Screening Chinese Stocks by Price Move, Convertible Bond Status, and Float Value

Summary

This note describes a Chinese equity screen combining a price-movement threshold, the presence of an outstanding convertible bond name, and a circulating market value band of 5–10 billion yuan. It presents the conditions as a way to combine short-term price behavior, company financing information, and company size. The accompanying discussion suggests adding valuation measures, technical indicators, sector research, and financial data before making decisions.

The page includes formula and Python examples, but their implementations do not consistently match the stated screen: one formula appears to test a decline, while the Python example uses the open-to-close change and does not implement the convertible bond condition. The note offers no backtest, performance evidence, or definition clarifying how the price movement threshold should be interpreted. It also cautions that this market-value range still includes varied companies and that smaller firms can carry higher market risk.

Key ideas

• The proposed screen combines a price-movement condition, outstanding convertible bond information, and a specified circulating market value range.
• The note recommends supplementing the screen with valuation, technical, sector, and financial analysis.
• The formula and Python examples differ from each other and do not fully implement the described conditions.
• The document provides no backtest results and cautions that the size range covers diverse firms.

Tags

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