Chinese Stock Screening by Turnover, Profit Growth, and Price Amplitude
Summary
This Chinese stock screen combines three conditions: turnover between 3% and 12%, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no more than 100%, and price amplitude above 1. The document presents the conditions as a way to select stocks with trading activity, improving reported profitability, and some price movement. It includes example implementations for stock-screening platforms and Python, but does not provide a defined portfolio construction or entry and exit plan.
The accompanying discussion treats profit growth as a quality signal and amplitude as an indicator of short-term movement. It cautions that the screen omits valuation and dividend measures, and that amplitude may reflect temporary fluctuation rather than a lasting trend. The author suggests adding valuation, other technical or fundamental indicators, and volatility measures. No backtest results or evidence of predictive performance are supplied, and the examples leave details of data interpretation and implementation unclear; the screen should therefore be understood as a candidate filter rather than a validated trading strategy.
Key ideas
- The screen selects stocks with turnover from 3% through 12%.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.