A-Share Screening with Moving-Average Trend and Capital Strength
Summary
This screening recipe combines three filters for Chinese equities: rank candidates by a capital-strength indicator, require the outstanding convertible-bond short name to be nonempty, and select stocks whose 20-day moving average is above the 120-day average. The moving-average condition is presented as a sign of stronger near-term direction, while capital strength is intended to prioritize stocks with greater inflows.
The document warns that the capital-strength measure may select poorly and that the moving-average condition can coincide with short-term overheating. It offers little empirical support: no backtest, performance figures, or detailed definition of the capital-strength measure is provided. The convertible-bond field condition is also not clearly tied to a substantive investment thesis, and the suggested code is incomplete. Treat this as a basic screening example rather than evidence of a profitable or robust strategy.
Key ideas
- The screen ranks stocks from highest to lowest by a capital-strength measure.
- It requires the outstanding convertible-bond short-name field to contain a value.
- It selects stocks with a 20-day moving average above the 120-day moving average.
- The document identifies indicator selection and possible overheating as risks, but supplies no backtest evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.