Chinese Stock Screening with Turnover, Three Down Days, and Dividend Ratio

Summary

This note describes a Chinese equity screen requiring turnover within a stated range, three consecutive declining sessions, and a 2019 dividend ratio above a specified threshold. It combines a trading-activity filter with a short-term price pattern and a historical fundamental measure. The article gives brief formula and Python examples, including a historical-data query and a lookup for company profit information, to illustrate how candidates might be gathered.

The rationale is limited to combining turnover, technical shape, and dividend information; the note does not explain why the particular thresholds or historical year should predict returns. It provides no backtest, performance figures, or comparison with alternative screens. The author warns that the approach omits funding flows, policy conditions, and broader economic influences, and suggests adding such information. The code also checks sequential closing-price declines, which may differ from the prose term for three bearish candlesticks. That distinction, along with the use of historical dividend data, should be resolved when interpreting or reproducing the screen.

Key ideas

• The screen combines a turnover range, three successive declining closes, and a historical dividend-ratio condition.
• The method mixes a market-activity filter, a short-term price pattern, and a fundamental data point.
• The article provides code sketches but no backtest results or evidence of predictive performance.
• The code's declining-close test may not be equivalent to three bearish candlesticks.
• The author suggests adding capital-flow, policy, and economic information.

Tags

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