Chinese Stock Screen Using Amplitude, Dividend Yield, and a 30-Day Average

Summary

This Chinese equity screening example combines a volatility condition, a historical dividend yield condition, and a price-versus-moving-average condition. It selects stocks whose daily high-to-low amplitude exceeds the stated threshold, whose 2019 dividend yield exceeds 25%, and whose current price is above its 30-day moving average. The article gives illustrative screening logic and sample code using two different data sources.

The author frames the screen as combining price behavior, fundamentals, and trend, but provides no backtest results or evidence that the filters improve returns. The sample compares current market data with a historical dividend measure, and its moving-average check is based on an example stock and date range. The article itself warns that company, industry, and broader policy risks are not captured, and suggests adding more inputs and dynamic adjustment. The screen should therefore be treated as an example requiring validation, not a demonstrated strategy.

Key ideas

• The screen combines daily price amplitude, 2019 dividend yield, and price relative to a 30-day moving average.
• It selects stocks with prices above the moving average and dividend yields above the stated cutoff.
• The article provides example screening logic and code, but no performance evaluation.
• The author identifies company, industry, and policy risks as omitted factors.
• The examples use different data sources and a limited historical moving-average sample.

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