A-Share Screen Using Price Range, Historical Payouts, and Weekly Candles

Summary

This Chinese stock screen selects shares with an amplitude above 1, a dividend payout ratio above 25% in 2019, and positive weekly candlesticks in consecutive weeks. The article interprets the price-range condition as a volatility filter, the historical payout threshold as a sign of generous distributions, and the candle pattern as evidence of short-term upward movement. It also provides an amplitude formula and code fragments, though the code includes extra market-capitalization, valuation, and candle conditions that are not consistently tied to the stated screen.

The write-up does not report a backtest or evidence that these filters produce excess returns. It cautions that sentiment shifts and indicator errors can hurt results, and that the selection may omit important company fundamentals and competitive context. Suggested refinements include adding valuation or momentum indicators and combining factors. The payout measure refers specifically to 2019, so it may not represent current dividend policy; the rules should be evaluated against up-to-date data before use.

Key ideas

• The stated screen combines amplitude above 1, a 2019 payout ratio above 25%, and positive weekly candles in consecutive weeks.
• The article frames these rules as a mix of volatility, dividend, and technical filters.
• The code examples include additional valuation and market-size constraints that differ from the headline conditions.
• No performance evidence is supplied, and the historical payout figure may not reflect current company policy.

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