Screening Mainboard Stocks by Turnover, Float Value, and Weekly MA Cross

Summary

This document describes a Chinese mainland stock screen for mainboard shares. It filters for turnover between 3% and 12%, circulating market value between 5 billion and 10 billion yuan, and a weekly five-period moving average crossing above the ten-period average. It also gives example selection logic and explains that the crossover is intended to reduce sensitivity to short-term price fluctuations.

The article identifies a key limitation: the screen relies on technical and trading-activity measures and does not assess company fundamentals such as earnings, growth, or return on equity. It flags unreliable technical signals and herd-following as risks, and suggests adding fundamental criteria and adapting to market conditions. No backtest statistics or performance evidence are provided, so the proposed stability and usefulness are not demonstrated in the document.

Key ideas

• The screen selects mainboard stocks using turnover, circulating market value, and a weekly moving-average crossover.
• Turnover must fall between 3% and 12%, and circulating market value between 5 billion and 10 billion yuan.
• The weekly five-period average crossing above the ten-period average supplies the technical signal.
• The article notes that technical-only screening omits company fundamentals and may produce unreliable signals.

Tags

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