Screening Shanghai-Listed Stocks by Turnover and Trading Value

Summary

This document describes a Chinese equity screening rule: select stocks whose codes begin with 60, whose turnover rate falls between 3% and 12%, and whose previous-day trading value exceeds 60 million. It presents the screen as a way to focus on actively traded shares, then notes that relying on these filters alone omits technical and fundamental information. It suggests combining the screen with other measures, such as price and volume analysis.

The document includes sample platform formula guidance and Python-style code, but the example queries a fixed historical date and uses a volume field, so it does not clearly demonstrate the stated previous-day trading-value condition. It provides no backtest, performance evidence, or validation of the claim that higher trading activity identifies growth prospects. The screen is therefore a simple candidate-selection rule, not a complete investment strategy; its usefulness depends on correct data fields, current dates, and additional research.

Key ideas

• The screen selects stocks with codes beginning with 60.
• It requires a turnover rate from 3% to 12% and previous-day trading value above 60 million.
• The document suggests that trading activity may help identify actively traded shares.
• It warns that the filters omit technical and fundamental considerations.
• The code example does not clearly implement the stated trading-value condition or a dynamic previous-day lookup.

Tags

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