Screening Chinese Stocks by Revenue Growth, Range, and Opening Price Move

Summary

This document outlines a Chinese equity screen using three conditions: price amplitude above 1, a 9:25 price increase below 6%, and recent revenue at least 1.1 times the 2018 revenue figure. It frames the revenue comparison as a growth filter and combines it with price movement conditions. A formula reference and a Python example illustrate how the author intends to retrieve data and select qualifying stocks.

The evidence is a rule description and implementation examples; the article does not report a backtest, measured returns, or comparisons with a benchmark. It warns that the screen leaves out factors such as management stability and exposure to policy or market changes, and that using historical revenue can make the signal lag current conditions. The code’s amplitude calculation uses a recent window of daily highs and lows, while the stated rule simply says amplitude above 1, so the intended definition and units should be checked. The author suggests incorporating industry information and adjusting for changing market conditions.

Key ideas

• The screen combines a price amplitude threshold with a cap on the 9:25 price move.\nIt compares recent trailing revenue with revenue from 2018 and requires a ratio of at least 1.1.\nThe document offers formula and Python examples but no reported performance evidence.\nHistorical financial data may create a lag, and broader company and policy risks are not captured.\nThe sample amplitude calculation should be checked against the stated screening rule.

Tags

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