Screening 2021 IPOs by Turnover and Float Size

Summary

This document describes a Chinese equity screen for stocks listed in 2021, with turnover between 3% and 12% and tradable share capital no greater than 5.5 billion shares. It gives a platform formula and a Python example that retrieves listed stocks, applies float and turnover filters, then checks recent price data for positive change.

The author characterizes the screen as simple and operational but warns that it leaves out other fundamental and technical conditions, and that float size can be affected by market conditions and institutional activity. Suggested additions include valuation, leverage, MACD, and KDJ measures. No backtest, return analysis, or evidence of predictive value is supplied, and the example's extra recent-price check is not part of the stated final screening rule.

Key ideas

• The main screen targets 2021 listings with turnover from 3% to 12% and a limited float.
• The code example adds a recent positive price-change condition after applying the main filters.
• The document notes that the criteria omit broader fundamental and technical context.
• No performance evidence is presented for the screen.

Tags

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