A-Share Screen Combining Turnover Strength, Limit-Ups, and Revenue Growth
Summary
This document describes a Chinese equity selection approach combining market activity with a historical revenue comparison. The stated criteria are ranking in the top 10% for capital strength over 500 days, at least two limit-up sessions during that period, and 2021 revenue more than 1.1 times 2018 revenue. The rationale offered is that strong activity and prior price surges may reflect investor interest, while revenue growth may indicate business expansion.
The post also recommends assessing valuation with measures such as price-to-earnings and price-to-book ratios, and using trend indicators such as moving averages or MACD. It identifies risks of excessive expectations, rapid price appreciation, and unstable profitability. No backtest or results are reported, and the Python section is incomplete. The rules depend on historical accounting data and a capital-strength measure whose precise definition is not fully explained, so the screen needs careful data and timing choices before it can be evaluated.
Key ideas
- The proposed screen ranks capital strength over 500 days and selects the top 10%.\nIt requires at least two limit-up sessions in the same 500-day period.\nIt requires 2021 revenue to exceed 2018 revenue by a factor of 1.1.\nThe author suggests adding valuation and trend measures, while warning about overpricing and unstable profitability.\nThe document provides no performance test, and its code example is incomplete.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.