A Chinese A-Share Screen Using Turnover, Broker Lists, and Revenue Growth
Summary
This stock-selection idea combines three filters: daily turnover between 3% and 12%, appearance on the previous day’s broker trading list, and 2021 revenue more than 10% above 2018 revenue. The post frames the conditions as a way to find moderately active stocks with stronger revenue growth and market attention. It includes sample screening logic in formula and Python form, but provides no backtest results or evidence that the filters predict returns.
The stated caveats are that revenue growth alone can be misleading: a company may have already achieved its growth target, and weak profitability can still leave a stock exposed to declines. The author suggests considering profitability, financial condition, competitive position, and future prospects, as well as adding fundamental or technical measures. The screen also uses historical revenue years, so it does not establish that the same signals remain useful in other periods or market conditions.
Key ideas
- The screen selects stocks with turnover between 3% and 12%.\nIt requires an appearance on the prior day’s broker trading list.\nIt requires 2021 revenue to exceed 2018 revenue by more than 10%.\nRevenue growth does not establish profitability or future stock performance.\nThe post recommends adding broader fundamental and technical checks.
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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.