Screening Chinese Stocks by Turnover, Float Value, and Rounded Price Shape

Summary

The document presents a Chinese equity screening rule that selects stocks with turnover between 3% and 12%, circulating market value between 5 billion and 10 billion yuan, and a flagged rounded or arc-shaped price pattern. It supplies equivalent screening logic and a Python example that groups data by stock, checks the pattern flag, and applies mean turnover and market-value conditions.

The stated rationale is that activity, company size, and a technical shape can narrow the candidate list. The document also cautions that the screen does not assess a company’s fundamentals and may therefore include low-quality stocks. It recommends considering fundamental, technical, and policy factors in a broader evaluation. No backtest, return evidence, holding rule, or risk controls are provided. The text’s code uses inclusive bounds in places where its prose describes a range, so exact boundary treatment should be checked before implementation.

Key ideas

• The screen combines a turnover range, a circulating market-value range, and an arc-shaped pattern flag.
• The example implementation groups records by stock and applies the conditions to mean turnover and mean circulating value.
• The proposed filter focuses on activity, size, and chart shape rather than company fundamentals.
• The source warns that the screen can select weak companies and offers no evidence of investment performance.
• Boundary handling differs between the prose and code examples and should be verified before use.

Tags

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