央国企引领专题：国企Beta+Alpha共振，基本面选股收益稳健
⚫ 𝑀𝑒𝑑𝑀𝑥𝑀𝑒𝑑𝑀𝑒𝑑𝑀𝑥𝑀𝑒𝑑 𝑦𝑖=𝛼+𝛽1ln(𝑚𝑣𝑖)+𝛽2𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝑖+𝜀𝑖 𝑦𝑖𝑖𝛼𝑚𝑣𝑖𝑖𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝑖𝑖𝜀𝑖𝜀𝑖 𝑥−𝑥̅𝜎𝑥𝑥𝜎𝑥 𝑖 𝑤𝑖𝑖𝑠𝑐𝑜𝑟𝑒𝑖𝑖 80%≤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛𝑇𝑤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛 0<𝑤<10.8≤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛𝑇𝑤 𝛼𝑤𝑋𝑠𝑋h𝑠𝑢𝑠𝑙h𝑢h𝑙𝑤𝑢𝑤𝑙𝑠𝑢h𝑢𝑠𝑙h𝑙𝑤𝑢𝑤𝑙
⚫ 𝑀𝑒𝑑𝑀𝑥𝑀𝑒𝑑𝑀𝑒𝑑𝑀𝑥𝑀𝑒𝑑 𝑦𝑖=𝛼+𝛽1ln(𝑚𝑣𝑖)+𝛽2𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝑖+𝜀𝑖 𝑦𝑖𝑖𝛼𝑚𝑣𝑖𝑖𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝑖𝑖𝜀𝑖𝜀𝑖 𝑥−𝑥̅𝜎𝑥𝑥𝜎𝑥 𝑖 𝑤𝑖𝑖𝑠𝑐𝑜𝑟𝑒𝑖𝑖 80%≤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛𝑇𝑤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛 0<𝑤<10.8≤𝑠𝑡𝑎𝑡𝑒_𝑜𝑤𝑛𝑇𝑤 𝛼𝑤𝑋𝑠𝑋h𝑠𝑢𝑠𝑙h𝑢h𝑙𝑤𝑢𝑤𝑙𝑠𝑢h𝑢𝑠𝑙h𝑙𝑤𝑢𝑤𝑙
