Screening Shenzhen Metaverse Stocks by Float Size and Valuation

Summary

The document describes a Chinese A-share screening rule focused on metaverse companies listed on the Shenzhen main board. It selects stocks with a circulating share count no greater than 5.5 billion and filters for price-to-earnings ratios from zero to 29.01 and price-to-book ratios from zero to 3.11. A sample Python approach is included to retrieve stock data and return qualifying names and codes.

The rationale is to narrow the industry universe to smaller-float companies with moderate valuation multiples. The document cautions that valuation filters can exclude expensive companies with investment merit and that a small industry universe may leave few candidates. It suggests incorporating revenue and net profit for broader assessment. No backtest, benchmark, selection date analysis, or evidence of returns is presented, so the thresholds should be treated as a proposed screen rather than a validated strategy. The sample data fields and units also merit verification before implementation.

Key ideas

• The screen targets metaverse companies on the Shenzhen main board.
• It combines a circulating-share limit with price-to-earnings and price-to-book ranges.
• The stated rationale is to identify lower-valued candidates within the selected industry.
• The document notes that narrow valuation rules can exclude promising firms and shrink the candidate pool.
• It provides no backtest or performance evidence for the thresholds.

Tags

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