下半部分。你会发现这里有一些选项。先来确定一下这些选项。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\"> \u003C\u002Fspan> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">    \u003C\u002Fspan>\u003C\u002Fspan>\u003Cimg height=\"auto\" width=\"1277\" class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002F11057f06-36b7-47a6-9c54-a3f525cd7339.jpg\"> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">       \u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Ch3 style=\"margin: 0px; padding: 0px; font-weight: 400; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第一个，就是\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">滚动市盈率\u003C\u002Fstrong>\u003C\u002Fspan> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">的指标：英文字母是PE-TTM。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\u003C\u002Fh3>\n \u003Cp>\u003Cbr>\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">       \u003C\u002Fspan>\u003Cimg class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa09e4d95-b778-4c9f-8d4f-ac803d0db4bd.jpg\"> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">我们在查看估值时，比较常用的方法就是市盈率估值法。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">市盈率的英文缩写是PE，计算公式是市值\u002F净利润，你可以简单理解为「投资回本期限」的概念。\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">一般来说，市盈率越小，指数越便宜。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">这里的PE-TTM，代表滚动市盈率的意思，它会运用最新的净利润指标，使得市盈率的值更有时效性。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Ch3 style=\"margin: 0px; padding: 0px; font-weight: 400; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第二个，就是\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">等权\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">的指标\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\u003C\u002Fh3>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">其次，我们再看它右边的选择框：这部分是针对滚动市盈率TTM，网站给提供的不同算法。建议你选择第二个“等权”这个选项。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">       \u003C\u002Fspan>\u003Cimg height=\"auto\" width=\"362\" class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002F67e41c45-7537-4980-8994-3266796991fc.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">为什么要使用等权，他具体有什么作用呢？\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">我们知道指数往往包含着数十甚至上百只股票，它们的规模也有大有小。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">如果按市值加权，意味着，我们计算平均值的时候，要给大市值的股票更多的分配比例，这样滚动市盈率，会过度受到大市值股票的影响，并不能很好的反应市场整体的估值水平。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">而等权值，意味着无论市值大小，给每个股票同样的权重比例，计算出的市盈率会更加均衡，更能反映指数的整体市场热度。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第三步：选定估值查看年份\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan> \u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">这一步也很重要。如果回顾的时间比较短，会因为数据量太少，导致估值会出现偏差。而如果回顾的时间太长，会因为市场环境的变化，导致估值的平均水平的变化，数据也就不准确了。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">所以通常来说，\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">我们选择十年\u003C\u002Fstrong>，一般来说10年都会包含一个完整的牛熊周期。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">       \u003C\u002Fspan>\u003Cimg height=\"auto\" width=\"164\" class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002Ff7d8d101-4e75-41ee-b09b-8cd82714cf40.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Ch2 style=\"margin: 0px; padding: 0px; font-weight: 400; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">第四步：查看分位点\u003C\u002Fspan>\u003C\u002Fstrong>  \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cbr>  \n  \u003C\u002Fsection>\u003C\u002Fh2>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">什么是分位点呢？现在这张图里，就是把过去10年的滚动市盈率的值从小到大依次排列，看目前的值能排在百分之多少，\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">数字越小，说明越低估。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">好了，接下来就可以看这张指数估值的走势图了。\u003C\u002Fspan> \u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">你会发现图里有好多线，先别慌，我们一个一个来看。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">    \u003C\u002Fspan>\u003Cimg height=\"auto\" width=\"598\" src=\"https:\u002F\u002Fimage.jane7.com\u002F5bdcef4b-3c41-4a3e-9a06-49b50eb64fd0.jpg\" class=\"\"> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">  \u003C\u002Fspan>\u003Cimg height=\"auto\" width=\"1346\" class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002F8755a7e4-7eab-4479-a7cc-767f6d0d1e8a.jpg\"> \u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"color: rgb(136, 136, 136); caret-color: red; font-size: 14px; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">沪深300指数PE-TTM近10年走势图 \u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">先做一下减法，有一条线是我们不需要关注的。是这根橙色的线。这是沪深300指数的收盘线。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">再来看你最需要关注的线，\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">就是这根蓝线，它代表市盈率的变化情况。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">剩下的三条线，分别是高估线红色、低估线绿色以及合理的估值线灰色。