Stock Screening with Turnover, Ten-Day Returns, and Revenue Growth

Summary

This note outlines a Chinese equity screen using turnover between 3% and 12%, a positive ten-day price gain below 35%, and a revenue-growth condition. The written selection rule compares 2021 revenue with 2018 revenue and requires the ratio to exceed 1.1. The approach combines recent trading activity and price momentum with a measure of historical business growth. The article also includes example indicator logic and sample Python intended to illustrate data-based screening, though the code’s calculations do not consistently match the stated revenue criterion.

The author cautions that revenue growth is backward-looking and future growth may differ, while market sentiment and broader conditions can affect stock value. Suggested considerations include company finances, prospects, macroeconomic events, and avoiding excessive concentration or a single dominant style. No test results or evidence of profitability are presented. The screening thresholds are stated, but the note does not establish a trading or portfolio-management process, and its implementation example would need review before use.

Key ideas

• The screen combines turnover between 3% and 12% with a positive ten-day gain below 35%.
• The stated fundamental filter requires 2021 revenue divided by 2018 revenue to exceed 1.1.
• The approach mixes recent price behavior with historical revenue growth.
• The article warns that past revenue growth does not establish future performance.
• The sample implementation should be checked because its earnings-per-share calculation differs from the stated revenue comparison.

Tags

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