Screening Main-Board Stocks by Turnover, Float Value, and Listing Age

Summary

This equity screen selects main-board stocks with turnover between the stated bounds, circulating market value within a specified range, and more than a year since listing. The document presents turnover as a liquidity-related filter and float value and listing age as additional stock characteristics. It provides formula-style and Python examples for applying these conditions to stock data.

The accompanying discussion calls the approach limited because it relies on a small set of historical market fields and does not assess company fundamentals or industry direction. It suggests adding valuation, leverage, or technical inputs and considering adaptive methods, but supplies no evidence that these changes improve selection. No backtest results, return estimates, or risk-adjusted comparisons are reported, and the screen has no defined purchase, exit, or portfolio sizing rules. It is therefore a screening recipe rather than a complete investment strategy.

Key ideas

• The screen limits candidates by turnover, circulating market value, main-board status, and listing age.
• The document describes the conditions as a way to combine liquidity and stock-size characteristics.
• It notes that the screen omits deeper fundamental and industry analysis.
• Suggested additions include valuation, leverage, technical indicators, and adaptive methods.
• No performance test or complete trade management plan is provided.

Tags

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