A Metaverse Stock Screen Using Market Capitalization and Prior Turnover

Summary

The document proposes screening Chinese stocks in the metaverse theme for a circulating market capitalization above 10 billion yuan and a prior-day actual turnover rate within a stated range. Its final rule specifies turnover between 5% and 20%, while an earlier description gives a different range. It also includes example formulas and Python code for obtaining a sector list, filtering by size, and checking turnover.

The accompanying discussion argues that a bounded turnover filter may exclude stocks with unusually low or high trading activity. It offers no backtest results or evidence that the screen produces better returns. The document notes that turnover changes with market conditions and calls for caution when applying historical data. The sample code and inconsistent turnover ranges mean the exact screen and calculations should be checked before use.

Key ideas

• The screen targets metaverse-theme stocks with circulating market capitalization above 10 billion yuan.
• Its final rule selects prior-day turnover between 5% and 20%.
• The document also mentions a different turnover range earlier, so the intended threshold is unclear.
• It gives example data retrieval and filtering logic but reports no performance evidence.
• Turnover changes with market conditions, which limits the reliability of a static historical screen.

Tags

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