Screening Chinese Beverage and Alcohol Importers by Daily Range

Summary

This note describes a Chinese equity screen that selects beverage and alcohol import-export companies in 2021 when the daily high-to-low range exceeds 1% of the low. The stated rationale is that larger ranges may indicate volatility and return potential, while the date and industry filters define the universe being examined.

The document provides indicator logic and sample data-processing code, but reports no backtest, selected stocks, or performance evidence. It cautions that the screen omits other fundamental considerations, including valuation, and that industry conditions may be affected by policy and other external factors. It suggests adding company financial measures and researching longer-term industry trends. The screen is therefore a narrow candidate-selection rule rather than evidence of a profitable strategy.

Key ideas

• The screen requires a daily high-to-low range greater than 1% of the low price.
• It limits candidates to beverage and alcohol import-export stocks during 2021.
• The document offers no performance results or backtest evidence.
• It identifies missing valuation and other fundamentals as limitations.

Tags

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