Shenzhen Stock Screening with Amplitude, Rising Averages, and Valuation Limits

Summary

This screen targets Shenzhen main-board stocks with amplitude above one, an upward-moving average condition, and valuation limits: a price-to-earnings ratio from zero to 29.01 and a price-to-book ratio from zero to 3.11. The article explains the combination as a way to pair recent price behavior with valuation measures, and provides sample indicator and Python implementations.

The article offers no backtest, return data, or evidence that the filters improve results. It cautions that valuation ratios do not capture a company’s full value and can change with fundamentals and market conditions. The moving-average condition and amplitude calculation should be checked against the intended platform and data conventions; the sample code and prose may not align exactly. The note suggests considering other fundamentals, such as revenue and profit growth, return on equity, and net margin, alongside investor judgment.

Key ideas

• The screen combines a price-amplitude threshold and a rising-average condition with Shenzhen main-board membership.
• It restricts candidates to the stated price-to-earnings and price-to-book ranges.
• Valuation ratios are quantitative filters and cannot fully represent company value or future potential.
• The example formulas may need adjustment for the data source and exchange conventions.
• The document gives no results and recommends considering additional financial measures.

Tags

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