Screening Chinese Stocks by Daily Range and Exchange Code

Summary

This Chinese equity screen selects stocks with a daily high-to-low range greater than 1% of the opening price, whose codes begin with 60, while excluding Beijing-listed shares. The article provides example formula and Python references and describes the range filter as a way to focus on stocks with larger price movement. The code example also sorts candidates by a five-day moving average of closing prices.

The selection rules are simple and the document supplies no backtest, evidence of profitability, or detailed interpretation of the exchange-code filter. It cautions that excluding Beijing-listed shares may omit worthwhile companies and recommends combining the screen with additional technical and fundamental analysis. It also mentions policy and market risks, though it does not explain how the code-based exclusion measures those risks. The examples include date handling and sorting choices that users should validate against their own data and intended ranking method before relying on the output.

Key ideas

• The screen requires a daily high-to-low range greater than 1% of the opening price.
• It limits candidates to stocks with codes beginning with 60 and excludes Beijing-listed shares.
• The code example ranks qualifying stocks using a five-day closing-price moving average.
• The document provides no performance evidence, and the exchange exclusion may omit viable stocks.

Tags

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