Screening Stocks by Turnover, Best-Level Order Imbalance, and Earnings Growth

Summary

This Chinese stock-selection screen combines turnover between 3% and 12%, displayed best-bid volume greater than best-ask volume, and year-over-year growth in net profit attributable to the parent company above 20% and at or below 100%. The article frames turnover and order-book imbalance as liquidity or buying-interest filters, while earnings growth supplies a basic fundamental criterion. It also provides example formula and data-query logic for assembling the filters.

The author notes that the screen uses only a limited set of price, liquidity, and financial measures. Company size, broader financial statements, industry trends, and other selection factors are not incorporated, and the article offers no evidence from backtesting or live results. It suggests broadening the analysis, but the proposed conditions should be treated as a preliminary stock screen, not a validated trading strategy.

Key ideas

• The screen requires turnover between 3% and 12% and best-bid volume above best-ask volume.
• It selects companies with parent-attributable net profit growth above 20% and no more than 100% year over year.
• The method combines an order-book signal with a simple earnings-growth filter.
• The article says the criteria omit broader financial, market-capitalization, and industry information.
• No backtest or live performance evidence is reported.

Tags

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