Screening Chinese A-Shares by Amplitude and Historical Dividends

Summary

This stock-selection proposal screens for shares with amplitude above a threshold and a 2019 dividend ratio above a threshold, while excluding Beijing-listed A-shares. Its stated rationale combines price movement, shareholder distributions, and a geographic filter, with the idea that greater amplitude may offer more trading opportunities and dividends may indicate cash returned to investors.

The post acknowledges that excluding a region narrows the opportunity set and that emphasizing dividends may neglect growth and company value or constrain reinvestment. It suggests reducing the geographic restriction and adding growth or valuation measures. The proposed final logic includes those additional measures conceptually, but does not specify their thresholds. The post supplies example screening expressions, not performance results; it does not validate the thresholds, define a complete portfolio or rebalancing process, or test whether the selection rules outperform a benchmark.

Key ideas

• The screen combines a price-amplitude threshold, a 2019 dividend-ratio threshold, and exclusion of Beijing A-shares.
• The post argues that higher amplitude may create more trading opportunities and dividends may represent shareholder returns.
• Geographic exclusion can omit opportunities, while dividend emphasis may overlook growth and value.
• The author recommends adding growth and valuation criteria but does not define their thresholds.
• No backtest or evidence of investment performance is presented.

Tags

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