A-Share Screen Using Price Range, Dividend Yield, and Float Size

Summary

This proposed Chinese equity screen selects stocks whose daily high-low range is greater than the open, whose dividend yield associated with 2019 exceeds 25%, and whose circulating share measure is at most 5.5 billion shares. The post describes the combination as a way to focus on volatile, dividend-paying companies with a constrained float. It includes example formulas and sample code, with the resulting list sorted by turnover ratio.

The author warns that concentrating on smaller-float stocks can increase risk and that these criteria do not assess financial condition or recent operating performance. It suggests adding measures such as revenue growth and return on equity, along with activity indicators like turnover and volume. The post provides no backtest, evidence of returns, or clear explanation of how its dividend and circulating-share fields are defined. Its concluding recommendation to combine fundamentals, technical analysis, and market sentiment is broader than the specific three-factor screen, which should be treated as a basic filter rather than a complete investment process.

Key ideas

• The screen combines a daily price-range threshold, a 2019 dividend-yield threshold, and a cap on circulating shares.
• The example sorts screened stocks by turnover ratio.
• The author identifies small-float exposure and missing financial information as key limitations.
• Revenue growth, return on equity, volume, and turnover are suggested as additional filters.
• No performance test or complete trading and risk-management plan is provided.

Tags

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