Screening Stocks by Turnover, Three Declining Sessions, and Float Value

Summary

This equity selection rule filters for stocks with turnover between 3% and 12%, three consecutive declining sessions, and a stated circulating market-value range of 5 to 10 billion yuan. The article frames the falling-price sequence as a possible sign of pessimism and the turnover band as a way to identify active trading. It includes sample screening logic and code references, but the examples contain inconsistent units and definitions: the prose gives one market-value range while the code compares float-share data to a different-looking range, and the decline check compares closing prices rather than explicitly checking candle color.

The author characterizes the candidates as possible rebound stocks, but provides no backtest or return evidence to support that interpretation. The note warns that the screen may produce false positives and does not account for industry differences or comprehensive company fundamentals. It suggests adding financial and industry information, though it does not specify or test a refined model. Turnover, recent declines, and market value alone do not establish rebound potential.

Key ideas

• The screen combines turnover between 3% and 12%, three declining sessions, and a specified circulating market-value band.
• The article interprets recent declines as a possible sentiment signal and turnover as a measure of activity.
• The sample logic may not match the prose because its field definitions and market-value units are unclear.
• No backtest or evidence demonstrates that the selected stocks rebound.
• The article flags false positives and recommends adding industry and financial information.

Tags

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