A-Share Screen Combining Daily Range, Float Size, and Dividend Ratio

Summary

This note proposes a Chinese stock screen combining three conditions: a prior-session high-low range greater than 1% of the prior close, free float no larger than 5.5 billion shares, and a 2019 dividend ratio above 25%. The code examples intersect the filters and rank qualifying stocks by turnover rate, retaining a fraction of the candidate list.

The accompanying rationale associates the range threshold with short-term trading activity, smaller float with potentially higher risk and return, and the historical dividend measure with shareholder distributions. The article gives no backtest or performance evidence, and the screen’s single-year dividend input may miss newer dividend payers or favor unusually high payouts. It also notes that dividend yield or payout alone does not establish financial health, recommending further review of financial measures and dividend history. This is a proposed screening recipe, not a demonstrated investment strategy.

Key ideas

• The screen combines a prior-session range threshold, a free-float ceiling, and a 2019 dividend-ratio threshold.
• Qualifying stocks are ranked by turnover rate, with only a subset retained.
• The article cautions that high dividend ratios may mask weak operating conditions.
• It recommends checking broader financial measures and payout history, but reports no tested returns.

Tags

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