Screening Shanghai-Listed Stocks by Range and Share Price

Summary

This simple equity screen selects stocks whose codes begin with 60, whose daily high-to-low range exceeds one percent of the previous close, and whose closing price is below twelve currency units. It frames the range condition as a way to find more volatile shares and the price cap as a low-price filter. The sample workflow ranks qualifying names by a heat or popularity field.

The article provides formula and sample screening logic, but reports no backtest, returns, or validation of the ranking. The criteria do not assess company fundamentals or intrinsic value, and a low share price alone does not indicate that a stock is inexpensive. The author notes that higher volatility can bring greater risk and suggests adding fundamental measures, risk controls, or other ranking variables. This is a basic candidate-generation rule, not a complete entry, exit, or portfolio-management strategy.

Key ideas

• The screen requires a daily high-to-low range greater than one percent of the prior close.
• It limits candidates to codes beginning with 60 and closing prices below twelve.
• Qualifying stocks may be ordered by a popularity measure.
• The rule omits fundamentals and provides no performance test.
• The article recommends considering risk controls and additional selection factors.

Tags

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