Metaverse Stocks Near the 10-Day Average Excluding Beijing Listings

Summary

This note describes a simple Chinese equity screen: select stocks classified in the metaverse industry whose opening price is near the 10-day moving average, while excluding Beijing-listed shares. The accompanying indicator example instead compares the close with a band around its 10-day average, whereas the Python example checks the open against that average. Both examples use a tolerance of about five percent, so the operational definitions are not fully consistent. The note provides no backtest, performance data, or evidence that the screen predicts returns.

The author presents the industry label and short-term price position as the main selection criteria, then cautions that the method omits company fundamentals, broader market conditions, and longer-term trends. Excluding Beijing shares may also remove otherwise eligible companies, and the rationale for that geographic filter is speculative. The note recommends adding technical, macroeconomic, and fundamental measures before relying on the screen. Its discussion is introductory: it does not define a trading or exit rule, explain how to validate the filters, or establish that proximity to the moving average constitutes support.

Key ideas

• The screen targets metaverse-industry stocks whose opening price is near the 10-day moving average.
• It excludes Beijing-listed shares, although the note gives no tested justification for this filter.
• The indicator and Python examples apply different prices and tolerances, making the screen's exact definition inconsistent.
• The note warns that the screen omits fundamentals, market conditions, and longer-term trends.
• No backtest or performance evidence is provided.

Tags

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