A-Share Screening by Turnover, Price, and Listing Venue

Summary

The document outlines a Chinese A-share stock screen based mainly on turnover and share price. It selects stocks with turnover between 3% and 12%, excludes Beijing-listed shares, and describes a price near 18.5 yuan; its example formula instead uses a range of 18 to 19 yuan. A Python example applies turnover and price filters, removes names containing an ST marker, and limits codes to specified Shenzhen prefixes.

The article characterizes this as a technical screen and suggests adding valuation measures such as price-to-earnings and price-to-book ratios for broader selection. It offers no backtest, portfolio construction, or evidence that the screen identifies stable or attractive stocks. The descriptions also do not line up completely: the stated venue exclusion, the formula, and the Python implementation use different screening details. Results may therefore depend on which version is implemented.

Key ideas

• The screen combines a turnover band with a share-price range.
• The article intends to exclude Beijing-listed shares, while its examples implement venue restrictions differently.
• The Python example also filters out ST names and selects specified Shenzhen stock-code prefixes.
• The article recommends adding valuation measures but provides no performance evaluation.

Tags

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