Chinese Main Board Screen by Turnover, Float Value, and Share Price

Summary

This document specifies a screen for Chinese main-board stocks with turnover between three and twelve percent, floating market capitalization between 5 and 10 billion yuan, and a closing price below 12 yuan. It includes a formula-style condition and a Python example that filters a data frame on those market, turnover, valuation, and price fields.

The accompanying discussion frames the screen as a way to find lower-priced companies that may be overlooked, while warning that price-focused selection can ignore business fundamentals and may perform poorly across changing market conditions. It recommends balancing price criteria with intrinsic value and business prospects, and diversifying across holdings. The document supplies no backtest or evidence that these thresholds identify undervalued stocks; the screen is a starting filter, not a demonstrated investment strategy.

Key ideas

• The screen limits candidates to main-board stocks with turnover from three to twelve percent.
• It requires floating market value between 5 and 10 billion yuan and a share price below 12 yuan.
• The author cautions that price-based filters can overlook fundamental weaknesses.
• No return data or historical evaluation supports the selected thresholds.

Tags

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