Chinese Stock Screen for High Amplitude, Dividend Yield, and Positive Returns

Summary

This Chinese-language post describes a stock-selection screen requiring price amplitude above one, a 2019 dividend yield above 25%, and a positive return. It presents the combination as a way to find shares with strong short-term performance and dividend characteristics, and gives example formulas and code intended to implement the filters. The post also suggests expanding the screen with valuation measures such as price-to-earnings and price-to-book ratios, plus moving-average signals.

The document offers no backtest, comparison universe, benchmark, or evidence that the filters produce attractive risk-adjusted returns. It acknowledges that the screen may overlook long-term company prospects and that selecting on short-term performance can expose investors to market reversals. The examples rely on data fields and code whose definitions, timing, and compatibility are not established in the post; in particular, the dividend condition refers to a historical year. The screen should therefore be treated as a rough selection rule, not a validated strategy.

Key ideas

• The screen combines a price-amplitude threshold, a historical dividend-yield threshold, and positive price performance.
• The post presents fundamentals and recent returns as complementary stock-selection signals.
• It suggests adding valuation measures and moving-average indicators to broaden the screening process.
• The author notes that short-term performance filters can miss long-term value and remain exposed to market declines.
• No backtest or performance evidence is provided, and the example data fields require verification.

Tags

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