Shenzhen Stock Screen Using Turnover, KDJ Cross, and Valuation

Summary

This screening rule targets Shenzhen main-board stocks with turnover from 3% to 12%, a newly formed KDJ bullish crossover, price-to-earnings ratio from 0 to 29.01, and price-to-book ratio from 0 to 3.11. The document frames the filters as a combination of trading activity, a momentum signal, and valuation limits. It includes formula and Python examples that illustrate screening for the conditions, though the code’s KDJ and turnover calculations do not clearly establish that every stated rule is implemented exactly as described.

The page gives no historical test, selected-stock outcomes, or evidence that the combination improves returns or controls risk. It cautions that turnover, technical signals, and valuation alone omit company characteristics and industry differences, and suggests adding measures such as profitability, growth, and sector context. The rule is best treated as a screening hypothesis that requires data-definition checks and independent testing before practical use.

Key ideas

• The screen combines turnover between 3% and 12% with a newly formed KDJ bullish crossover.
• It limits candidates to Shenzhen main-board stocks within stated P/E and P/B ranges.
• The page provides formula and Python examples, but the code may not implement every rule exactly as written.
• The author notes that company and industry characteristics are missing from the filters.
• No backtest or performance evidence is presented.

Tags

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