Screening Chinese Stocks by Turnover and Earnings Growth
Summary
This document describes a Chinese equity screen combining daily turnover with growth in net profit attributable to the parent company. It selects stocks with turnover between 3% and 12%, profit growth above 20% and up to 100%, and an earnings forecast for 2021. The accompanying examples show how to express the conditions in a stock selection formula and in a Python workflow, then sort matches by turnover.
The rationale is to combine a trading activity filter with company fundamentals and forecast information. The document cautions that forecasts can be inaccurate and do not guarantee future performance; the screen may also miss stocks moving on major news or sentiment. It suggests adding valuation, capital flow, other financial data, and industry context. No performance testing or evidence of returns is provided, and the code examples’ data fields and reporting periods would need verification before use.
Key ideas
- The screen combines a turnover range of 3% to 12% with parent-company net profit growth above 20% and no more than 100%.\nIt also requires an earnings forecast for 2021.\nThe examples implement the conditions in a stock selection formula and a Python data workflow.\nForecasts may be inaccurate, and the document provides no evidence of investment performance.\nValuation, capital flows, and industry context are suggested as additional filters.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.