Chinese Stock Screening by Turnover, Float Value, and Weekly Price Strength

Summary

This Chinese equities selection rule screens for turnover between 3% and 12%, a circulating market value between 5 billion and 10 billion yuan, and a positive weekly price bar. The document presents these filters as a way to focus on actively traded stocks within a mid-sized float-value range that have recently shown upward price movement. It includes formula and Python examples for identifying candidates.

The stated caveat is that a positive weekly bar may offer limited information when the broader market is falling, and a short-term rise does not establish future potential. The author suggests combining the screen with market, sector, and fundamental analysis. The example implementations are inconsistent: the Python sample does not explicitly apply the stated turnover and weekly-bar tests, and its price changes appear to use the latest observations. No backtest or performance evidence is supplied, so the rule remains an unvalidated screen.

Key ideas

• The proposed screen combines turnover, circulating market value, and a positive weekly bar.
• The stated ranges are 3% to 12% turnover and 5 billion to 10 billion yuan in float value.
• A rising weekly bar may be less useful when the broader market is declining.
• The examples do not consistently implement all of the stated conditions.
• The document provides no measured strategy results.

Tags

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