Combining Moving-Average Convergence, Ex-BJSE Scope, and Dividend Screening

Summary

This proposal screens A-shares outside the Beijing market for a high 2019 dividend ratio and a condition described as at least five overlapping moving averages. The author presents the moving-average condition as a sign of stable, closely grouped prices and the dividend filter as a way to identify companies returning substantial value to shareholders. The document also notes that market movements, technical indicators, and financial measures each have limitations.

It suggests adding profitability, growth, valuation, and other technical measures. The included code sketch does not clearly implement the stated condition: it calculates a single moving average and compares consecutive values, rather than defining and checking five distinct averages. It also leaves data handling and market exclusions underspecified. No backtest or performance evidence is given, and a historical dividend ratio alone does not establish future income or company quality.

Key ideas

• The proposed screen combines grouped moving averages, exclusion of Beijing-listed A-shares, and a 2019 dividend-ratio threshold.
• The document interprets clustered averages as a sign of stable, closely grouped prices.
• It identifies market, technical-analysis, and financial-analysis limitations.
• The code sketch does not clearly calculate five distinct moving averages or verify their overlap.
• No backtest or evidence of future performance is provided.

Tags

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