Chinese Beverage and Alcohol Stock Screen Using Range and Ten-Day Return

Summary

This Chinese equity screen filters for stocks in the beverage and alcohol import-export sector, with amplitude above 1 and a positive ten-day return below 35%. The stated rationale is to focus on shares showing price movement and recent gains that have not exceeded the specified ceiling, while narrowing the universe by industry. The example calculates a ten-day percentage change from closing prices and filters stocks by industry membership.

The article notes that sector and company fundamentals remain sources of risk, and that an industry-only screen can miss candidates elsewhere in the market. It suggests adding technical indicators and fundamental analysis to assess trend and business quality. No backtest, return series, or evidence that the thresholds improve risk-adjusted performance is presented. The screen is therefore a basic selection hypothesis, and its usefulness depends on data definitions, industry classification, and further testing.

Key ideas

• The screen requires amplitude above 1 and a positive ten-day return below 35%.
• It limits candidates to the beverage and alcohol import-export industry.
• The example uses closing-price changes and industry labels to implement the filters.
• Sector concentration and company fundamentals remain risks, and no backtest evidence is supplied.

Tags

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