A Chinese Stock Screen Combining Turnover, Three Declining Days, and Small Float

Summary

This Chinese-language note presents a stock screen requiring turnover between 3% and 12%, a three-day decline, and a circulating share count no greater than 5.5 billion shares. It describes the combination as targeting lower-priced or consolidating names that have recently fallen while having a relatively small float. Example logic is provided in a charting formula and Python using historical price and stock data.

The article identifies missing company fundamentals as a key limitation and suggests adding valuation measures such as price-to-earnings or price-to-book ratios. It gives no backtest, results, or evidence that the screen identifies attractive investments. The examples also appear inconsistent: the prose specifies three consecutive bearish candlesticks, while parts of the code compare moving averages or closing prices and may not enforce that exact condition. Data fields, units, and selection logic should therefore be checked before implementation.

Key ideas

• The screen combines a turnover range, a three-day decline, and a circulating share count ceiling.
• The article supplies example formula and Python implementations using market data.
• The author notes that financial fundamentals are omitted and suggests adding valuation measures.
• No backtest or evidence of investment performance is reported.
• The code examples may not match the prose definition of three consecutive bearish candlesticks.

Tags

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