基于投资者情绪指数的量化交易择时策略
Quantitative Trading Timing Strategy Based on Investor Sentiment Index

本研究充分借鉴了A. D. Persaud的风险偏好指数，同时根据中国股市的独特特点进行了巧妙的改进，最终成功在A股市场构建了一项创新性的投资者情绪指数，即ISI。在这一指数的基础上，精心设计并实施了一种量化交易择时策略，在特定条件下，该策略显著地展现出卓越的效果。研究的重要意义在于为投资者提供了崭新的视角。
The article extensively draws on A.D. Persaud’s risk appetite index, while making insightful modifications based on the unique characteristics of the Chinese stock market, ultimately leading to the successful development of an innovative investor sentiment index, the ISI, specifically for the A-share market. On the basis of this index, a quantitative trading timing strategy has been carefully designed and implemented, which significantly demonstrates excellent results under specific conditions. The significance of research lies in providing investors with a new perspective.