Chinese Stock Screening with Turnover, Daily Gain, and Rising Average

Summary

This stock selection rule screens for shares with turnover between 3% and 12%, a daily gain above 1% relative to stocks in the same sector, and a 30-day moving average that is rising. It combines trading activity, recent relative price strength, and a short-term trend condition. The document also includes example platform formulas and a Python example that retrieves daily price history and applies related filters.

The screening logic is described as a way to identify stocks showing activity and upward price behavior, but no backtest, returns, or supporting performance evidence is presented. The examples are not fully equivalent: the Python sample checks whether the latest close is above its 30-day average and uses a positive daily return, rather than explicitly testing that the average itself is rising or applying the stated turnover band. The author notes that the rule uses few factors and may miss longer-term behavior, and suggests adding other fundamental, flow, or technical measures.

Key ideas

• The stated screen requires turnover between 3% and 12%, a daily gain above 1%, and a rising 30-day moving average.
• The daily gain condition is described relative to other stocks in the same sector.
• The accompanying Python example does not exactly implement every stated condition.
• The document gives no performance evaluation and warns that a small set of filters can leave selection risks.

Tags

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