Screening Beverage and Alcohol Stocks by Turnover and Prior-Day Top List

Summary

This Chinese equity screen combines a 3%–12% turnover range, a beverage-and-alcohol industry classification, and an appearance on the prior day’s market top list. The accompanying examples use top-list buying and turnover information, positive net buying, and daily turnover data to form the candidate set, while excluding stocks marked as ST. The stated rationale is to combine trading activity, industry exposure, and a recent market-attention signal.

The document supplies formula and Python examples but reports no backtest, return series, or evidence that the combined conditions forecast future gains. It cautions that a prior-day top-list appearance may not reflect the next session’s conditions. It suggests adding company fundamentals and broader market or macro context. Some formula expressions and the relationship among top-list conditions are not fully explained, so implementations may require data-field verification.

Key ideas

• The screen looks for beverage and alcohol stocks with turnover between 3% and 12% and a prior-day top-list appearance.\nThe Python example combines industry, top-list buying information, daily turnover, and an ST exclusion.\nNo performance evidence is supplied, and past top-list activity may not predict the next session.\nThe article recommends adding company fundamentals and broader market context.

Tags

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