Screening Chinese Robot Stocks by Turnover, Float Value, and Convertible Bonds

Summary

The document describes a Chinese equity screen combining daily turnover of 3%–12%, membership in a robot-related concept, circulating market value below 10 billion yuan, and a nonempty name for an outstanding convertible bond. The listed implementation also filters for stocks opening at or above the prior close, then ranks qualifying names by a heat measure. It illustrates the screen with references to a market data API and a stock selection platform.

The author presents the convertible-bond condition as an extra filter that may narrow the universe, and notes that relying on these criteria alone can miss relevant company and valuation information. Suggested refinements include adding financial measures such as valuation ratios and return on equity, while potentially relaxing the bond condition to broaden coverage. The document provides no performance results or validation evidence, and the sample code’s field definitions and units would need checking before use.

Key ideas

• The screen targets robot-concept stocks with turnover between 3% and 12% and circulating value below 10 billion yuan.
• It requires an outstanding convertible bond with a nonempty short name.
• The example also selects for an opening price at or above the previous close and orders candidates by a heat measure.
• The author cautions that the screen omits other potentially important company fundamentals.
• Adding financial measures or relaxing the bond requirement are proposed ways to refine coverage.

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