A-Share Screen for Turnover, Three Down Days, and Large Float Capitalization

Summary

This Chinese stock-selection note proposes screening for shares with turnover between 3% and 12%, three consecutive declining sessions, and circulating market capitalization above 10 billion yuan. It frames the filters as a combination of trading activity, recent price weakness, and company size. The article includes example indicator logic and a data-provider script intended to find qualifying stocks, but the calculations in the examples are not clearly consistent with the written rules.

The author describes the screen as a starting point and notes that it omits industry characteristics and other company fundamentals. Suggested additions include valuation ratios and dividend yield. The document does not explain an entry or exit rule, position sizing, or any backtest results, so it offers a screening hypothesis rather than evidence of a profitable trading strategy. Its examples should be checked carefully before use, especially the definitions of consecutive down sessions and turnover.

Key ideas

• The proposed universe has turnover between 3% and 12% and circulating capitalization above 10 billion yuan.
• It seeks stocks with three consecutive declining sessions.
• The article combines activity, price action, and size filters but provides no tested performance.
• It identifies omitted industry and fundamental information as limitations.
• The illustrative code may not match the stated screening definitions and needs validation.

Tags

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