【中文版】

换手率高是什么意思？

在股票交易中，换手率是一个重要的指标，它指的是一定时期内股票的成交量与流通股本之间的比率。换手率高意味着什么呢？

首先，换手率高说明股票的交易比较活跃，市场上的投资者对这只股票的关注度较高。当一只股票的换手率较高时，说明有很多人在买卖这只股票，这通常意味着市场对这只股票的未来表现有较高的预期或者市场热钱正在流入。

其次，换手率高也意味着股票的价格波动可能会比较大。因为当大量投资者买卖同一只股票时，很容易形成市场情绪的波动，从而影响股票的价格。如果换手率持续处于高位，那么投资者需要注意市场风险。

此外，换手率高还可能与主力资金的操作有关。主力资金通常会通过控制流通股本的交易来影响股价，从而实现其投资目标。当主力资金大量买入或卖出股票时，可能会导致换手率的波动。

总的来说，换手率高意味着股票的交易活跃、价格波动可能较大以及可能与主力资金的操作有关。投资者在交易过程中需要密切关注换手率的变化，以便更好地把握投资机会和控制风险。

【英文版】

What does high turnover rate mean?

In stock trading, the turnover rate is an important indicator, which refers to the ratio of the stock's trading volume to the circulating share capital within a certain period of time. What does a high turnover rate mean?

Firstly, a high turnover rate indicates that the stock trading is relatively active and the market investors have a high degree of attention on this stock. When the turnover rate of a stock is high, it means that many people are buying and selling this stock, usually indicating that the market has high expectations for the future performance of this stock or market hot money is flowing in.

Secondly, a high turnover rate also means that the price of the stock may fluctuate significantly. This is because when a large number of investors buy and sell the same stock, it is easy to form fluctuations in market sentiment, which in turn affects the price of the stock. If the turnover rate remains high continuously, investors need to pay attention to market risks.

In addition, a high turnover rate may also be related to the operation of major funds. Major funds usually control the trading of circulating share capital to affect the stock price in order to achieve their investment goals. When major funds buy or sell stocks in large quantities, it may cause fluctuations in the turnover rate.

In general, a high turnover rate means active stock trading, possible significant price fluctuations, and possible major fund operations. Investors need to pay close attention to changes in the turnover rate in order to better grasp investment opportunities and control risks.