Chinese Stock Screen Using Turnover, Earnings Growth, and Weekly MACD

Summary

This Chinese stock screening rule combines turnover between 3% and 12%, year-over-year growth in net profit attributable to parent shareholders above 20% and no more than 100%, and a bullish weekly MACD condition. The document treats turnover as a trading activity filter, profit growth as a fundamental screen, and the weekly MACD relationship as a trend signal. It includes formula and Python examples intended to apply the criteria.

The stated caveat is that MACD can produce false crossovers, so the signal should be checked alongside other indicators; Bollinger Bands and KDJ are suggested. The examples do not provide backtest results or evidence that the selection rule has predictive value. The Python sketch also relies on particular data fields and historical periods, and its turnover and MACD calculations may not directly correspond to the definitions in the prose. The rule is therefore best read as a proposed screening recipe with implementation details to verify.

Key ideas

• The screen requires turnover between 3% and 12% and bounded year-over-year net profit growth.
• A bullish weekly MACD relationship serves as the trend filter.
• The document warns that MACD can generate false crossovers.
• It suggests combining the screen with other technical measures such as Bollinger Bands or KDJ.
• No backtest or performance evidence is supplied, and the code’s data definitions require checking.

Tags

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