Stock Screen Using Range, Turnover, and an Exact Share Price

Summary

This document describes a stock-selection screen based on daily price range above 1%, turnover greater than 2% and no more than 9%, and a closing price of 18.5 yuan. The conditions aim to select shares with a minimum level of movement and trading activity, while the article itself characterizes the exact price requirement as arbitrary. It provides formula and Python examples, but no performance results or evidence that the screen predicts returns.

The article cautions that a fixed price level may not represent company value and that the screen ignores fundamentals and other drivers of price movements. It suggests adding valuation measures, relative strength or momentum, and risk controls. The description and examples also warrant care: the title implies a price of 18, while the body specifies 18.5, and the code example checks turnover and closing price without implementing the stated range condition. These limitations leave the screen’s effectiveness unestablished.

Key ideas

• The screen combines a minimum daily range, bounded turnover, and a closing price of 18.5 yuan.
• The document provides formula and code examples but no performance evidence.
• It describes the fixed share-price condition as arbitrary and potentially weak as a value signal.
• Fundamentals, momentum measures, and risk controls are suggested as possible additions.
• The title and body differ on the price level, and the code example omits the range filter.

Tags

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