A Chinese Stock Screen Combining Price, Range, and Dividend Criteria

Summary

This document describes a Chinese equity screen using three conditions: daily price range above a threshold, share price below a ceiling, and a 2019 dividend ratio above a threshold. It frames the screen as a mix of technical behavior and dividend characteristics, then suggests adding industry and fundamental measures such as valuation and profitability, along with exit rules and periodic review.

The document provides formula and Python examples, but no backtest, performance evidence, or precise validation of the proposed thresholds. Its definitions are also inconsistent: the prose refers to K-line below 20 and dividend ratio, while the sample formulas use closing price and divide an estimated dividend amount by price. The author notes that the screen omits market, industry, earnings, and risk controls, so its selections should not be taken as evidence of long-term potential.

Key ideas

• The screen combines a price-range condition, a low share-price ceiling, and a 2019 dividend criterion.
• The document recommends adding industry and fundamental analysis to the initial filters.
• It identifies missing stop rules and risk controls as limitations of the screen.
• The examples are not accompanied by backtest results, and some filter definitions differ between prose and formulas.

Tags

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