Filtering Shenzhen Metaverse Stocks by Turnover, Valuation, and ROE

Summary

This stock screen combines a metaverse classification with high prior-day turnover, Shenzhen main-board listing, valuation caps, and a return-on-equity threshold. The stated final criteria use turnover above 8%, price-to-earnings between zero and 29.01, price-to-book no higher than 3.11, and ROE above 15%. The accompanying explanation treats turnover as a sign of recent trading activity and the valuation ratios as basic filters for selecting stocks that may appear reasonably priced.

The document gives formula references and illustrative selection code, but it does not report a backtest, performance results, or evidence that the filters predict returns. It also flags the limited use of financial and valuation measures and suggests adding profitability and technical indicators or data-driven analysis. The code further ranks selected names by recent price change and keeps a fraction of them, a step not included in the final stated screening logic. These thresholds are therefore a screening recipe, not a validated investment strategy.

Key ideas

• The screen targets metaverse stocks on the Shenzhen main board.
• It applies a prior-day turnover threshold alongside price-to-earnings and price-to-book limits.
• The final selection criteria add a minimum return-on-equity requirement.
• The document provides implementation references but no evidence of backtested performance.
• It recommends broader fundamental and technical inputs to address the screen's limited coverage.

Tags

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