Stock Screen Using Turnover, Float Market Value, and Recent Lows

Summary

This Chinese stock screen combines a turnover band of 3% to 12% with a circulating market value between 5 billion and 10 billion yuan. It then uses a comparison between the latest daily low and the previous day’s low as a short-term price filter. The document presents the idea as a way to narrow the universe by trading activity and company size before applying a recent-price condition, and includes formula and Python examples.

There is no backtest, return series, or evidence that the screen predicts gains. The article itself warns that it ignores company fundamentals and longer-term value, and suggests adding measures such as valuation or dividends. Its descriptions also conflict: the prose says today’s low should be below yesterday’s low, while the formula and Python comparison implement that same lower-low condition despite one explanatory passage describing an upward trend. Turnover handling and the averaging of market value in the Python sketch also require review before applying the screen to time-series data.

Key ideas

• The screen restricts stocks to a turnover range of 3% to 12% and a specified float-market-value band.
• Its intended price condition is that today’s low is below yesterday’s low.
• The document supplies formula and Python sketches but no performance evaluation.
• The article notes that the screen omits fundamentals and longer-term investment considerations.

Tags

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