Screening Chinese Stocks by Turnover, Float Value, and Rising Lows

Summary

This Chinese community post proposes screening equities for turnover between 3% and 12%, circulating market value between 5 billion and 10 billion yuan, and a price pattern described as a rising bottom. The stated rationale is to limit the universe by trading activity and company float value while seeking shares whose lows are moving upward. It includes a formula example and a short Python-style illustration, but the illustrations do not consistently implement all the stated conditions: the Python example omits turnover and uses a historical change in the high-to-low ratio as a proxy for the price pattern.

The author warns that the rising-bottom signal may have passed by the time a trade is made, and advises updating company information and considering industry cycles. Valuation measures are suggested as additional checks. The post offers no backtest, performance evidence, or precise definition of how long the rising-bottom condition should persist, so its predictive value is unestablished.

Key ideas

• The proposed screen combines turnover of 3% to 12%, circulating market value of 5 billion to 10 billion yuan, and rising lows.
• The post interprets rising lows as a possible sign of improving price direction.
• Its code examples do not consistently include all stated filters or define the price pattern in the same way.
• The author cautions that the pattern can become stale and suggests reviewing industry and company conditions.
• No backtest or performance evidence is presented.

Tags

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