Screening Shanghai-Listed Stocks by Range and Money-Flow Strength
Summary
This document presents a Chinese stock screen that selects securities whose daily high-low range exceeds 1% of the previous close, limits the universe to codes beginning with 60, and ranks candidates by money-flow strength in descending order. The article interprets the range condition as higher volatility and treats the code prefix as a market-universe filter. It includes formula and Python references, but no backtest, measured returns, or other evidence that the ranking predicts performance.
The accompanying discussion identifies several limitations: the filters do not account for company fundamentals, the meaning of money-flow strength may be subjective, and a 60 prefix alone does not indicate investment potential. It suggests comparing stocks within clearer market-cap groups, testing different range thresholds, and combining the screen with operating or financial information. The ranking and threshold definitions would need independent verification before use.
Key ideas
- The screen requires a daily high-low range above 1% of the prior close.
- It limits candidates to stocks with codes beginning with 60.
- Candidates are ordered by money-flow strength from highest to lowest.
- The article notes that the filters omit fundamentals and provide no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.