Chinese Stock Screening by Turnover, Float Value, and the 10-Day Average

Summary

This note describes a Chinese equity screen that selects stocks with turnover between 3% and 12%, circulating market value between 5 billion and 10 billion yuan, and an opening price between the current and previous 10-day moving averages. It presents the turnover and market-value bands as measures of trading activity and company size, then uses the opening-price condition as a short-term technical filter. Formula and Python examples show how the conditions could be applied.

The article argues that adding a price-trend condition gives the screen more technical context than relying only on prior trading-list membership. It warns that an opening price near the moving average can still be affected by short-term fluctuations and recommends combining technical filters with measures such as relative strength and valuation. No backtest results or investment outcomes are reported. The prose describes the opening price as being near the average, while the formula expresses a specific interval relative to two moving-average values; users should verify that this interpretation matches their intended rule.

Key ideas

• The screen combines turnover from 3% to 12% with circulating value from 5 billion to 10 billion yuan.
• It filters for an opening price between the current and prior 10-day moving averages.
• The note frames turnover, size, and price position as complementary selection inputs.
• It cautions that short-term price movement can make the technical condition unstable.
• No performance results are provided, and the formula’s precise interval should be checked against the prose.

Tags

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