Robot-Concept Stock Screen by Range, Turnover, and Market Cap

Summary

This proposed equity screen selects stocks associated with the robotics concept, with daily high-low range above one percent, circulating market capitalization below ten billion yuan, and turnover between two and nine percent. The article explains the turnover band as an attempt to find stocks with some trading activity while avoiding shares it considers either overheated or neglected. It also gives example formula and Python-style screening logic, including a heat-based ranking.

The post characterizes these filters as a starting point and acknowledges that turnover and market heat are imperfect measures, while omitted factors can create longer-term risk. It recommends adding financial data and technical indicators to broaden the screen. The sample implementation applies the range condition across available observations, which may differ from a single-day interpretation. No backtest or return evidence is supplied, and the screen does not establish that the selected characteristics predict performance.

Key ideas

• The screen combines a robotics concept classification with a minimum daily price range.
• It constrains circulating market capitalization and turnover to specified bands.
• The article presents turnover as a proxy for moderate trading interest, while noting that it is imperfect.
• Additional financial and technical filters are suggested to broaden the selection process.
• No backtest or evidence of profitability is reported.

Tags

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