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      "availableIndices": 6,
      "missing": [
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        "股票成交额",
        "行业结构",
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    "snapshotDigest": "f84b512a70d27d619264d8db1afc41b4676c129f42ec710e435b88b679ff06aa"
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  "headline": "多数指数下跌，中证1000弱于沪深300",
  "summary": "当日可确认的是指数表现与风格差异。下一交易日核对分化、指数方向和条件性修复，暂不作新闻归因。",
  "marketState": "declining",
  "metrics": {
    "smallLargeSpreadPp": -0.534979,
    "previousSpreadPp": 0.42733,
    "downCount": 6,
    "upCount": 0,
    "belowMa20Count": 5
  },
  "reasons": [
    {
      "title": "中证1000弱于沪深300",
      "text": "中证1000当日-2.26%，沪深300-1.73%，收益差-0.53个百分点；前一交易日差值+0.43个百分点。",
      "evidenceIds": [
        "sh000852",
        "sh000300"
      ],
      "limitation": "两个指数反映不同成分结构；差值本身不能证明资金净流向，也不能代替中证2000。"
    },
    {
      "title": "6个下跌、0个上涨，覆盖六个指数",
      "text": "本期6/6个指数收跌，前一交易日为6/6个；指数成分存在重叠，不把这个比例称为全市场广度。",
      "evidenceIds": [
        "sh000001",
        "sh000300",
        "sh000905",
        "sh000852",
        "sz399006",
        "sh000688"
      ],
      "limitation": "缺少个股涨跌分布与成交额，不能据此判断普遍错杀、恐慌或资金撤离。"
    },
    {
      "title": "5/6个指数低于20日均线",
      "text": "沪深300近5日-0.47%、近20日-4.13%，收盘相对20日均线-2.09%。",
      "evidenceIds": [
        "sh000300"
      ],
      "limitation": "均线描述价格位置，不代表确定支撑、反转时点或上涨概率。"
    }
  ],
  "hypotheses": [
    {
      "hypothesisId": "a-share-2026-09-24-style-persistence",
      "kind": "style_persistence",
      "title": "大小盘分化是否延续",
      "mode": "prospective",
      "registeredAt": "2026-09-24T16:43:05.000712+08:00",
      "targetSession": "2026-09-28",
      "windowStartAt": "2026-09-28T09:30:00+08:00",
      "windowEndAt": "2026-09-28T15:00:00+08:00",
      "condition": {
        "kind": "always"
      },
      "criterion": {
        "direction": -1,
        "thresholdPp": 0.1
      },
      "methodVersion": "a-share-index-review-1.0",
      "explanation": "下一交易日中证1000减沪深300的日收益差，同方向且达到0.10个百分点为延续；反方向达到阈值为反转，其余为接近。",
      "status": "pending",
      "forecastProbability": null
    },
    {
      "hypothesisId": "a-share-2026-09-24-majority-persistence",
      "kind": "majority_persistence",
      "title": "多数指数的方向是否延续",
      "mode": "prospective",
      "registeredAt": "2026-09-24T16:43:05.000712+08:00",
      "targetSession": "2026-09-28",
      "windowStartAt": "2026-09-28T09:30:00+08:00",
      "windowEndAt": "2026-09-28T15:00:00+08:00",
      "condition": {
        "kind": "always"
      },
      "criterion": {
        "direction": -1,
        "minimumCount": 4
      },
      "methodVersion": "a-share-index-review-1.0",
      "explanation": "六个观察指数中，至少四个延续本期涨跌方向为支持，至少四个反方向为反驳，其余为分化；不代表全市场股票广度。",
      "status": "pending",
      "forecastProbability": null
    },
    {
      "hypothesisId": "a-share-2026-09-24-low-open-recovery",
      "kind": "low_open_recovery",
      "title": "沪深300低开后能否收高于开盘",
      "mode": "prospective",
      "registeredAt": "2026-09-24T16:43:05.000712+08:00",
      "targetSession": "2026-09-28",
      "windowStartAt": "2026-09-28T09:30:00+08:00",
      "windowEndAt": "2026-09-28T15:00:00+08:00",
      "condition": {
        "kind": "open_below_previous_close"
      },
      "criterion": {
        "indexId": "sh000300",
        "operator": "close_gt_open"
      },
      "methodVersion": "a-share-index-review-1.0",
      "explanation": "仅当下一交易日沪深300开盘低于本期收盘时检查；收盘高于开盘为支持，低于为反驳，相等为持平。未低开则条件未触发。",
      "status": "pending",
      "forecastProbability": null
    }
  ],
  "causalValidation": "not_established",
  "modelTokenUsage": 0,
  "interpretationMode": "deterministic_index_comparison",
  "coverage": {
    "scope": "six_index_pilot",
    "availableIndices": 6,
    "missing": [
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      "股票成交额",
      "行业结构",
      "新闻归因"
    ]
  },
  "resultStatus": {
    "schemaVersion": 1,
    "resultId": "a-share-review",
    "label": "A股指数复盘试点",
    "transportStatus": "success",
    "dataStatus": "partial",
    "analysisStatus": "ready",
    "actionStatus": "limited",
    "severity": "warning",
    "dataAsOf": "2026-09-24",
    "generatedAt": "2026-09-24T16:43:05.000712+08:00",
    "reasonCodes": [
      "six_index_scope"
    ],
    "reason": "指数事实可用；全市场广度、成交额、行业结构与新闻归因未接入。",
    "dependencies": []
  },
  "reportDigest": "240b041e594cd8a40ae300641abc49575284552dfbe1bf47cbbfc13636709ea7"
}