Screening Shanghai-Listed Beverage and Alcohol Stocks by Turnover
Summary
This equity screen combines three filters: turnover between 3% and 12%, a stock code beginning with 60, and classification in the beverage or alcohol business. The article describes the code prefix as a way to restrict the universe and uses industry information to identify relevant companies. It also provides a data-access example for retrieving a stock list and checking company industry labels. The accompanying discussion flags policy and international-relations exposure for the sector, and notes that the turnover range may leave a small candidate list.
The document offers no historical test, return data, or evidence that these filters predict performance. Although turnover is named as part of the final rule, the included example code does not visibly apply a turnover filter; its sector-label checks may also differ from the broader phrase “beverage and alcohol imports and exports.” The screen therefore needs careful data-definition checks before implementation, and it lacks entry, exit, and risk-management rules.
Key ideas
- The screen combines a 3% to 12% turnover range with a stock-code prefix beginning with 60.\nIt selects companies classified in beverage or alcohol industries.\nThe article identifies policy and international-relations exposure as sector risks.\nIt notes that the turnover constraint may reduce the number of selected stocks.\nNo backtest or trading and risk-management rules are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.