A-Share Metaverse Screening by Market Cap, Float, and Turnover

Summary

The document describes an A-share stock screen centered on the metaverse industry. Its initial criteria are a circulating share count no greater than 5.5 billion and turnover between 3% and 12%. It then revises the screen to add a market capitalization ceiling of 10 billion yuan, presenting the combination as the final selection logic. The accompanying example outlines filtering stocks using industry, market capitalization, circulating shares, and turnover data.

The rationale is that a bounded turnover range may help focus on tradable stocks, while the limited float and industry focus narrow the universe. The author also identifies drawbacks: attention to smaller float stocks can exclude larger companies, and selected names may still have liquidity or information-asymmetry risks. Suggested improvements include incorporating fundamental and macroeconomic data alongside technical and price-volume measures. No backtest, performance results, or evidence that the proposed thresholds improve returns is provided; the screen is a selection concept rather than a validated trading system.

Key ideas

• The initial screen selects metaverse stocks with circulating shares at or below 5.5 billion and turnover between 3% and 12%.
• The final version adds a market capitalization ceiling of 10 billion yuan.
• The stated rationale for a turnover range is to balance liquidity with risk control.
• The document warns that the focus on smaller float stocks may omit larger companies and leave liquidity concerns.
• It recommends testing additional fundamental, macroeconomic, technical, and price-volume inputs.

Tags

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