The relative news clicks factor is a quantitative indicator to measure the external attention of investors to individual stocks. This factor calculates the proportion of news clicks of a specific stock to the overall market news clicks, aiming to capture the relative attention of the market to individual stocks. When a stock's news exposure is significantly higher than that of other stocks, its relative news clicks will increase. However, empirical studies have shown that excessive relative news clicks may be associated with a negative correlation with the stock's future short-term returns. This may be due to the following two mechanisms: one is excessive attention, high clicks may reflect the market's excessive hype about the stock, and when the market returns to rationality, the stock price may face a correction; the other is overheated sentiment, excessive attention may also attract a large amount of speculative funds, causing the stock price to rise too fast in the short term, followed by a value return. Therefore, the relative news clicks factor can be used as a reverse indicator to help investors identify stocks that may face a short-term correction.