Screening Chinese Stocks by Daily Range and 2019 Dividend Ratio

Summary

This article outlines a Chinese stock screen that excludes Beijing-listed shares, requires a daily high-low range above one percent, and selects companies with a 2019 dividend ratio above 25 percent. It offers example formula logic and partial Python code for filtering stocks by location, price range, and dividend data. The proposed rationale is to combine a short-term volatility condition with a historical payout measure when forming a candidate list.

No backtest, returns, risk-adjusted results, portfolio rules, or trade timing are reported. The article warns that one year of dividend data may not represent a company’s broader financial condition, that wide price swings can carry greater risk, and that macroeconomic conditions are omitted. The Python example is incomplete: it shows filters but leaves the final selection and returned stock codes unspecified, and the location exclusion appears inconsistent with the stated Beijing exclusion. The document suggests checking multiple years of payouts and adding financial and market factors, but does not test those refinements.

Key ideas

• The proposed screen excludes Beijing-listed stocks and requires a daily range above one percent.
• It also requires a 2019 dividend ratio greater than 25 percent.
• The article supplies formula references and partial Python filtering logic, but no completed trading system.
• No backtest or performance evidence is provided, and the screen does not specify entry or exit rules.
• The stated risks include dependence on a single year of dividends, volatility, and missing macroeconomic context.

Tags

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