Stock Screen Combining Turnover, Profit Growth, and Price Strength
Summary
This note presents a stock-selection rule combining a turnover range of 3% to 12%, year-over-year growth in net profit attributable to the parent company above 20% and no more than 100%, and a close above the previous day’s low. It describes the approach as a blend of fundamental and technical filters: profit growth represents a company measure, turnover reflects trading activity, and the price condition is intended to capture short-term strength. The document includes example screening logic and code references.
No backtest results, sample, or evidence of returns are reported, and the examples do not establish that the conditions identify investment opportunities. The note acknowledges that its fundamental and technical inputs are limited, and that the prior-low comparison focuses on short-term movement and may miss longer-term value. It suggests adding other technical, financial, and industry measures, but does not define or evaluate them. The screen should be read as a basic candidate filter, not a validated strategy; it gives no tested rules for entries, exits, or position sizing.
Key ideas
- The screen requires turnover between 3% and 12%.
- It filters for parent-attributable net profit growth above 20% and at most 100% year over year.
- A close above the previous day’s low serves as a short-term price-strength condition.
- The note identifies the combination as a simple mix of fundamental and technical criteria.
- It provides no backtest evidence or complete trade-management rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.