Chinese Stock Screening by Turnover, Dragon-Tiger Listings, and Trading Value

Summary

This stock screen selects shares with a turnover ratio between 3% and 12%, a previous-day Dragon-Tiger List appearance, and previous-day trading value above 60 million yuan. The article presents these conditions as a way to find actively traded stocks that have attracted market attention, then says to combine the screen with fundamental and trend analysis before trading.

It gives indicator-style conditions and a brief data-filtering example, but provides no backtest, performance figures, or rules for entries, exits, or position sizing. The author cautions that trading value and high turnover do not establish business quality or a stable uptrend. The stated selection logic is also inconsistent: its final prose omits the 3% minimum turnover condition included in the initial criteria and example. Results therefore depend on which version is implemented, and the screen alone is not a complete strategy.

Key ideas

• The initial screen requires turnover between 3% and 12%, a previous-day Dragon-Tiger List appearance, and trading value above 60 million yuan.
• The article recommends adding fundamental and trend analysis to the activity-based filters.
• High trading value and turnover do not establish stock quality or a durable trend.
• The final prose omits the initial minimum turnover threshold, creating ambiguity in implementation.

Tags

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