Screening Shanghai-Listed Stocks by Turnover and Weekly MACD

Summary

The proposed equity screen selects stocks whose codes begin with 60, whose turnover rate falls between 3% and 12%, and whose weekly MACD is above the zero line. The article frames the MACD condition as a way to favor stocks with an upward trend. It also includes code references for applying the filters with market data and calculating MACD, though the description of the intended conditions is the clearest account of the screen.

The post offers no backtest, return figures, benchmark comparison, or evidence that the conditions improve selection. It cautions that the rules omit company performance and profitability, are relatively simple, and rely on a lagging indicator that may produce delayed or mistaken signals. It suggests adding fundamental, industry, market-context, or other trend measures, but does not test those additions. The screen is therefore a rule specification rather than a validated investment strategy.

Key ideas

• The screen restricts candidates to stocks with codes beginning with 60.
• It requires turnover between 3% and 12% and weekly MACD above zero.
• The article presents the zero-line condition as a trend filter.
• No performance results or backtest evidence are provided.
• The post notes that fundamentals are omitted and MACD can lag.

Tags

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