Screening Stocks by Turnover, Profit Growth, and Weekly MACD

Summary

This Chinese equities screen combines a turnover rate between 3% and 12%, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no more than 100%, and a weekly MACD condition above zero. It presents the combination as a way to pair a financial growth filter with a longer-horizon trend filter, then proposes selecting five stocks. Example formula and Python references are included, along with an exclusion for certain growth-board listings in the formula.

The post cautions that the screen omits broader market direction and industry context, and that reliance on a single technical indicator can produce distorted signals during sudden events or price swings. Its code examples differ in their exact implementation and timing, and no backtest, portfolio returns, or evidence that the thresholds improve outcomes is supplied. The rules therefore describe a candidate selection process, not a demonstrated trading edge; market, sector, and additional company fundamentals would require separate evaluation.

Key ideas

• The screen requires turnover between 3% and 12% and specified year-over-year net profit growth.
• A weekly MACD reading above zero serves as the technical trend filter.
• The proposed selection combines accounting growth with a price-based signal and returns five candidates.
• The author warns that market and industry conditions and unexpected events can weaken the signals.
• The examples provide no performance evidence, and their implementations should be checked for consistency.

Tags

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