A-Share Screen by Turnover, IPO Year, and Circulating Market Capitalization

Summary

This document presents a Chinese equity screen based on turnover between 3% and 12%, listing in 2021, and circulating market capitalization between 5 billion and 10 billion yuan. It frames turnover as a proxy for liquidity and investor attention, while the listing-year condition narrows the universe to newer companies. The article includes sample indicator and Python approaches, though the examples contain additional volume and price checks that do not cleanly match the stated screen.

The author cautions that liquidity and attention alone say little about a company’s value, and that the method omits fundamentals. Suggested refinements include valuation measures, profitability, and technical indicators. No historical test, return series, or evidence of predictive performance is provided, so the screen should be understood as a candidate-selection rule rather than a validated strategy. The examples also vary in whether they use an exact listing year or a minimum listing year, leaving implementation details ambiguous.

Key ideas

• The stated filter requires turnover of 3% to 12%, a 2021 listing, and circulating market capitalization of 5 billion to 10 billion yuan.
• The method uses liquidity, attention, and company age as selection criteria.
• The article warns that these filters do not measure intrinsic value or business quality.
• Its implementation examples add or alter conditions, and no performance evidence is reported.

Tags

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