Screening Stocks by Turnover, Free-Float Value, and Recent Trading-List Appearance

Summary

This Chinese equity-screening note selects stocks with turnover between 3% and 12%, circulating market value between 5 billion and 10 billion yuan, and an appearance on the previous day’s “Dragon and Tiger List,” a Chinese market list highlighting notable trading activity. The stated approach uses turnover as an activity filter, company size as a range constraint, and the recent list appearance as an indicator of investor attention. It supplies formula and Python examples for applying the conditions.

The note offers no performance evidence or backtest results, and it does not assess company fundamentals or explain which types of list appearance are most informative. It cautions that recent trading attention alone can select companies without sound underlying value, and suggests combining the screen with fundamental and technical analysis. The code uses historical averages for turnover and market value, while the stated rule describes current values, so the implementation may not match the intended screening timing exactly.

Key ideas

• The screen limits turnover to the stated 3%–12% range and circulating market value to 5–10 billion yuan.
• It additionally selects stocks that appeared on the previous day’s Dragon and Tiger List.
• The rationale treats turnover and market value as activity and size filters, with list appearance as a proxy for market attention.
• The note provides no evidence of returns and warns that recent attention does not establish fundamental quality.
• Its sample code uses averages that may differ from the stated current-value criteria.

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