Screening Stocks by Range, Exact Price, and Float Market Value

Summary

This stock-selection rule filters for a high–low range above 1% of the high, a closing price of exactly 18.5 yuan, and circulating market value of at least 10 billion yuan. The document includes example selection logic and sorts qualifying names by trading amount. Its stated intent is to identify securities with some price movement and substantial market value for consideration over a medium or long horizon.

The discussion notes that this small set of conditions omits financial health and may still select risky volatile stocks. It suggests adding valuation measures such as price-to-earnings or price-to-book ratios and using trend or volatility analysis. No sample results, backtest, investment universe, or assessment of execution costs are provided. The exact-price condition is especially restrictive and may produce few or no matches depending on the market and observation date, while the stated investment horizon is not validated by evidence in the document.

Key ideas

• The screen requires a high–low range above 1% of the daily high.
• It selects a closing price of exactly 18.5 yuan and circulating market value of at least 10 billion yuan.
• The examples rank selected stocks by trading amount.
• The document warns that range and market value alone do not capture company financial health.
• It proposes adding valuation and trend measures but reports no strategy performance.

Tags

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