Combining Turnover, Earnings Growth, and MACD for Stock Screening

Summary

This proposed Chinese stock screen combines turnover, year-over-year growth in net profit attributable to parent-company shareholders, and a 15-minute MACD condition. It keeps stocks with turnover between 3% and 12%, profit growth above 20% and at most 100%, and a shrinking negative MACD histogram. The article presents the combination as a way to pair a fundamental growth filter with a short-term technical signal for medium-term selection.

The text warns that short-interval price signals can be volatile and that MACD is lagging and limited; it suggests checking longer histories, adding other indicators, and adjusting risk controls by market conditions. It supplies indicator and Python examples, but no backtest or performance evidence. The code’s data fields and conditions may not consistently implement the stated criteria, so the screen should be treated as a proposal rather than a validated strategy.

Key ideas

• The screen limits turnover to 3%–12%.\nIt requires year-over-year attributable net profit growth above 20% and no more than 100%.\nA 15-minute MACD histogram contraction supplies the technical condition.\nThe article notes that MACD can lag and short-term signals can be volatile.\nThe examples are not accompanied by backtest evidence and may not match the written rules exactly.

Tags

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