Comparing Chinese Industry Turnover Share and Relative Returns
Summary
This project specification proposes analyzing primary-level Shenwan industry indices over a chosen date range. At five-trading-day intervals, it would calculate each industry’s share of total A-share turnover and its excess return relative to the CSI 300. For both measures, the requested output includes historical highs and lows, the latest value, and the latest value’s historical percentile, with industries ranked by that percentile.
A separate view would plot turnover share and excess returns for one selected industry in two charts. The specification defines the latest observation using the most recent five trading days, with a shorter window when fewer trading days are available at the start or end of the range. It proposes sampling every five sessions to reduce computational load and separating the charting program from the summary calculations. This is a feature request, not a completed analysis: it provides no results, investment interpretation, or evidence that either measure predicts future returns.
Key ideas
- The proposed analysis measures each industry’s turnover as a share of total A-share turnover.
- It compares five-day industry returns with five-day CSI 300 returns to calculate excess returns.
- Historical percentiles, current readings, and extrema would be reported and ranked.
- A separate charting program would display the two measures for a selected industry.
- The document specifies a tool but offers no predictive evidence or completed results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.