Screening Chinese Stocks by Amplitude, Float, and Circulating Value

Summary

This Chinese stock-screening proposal selects shares using three conditions: price amplitude above 1, free float no greater than 5.5 billion shares, and circulating market value above 10 billion yuan. The article frames the filters as a way to find volatile stocks with a moderate share float and meaningful market value, and describes the intended horizon as short to medium term. It provides example indicator-formula and Python-style logic, with turnover rate used to rank qualifying names and select a portion of the available list.

The article warns that market-wide conditions and company-specific events can affect results, and that the filters may overlook fundamentals and financial quality. It suggests adding fundamental, sector-specific, capital-flow, or other technical filters. No backtest, return series, transaction-cost analysis, or evidence of predictive performance is supplied, so the screen is a proposed selection rule rather than a validated strategy.

Key ideas

• The screen combines an amplitude threshold with limits on free float and a minimum circulating market value.
• The example logic intersects stocks meeting all three conditions and ranks them by turnover rate.
• The article proposes the rules for short- to medium-term stock selection.
• It cautions that market conditions, company events, and weak fundamentals can undermine the screen.
• No performance study is provided to validate the selection rules.

Tags

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