Chinese Stock Screen Using Daily Range, Decline, and Dividend Ratio

Summary

This Chinese-language post describes an equity screen requiring amplitude above 1, a maximum daily decline between 4% and 5%, and a 2019 dividend payout ratio above 25%. It presents the rules as a quantitative stock-selection logic and includes example references for implementing the screen with market data and a Python workflow. The post also suggests excluding certain listings in its example implementation.

The author flags the screen's short-term orientation and reliance on a single year's dividend ratio, which may overlook broader financial health, industry conditions, and longer-term company prospects. The material provides no backtest results or evidence that the criteria predict returns. It recommends examining dividend history and company trends, but does not specify how to combine those considerations into a revised, validated strategy.

Key ideas

• The screen combines a daily amplitude threshold with a bounded daily decline.
• It also requires a 2019 dividend payout ratio above 25%.
• The post includes example implementation guidance for selecting stocks.
• Its author cautions that a single year's dividend data and short-term price criteria are limited.

Tags

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