Screening Stocks by Turnover and Parent-Company Profit Growth

Summary

This Chinese equity screen selects stocks with turnover between 3% and 12%, year-over-year growth in net profit attributable to the parent company above 20% and no more than 100%, and prior-day actual turnover between 3% and 28%. The stated intent is to combine market activity with a fundamental growth measure. The post includes example indicator-language conditions and a Python sketch for retrieving stock and financial data.

The author notes that the screen is simple and may omit important company or industry context. The prior-day turnover range may also produce picks that do not suit every investor’s risk tolerance. The article suggests supplementing the filters with other technical and fundamental information, but gives no backtest, performance evidence, or detailed timing methodology. The code’s data fields and financial reporting period would need to be checked for consistency before relying on its output.

Key ideas

• The screen combines a current turnover range with parent-company net profit growth and a separate prior-day turnover range.
• Its stated rationale is to mix market activity with a fundamental growth condition.
• The author warns that the filters omit company and industry context and may not fit every risk preference.
• The article provides no performance evidence, and its example data handling requires verification.

Tags

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