Screening Chinese Stocks by Range, Ten-Day Return, and Price

Summary

This post describes a Chinese equity screen that selects stocks with daily amplitude above 1%, a positive but below 35% ten-day return, and a price under 12. It explains the intended rationale: seek active stocks that have risen without an extreme recent gain, while favoring low-priced shares. The post also suggests adding positive price-to-earnings and price-to-book ratios, technical indicators, and industry research to broaden the assessment. A reference formula and a Python example illustrate screening, sorting candidates by popularity, and applying the filters.

The document provides no backtest results or evidence that the criteria predict returns. Its discussion acknowledges that low share prices do not establish company value or sound fundamentals, and that low-priced stocks can carry unstable profitability and higher risk. The example code and formula are implementation references; their presence does not validate the strategy, and the suggested filters would need explicit definitions and testing before use.

Key ideas

• The screen combines daily amplitude above 1%, a positive ten-day return below 35%, and a share price under 12.
• The post proposes positive valuation ratios and technical indicators as additional filters.
• It warns that a low share price alone says little about intrinsic value or fundamentals.
• No performance test is provided to establish whether the screen has an advantage.

Tags

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