A-Share Screen Using Turnover, a KDJ Golden Cross, and Convertible Bonds

Summary

This Chinese A-share stock screen combines a turnover-rate range of 3% to 12%, a newly formed KDJ golden cross, and a requirement that the company have a nonempty name for its outstanding convertible bond. The description interprets turnover as a liquidity filter and the KDJ crossover as a possible upward-trend signal; the bond condition is presented as a credit-related consideration. It also includes an example screening expression and a Python outline for iterating over stocks and daily data.

The source offers no backtest results or evidence that the combined conditions predict returns. It warns that the screen may omit relevant price and volume information and that relying on the convertible-bond condition may include overvalued shares. It suggests supplementing the rules with valuation, dividend, earnings-growth, price, and volume measures. The code example’s data handling is only illustrative, so the precise implementation and definition of a newly formed crossover would need checking before use.

Key ideas

• The screen combines turnover between 3% and 12%, a fresh KDJ golden cross, and a nonempty outstanding convertible-bond name.
• Turnover is used as a liquidity filter, while the KDJ cross serves as a trend signal.
• The bond-name condition is treated as a credit-related filter, but the source gives no validation for it.
• The screen may overlook price, volume, and fundamental valuation information.
• The article proposes adding further fundamental and market measures, without reporting tested results.

Tags

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