Axis method receipts坐标轴方法凭据
A composite may only be shown when its full composition law is disclosed.只有在完整披露构成法则的前提下，复合指标才可展示。
- Direction方向
- Higher = tighter funding数值越高＝融资越紧
- Weights law权重法则
- Weighted average of the parts that are present: Chicago Fed conditions 30%, OFR stress 30%, high-yield spreads 20%, rates-scare 20%. Missing parts are dropped and the rest are re-weighted.按到位分项的加权平均：芝加哥联储金融状况 30%、OFR 压力 30%、高收益利差 20%、利率恐慌 20%。缺项剔除后对其余分项重新加权。
- Transformation变换
- Percentiles are scaled to 0–100. A z-score is mapped so a 2.5-standard-deviation move fills half the scale. The rates-scare score is already 0–100 and is used as-is. Only prior published readings are used.分位映射到 0–100。z 值按 2.5 个标准差对应半幅刻度。利率恐慌评分已是 0–100，直接采用。只使用已发布的先验读数。
- Frequency alignment频率对齐
- Mixed clocks: Chicago Fed and OFR roughly weekly, high-yield spreads and rates-scare daily. Each part keeps its own source clock.时钟不一：芝加哥联储与 OFR 大约每周，高收益利差与利率恐慌为日度。各分项保留自己的来源时钟。
- Revision behaviour修订行为
- Recomputed each time the source publishes, using only readings that were already known then. A method change is reported as a break in comparability, never as a numeric move.每次数据源发布时用当时已知的读数重算。方法变更会标明为不可比，而不会写成数字位移。
- Components present已具备分项
- 4 / minimum最少 2
- Coverage floor覆盖下限
- At least 50% of the parts must be present至少 50% 的分项必须到位
- Definition version定义版本
- Definition v1, published 20 Oct 2026定义第1版，发布于2026年10月20日
- Authority ceiling权限上限
- Descriptive reading — this page cannot rank, size or trigger a trade描述性读数 — 本页不能排名、定仓或触发交易
| Component分项 |
Raw原始值 |
Standardized标准化值 |
Weight权重 |
Contribution贡献 |
| Chicago Fed financial-conditions percentile芝加哥联储金融条件分位Financial-conditions desk金融条件小组 |
0.280.28 |
28.10 |
0.30 |
−6.57 |
| OFR FSI percentileOFR 金融压力分位Systemic-stress desk系统性压力小组 |
0.350.35 |
35.16 |
0.30 |
−4.45 |
| HY OAS z-score高收益利差 z 值Liquidity-quality desk流动性质量小组 |
2.682.68 |
100.00 |
0.20 |
+10.00 |
| Rates scare score利率恐慌评分Regime-vector desk体制向量小组 |
68.8068.80 |
68.80 |
0.20 |
+3.76 |