Chinese Stock Screen Combining Dividends, RSI, and Board Exclusion
Summary
The post proposes screening Chinese equities for a 2019 dividend ratio above 25%, RSI below 65, and exclusion from the Science and Technology Innovation Board. Its stated rationale is to avoid stocks with relatively high RSI readings, select companies with substantial dividends, and omit that market segment. It also explains RSI as a comparison of recent upward and downward price movement.
The article supplies an illustrative Python selection approach, but does not report a backtest, portfolio construction, or returns. It cautions that RSI and dividend measures alone cannot assess a company’s full value or growth prospects, and a high dividend may coexist with weakening business performance or uncertain prospects. It suggests considering profitability, financial stability, risk controls, and industry characteristics. The sample’s board exclusions and data fields may not precisely implement the stated universe and dividend criterion, so the example should be treated as an outline rather than validated selection code.
Key ideas
- The proposed screen combines a 2019 dividend ratio above 25%, RSI below 65, and exclusion of the Science and Technology Innovation Board.\nThe post describes RSI in terms of recent gains relative to losses.\nHigh dividends and a moderate RSI do not establish that a company is fundamentally attractive.\nThe article suggests adding financial strength, risk controls, and industry considerations.\nNo backtest or investment performance evidence is provided.
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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.