A-Share Screen Combining Price Range, Recent Surge, and Dividend Payout
Summary
This proposed A-share screen combines a price-range condition, a recent large daily gain, and a dividend payout criterion. The initial logic looks for an intraday range exceeding a volatility-based threshold, at least one daily gain of 10% or more within the recent 25 trading days, and a 2019 dividend payout ratio above 25%. The article then proposes adding liquidity, further technical measures, and more financial indicators such as valuation and earnings.
The source explicitly identifies the risk of selecting illiquid stocks and notes that dividend payout alone may not represent a company’s earnings quality. However, several conditions in the final version are placeholders rather than implemented rules, and the example snippets do not provide a usable complete selector. No backtest or return evidence is supplied. The screen should be read as an outline of candidate filters and possible improvements, not as a tested strategy.
Key ideas
- The initial screen combines a volatility-relative intraday range with a recent large daily gain.
- It also requires a dividend payout ratio above the stated threshold for 2019.
- The article flags liquidity as a risk and suggests adding trading-volume constraints.
- It recommends combining dividend data with broader financial and technical measures.
- Several proposed filters remain placeholders, and no performance evidence is given.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.