Screening Chinese Robot-Themed Stocks by Turnover and Order Book Imbalance

Summary

The article presents a Chinese equity screening rule for robot-themed companies. It selects stocks with turnover between 3% and 12%, first-level bid volume greater than first-level ask volume, and circulating market capitalization below 10 billion yuan. The stated rationale is to combine trading activity, a near-touch order book signal, a sector theme, and a smaller-company size constraint.

The article characterizes the resulting list as potentially useful for finding active, small-cap robot stocks, but supplies no backtest, return series, benchmark, or execution details to support that view. It cautions that the screen omits fundamental measures such as financial performance and may exclude attractive companies outside the chosen theme. Suggested refinements include adding financial and industry conditions and applying profit-taking or stop-loss controls. The screening statement is the substantive content; code and detailed implementation guidance are not provided.

Key ideas

• The screen requires turnover between 3% and 12% and greater displayed bid volume than ask volume at the best quotes.
• It limits candidates to robot-themed equities with circulating market capitalization below 10 billion yuan.
• The rule combines activity, order book imbalance, theme exposure, and company size.
• The article offers no performance evidence or execution specification for the screen.
• It recommends adding fundamental filters and trade-level risk controls.

Tags

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