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"2025-11-11", "end": "2025-11-11", "recovered": true, "fall_days": 3, "duration_days": 7, "rebound_days": 4 }, { "peak": "2025-11-12", "trough": "2025-11-13", "depth": 0.002458335139401413, "recovery": "2025-11-14", "end": "2025-11-14", "recovered": true, "fall_days": 1, "duration_days": 2, "rebound_days": 1 }, { "peak": "2025-11-14", "trough": "2025-11-18", "depth": 0.01692233046379721, "recovery": "2025-11-20", "end": "2025-11-20", "recovered": true, "fall_days": 4, "duration_days": 6, "rebound_days": 2 }, { "peak": "2025-11-20", "trough": "2026-02-27", "depth": 0.164737663437315, "recovery": "2026-09-01", "end": "2026-09-01", "recovered": true, "fall_days": 99, "duration_days": 285, "rebound_days": 186 }, { "peak": "2026-09-02", "trough": "2026-09-08", "depth": 0.040328589220918754, "recovery": "2026-10-08", "end": "2026-10-08", "recovered": true, "fall_days": 6, "duration_days": 36, "rebound_days": 30 }, { "peak": "2026-10-08", "trough": "2026-10-09", "depth": 0.009412170625967331, "recovery": "2026-10-12", "end": "2026-10-12", "recovered": true, "fall_days": 1, "duration_days": 4, "rebound_days": 3 }, { "peak": "2026-10-13", "trough": "2026-10-14", "depth": 0.004369323766814648, "recovery": "2026-10-15", "end": "2026-10-15", "recovered": true, "fall_days": 1, "duration_days": 2, "rebound_days": 1 }, { "peak": "2026-10-15", "trough": "2026-10-16", "depth": 0.005910204614092529, "recovery": "2026-10-19", "end": "2026-10-19", "recovered": true, "fall_days": 1, "duration_days": 4, "rebound_days": 3 }, { "peak": "2026-10-19", "trough": "2026-10-21", "depth": 0.00827663483941743, "recovery": null, "end": "2026-10-21", "recovered": false, "fall_days": 2, "duration_days": 2, "rebound_days": 0 } ] } }, "method": { "dividends": "逐笔税前现金股息假设按除息日收盘价复投；未模拟现金到账等待期；可持有零股。", "cost": "初次买入0.1%；季度调仓按双向成交额各0.1%佣金及滑点，另计卖出印花税；2023-08-28前0.1%，之后0.05%。分红复投未单独扣佣金。", "tax": "主结果为股息税前，不能视为个人税后收益。10%/20%股息扣减仅为敏感性假设，未模拟逐笔持仓期限和卖出补税。", "rebalance": "每季度首个四行共同交易日收盘后恢复各25%；其余日期随价格漂移；不做择时。", "risk": "固定四只银行股，行业集中；非四种独立资产，也不能替代债券。", "precision": "忽略100股交易单位、最低佣金和分红复投费用；适用于足够大资金的比例模型。" } }