A Chinese Stock Screen Combining Intraday Range, Dividend Yield, and Opening Move

Summary

This Chinese-language post proposes screening stocks using three conditions: an intraday high-low range above 1% of the open, a 2019 dividend yield above 25%, and a price move below 6% at the 9:25 reference point. It supplies example formulas and sample code, then describes the screen as a way to narrow candidates while seeking comparatively lower risk. The post also suggests refining the criteria around market themes and trends or calculating the price move at other times.

The rationale is not supported by backtest results or performance statistics. The author acknowledges that the filters may be too restrictive and that a single opening-period price observation can be affected by volatility and sentiment. The examples also leave practical details open, including data availability and the precise alignment of the 9:25 price with the other inputs. The screen is therefore a rule sketch, not evidence that selected stocks will deliver stable returns.

Key ideas

• The proposed screen combines intraday range, a historical dividend yield threshold, and an opening-period price move.
• The post includes formula and code examples for applying the conditions to Chinese stocks.
• The author warns that multiple filters may leave few or no qualifying stocks.
• A single price observation around the open may be noisy and sensitive to market sentiment.
• No backtest results are provided to demonstrate the screen’s return or risk profile.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.