A-Share Screen for Price Amplitude, Dividend Yield, and Listing History
Summary
This article describes a Chinese stock screen requiring daily price amplitude above 1%, a dividend yield above 25% for 2019, and more than five years since listing. It presents amplitude as a measure of trading activity, the dividend condition as an income or confidence signal, and listing age as a proxy for company maturity. Example formulas are given for combining the filters, alongside references to common stock-data sources.
The document cautions that market shocks, sector or company-specific risks, and reliance on historical data can undermine the screen. It notes that a listing-age requirement may exclude younger companies and suggests adding valuation measures, improving portfolio diversification, and adapting risk controls to the investor. No constituents, backtest results, or evidence that the criteria predict returns are provided. The examples also leave implementation details unclear, including whether the dividend field corresponds specifically to 2019 and how data availability or survivorship effects are handled.
Key ideas
- The screen combines daily amplitude above 1%, a 2019 dividend yield above 25%, and a listing history exceeding five years.
- Amplitude is used to represent trading movement, while dividend yield and listing age serve as basic company filters.
- The article warns that historical metrics can miss future developments and that listing-age rules exclude younger firms.
- It suggests adding valuation measures and strengthening diversification and risk controls.
- No backtest or predictive evidence is provided, and the examples leave data definitions unclear.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.