Screening Metaverse Stocks by Market Value and Turnover

Summary

This note describes a Chinese equity screen for companies classified in the metaverse theme, with circulating market capitalization above 10 billion yuan and prior-day turnover above 8%. The proposed filters combine a thematic classification and size threshold with a measure of recent trading activity. The document also sketches a weighted-turnover variant and mentions valuation, leverage, beta, and other measures as possible additions.

No performance test or evidence of returns is presented. The discussion cautions that high turnover can reflect selling pressure or concern about a stock, and that the screen omits price trends, technical signals, and other factors relevant to selection. Its formula and sample code are reference material, but parts of the examples appear inconsistent with the stated thresholds, so the method should be checked before implementation and evaluated with suitable historical data.

Key ideas

• The core screen selects metaverse stocks above a circulating market capitalization threshold and a prior-day turnover threshold.
• The document treats turnover as a proxy for trading activity, while noting that unusually high turnover can accompany sharp declines.
• It suggests adding valuation, leverage, beta, technical, and trend measures to broaden the selection process.
• The document provides no backtest results, and its formula examples may not match the stated logic.

Tags

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