Chinese Stock Screen for Turnover, KDJ Golden Cross, and Mid-Sized Float

Summary

This Chinese equity selection rule combines a turnover range of 3% to 12%, a newly formed KDJ golden cross, and a circulating market capitalization between 5 billion and 10 billion yuan. The post frames these filters as a way to combine liquidity, a short-term technical signal, and company size. Its example code expresses the turnover, KDJ, and capitalization conditions and describes selecting stocks from a broad A-share list. The accompanying Python example checks recent turnover quantiles, compares consecutive KDJ values, and filters by circulating capitalization, but these implementation details do not exactly demonstrate a newly formed crossover.

The article supplies no backtest or performance evidence. It cautions that the selection ignores company fundamentals and relies on historical data, so changing market conditions and investor sentiment may reduce its usefulness. It also notes that market capitalization can be a subjective size filter. The examples contain methodological inconsistencies: the code’s KDJ comparison alone does not establish a crossover, and the turnover quantile test differs from applying the stated range to current turnover. The suggested extensions include fundamental and industry context, with ongoing evaluation as conditions change.

Key ideas

• The stated screen requires turnover between 3% and 12%, a fresh KDJ golden cross, and circulating capitalization between 5 billion and 10 billion yuan.
• The rule combines liquidity, a technical signal, and company size.
• The example's KDJ comparison does not by itself establish that a crossover has just occurred.
• The turnover quantile check differs from the stated current-turnover condition.
• The post provides no performance evidence and identifies omitted fundamentals and changing market conditions as risks.

Tags

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