Screening Chinese Robot-Themed Stocks with Volume and Range Filters

Summary

This document presents a Chinese equity selection screen combining a daily price range condition, robot-industry concept membership, a market capitalization ceiling, and a relative-volume band. The final criteria require range above 1%, circulating market value below 10 billion yuan, and volume relative to its 10-period average between 1.5 and 6. The article also gives example implementations in screening formula syntax and Python, with selection ordered by a heat ranking.

The stated rationale is to find actively traded stocks with the chosen industry exposure and size constraint. The article warns that relative volume can be distorted by large orders and may not reflect a company's fundamentals; the filters may also exclude lower-volume companies with strong fundamentals. It suggests supplementing the screen with fundamental or technical factors and adjusting the volume threshold. No backtest results or performance evidence are provided, so the screen should be treated as a candidate-generation rule rather than a validated strategy.

Key ideas

• The screen selects robot-concept stocks with daily range above 1% and circulating market value below the stated ceiling.
• Relative volume must be above 1.5 and below 6 compared with a 10-period average.
• The proposed screen targets active trading but does not establish that selected stocks will outperform.
• Large orders can distort relative volume, and low-volume fundamentally strong stocks may be missed.
• The article suggests adding other filters, but gives no backtest evidence for the strategy.

Tags

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