Chinese Stock Screening with Price Shape and Dividend Filters

Summary

The document describes a Chinese equity screening rule combining an amplitude threshold, a rounded price pattern, and a 2019 dividend ratio above 25%. It gives a sample indicator formula that operationalizes the price-shape test with recent high-low ranges and includes conditions intended to constrain the signal to recent trading data. The accompanying discussion interprets the filters as seeking actively traded but relatively smooth stocks with substantial shareholder distributions.

The post offers no backtest, selected-stock examples, or performance evidence, so its claims about trading potential and lower risk are not demonstrated. It also acknowledges that technical filters can miss fundamental weaknesses and that high payouts may strain a company's finances. It recommends adding fundamental review and adapting thresholds to market conditions. The Python example is absent, and the rule is presented as a starting screen rather than a fully specified or validated investment strategy.

Key ideas

• The screen combines amplitude above one, a rounded price pattern, and a 2019 dividend ratio exceeding 25%.
• The sample formula approximates the rounded pattern by comparing recent high-low price ranges.
• The post provides no empirical results showing that the filters improve returns or reduce risk.
• It advises checking company fundamentals and considering market conditions alongside the technical criteria.

Tags

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