Chinese Stock Screen Using Price Range, Turnover, and Revenue Growth

Summary

This Chinese stock-screening example combines three filters: daily price amplitude above 1, prior-day actual turnover between 3% and 28%, and 2021 revenue greater than 1.1 times 2018 revenue. The intended idea is to select stocks showing trading activity alongside multi-year revenue growth. The post provides reference formulas and Python-style sample code for applying the conditions, then suggests sorting candidates by turnover.

The accompanying discussion cautions that revenue growth is only one financial measure and that industry conditions and broader market context are omitted. It suggests adding valuation measures and other contextual factors before refining the screen. No backtest, portfolio construction rules, or evidence of returns is reported, and the code is explicitly presented as an example requiring adjustment. The description also leaves some operational details ambiguous, including how the turnover measure is aligned with the stated prior-day condition, so users would need to verify data definitions before relying on results.

Key ideas

• The screen combines price amplitude, prior-day turnover, and revenue growth from 2018 to 2021.
• Its revenue condition requires 2021 revenue to exceed 1.1 times the 2018 level.
• The post supplies illustrative formulas and sample code, not a validated backtest.
• Single-metric revenue growth may miss industry, market, and other fundamental influences.
• Data definitions and timing should be checked before implementing the screen.

Tags

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