A-Share Screening by Price Range, Dividend Ratio, and Region

Summary

This document outlines a Chinese A-share stock screen that selects companies with an amplitude above 1 and a 2019 dividend ratio above 25%, while excluding Beijing-listed stocks. It presents the criteria as a way to combine a price-movement condition with a dividend filter and a regional exclusion. The accompanying explanation suggests that the dividend condition may appeal to investors seeking distributions, while the amplitude condition focuses attention on stocks with larger price fluctuations.

The article gives no backtest, performance data, or precise definition of amplitude or dividend ratio. Its sample Python implementation also applies additional filters, including price-to-earnings, market capitalization, and price-to-book conditions, so it does not exactly implement the stated three-part screen. The article itself notes that the approach may miss growth companies with low payouts and that a regional filter can exclude otherwise attractive stocks. It suggests adding valuation, return on equity, and ownership measures, but provides no evidence that these changes improve results.

Key ideas

• The stated screen requires amplitude above 1 and a 2019 dividend ratio above 25%.
• It excludes A-share companies associated with Beijing.
• The accompanying code adds valuation and size filters beyond the headline criteria.
• The article warns that dividend and regional filters may exclude some promising companies.
• No backtest or evidence of investment performance is provided.

Tags

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