Chinese Stock Screen Using Turnover, the 10-Day Average, and Board Exclusion

Summary

This Chinese equity screening rule selects stocks with turnover between 3% and 12%, an opening price near the 10-day moving average, and no listing on the STAR Market. The opening-price condition is specified as within 5% above or below the average. The post describes the rule as a simple combination of technical filters and an exchange-board exclusion, and gives formula examples for implementing it in screening tools.

The document offers no backtest, performance statistics, or evidence that the conditions predict returns. It warns that the screen may miss popular sectors or leading stocks and may omit relevant drivers of price behavior. Suggested refinements include adding price-change and market-cap filters, combining indicators, or relaxing thresholds to broaden the candidate set. These suggestions are not evaluated, and the post does not define a holding period, entry or exit rules, or risk controls.

Key ideas

• The screen requires turnover from 3% through 12%.
• The opening price must be within 5% of the 10-day moving average.
• Stocks listed on the STAR Market are excluded.
• The post gives implementation examples but provides no tested performance evidence.
• It notes that the filters can overlook sector leadership and other influences on stock prices.

Tags

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