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Multi-agent equity research多智能体股票研究

Every ticker gets a research committee. 每只股票,都配一个投研委员会。

TradeAgents seats a team of AI analysts on one stock and one date, then makes them argue it out — bull against bear, then risk against risk — until a portfolio manager signs a decision you can read turn by turn. TradeAgents 让一组 AI 分析师围绕一只股票、一个日期开展研究,再让他们正面交锋——先是多空辩论,再是风险辩论——直到投资组合经理签发一份可以逐轮查看的决策。

3 free runs a day with Google sign-in · reports in English or 中文 · no card needed Google 登录后每天 3 次免费分析 · 报告可选中文或英文 · 无需绑卡

An example run: 6 analysts report, a bull and a bear debate, the research manager rules, the trader proposes a plan, the risk team reviews it and the portfolio manager signs the rating. A-share runs add three specialists. 一次分析示例:6 位分析师提交报告,多空研究员辩论,研究主管裁决,交易员提出方案,风险团队审议,最后由投资组合经理签发评级。A 股分析额外加入三位专项分析师。

Follow the filings把公开披露,连成资金地图

Who is buying. Who is cutting back.谁在买入,谁在减仓。

See fund managers, company insiders and House members around the same stock. Explore a slice of the Smart Money desk before opening the full picture.把基金经理、公司内部人与众议员,放到同一只股票周围。先看一角,发现线索,再展开完整的“聪明钱”图谱。

Explore Smart Money →探索聪明钱 →
Public disclosure network公开披露关系图
Reading the latest available filings…正在读取最近可用的披露数据…

A partial preview of delayed public filings. 13F amounts are estimated at quarter-end prices; House amounts use range midpoints. Dates and amounts across sources differ. Not real-time positioning or a copy-trading signal.预览仅展示部分延迟公开披露。13F金额按季末价格估算,众议员金额使用申报区间中点;各来源日期和金额口径不同,不是实时持仓或跟单信号。

How a run works运作方式

Every decision keeps its paper trail.每一个决策,都留有完整的推理记录。

01 Gather收集 6 analysts — 9 for A-shares — each write a report from data dated to the run: prices, filings, estimates, news and sentiment. 6 位分析师(A 股为 9 位)各自基于截至分析日期的数据撰写报告:价格、财报、盈利预期、新闻与情绪。
02 Debate辩论 A bull and a bear argue over those reports for 3 rounds. A research manager rules and writes the plan. 看涨与看跌研究员围绕这些报告辩论 3 轮,由研究主管裁决并撰写投资计划。
03 Plan计划 The trader turns the plan into a proposal: a direction, an entry and a stop stated as prices, and a size. 交易员把计划变成具体方案:方向、以价格表示的入场位与止损位,以及仓位。
04 Stress-test压力测试 Aggressive, conservative and neutral risk analysts attack the proposal from three sides for 3 rounds. 激进、保守、中立三位风险分析师从三个方向质询方案,共 3 轮。
05 Decide决策 The portfolio manager signs one rating — Buy, Overweight, Hold, Underweight or Sell — with the reasoning attached. 投资组合经理签发唯一评级——买入、增持、持有、减持或卖出——并附上理由。

The desk投研团队

Every seat has a name. Every turn is on the record.每个席位都有名字,每一轮发言都有记录。

A report is drawn as a conversation between these roles, in the order they spoke — so you can read the bear's best argument before you read the verdict. 报告按照这些角色的发言顺序以对话形式呈现——你可以在看结论之前,先读完看跌研究员最有力的论点。

Analyst team分析师团队

Market Analyst市场分析师 Sentiment Analyst情绪分析师 News Analyst新闻分析师 Earnings Analyst盈利预期修正分析师 Quality Analyst经营质量分析师 Valuation Analyst估值分析师 Policy Analyst政策分析师 A-sharesA 股 Hot Money Tracker游资追踪师 A-sharesA 股 Lock-up Monitor解禁监控师 A-sharesA 股

Research team研究团队

Bull Researcher看涨研究员 Bear Researcher看跌研究员 Research Manager研究主管

Trader交易员

Trader交易员

Risk team风险管理团队

Aggressive Analyst激进派 Conservative Analyst保守派 Neutral Analyst中立派

Portfolio manager投资组合经理

Portfolio Manager投资组合经理

What each seat reads and writes →每个席位读什么、写什么 →

Capabilities能力

Built for reading the argument, not just the answer.为阅读论证而设计,而不只是给出答案。

Dated to the run以分析日期为准 The data tools are asked for what was known on the run's date, so a report dated in the past is written from that day's information. 数据工具只被询问在分析日期当天已知的信息,因此日期在过去的报告,是基于当天的信息写成的。
Streams as it works边写边看 Each section lands on the page the moment its author finishes. A deep run takes ten minutes or more — you read while it works. 每个章节在作者写完的那一刻就出现在页面上。一次深度分析需要十分钟或更久——你可以边运行边阅读。
Your model, your depth自选模型与深度 6 model choices, and a thinking-depth control. Every report records exactly what ran. 共 6 种模型可选,并可调节思考深度。每份报告都如实记录实际运行的模型。
Share it anywhere随处分享 Email, text or a WeChat QR code. The link opens without an account and expires in 30 days. 邮件、短信或微信二维码均可。链接无需账号即可打开,30 天后过期。

