Screening Chinese Stocks by Daily Range and Historical Dividends

Summary

This post describes a stock screen combining three conditions: daily high-low range above 1% of the prior close, a code beginning with 60, and a 2019 dividend ratio above 25%. It explains the range filter as a way to select more volatile stocks, the code prefix as a market-specific restriction, and the dividend condition as a historical payout filter. It includes examples of implementing the conditions in a screening formula and a Python workflow using market data.

The author notes that high volatility does not imply favorable performance, the code restriction excludes other stocks, and a high dividend ratio alone does not establish company quality. The post suggests adding fundamentals and technical indicators, but gives no backtest, return data, or evidence that the combined screen works. Its dividend measure is tied to 2019, so the selection should not be mistaken for a current or forward-looking dividend assessment.

Key ideas

• The screen requires a daily high-low range greater than 1% of the previous close.
• It restricts candidates to stocks whose codes begin with 60 and whose 2019 dividend ratio exceeds 25%.
• The post provides formula and Python examples for applying the filters.
• The author cautions that volatility and a high historical payout do not establish stock quality or future performance.
• No backtest or performance evidence is provided for the screen.

Tags

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