Chinese Stock Screening by Intraday Range, Dividend Yield, and Heat

Summary

This note describes a Chinese equity screen that selects stocks with an intraday range above 1% and a stated 2019 dividend ratio above 25%, then orders them by individual-stock heat. It presents range as a measure of price activity, the dividend condition as a yield-oriented filter, and heat ranking as a way to surface currently popular names. The document includes example indicator and Python logic, but does not provide a backtest, performance evidence, or a precise, consistently defined heat measure.

The screen may miss company fundamentals, sector conditions, and changes in market attention; high heat can fade, and a historical dividend measure may not indicate future payouts. The note proposes adding volume, valuation, profitability, and macro or sector analysis, alongside portfolio allocation and risk controls. Its code examples illustrate implementation rather than validated results, and the written logic and data references may not align exactly.

Key ideas

• The screen filters for intraday range above 1% and a 2019 dividend ratio above 25%.
• It ranks qualifying stocks by an individual-stock heat measure.
• The note warns that popularity can shift and the screen may omit important company and sector factors.
• It suggests adding volume, valuation, profitability, and risk controls.

Tags

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