Screening Chinese Stocks by Turnover, Profit Growth, and Opening Move
Summary
This stock-selection rule screens for turnover between 3% and 12%, year-over-year net profit growth attributable to parent-company shareholders above 20% and no more than 100%, and a 9:25 price change below 6% in absolute value. The article combines a liquidity condition, a fundamental growth measure, and a pre-open price-move filter. It also gives example implementations in indicator-formula and Python styles, including sorting selected names by turnover.
The post describes the screen as a way to combine company growth with market conditions, but it supplies no backtest results, benchmark comparison, or evidence of long-term returns. Its Python example uses a specified historical profit-data period and intraday bars as proxies, so implementation may not match the stated screening time exactly. The article itself flags short-term price volatility and variation in how the filters apply across companies and industries. The thresholds should therefore be treated as a sample rule requiring data checks, point-in-time safeguards, and risk evaluation before use.
Key ideas
- The screen requires turnover between 3% and 12% and specified year-over-year net profit growth.
- It excludes stocks whose absolute 9:25 price change reaches the stated upper bound.
- The article provides example implementations and ranks qualifying stocks by turnover.
- It gives no performance evidence, and its sample data timing may not match the stated screening time.
- Industry differences and short-term price fluctuations may affect the screen’s usefulness.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.