Filtering Stocks by Turnover, Rising DEA, and Low Price

Summary

This stock screen combines three conditions: turnover between 3% and 12%, a rising DEA indicator, and a low price threshold. Its accompanying formula describes DEA through moving-average relationships, while the Python example calculates the indicator and checks that it is increasing. The price test uses the session low below 12 yuan, so the implementation is more specific than a generic current-price filter.

The document offers no backtest, performance evidence, or rules for portfolio construction and execution. It cautions that technical and price filters omit fundamentals, and suggests adding valuation measures such as earnings or book multiples for further screening. A low nominal share price alone does not establish that a stock is undervalued; the screen is a candidate-selection heuristic requiring additional analysis.

Key ideas

• The screen selects stocks with turnover from 3% through 12%.
• It requires the DEA indicator to be rising, using moving-average relationships in the formula example.
• The price condition is a session low below 12 yuan.
• The screen has no fundamental valuation test or reported performance evidence.

Tags

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