Screening Stocks by Turnover, Dragon-Tiger Listings, and Long-Term Trend

Summary

This stock selection screen combines a turnover range of 3% to 12%, appearance on the previous day’s Dragon-Tiger list, and a closing price above its 250-day moving average. The article interprets these filters as measures of trading activity, notable market attention, and a positive long-term price trend. It provides formula and Python examples for applying the conditions.

The author suggests the approach may suit rising markets and cautions that it relies on short-term signals while omitting company, industry, and macroeconomic information. The article proposes adding momentum indicators and fundamental measures, along with position management and exit rules. It presents no backtest or performance evidence, and notes that the screen may be less reliable in weak markets.

Key ideas

• The screen requires turnover between 3% and 12%, a prior-day Dragon-Tiger listing, and price above the 250-day moving average.
• Turnover, list appearance, and moving-average position represent activity, market attention, and trend, respectively.
• The article provides formula and Python implementations of the selection conditions.
• The screen has no reported performance test and may be less reliable in weak markets.
• The author suggests adding fundamental analysis and explicit risk controls.

Tags

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