A-Share Screen Combining Turnover, KDJ Golden Cross, and Daily Gains

Summary

This proposed main-board A-share screen combines a turnover-rate band of 3% to 12%, a newly formed KDJ golden cross, and a daily gain above 1%. Its stated rationale is to favor stocks with a measure of trading activity, a bullish technical signal, and positive near-term price movement. The document also includes example screening logic and a Python illustration for collecting candidate stocks.

The author notes that the rules omit company fundamentals and may encourage chasing stocks simply because they have risen that day. Suggested extensions include fundamental measures and broader analysis, though the text gives no tested model or evidence that these additions improve results. The example code's turnover calculation uses a historical quantile, which differs from the stated current turnover threshold, and its KDJ condition is represented by a simple increase between observations. No backtest, transaction-cost analysis, or performance statistics are reported, so the screen remains an unvalidated selection idea.

Key ideas

• The screen requires turnover within a specified band, a KDJ golden cross, and a daily rise above the stated threshold.
• Its rationale combines liquidity, a technical trigger, and positive price momentum.
• The author identifies fundamental risk and the possibility of following market sentiment.
• The code example does not precisely match all the prose conditions.
• The document supplies no performance evidence or transaction-cost analysis.

Tags

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