Screening Shenzhen Main Board Stocks by RSI, Valuation, and Dividends

Summary

This stock-selection screen combines a short-term technical condition with valuation and historical dividend filters. It selects Shenzhen Main Board shares with a 14-period RSI below 65, positive price-to-earnings and price-to-book ratios below stated upper bounds, and a 2019 dividend ratio above 25%. The article also sketches a Python workflow using stock listings, daily valuation data, dividend records, and closing prices to assemble qualifying names.

The rationale is that dividend history can complement technical and valuation measures, while the article suggests adding profitability or balance-sheet data and assessing variants through models and backtests. It gives no portfolio construction rules, rebalance schedule, transaction-cost assumptions, benchmark, or test results for this exact screen. The dividend condition refers to a specific historical year, and the code's latest-record handling may not correspond cleanly to that period. Dividend policy can change, and the article itself cautions that payout measures alone are not a sufficient basis for selecting stocks. The screen should therefore be treated as a hypothesis to test, not evidence of expected returns.

Key ideas

• The screen combines RSI, price-to-earnings, price-to-book, and historical dividend conditions.
• It targets listed shares on the Shenzhen Main Board.
• The example workflow retrieves listings, valuation data, dividends, and prices before filtering candidates.
• The article provides no performance test for the stated screen and warns that dividend measures can change.

Tags

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