Screening Shenzhen Main Board Stocks by Dividend Yield and Valuation

Summary

This document presents a rules-based screen for Shenzhen main-board equities. It combines daily price amplitude with a historical dividend-yield condition and bounded price-to-earnings and price-to-book ratios. The intended result is a list of companies meeting all filters at once, using either a stated query-style selection or illustrative indicator and Python examples.

The material explains the rationale as combining price movement, distributions, and valuation, while warning that PE and PB alone do not establish investment merit. It suggests adding financial, industry, and macroeconomic information. No performance results, portfolio construction, or trading and rebalancing rules are given. The code is explicitly presented as a reference and contains apparent data and field inconsistencies, so its calculations and date handling would need validation before use. The historical dividend criterion may also require point-in-time data to avoid look-ahead bias.

Key ideas

• The screen combines price amplitude, a historical dividend-yield threshold, and PE and PB bounds.
• All stated filters must be satisfied for a stock to qualify.
• Valuation ratios are presented as screening inputs rather than complete measures of investment value.
• The examples are illustrative and require validation, including checks for data consistency and historical availability.

Tags

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