wehub-resource-sync
142 lines
4.8 KiB
HTML
142 lines
4.8 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>03-2 风险调整指标 — LRS TQQQ 策略研究</title>
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<link href="https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@400;500;600;700;900&family=Inter:wght@400;500;600;700;900&display=swap" rel="stylesheet">
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<link rel="stylesheet" href="style.css">
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<style>
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.ch32-top {
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display: grid;
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grid-template-columns: 1fr 1fr;
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gap: 1.2%;
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flex-shrink: 0;
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}
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.ch32-bot {
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display: grid;
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grid-template-columns: 1fr 22rem;
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gap: 1.2%;
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flex: 1;
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min-height: 0;
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}
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.chart-img-wrap {
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border-radius: 10px;
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overflow: hidden;
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background: #0f172a;
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}
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.chart-img-wrap img { width: 100%; display: block; }
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</style>
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</head>
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<body>
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<nav class="top-nav">
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<a href="index.html" class="nav-brand">← 目录</a>
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<div class="nav-divider"></div>
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<span class="nav-chapter">Chapter 03 · 历史回测 · 3.2 风险调整指标</span>
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<span class="nav-counter">3.2 / 3.3</span>
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<a href="03.html" class="nav-btn">← 3.1 概览</a>
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<a href="03c.html" class="nav-btn">3.3 结构分析 →</a>
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</nav>
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<main>
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<div class="page-header">
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<span class="page-num">03 · 3.2</span>
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<h1 class="page-title">风险调整指标</h1>
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<span class="page-sub">Sharpe · Max DD · 5Y Equity · LRS / QQQ / TQQQ B&H</span>
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</div>
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<div style="display:flex;flex-direction:column;gap:1.2%;flex:1;min-height:0;">
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<div class="ch32-top">
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<div class="panel" style="min-height:0;">
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<div class="strip strip-indigo"></div>
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<div class="panel-header has-sub">
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<div class="ph-title-row">
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<span class="ph-num">C</span>
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<h3>Sharpe 对比</h3>
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</div>
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<div class="ph-sub">(年化 CAGR − 4%) / 年化波动；虚线 Sharpe = 1</div>
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</div>
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<div class="panel-body" style="padding:0.65rem 0.85rem;">
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<div class="chart-img-wrap">
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<img src="charts/chart_c_sharpe.png" alt="Chart C Sharpe" loading="lazy">
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</div>
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</div>
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</div>
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<div class="panel" style="min-height:0;">
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<div class="strip strip-violet"></div>
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<div class="panel-header has-sub">
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<div class="ph-title-row">
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<span class="ph-num">D</span>
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<h3>最大回撤</h3>
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</div>
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<div class="ph-sub">三策略：LRS / QQQ 买入持有 / TQQQ 买入持有</div>
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</div>
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<div class="panel-body" style="padding:0.65rem 0.85rem;">
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<div class="chart-img-wrap">
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<img src="charts/chart_d_drawdown.png" alt="Chart D 回撤" loading="lazy">
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</div>
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</div>
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</div>
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</div>
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<div class="ch32-bot">
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<div class="panel" style="min-height:0;display:flex;flex-direction:column;">
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<div class="strip strip-green"></div>
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<div class="panel-header has-sub">
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<div class="ph-title-row">
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<span class="ph-num">E</span>
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<h3>近 5 年权益曲线</h3>
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</div>
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<div class="ph-sub">红底：2022 熊市示意区间；三角：入场 / 出场</div>
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</div>
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<div class="panel-body" style="padding:0.65rem 0.85rem;flex:1;">
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<div class="chart-img-wrap">
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<img src="charts/chart_e_equity.png" alt="Chart E 权益曲线" loading="lazy">
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</div>
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</div>
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</div>
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<div style="display:flex;flex-direction:column;gap:1.2%;min-height:0;">
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<div class="panel" style="flex:1;">
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<div class="strip strip-amber"></div>
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<div class="panel-header">
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<div class="ph-title-row">
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<span class="ph-num">读图</span>
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<h3>Sharpe 与回撤</h3>
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</div>
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</div>
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<div class="panel-body">
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<ul class="bl">
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<li>Sharpe 用同一无风险利率假设（4%）便于跨策略比较</li>
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<li>TQQQ 买入持有波动极高，Sharpe 常低于 QQQ</li>
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<li class="hi">LRS 通过空仓降低路径依赖，回撤形态与纯多头不同</li>
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</ul>
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</div>
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</div>
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<div class="panel" style="flex:1;">
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<div class="strip strip-indigo"></div>
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<div class="panel-header">
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<div class="ph-title-row">
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<span class="ph-num">读图</span>
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<h3>权益曲线 E</h3>
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</div>
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</div>
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<div class="panel-body">
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<ul class="bl">
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<li>三条曲线同一初始资金与同一时间轴</li>
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<li>绿色上三角为策略入场，下三角为平仓（颜色区分盈亏）</li>
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<li>与基准对比时关注<strong>相对路径</strong>而非单日噪声</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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</div>
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</main>
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</body>
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</html>
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