Screening Stocks by Volatility, Dividend Yield, and the 10-Day Average

Summary

This Chinese equity screen looks for stocks with amplitude above 1, a dividend measure associated with 2019 exceeding 25%, and an opening price within five percent of the 10-day moving average. The article presents these conditions as a combination of short-term volatility, income characteristics, and price positioning. It includes sample indicator and Python logic, but does not provide a backtest or evidence that the screen produced profitable trades.

The discussion notes that a historical dividend measure and proximity to a moving average do not establish financial strength or a reliable upward trend. It recommends checking company fundamentals, including profit growth and leverage, and considering other technical measures such as RSI or Bollinger Bands. The article’s concluding description also mentions broader fundamental and market factors without specifying corresponding selection rules, so the actual screen remains narrower than that conclusion suggests. Its historical dividend reference and sample implementation would need careful data and date validation before use.

Key ideas

• The screen combines amplitude above 1, a 2019 dividend measure above 25%, and an opening price near the 10-day moving average.
• The example defines proximity to the moving average as within five percent.
• A historical dividend measure and price proximity alone do not establish business quality or trend reliability.
• The article recommends adding fundamental and industry analysis but reports no performance test.

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