Screening Beverage and Alcohol Import-Export Stocks by Turnover and Range

Summary

This Chinese equity screen selects stocks in a beverage and alcohol import-export sector, with turnover between 3% and 12% and a daily price range above 1%. The document describes the sector condition through a sector code and expresses the range test using the day’s high and low prices; its example implementation combines those conditions with a turnover filter. The rule is a cross-sectional selection screen, not a complete entry, exit, or portfolio strategy.

The article suggests that sector focus and a larger daily range may capture active stocks, but it offers no supporting performance analysis. It cautions that sector conditions and volatility can change, that the range measure may mislead, and that fundamentals are omitted. Suggested refinements include considering company competitiveness, stability, and revenue, and adapting the threshold to intraday momentum or broader market conditions. No backtest, risk controls, or evidence of returns is reported.

Key ideas

• The screen requires beverage and alcohol import-export sector membership, turnover from 3% to 12%, and a daily range above 1%.
• The range condition is calculated from the session high and low.
• Sector and range filters alone do not assess a company’s fundamentals.
• The article notes that the volatility threshold can mislead and may need adjustment to market conditions.
• No backtest or performance results are supplied.

Tags

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