Chinese Stock Screening by Turnover, Ten-Day Return, and Float Ratio

Summary

The document describes a Chinese stock screen that selects shares with turnover between 3% and 12% and a positive ten-day gain below 35%, then ranks qualifying names by circulating market capitalization divided by total market capitalization. It presents the ratio as a measure of capital strength and suggests using it alongside company quality, financial condition, and market prospects.

The article includes a screening expression and a Python example intended to illustrate the filters and ranking. It gives no performance results or validation showing that the screen identifies stronger companies. Its own caveat is that the float-to-total capitalization ratio is only one consideration and can change with market conditions; relying on it alone may overlook other factors. The example code also uses historical daily data and contains implementation details that do not clearly match the stated ten-day return and turnover criteria, so its output should not be treated as verified evidence of strategy performance.

Key ideas

• The screen restricts turnover to the stated range and requires a positive ten-day return below the stated ceiling.
• Qualifying stocks are ranked by circulating market capitalization relative to total market capitalization.
• The article proposes combining this ratio with company and market analysis.
• It offers no backtest or other evidence of profitability, and the provided example may not implement every stated condition consistently.

Tags

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