Mainland China Stock Screen Combining Volatility, Dividends, and Daily Gains

Summary

This screen selects main-board stocks using three conditions: intraday amplitude above 1%, a stated 2019 dividend ratio above 25%, and a daily gain above 1%. The reference formulas express amplitude as the high-low range relative to the open and calculate the daily move from open to close. The accompanying code examples illustrate screening, but the document's labels and implementation details do not consistently define the dividend measure or market universe.

The stated rationale is to combine active price movement, dividends, and current strength. The article warns that the rules omit broader fundamental and macroeconomic factors and that a single day's gain may not reflect changing trends. It suggests adding valuation and trend measures. No backtest, candidate list, or return evidence is supplied, and the screen does not specify holding, exit, or risk controls; its claims about steadiness or growth are not substantiated by results in the document.

Key ideas

• The screen requires amplitude above 1%, a 2019 dividend ratio above 25%, and a daily gain above 1%.
• The amplitude and daily gain examples use price ranges and open-to-close movement.
• The article acknowledges that the criteria omit wider fundamental and macroeconomic information.
• It proposes adding valuation and trend measures but reports no backtest or investment results.

Tags

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