Metaverse Stocks Screened by Turnover, Market Cap, and Profitability

Summary

This note proposes screening Chinese equities in the metaverse theme using yesterday's turnover increase, a market-cap ceiling of 10 billion, and profitability filters. Its final stated rules also require positive net income, positive return on equity, and positive three-year net-profit growth. The accompanying formula describes yesterday's turnover as more than 8%, though it expresses this as a volume-price ratio rising by over 8% from the prior period.

The article offers indicator and Python examples rather than measured results or a backtest. The code's ranking step and selection of a fraction of candidates do not exactly match the stated threshold, and the described thematic classification may not uniquely identify metaverse firms. The note cautions that theme and liquidity conditions can reflect market sentiment, that a narrow hot-sector focus can miss stronger firms elsewhere, and that financial data and listing history should be checked. It suggests adding valuation, growth, and competitive-strength measures, while acknowledging that such filters still require validation.

Key ideas

• The proposed universe is metaverse-related Chinese equities with market capitalization below 10 billion.
• The stated turnover condition is an increase greater than 8% from the previous period.
• The final screen adds positive net income, positive ROE, and positive three-year net-profit growth.
• The article supplies example code but no backtest or evidence of strategy performance.
• Its sample code's ranking and selection step differs from the stated turnover threshold.

Tags

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