Chinese Stock Screening with Trading Range and Dividend Yield Filters

Summary

This Chinese equity screening note combines three filters: daily amplitude above a stated threshold, a 2019 dividend ratio above 25%, and exclusion of STAR Market stocks. It argues that larger price ranges identify more volatile shares, while high dividends and excluding newer technology listings may favor established companies. The note also suggests adding valuation, return on equity, dividend stability, industry context, and technical indicators such as MACD or KDJ to broaden the assessment.

The article provides sample indicator and Python implementations, but no backtest results or performance evidence. Its examples and description do not align perfectly: the formulas express amplitude as a fraction and use an IPO-age test as a proxy for market-board exclusion, which may not reliably identify STAR Market listings. The author also cautions that these simple filters cannot capture company condition or future prospects, and that non-STAR stocks can still be weak or near delisting. The screen is therefore a starting point, not a complete investment method.

Key ideas

• The screen combines an amplitude threshold, a 2019 dividend-ratio threshold, and a restriction intended to exclude STAR Market stocks.
• The note presents higher amplitude as a way to select more volatile shares and dividend yield as a stability-related filter.
• It recommends adding company fundamentals, industry information, and technical indicators for a broader evaluation.
• No empirical performance results are reported, and the listed criteria do not constitute a full investment strategy.

Tags

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