Stock Screening with Turnover, Three Down Days, and Revenue Growth

Summary

This Chinese stock-screening example combines three conditions: turnover between 3% and 12%, three consecutive declining sessions, and 2021 revenue more than 1.1 times 2018 revenue. It presents the revenue comparison as a way to screen for companies with growth and stability, while the price and turnover conditions describe recent trading activity. The article includes a sample formula and Python sketch for applying the filters.

The document gives no performance results or evidence that the screen predicts future gains. Its code’s turnover calculation uses volume ratios as a proxy, which is not necessarily equivalent to actual turnover rate, and its consecutive-decline check compares closing prices. The example also draws daily prices from a specified 2022 interval while using annual revenue data, so its timing and data assumptions need scrutiny. The author notes market uncertainty and suggests refining thresholds or adding technical and fundamental measures.

Key ideas

• The screen requires turnover between 3% and 12%.
• It selects stocks with three consecutive declining closes.
• It compares 2021 revenue with 2018 revenue and requires growth above a 1.1 ratio.
• The article provides illustrative formula and Python logic but no evidence of profitability.
• The sample code’s volume-based turnover proxy may not measure actual turnover rate.

Tags

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