A-Share Screening with MACD, Revenue Growth, and Dividend Payout

Summary

This A-share stock screen combines a positive MACD reading with revenue in 2021 exceeding revenue in 2018 by a stated threshold, and a dividend payout ratio above a specified level in 2019. The accompanying example describes selecting from a large-cap index universe, ranking eligible stocks by market capitalization, and using a price-based exit after a decline from cost. It also sketches an allocation across several holdings.

The post explains the intended roles of momentum, revenue growth, and dividends, and flags that a single year of payout data and a narrow set of fundamentals may not represent a company’s durable prospects. It recommends adding broader financial and technical measures, risk controls, and periodic review. No backtest results or evidence of profitability are supplied. The code’s revenue field is not clearly shown to implement the title’s direct 2021-to-2018 revenue comparison, and its MACD construction differs from the stated formula, so the screening logic and implementation should be reconciled before evaluation.

Key ideas

• The proposed screen combines positive MACD, multi-year revenue growth, and a historical dividend payout threshold.
• The example limits candidates to an index universe and orders them by market capitalization.
• The sample trading logic includes a price-based exit and a cap on the number of holdings.
• The post notes that single-year payout data and a narrow fundamental set can create selection risk.
• No strategy performance evidence is reported, and parts of the example code may not match the stated screen.

Tags

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