Chinese Stock Screening with Price Trends and Revenue Growth

Summary

This document describes a Chinese A-share screening rule that combines daily price movement, a moving-average trend filter, and reported revenue growth. It selects stocks whose amplitude exceeds a threshold, whose 20-day moving average is above the 120-day average, and whose 2021 revenue is more than 1.1 times 2018 revenue. The post explains the filters as a way to find active stocks in an uptrend with business growth, and offers example implementations using a screening formula and Python data retrieval.

The examples are illustrative rather than a tested strategy: the document provides no backtest, comparison benchmark, or evidence that the filters predict returns. It warns that relying on a short revenue comparison and omitting valuation, profit growth, and other fundamentals can give an incomplete view. It suggests combining more financial and technical measures and adjusting the rule to the investor’s needs and risk tolerance.

Key ideas

• The screen combines a price-amplitude threshold, a 20-day versus 120-day moving-average comparison, and multi-year revenue growth.
• The moving-average condition is intended to favor stocks with an upward price trend.
• The revenue ratio is used as a basic growth filter, but it does not capture a company’s full long-term prospects.
• The document recommends considering valuation and other financial measures alongside the screening conditions.
• The examples are implementation references and provide no performance validation.

Tags

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