Chinese Stock Screen Using Intraday Range, Profitability, and Market Value
Summary
The document presents a Chinese equity screen combining a daily price range greater than 1%, market capitalization below 10 billion yuan, positive net profits over the latest four quarters, and a share price of at least 18.5 yuan. It frames these conditions as a blend of price activity, company profitability, and a fixed price threshold, and includes example formula and Python implementations.
The document offers no backtest results or evidence that the combined criteria predict returns. It notes that share price alone does not indicate valuation, a fixed price cutoff can exclude otherwise suitable firms, and positive earnings do not establish overall company quality. Market moves can also affect the range filter. Suggested refinements include adding valuation and other fundamental measures, making price thresholds more responsive to market conditions, and considering trading activity. The supplied examples are implementation references, not validated strategy results.
Key ideas
- The screen requires a daily high-low range above 1% of the prior close.\nIt limits candidates to market capitalization below 10 billion yuan.\nIt requires positive net income in each of the latest four quarters and a share price of at least 18.5 yuan.\nThe document provides example formulas and code but no performance results.\nA fixed share-price threshold and limited financial criteria may produce weak or incomplete selections.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.