Screening Shenzhen Main Board Stocks with Positive MACD and Valuation Limits
Summary
This daily post-close stock screen combines a positive MACD reading with Shenzhen main-board membership, a price-to-earnings ratio from 0 to 29.01, and a price-to-book ratio from 0 to 3.11. Eligible stocks are then ranked by individual stock popularity, with the most popular first. The document explains MACD as a trend measure, popularity as a gauge of market attention, and valuation ratios as indicators of company valuation and market performance.
The post offers indicator formulas and sample screening code, but does not provide backtest results or evidence that the selection rules improve returns. It also flags that popularity and valuation measures can be distorted by market sentiment, and that MACD alone may not capture market conditions. Suggested refinements include combining additional technical and valuation measures and diversifying across industries. The examples do not fully align with the stated strategy, so they should not be treated as a verified implementation.
Key ideas
- The screen requires a positive MACD reading and Shenzhen main-board listing.
- It limits price-to-earnings ratios to 0–29.01 and price-to-book ratios to 0–3.11.
- Eligible stocks are ranked by popularity from highest to lowest.
- The post warns that sentiment can distort popularity and valuation signals, while MACD alone is incomplete.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.