> 数据图表咨询下各位国庆前后日历效应几何？持股过节或更合算2026-9-6国庆前后日历效应几何？持股过节或更合算5）国庆前后杠杆资金怎么动？国庆前先流出，国庆后再回流。国庆后流出都是弱势行情背景（2011年/2018年）。图表：国庆前后杠杆资金怎么动？国庆前先流出，国庆后再回流融资余额变化 2011Y 2012Y 2013Y 2014Y 2015Y 2016Y 2017Y 2018Y 2019Y2020Y2021Y2022Y2023Y2024Y2025Y 胜率赔率9月之前时间 -1.8% 3.5% 13.8% 15.8% -10.7% -3.4% 2.4% -4.1% 2.6%-2.8%-1.3%-4.2%2.5%3.6%4.3%国庆之前5天 -3.2% -4.6% 1.1%1.7% -3.5% -2.2% -2.2% -1.9% -2.4% -2.2%-3.2%-2.3%-0.7%5.1%-0.1%21% -1.6%国庆之前2天 -2.6% -4.1% -1.3% -2.4% -2.3% -1.8% -1.8% -1.3% -1.6% -1.5%-1.8%-1.4%-1.0%4.7%-1.5%7%-1.7%国庆之后5天 -0.2% 4.6%7.2%8.5%5.6%2.4% 2.5% -2.7% 1.4%2.8%0.5%0.0%1.7%10.3%2.3%93%3.0%国庆之后10天 -1.0% 5.4%9.5% 11.4% 9.0%3.4% 1.7% -6.2% 1.1%2.9%1.2%0.2%1.8%13.6%2.4%93%3.8%数据来源：Wind，财通证券研究所；9月之前表现的时间范围为9月1日到国庆前5天；赔率剔除极值计算10财通证券综合其他
