Chinese Stocks Screened by Turnover, Profit Growth, and Weekly Trend
Summary
This note describes a stock screen combining turnover, parent-company net profit growth, and a weekly price trend. It selects shares with turnover between 3% and 12%, year-over-year net profit growth above 20% and no more than 100%, and a weekly close above its 30-week moving average. The text discusses combining fundamental and technical conditions and suggests adding further financial statement measures and indicators.
No backtest or performance evidence is reported. The note acknowledges that the rules use a limited set of fundamentals and rely heavily on a weekly technical signal. There are also differences between the written rule and the examples: one formula describes the weekly line crossing above its average, while the Python example checks only whether the latest close is above the average. The sample code also uses a fixed reporting period, so it does not establish how current or point-in-time financial data would be handled in a historical test.
Key ideas
- The screen combines a turnover range with a bounded year-over-year profit growth filter.
- It requires the weekly close to be above a 30-week moving average, though the text also describes a crossover.
- The note recommends considering broader financial statement data and other indicators.
- No strategy performance evidence is provided, and the example rules are not fully consistent.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.