A-Share Screening with Positive MACD, Positive P/E, and Convertible Bonds

Summary

This document describes a pre-market screen for Chinese stocks that combines a positive MACD reading, positive trailing P/E, and a nonempty name for an outstanding convertible bond. It presents MACD as a trend filter, positive P/E as a basic valuation eligibility check, and convertible-bond participation as another selection condition. The article also suggests ranking candidates by trading activity, though it does not define a tested ranking rule.

The evidence consists of the screening logic and illustrative indicator and data-field references; no backtest, performance results, or empirical support is provided. The rationale that convertible bonds may support share prices or control risk is asserted rather than demonstrated. The screen therefore identifies stocks matching these fields, not necessarily sound businesses or low-risk investments. The document itself notes exposure to equity-market losses and sensitivity to convertible-bond market conditions, and suggests adding other technical and fundamental measures.

Key ideas

• The screen selects stocks before each trading session using positive MACD, positive trailing P/E, and an outstanding convertible-bond name.
• MACD is used as a proxy for an upward price trend.
• The article offers no backtest or evidence that the filters predict returns.
• Convertible-bond market conditions may affect the selected stocks and their price prospects.

Tags

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