Screening Chinese A-Shares by Range, Metaverse Theme, and Moving-Average Proximity

Summary

The post outlines a Chinese A-share stock screen based on daily price range, location, and theme. It first selects stocks whose high-to-low range exceeds one percent, excludes Beijing-listed stocks, and keeps companies identified with the metaverse theme. A proposed refinement keeps prices within two percent of a 60-period moving average. The accompanying example also ranks candidates using price-to-book and price-to-earnings changes relative to short moving averages, then filters for trading volume above its five-period average and adjusts the ranking by volume.

The author cautions that this logic omits company fundamentals and growth prospects, and that metaverse stocks may be volatile and uncertain. They suggest adding technical, financial, industry, and volume measures, although the sample scoring formulas do not fully show how to evaluate those factors. The post offers code as an illustration, not evidence of effectiveness: it reports no backtest, execution results, benchmark, or risk controls. Its screening rules should therefore be treated as a starting specification, not a validated trading strategy.

Key ideas

• The initial screen requires a daily high-to-low range above one percent, excludes Beijing stocks, and selects the metaverse theme.
• A proposed price filter keeps stocks within two percent of a 60-period moving average.
• The example adds valuation-related ranking adjustments and filters for volume above its five-period average.
• The post warns that the screen overlooks fundamentals and that the theme may be volatile and uncertain.
• No backtest results or evidence validate the example as a profitable strategy.

Tags

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