A Share Stock Screen Using Turnover, Beverage Industry, and MACD
Summary
This document describes a Chinese A-share screening rule that combines a daily turnover range of 3%–12%, a beverage and alcohol industry classification, and positive daily MACD. Its explanation treats the turnover band as a way to avoid very inactive or highly traded names and uses MACD as a trend filter. The accompanying indicator references also mention a moving-average condition, though the prose selection rule focuses on turnover, industry, and MACD.
The article offers no performance results or backtest evidence. It warns that the screen relies mainly on technical and sector criteria and omits fundamental measures. It suggests adding valuation or profitability data and other indicators, but provides no evidence that these changes improve returns. The sample Python reference has apparent data and field inconsistencies, so it should not be treated as a validated implementation of the stated screen.
Key ideas
- The screen selects stocks with daily turnover between 3% and 12%.\nIt restricts candidates to the beverage and alcohol import-export sector.\nPositive daily MACD is used as a trend filter.\nThe article notes that the rule lacks fundamental analysis and presents no measured results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.