Screening Shanghai-Listed Stocks by Turnover and a Daily Loss Range

Summary

This Chinese stock-selection example screens for securities whose codes begin with 60, whose turnover rate is between 3% and 12%, and whose daily percentage change falls between a 4% and 5% loss. The accompanying sample workflow obtains a listed-stock universe, retrieves daily change and turnover data for a specified trading date, and retains names satisfying those conditions. It is a single-day filter based on trading activity and price movement, not a complete portfolio or entry-and-exit system.

The article frames the price decline as a possible area of opportunity, but supplies no backtest, performance record, or evidence that such stocks subsequently recover. It warns that the screen ignores company fundamentals and industry trends and may select securities with short-term instability. It recommends considering additional technical or industry factors and evaluating candidates with historical testing. Those suggestions are cautions and possible refinements; the document does not report that they improve results.

Key ideas

• The screen targets stocks with codes beginning with 60 and turnover between 3% and 12%.
• It selects names whose daily change is a loss between 4% and 5%.
• The example applies the conditions to data for a specified trading date.
• The article provides no performance results and notes that fundamentals and industry trends are omitted.
• It suggests adding other factors and using historical tests to assess the selection rule.

Tags

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