Selecting Main Board Stocks by Turnover and Daily Gain

Summary

The post describes a daily stock screen for main board shares with turnover between 3% and 12%, a daily gain above 1%, and positive return. It frames the turnover band as a way to focus on trading activity and the gain and return filters as profitability conditions. The document includes example formula and Python snippets, though the snippets do not consistently implement the stated screen: the Python example checks an exchange-code substring instead of clearly enforcing main board membership, and its return checks overlap with the daily gain condition.

The author cautions that the screen relies mainly on technical data and omits company fundamentals and industry outlook, so selected stocks may contain noise. Suggested additions include shareholder-benefit, price-range, and relative-strength measures. No backtest results or performance evidence are supplied, so the proposed selection logic should be treated as a screening idea rather than a validated strategy.

Key ideas

• The stated screen selects main board stocks with turnover from 3% to 12%, daily gains above 1%, and positive returns.
• The post associates turnover with trading activity and positive returns with stock profitability.
• Its example code does not clearly match every stated filter, including main board membership.
• The author notes that the screen omits fundamental and industry information.
• Additional indicators are proposed, but no test results establish that they improve performance.

Tags

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