Screening Shanghai-Listed Stocks by Turnover and Rising 30-Day Average

Summary

This document outlines an equity screen for shares whose codes begin with 60, whose turnover rate falls between 3% and 12%, and whose 30-day moving average is rising. It frames the moving-average condition as a way to identify stocks with an upward trend and includes a Python example that filters the share list and compares recent 30-day average values. The code example does not implement the stated turnover filter, so it illustrates only part of the described screen.

The article characterizes the approach as short-term and high risk, with potential for volatile returns. It warns that the screen omits profitability, valuation, and longer-term trend information, leaving it exposed to market reversals. No backtest or performance figures are presented. Suggested refinements include adding other technical indicators and fundamental measures, but these are proposals rather than tested improvements.

Key ideas

• The stated screen combines 60-prefixed stock codes, a 3%–12% turnover range, and a rising 30-day average.
• The Python example filters by code prefix and moving-average direction but omits the turnover condition.
• The method focuses on price trend and does not assess company profitability or valuation.
• The document warns of volatility and losses during market reversals.
• No backtest evidence is supplied for the screen or its proposed refinements.

Tags

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