Screening Shenzhen Main Board Stocks by Valuation, Turnover, and Declines

Summary

This proposed equity screen selects Shenzhen main board stocks using a combination of valuation, recent price action, and trading activity. It specifies a price-to-earnings range from above zero through 29.01, a price-to-book range from above zero through 3.11, turnover between 3% and 12%, and three consecutive declining sessions. The post also offers formula and Python examples intended to implement the selection logic.

The author frames the screen as a way to combine fundamental valuation measures with technical conditions, and advises further review of company financials, industries, and other information. The article provides no backtest, selected-stock examples, or performance evidence. Its sample implementations contain apparent inconsistencies in how declines, market classification, turnover, and data fields are handled, so the described criteria should be validated against the actual data and code before use. The stated thresholds are screening choices, not evidence that the selected shares are undervalued or likely to rise.

Key ideas

• The proposed screen combines valuation ratios, turnover limits, and three declining sessions.
• The specified valuation bounds are positive price-to-earnings and price-to-book ratios capped at stated thresholds.
• The article includes sample formula and Python implementations, but their condition handling should be checked.
• No backtest or evidence of subsequent returns is provided.

Tags

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