Chinese Stock Screening with Dividend History and Auction Order Flow
Summary
This stock-selection proposal screens for shares with an amplitude above 1, a dividend ratio above 25% in 2019, and positive price change associated with large buying orders during the auction. It also specifies that the combined very-large-order buy volume exceed 0.7 ten-thousand units. The article interprets the filters as proxies for volatility, past shareholder distributions, and buying interest, and includes an illustrative outline for applying related checks to Chinese equities.
No backtest or measured returns are reported, so the proposed relationships are not validated as a profitable strategy. The article cautions that historical dividends and auction order activity do not establish stable fundamentals or future price performance. It recommends ongoing monitoring and proposes diversification, profit protection, and additional technical or fundamental criteria. The code also contains extra screening conditions, underscoring that an implementation may differ from the short strategy description.
Key ideas
- The screen combines daily price amplitude with a 2019 dividend ratio threshold.
- It requires positive price change during auction buying and a minimum very-large-order buy volume.
- The article provides no backtest or evidence that the filters predict future returns.
- Past dividend distributions and auction order flow cannot guarantee financial stability or lasting price strength.
- Diversification and further fundamental or technical measures are suggested as possible safeguards.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.