Screening A-Shares by MACD, Beverage and Alcohol Industry, and Dividends
Summary
This A-share screening example combines three conditions: a positive MACD reading, membership in the beverage and alcohol industry, and a dividend ratio above 25% for 2019. The note also shows a portfolio routine that selects from a large-cap index universe, distributes portfolio value across eligible names, and exits a holding if its price falls below a stated fraction of cost basis. Thus, the example includes both a stock filter and basic position management.
The document offers formulas and code as implementation examples, but reports no backtest or live performance evidence. It cautions that MACD can misread trends, an industry label is only a rough proxy, and a single historical dividend measure omits other financial information. The use of a fixed past-year payout criterion also means the screen may not describe current dividend capacity. The proposed additions—more indicators, fundamental analysis, and sector allocation—are suggestions rather than evaluated improvements.
Key ideas
- The screen combines positive MACD, beverage and alcohol industry membership, and a 2019 dividend ratio above 25%.\nThe code example restricts candidates to a large-cap index universe.\nThe portfolio routine allocates across selected names and includes a cost-based exit condition.\nThe document provides implementation examples without performance testing.\nHistorical dividends and industry classification may not capture current fundamentals or risk.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.