Chinese Equity Screen Combining Turnover, Profit Growth, and MACD

Summary

The document outlines a China-focused stock screen that combines trading activity, company earnings growth, and a technical condition. It selects stocks with turnover between 3% and 12%, parent-company net profit growth above 20% and no more than 100%, and a MACD value below zero two days earlier. The article includes example formulas and Python-style data retrieval logic for applying these filters.

The post describes the selection rules but provides no performance results or evidence that the screen produces superior returns. It cautions that technical analysis can overlook fundamental considerations and that stock-market risk remains. It suggests adding other fundamental and technical filters and setting profit-taking and stop-loss levels, though it does not test those modifications. The accompanying sample code has data and timing assumptions that would need validation before use in research or live trading.

Key ideas

• The screen requires turnover to fall within a specified range.
• It filters for parent-company net profit growth above 20% and up to 100%.
• It also requires MACD to be below zero two days earlier.
• The document offers example screening code but reports no strategy performance.
• The author notes that additional filters and risk controls may be considered.

Tags

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