换手和量比是什么意思？

中文版

换手是指股票市场中，某只股票在某一时间段内成交的数量与该股票总股本的比率。换手率越高，意味着该股票的交易活跃度越高，买卖双方的意愿较为强烈。换手率的变化能够反映出市场对该股票的关注和追捧程度。

量比则是指某一时间段内的成交量与过去某个标准时间段的成交量的比值。通常，这个标准时间段选取的是过去五天的平均成交量。量比大于1，表示当前成交量超过了过去五天的平均水平，市场活跃度较高；量比小于1，则表示当前成交量低于过去五天的平均水平，市场活跃度相对较低。

换手和量比都是衡量股票交易活跃度的重要指标。换手率更侧重于反映股票本身的交易活跃程度，而量比则更侧重于从时间维度上衡量市场的活跃度。投资者可以通过观察这两个指标，来判断市场的走势和股票的买卖时机。

英文版

What Do "Turnover Rate" and "Volume Ratio" Mean?

In the stock market, turnover rate refers to the ratio of the trading volume of a particular stock during a certain period to its total share capital. A higher turnover rate indicates higher trading activity for that stock, indicating strong buying and selling intentions among investors. Changes in the turnover rate can reflect market interest and popularity towards the stock.

The volume ratio, on the other hand, is the ratio of the current trading volume to the average trading volume over a certain standard period, usually the past five days. A volume ratio greater than 1 suggests that the current trading volume exceeds the average level of the past five days, indicating higher market activity. A volume ratio less than 1, however, indicates that the current trading volume is below the average level of the past five days, indicating relatively lower market activity.

Both the turnover rate and volume ratio are crucial indicators for measuring stock trading activity. The turnover rate focuses more on reflecting the trading activity of the stock itself, while the volume ratio emphasizes the measurement of market activity from a temporal perspective. Investors can observe these two indicators to assess market trends and identify opportunities for buying and selling stocks.