Data guide数据导览

Know what to look at — and in what order.先看什么、后看什么,一页讲清楚。

The dashboards are different lenses on the same decision. Start broad, narrow to a stock, test its price, then read the argument and track what happened next. 这些看板是同一个投资决策的不同视角。先判断市场环境,再筛选个股、检验价格,最后阅读论证并追踪结果。

  1. 01Market climate市场环境
  2. 02Find candidates寻找候选
  3. 03Price and value价格与价值
  4. 04Decision and review决策与复盘
01Start here建议先看
Market climate市场环境 Is this a market that rewards taking risk? Read the market score beside index trend, breadth, VIX/VXN and US, China and Japan yield curves.现在是否适合承担风险?把市场评分与指数趋势、涨跌广度、VIX/VXN,以及美国、中国、日本收益率曲线放在一起看。
Risk appetite风险偏好Breadth & volatility广度与波动率Rates & liquidity利率与流动性
Open market dashboard →打开市场看板 →
02Discover发现机会
Strategy screener策略选股 Turn a market view into a shortlist. Compare the strategy score, DCA score, technical setup, valuation and risk deductions in one row.把市场判断变成候选名单。在同一行比较策略评分、DCA 评分、技术面、估值与风险扣分。
US, A-share & Hong Kong美股、A 股与港股High / medium / low scores高中低分颜色Direct stock links直达个股分析
Open strategy screener →打开策略选股 →
03Test the price检验价格
Valuation & DCA估值与定投 A good company can still be a bad buy at the wrong price. Use valuation bands, historical multiples, fair-value scenarios and a staged buying plan.好公司也可能买贵。用估值区间、历史倍数、合理价值情景与分批买入计划判断当前价格。
DCA score & bandDCA 分数与区间Fair-value scenarios合理价值情景Staged entry plan分批入场计划
Open DCA analysis →打开 DCA 分析 →
04Challenge the thesis检验逻辑
Agent decisions智能体决策 Read the bull, bear and risk cases before the final rating. The decision calendar then compares every call with its 1-week, 1-month and 3-month outcome.在最终评级前先读多头、空头与风险观点。决策日历还会把每次判断与之后 1 周、1 个月、3 个月的走势逐一对照。
Full debate record完整辩论记录Decision timeline决策时间线Outcome accuracy走势与准确率
Open Trading Agents →打开交易智能体 →
05Follow positioning观察仓位
Smart money聪明资金 See where large, informed or systematic investors are leaning — without treating any one flow as a buy signal.观察大型、知情或系统化资金正在偏向哪里,但不把任何一项资金流单独当成买入信号。
13F institutional holdings13F 机构持仓Insider activity内部人交易CTA positioningCTA 仓位追踪
Open smart money →打开聪明资金 →
06Check the calendar检查日历
Events & macro事件与宏观 Know what can change the story next: earnings dates and estimates, Fed probabilities, rates and the central-bank balance sheet.提前知道哪些事件可能改变逻辑:财报日期与预期、降息概率、利率以及央行资产负债表。
Earnings calendar财报日历FedWatch probabilitiesFedWatch 概率Liquidity backdrop流动性背景

The 60-second route60 秒阅读路线Check the market score first. If conditions are supportive, use the screener to find candidates, open DCA to test the price, then use the agents to challenge the thesis. Return to the calendar later to score the decision.先看市场评分;环境合适时,用策略选股找候选,再用 DCA 检验价格,最后让智能体挑战投资逻辑。之后回到决策日历,核对这次判断是否正确。

Live market snapshot实时市场快照

The numbers behind the map.数据地图背后的实时数字与走势。

Switch among four markets without leaving the homepage. Each view combines four decision metrics, index levels, mini trends and a 60-session comparison chart — all from the same cache as the full Markets dashboard.无需离开主页即可切换四个市场。每个市场都有 4 项判断指标、主要指数数字、迷你走势和一张 60 个交易日对比图,数据与完整 Markets 看板使用同一份缓存。

Loading the latest cached market data…正在读取最新市场缓存…

All dashboards全部看板

Markets, screening, capital, 13F, the Fed and valuation — what every tab is for.市场、选股、资金、13F、Fed、估值,每一种数据怎么用。

The 16 dashboards are not a pile of unrelated numbers. Use these eight lenses to read the environment, find candidates, follow institutions, understand liquidity, test the price and prepare for events.16 个看板不是一堆互不相关的数字。可以从下面八个视角进入:判断环境、寻找候选、观察资金与机构持仓、理解流动性、检验价格,以及准备重要事件。