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">红色线，这是80%分位的高估线\u003C\u002Fspan>\u003C\u002Fstrong> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">；我们观察沪深300指数的高估线。如果蓝色线到红色线的上方了，那么就代表沪深300指数高估了。在这个时候通常可以考虑及时卖出，落袋为安。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">深灰色线，这是50%分位的中位估值线\u003C\u002Fspan>\u003C\u002Fstrong> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">；在深灰色的那条线之下，说明指数已经进入到了估值合理并且偏低的位置。可以继续观望。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">而最后的绿色线，是20%分位低估线\u003C\u002Fspan>\u003C\u002Fstrong> \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">。如果蓝色线在绿色线下方，说明市场出现了极端低估的情况。可以适当买入。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">具体的值，除了看图，可以看左边的数值区。原理也会相同的，百分位点位低于20%，说明是低估，高于80%是高估。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp>\u003Cbr>\u003C\u002Fp>\n \u003Ch2 style=\"margin: 0px; padding: 0px; font-weight: 400; font-size: 16px; max-width: 100%; color: rgb(51, 51, 51); letter-spacing: 0.544px; text-align: justify; white-space: normal; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">最后，还有一个重要的提醒，\u003Cstrong style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">市盈率估值不是万能的。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\u003C\u002Fh2>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">根据公式市盈率=市值\u002F净利润，如果净利润出现负数，那么市盈率估值就不能用了。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp>\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:center; margin: 0px 16px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-size: 17px; letter-spacing: 0.544px; white-space: normal; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">    \u003C\u002Fspan>\u003Cimg height=\"196px\" width=\"469px\" class=\"\" src=\"https:\u002F\u002Fimage.jane7.com\u002F64c0fc17-0266-4e1d-9908-8241920e58a3.jpg\">\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"text-align:center; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 12px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">创业板指数等权PE因企业单季度业绩下滑，\u003C\u002Fspan>\u003Cspan style=\"color: rgb(136, 136, 136); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif; font-size: 12px;\">导致估值数据突变 \u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">这种业绩下滑导致的PE高估的情况，不能反映指数的真实估值水平。因此，遇到异常情况，可以使用等权PB或者PE中位数来作为暂时的替代估值指标。\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cbr>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Cp style=\"text-align:justify; margin-left: 16px; margin-right: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">好啦，今天的内容就到这里，希望对你有帮助~\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n\u003C\u002Fsection>","2020-06-22 18:45:39",100,0,"张利子","zhanglizi@jane7.com","2020-06-22 18:45:41",366,false,7099,5,"1038002","指数基金",[],[],[],[],[34,46,57,66],{"pageSize":4,"articleWikiId":35,"wikiName":36,"articleCode":37,"locationType":38,"sortNumber":39,"articleTitle":40,"introduction":41,"coverImage":42,"likeCount":26,"realSearch":24,"createTime":43,"seoUrl":44,"seoKeywords":45},93,"基金定投","JP2021091913152294284",2,20210919,"一张图搞懂，基金怎么卖｜干货收藏","今天，就来给你分享3个思考步骤，帮你清清爽爽搞定「卖出」这点事~","https:\u002F\u002Fimage.jane7.com\u002F263da398-8f45-4ca3-9ab9-1e9de7efcf80.png","2021-09-19 13:15:22","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2021091913152294284-93.html","基金",{"pageSize":4,"articleWikiId":47,"wikiName":48,"articleCode":49,"locationType":38,"sortNumber":50,"articleTitle":51,"introduction":52,"coverImage":53,"likeCount":19,"realSearch":24,"createTime":54,"seoUrl":55,"seoKeywords":56},97,"理财产品","JP2020060814194083333",20200608,"腾讯阿里的股价长期走势都很好，普通人如何投资？","中概股纷纷回家，普通人如何参与？","https:\u002F\u002Fimage.jane7.com\u002F44bf33fd-d22f-4071-a933-480454cfdf92.png","2020-06-08 14:19:40","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020060814194083333-97.html","中概股,基金,京东,网易",{"pageSize":4,"articleWikiId":35,"wikiName":36,"articleCode":58,"locationType":38,"sortNumber":59,"articleTitle":60,"introduction":61,"coverImage":62,"likeCount":19,"realSearch":24,"createTime":63,"seoUrl":64,"seoKeywords":65},"JP2020123013435744975",20201230,"这类基金品种，明年更火","越来越多人拿着各类基金来打理财富，涌向权益类的尤其多。而其中，就有一个不算新，但今年格外火的品种——ETF。","https:\u002F\u002Fimage.jane7.com\u002Fbf600fc9-8aab-4fa6-b680-980209ec95ff.png","2020-12-30 13:43:57","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020123013435744975-93.html","基金,指数基金",{"pageSize":4,"articleWikiId":35,"wikiName":36,"articleCode":67,"locationType":38,"sortNumber":68,"articleTitle":69,"introduction":70,"coverImage":71,"likeCount":7,"realSearch":24,"createTime":72,"seoUrl":73,"seoKeywords":74},"JP2020051819422668081",20200518,"消费行业的指数基金那么多，选哪一支比较好？","在挑选消费基金的时候，我们不妨用龙头策略来做考虑。","https:\u002F\u002Fimage.jane7.com\u002F7cd8f7bf-4523-4002-9101-e7710aaa0304.png","2020-05-18 19:42:26","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020051819422668081-93.html","指数基金,基金"]