A-Share Screen Using Turnover, Prior-Day Dragon-Tiger Listing, and Concentration
Summary
The article describes a Chinese stock selection screen combining turnover between 3% and 12%, appearance on the prior day's Dragon-Tiger list, and a concentration measure. It frames turnover and the listing as signals of liquidity and market attention, while concentration is presented as an additional risk filter. It also provides formula examples for applying the conditions and ranking selected stocks by shareholder count.
The stated concentration conditions are internally inconsistent: they require the measure to be at most 20% and at least 70% at the same time, making the screen impossible as written. The article also cautions that relying on a single day's list may expose the selection to sentiment shifts, and says concentration can miss otherwise valuable stocks. It reports no backtest or investment results, and recommends considering fundamentals, industry context, other indicators, and ongoing review before judging stock value.
Key ideas
- The screen combines a turnover range with a prior-day Dragon-Tiger list appearance and a concentration filter.
- The stated concentration thresholds cannot both be satisfied, so the rule needs clarification before use.
- The article warns that one-day listing data can reflect shifting sentiment.
- It recommends adding fundamental and industry analysis, but supplies no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.