01
Market & macro市场与宏观Decide how much risk the environment supports先判断当前环境支持承担多少风险
Markets市场 Use it for用途Compare the US, A-share, Hong Kong and international market environment before buying.比较美股、A 股、港股与国际市场的整体环境,先决定是否适合买入。 Inside页面包含Market score · indices · breadth · VIX/VXN · yield curves综合评分 · 指数走势 · 市场宽度 · VIX/VXN · 收益率曲线 Sectors板块 Use it for用途See which industries are leading, improving, weakening or lagging across each market.查看各市场哪些行业正在领先、改善、转弱或落后。 Inside页面包含GICS map · relative strength · 1W/1M/3M/YTD returnsGICS 轮动图 · 相对强弱 · 1周/1月/3月/YTD Commodities大宗商品 Use it for用途Track inflation-sensitive assets and the raw materials behind economic activity.观察通胀敏感资产,以及经济活动背后的原材料价格。 Inside页面包含Gold · silver · oil · natural gas · copper · seasonality黄金 · 白银 · 原油 · 天然气 · 铜 · 季节性 Federal Reserve美联储 Use it for用途Read liquidity through the Fed balance sheet instead of relying on headlines alone.通过美联储资产负债表观察流动性,而不是只看新闻标题。 Inside页面包含Total assets · Treasury/MBS holdings · reserves · liquidity trend总资产 · 国债/MBS 持仓 · 准备金 · 流动性趋势 Rates利率 Use it for用途See what the market prices for future policy and how the rate path is changing.查看市场如何定价未来政策,以及利率路径正在怎样变化。 Inside页面包含FedWatch probabilities · target path · meeting calendarFedWatch 概率 · 目标利率路径 · 会议日历 Housing房市 Use it for用途Follow affordability, supply and financing conditions in the US housing cycle.跟踪美国房地产周期中的可负担性、供应与融资条件。 Inside页面包含Mortgage rates · prices · inventory · starts · permits房贷利率 · 房价 · 库存 · 新屋开工 · 建筑许可 Prediction markets预测 Use it for用途Use event probabilities as a live measure of what the crowd expects — not as certainty.把事件概率当作市场预期的实时温度计,而不是确定答案。 Inside页面包含Event odds · probability changes · settlement dates事件赔率 · 概率变化 · 结算日期
02
Find & price companies发现公司与判断价格Move from a broad view to a comparable shortlist把大盘判断逐步收窄成可比较的候选名单

A useful default: Markets → Sectors → Screener → Valuation → Earnings → Agents. The remaining tabs deepen the macro, positioning and event context when the decision needs it.一个实用的默认顺序是:市场 → 板块 → 选股 → 估值 → 财报 → 智能体。其余 Tab 用来在需要时补充宏观、资金与事件背景。

Sample reports报告样例

Read a finished report before you run one.先读一份完成的报告,再决定是否运行。

A random selection of finished analyses, anonymous by design. Open one to read every turn, or take the PDF. 随机抽取的已完成分析,均已匿名处理。打开任意一份即可逐轮阅读,也可以下载 PDF。

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Pricing价格

3 free runs a day. Pro when you want more. 每天 3 次免费。想要更多,就开通 Pro。

Pro is 10 analyses a day on every model in the menu, and every dashboard in full, with 7 days free to start. Free runs use DeepSeek V4.1 Flash. Packs are still there for the odd extra run, and never expire. Pro 每天 10 次分析,可选菜单中的全部模型,全部看板完整可见,并可先免费试用 7 天。免费分析使用 DeepSeek V4.1 Flash。偶尔多跑几次,也可以买次数包,永不过期。

Free免费 3runs / day次 / 天 resets at midnight Pacific太平洋时间零点重置
ProPro 10runs / day次 / 天 $9.5 a month or $95 a year每月 $9.5 或每年 $95 Try 7 days free →免费试用 7 天 →
5 runs5 次 $2.5 $0.50 per run每次 $0.50
28 runs28 次 $12.5 $0.45 per run每次 $0.45
60 runs60 次 $25 $0.42 per run每次 $0.42
130 runs130 次 $50 $0.39 per run每次 $0.39

How runs and credits are counted →次数如何计算 →

Explore探索

Explore TradeAgents.探索 TradeAgents。

Boundary边界

You make the call.决定权在你。

TradeAgents is built for research. It places no orders, connects to no brokerage account and holds no money. A report is a model's argument, not investment advice — it can be wrong, and it can be confidently wrong. Read the turns, check the numbers, and decide for yourself. TradeAgents 为研究而生。它不下单、不连接任何券商账户,也不持有任何资金。报告是模型的论证,而不是投资建议——它可能出错,而且可能错得很自信。请逐轮阅读、核对数字,然后自己做决定。