Screening Metaverse Stocks by Turnover and Opening Auction Price
Summary
This Chinese equity screening idea selects stocks in the metaverse theme using prior-day turnover above 8%, an opening-auction price move below 6% at 9:25, and— in the final stated version—positive cumulative gains over the most recent two days. The article provides formula and Python examples intended to identify actively traded stocks while limiting the opening move. It describes recent turnover and auction prices as indicators of trading activity, not as a complete assessment of a company.
No backtest results or return evidence are provided. The article cautions that the screen omits fundamentals, broader market conditions, and policy effects, and that a single auction observation may be fleeting. It proposes adding other technical, fundamental, and market factors. The examples use specific data sources and contain implementation details that should be checked carefully, including how turnover and the two-day return condition are calculated and whether the data are available without look-ahead.
Key ideas
- The screen focuses on stocks in the metaverse theme with prior-day turnover above 8%.
- It limits the 9:25 opening-auction price increase to below 6% and later adds a positive two-day return condition.
- The article provides sample formulas and Python code but no backtest evidence.
- The author warns that auction moves are brief and that fundamental, market, and policy factors are omitted.
- Data definitions and timing should be verified before implementing the examples.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.