Screening Chinese Alcohol Stocks by Volatility, Volume, and Industry
Summary
This stock screen combines price activity with an industry filter. It selects Chinese listed companies tied to beverage alcohol production, alcohol imports and exports, or related supply chains, provided they have an intraday amplitude above 1, current volume above 10,000 lots, and an opening price above the previous close. The document frames the screen as a way to find active, strong-opening stocks in an alcohol-related group.
It outlines indicator-formula and Python examples, but the examples do not fully align: the Python conditions use comparisons involving open and close and recent highs, rather than implementing the stated amplitude and volume thresholds. No backtest results or performance evidence are provided. The author flags concentration in the alcohol industry and exposure to policy and demand shifts as risks, and suggests adding valuation or technical measures. Those additions are proposals, not tested improvements.
Key ideas
- The screen requires amplitude above 1, current volume above 10,000 lots, and a gap up from the previous close.
- It narrows candidates to companies connected to alcohol production, trade, or related industries.
- Industry concentration exposes the selection to alcohol-sector policy and demand changes.
- The provided formula and Python example do not implement identical conditions, so the intended rules need reconciliation.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.