Stock Screening with Turnover, Float Size, and Moving-Average Alignment

Summary

This Chinese stock-selection note combines a turnover filter, a cap on circulating share or market-cap size, and a condition described as at least five moving averages overlapping. Its final stated criteria specify turnover up to 12%, circulating market capitalization from 1 to 55 hundred million yuan, and five or more overlapping averages. Formula and Python examples are included, although the examples appear to operationalize the moving-average condition through price comparisons with a five-period average rather than clearly testing overlap among multiple averages.

The rationale is to combine liquidity and smaller float size with a technical pattern that may indicate trend conditions. The author acknowledges that the screen omits company operating and financial measures, and that the moving-average condition alone may produce unreliable selections. Suggested additions include volume, price changes, valuation, and return on equity, with longer observation periods as a possible way to reduce sensitivity to short-term fluctuations. No backtest or performance evidence is supplied, and the threshold definitions should be reconciled before implementation.

Key ideas

• The screen combines turnover, circulating size, and a moving-average condition.
• The final criteria specify turnover up to 12% and circulating market capitalization between 1 and 55 hundred million yuan.
• The note describes the technical condition as five or more moving averages overlapping.
• The code examples may not implement that overlap condition literally, so the formula needs clarification.
• The screen lacks company financial analysis and has no reported backtest results.

Tags

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