A-Share Screen Using Turnover, Market Capitalization, Earnings, and the 10-Day Average

Summary

This stock-selection idea screens Chinese A-shares for turnover between 3% and 12%, market capitalization below 10 billion yuan, and no reported losses, then selects stocks whose opening price lies around the 10-day moving average. The article describes the combination as a way to mix liquidity, size, profitability, and a technical price condition. It also suggests considering company fundamentals, market behavior, momentum, and relative strength to refine the screen.

The source supplies example formula and Python implementation references, but does not report backtest results or define a robust evaluation process. Its code’s financial filters use specific historical data windows, and the written discussion acknowledges that relying heavily on one moving-average condition may produce unstable or inaccurate selections as market conditions and individual stocks change. The idea should therefore be treated as a screening hypothesis rather than evidence of a profitable strategy.

Key ideas

• The screen combines turnover, market capitalization, profitability, and an opening-price condition relative to the 10-day moving average.
• The stated turnover range is 3% to 12%, and the market-capitalization ceiling is 10 billion yuan.
• The article recommends adding fundamental and technical measures such as momentum or relative strength for broader assessment.
• It warns that the moving-average condition may be unreliable across changing market conditions.
• No backtest evidence or profitability results are supplied.

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