Chinese Stock Screen Using Turnover, Trading-List Appearance, and Opening Gap

Summary

This Chinese equity screening proposal combines a turnover band of 3% to 12%, an appearance on the prior day’s trading list, and a constrained opening move. The text’s prose says the opening change should be above -2% and below 5%, while its formula and sample filter instead encode a positive gap between 2% and 5%. That conflict makes the intended opening condition uncertain. The post offers a rationale based on active trading and possible concentrated investor activity, but supplies no backtest or performance results.

The author warns that the conditions emphasize short-term price behavior and omit company fundamentals and industry context; the narrow filters may also return few stocks. Suggested improvements include adding indicators and financial or macroeconomic analysis. The example code is a screening illustration, not evidence of a tested trading system, and no entry, exit, or risk-sizing method is defined. Anyone interpreting the screen would first need to resolve the opening-gap discrepancy.

Key ideas

• The proposed screen uses turnover between 3% and 12% and a prior-day trading-list appearance.
• The opening-gap condition conflicts: the prose specifies a range from -2% to 5%, while the examples use 2% to 5%.
• The post treats turnover and list appearance as indicators of activity and potential concentrated interest.
• It cautions that fundamental and industry context are missing and that few stocks may qualify.
• No backtest or trading rules are provided.

Tags

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