Equity Screening with Price Range, Dividend Yield, and Weekly Momentum

Summary

This document describes a Chinese equity screen combining three conditions: a price-range measure above a stated threshold, a 2019 dividend-related ratio above a stated threshold, and a rising weekly moving average. The moving-average condition is further filtered by comparing its latest increase with recent variability. The post also offers example formula logic and Python-like pseudocode for applying the filters to stock data.

The rationale is to favor stocks with larger price movement, substantial shareholder distributions, and positive weekly trend. The article itself cautions that these signals omit broader company fundamentals and industry analysis, and that a rising weekly indicator does not ensure continued gains. It suggests combining the screen with fundamental and sector review and adapting it to market conditions. No universe definition, out-of-sample test, transaction-cost analysis, or performance evidence is supplied, and the dividend calculation and threshold conventions would need careful verification before implementation.

Key ideas

• The screen combines price range, a historical dividend-related ratio, and a rising weekly moving average.
• The weekly trend filter also requires the moving-average change to exceed a volatility-based threshold.
• The proposed signals do not replace fundamental or industry analysis.
• A positive weekly indicator is not a guarantee of future price appreciation.
• The document provides screening logic but no measured backtest or implementation validation.

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