A-Share Screen for Turnover, Three Declining Sessions, and Profit Growth

Summary

This A-share stock screen combines market activity, recent price direction, and company earnings growth. It selects stocks with turnover between 3% and 12%, three consecutive declining sessions, and year-over-year growth in net profit attributable to parent-company shareholders above 20% and at or below 100%. The document also sketches how to implement the conditions using market data and financial-data queries.

The rationale is to combine trading behavior with a fundamental growth filter. The author cautions that focusing on earnings growth can obscure the absolute level of profit and broader market influences. Suggested refinements include adding valuation and balance-sheet measures and considering technical indicators. The document offers no historical backtest or evidence that the screen predicts future returns; the description of the three declines and the code’s close-price checks may also differ in how they represent consecutive down sessions.

Key ideas

• The screen requires turnover between 3% and 12% and three consecutive declining sessions.
• It filters for year-over-year attributable net profit growth above 20% and no greater than 100%.
• The proposed rationale is to combine trading activity and price action with company fundamentals.
• The author notes that growth rates alone omit absolute profit levels and broader market conditions.
• No backtest or return evidence is provided.

Tags

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