Screening Chinese Stocks by Intraday Range and Share Price

Summary

This document describes a simple Chinese equity screen that selects stocks with an intraday high-low range above 1% and a closing price of 18.5 yuan, while excluding Beijing-listed A shares. It presents the screen as a way to find relatively volatile stocks at a specified price level. The accompanying discussion suggests adding fundamental, industry, and market-trend analysis, then setting profit-taking and stop-loss rules.

The evidence is a rules-based description and example implementation, not reported performance or a tested result. The rationale offered for excluding Beijing shares is that local economic policy may affect those companies. The screen is highly specific and omits details such as data timing, transaction costs, and how the price condition should be interpreted across trading sessions. The document itself cautions that relying on only a few criteria can overlook fundamentals and broader market conditions.

Key ideas

• The screen requires an intraday range above 1% and a closing price of 18.5 yuan.
• It excludes Beijing A shares based on a proposed regional policy exposure rationale.
• The document recommends supplementing the screen with fundamental, industry, and trend analysis.
• It proposes using profit-taking and stop-loss rules to manage risk.
• No backtest or performance evidence is provided.

Tags

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