A-Share Screen Combining Moving-Average Convergence, Recent Gains, and Dividends
Summary
This proposed A-share screen combines three filters: at least five moving averages converging, a positive but bounded return over ten days, and a dividend ratio above the stated level for 2019. The article presents convergence as a way to find stocks with aligned price trends, pairs it with recent gains that have not exceeded its upper bound, and adds a dividend criterion intended to identify companies with distributions attractive to investors.
The document provides conceptual pseudocode and a sample data approach, but no backtest or performance evidence. The code is not a reliable operational specification: parts of the data retrieval and indicator logic do not clearly implement the stated conditions, and the moving-average convergence test is not rigorously defined. The article also flags sector concentration and sensitivity to short-term market moves, suggesting broader financial measures and diversification or stop-loss controls. The idea should therefore be treated as a rough screening concept requiring precise definitions and validation.
Key ideas
- The screen requires at least five moving averages to converge, though convergence is not precisely defined.
- It limits the ten-day price gain to a positive range below the stated ceiling.
- A 2019 dividend-ratio threshold supplies a historical income-related filter.
- The article provides no backtest evidence, and its sample code does not clearly implement the screen.
- Potential sector concentration and short-term volatility call for broader analysis and risk controls.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.