Screening Metaverse Stocks by Float and Auction Buying

Summary

This note describes a Chinese A-share screening rule: select companies classified in the metaverse sector, with circulating share capital no greater than 5.5 billion shares, and positive net buying attributed to major participants during the opening auction. It gives a percentage formula for auction net buying based on net main-fund amount divided by trading value, and outlines combining stock sector data with quote data to apply the filters.

The article characterizes the rule as combining sector classification, a size constraint, and an order-flow signal. It provides no backtest, performance figures, or evidence that the criteria predict returns. It cautions that fixed thresholds can become less suitable as markets change, and suggests adding risk controls or other company and technical indicators. Data definitions, timing, and the reliability of the cited auction-flow measure are not established, so the screen is best understood as a candidate-generation idea rather than a validated strategy.

Key ideas

• The screen requires metaverse sector membership, circulating share capital at or below 5.5 billion shares, and positive opening-auction net buying by major participants.
• The note defines the net-buying measure as main-fund net amount divided by trading value, expressed as a percentage.
• The article offers no performance test or evidence that the selected conditions predict returns.
• It warns that fixed screening thresholds may not adapt well to changing market conditions.
• Additional risk controls and company or technical indicators are suggested as possible extensions.

Tags

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