Screening Chinese Stocks by Intraday Range, Dividend Yield, and Limit-Down Match Price

Summary

This stock-selection idea combines three filters: an amplitude threshold above 1%, a dividend yield above 25% for 2019, and a prior-day 9:15 matching price at or below the lower price limit. The source describes the range measure as a volatility-related condition and presents the dividend and limit-down filters as fundamental and market-risk signals. It also includes example implementations in indicator and Python syntax, though the data fields and calculations are not independently validated in the text.

The article warns that the strict screen may produce few candidates, including stocks that have already fallen substantially. It also notes that relying on the prior matching price alone can miss other market risks. Suggested improvements include adding broader risk and industry analysis, making the conditions and trading frequency more flexible, and pairing selection with allocation and risk controls. No backtest results or evidence of profitability are provided, so the proposed rationale should not be read as validation of the screen.

Key ideas

• The screen requires an intraday amplitude above 1%, a 2019 dividend yield above 25%, and a prior 9:15 matching price at the lower limit.
• The source presents the filters as a combination of price behavior, dividends, and a recent risk signal.
• Strict conditions may narrow the candidate pool and select stocks after a large decline.
• The article recommends broader risk and industry analysis alongside portfolio and risk controls.
• The document supplies example code but no reported performance test.

Tags

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