Chinese Stock Screen Using Range, Dividend Payout, and Lower Lows

Summary

This Chinese-language post describes an A-share selection rule combining three conditions: price amplitude above one, a dividend payout ratio above 25% for 2019, and the current session’s low below the previous session’s low. It presents higher amplitude as a sign of activity, the historical payout condition as a possible marker of company stability, and the lower low as a potential precursor to a rebound. It also supplies indicator-formula and Python examples, although the code includes additional filters such as valuation and market-capitalization checks that are not part of the stated final rule.

The post provides no backtest, return figures, or evidence that the conditions predict gains. Its discussion acknowledges market, sector, company-specific, and data-quality risks, and suggests adding trend, momentum, growth, and risk-control measures. The dividend screen relies on a past-year metric, while a lower low can also reflect continuing weakness; readers would need to define the data and test the combined rule before drawing conclusions.

Key ideas

• The stated screen combines price amplitude, a historical dividend payout threshold, and a lower current low.
• The post interprets the payout condition as a possible sign of stability and the lower low as a possible rebound setup.
• The code example adds valuation and capitalization filters beyond the final written selection rule.
• The document reports no performance test and recognizes market, sector, and company-specific risks.

Tags

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