Screening Chinese Stocks by Price, Daily Range, and Listing Age

Summary

This document describes a Chinese equity screen using three conditions: daily amplitude above 1%, a closing price of 18.5 yuan, and more than one year since listing. It presents the screen as a way to find active stocks while excluding recent listings, and includes example formula and Python implementations. The code also applies additional filters, such as market classification and recent price movement, so its practical selection rules do not match the three stated conditions exactly.

The article gives no backtest results or evidence that the screen predicts short-term gains. It cautions that price and amplitude can shift with market conditions and that the screen omits company financials and other market factors. It suggests adding fundamental and technical measures or reducing exposure to limit risk. The fixed price threshold and unspecified treatment of changing market regimes may limit how broadly the method applies.

Key ideas

• The screen requires daily amplitude above 1%, a price of 18.5 yuan, and a listing age greater than one year.
• The article frames listing age as a way to avoid newly listed stocks.
• The provided code includes extra filters beyond the three headline criteria.
• The article reports no performance test and warns that price and amplitude alone do not establish long-term value.

Tags

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