Mainland China Stock Screen Using Turnover, Daily Gains, and Revenue Growth
Summary
This stock-selection screen targets main-board shares outside the STAR Market. It combines turnover between 3% and 12%, a daily gain above 1% relative to comparable stocks, and a ratio of 2021 to 2018 revenue greater than 1.1. The accompanying indicator and Python examples are intended to implement these filters, though their data fields and comparisons may not map cleanly to every stated condition.
The rationale is to pair recent trading activity and price strength with longer-term revenue expansion. The article says the screen may miss short-term pullbacks, long-term trends, and company-specific or industry changes. It suggests adding measures such as profit growth and leverage, and tailoring criteria to the investor. It provides no backtest, selection results, or evidence that the combination predicts returns; the rules are screening conditions rather than a complete entry, exit, or risk-management strategy.
Key ideas
- The screen combines a 3% to 12% turnover range with a daily rise above 1% and a relative-strength comparison.
- It restricts candidates to main-board stocks outside the STAR Market.
- It requires 2021 revenue to exceed 2018 revenue by a ratio greater than 1.1.
- The article identifies omitted price trends and company or industry developments as limitations.
- It offers no backtest or performance evidence for the screen.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.