Combining Dividend Yield, Convertible-Bond Listing, and Moving-Average Filters

Summary

This note outlines a stock-selection approach combining a historical dividend condition, a nonempty convertible-bond short name, and moving-average analysis. The initial specification mentions at least five moving averages and a 2019 dividend ratio above 25%; the expanded version lists ten lookback periods, from 5 days through 2,000 days. It proposes comparing closing prices with the averages, assessing relative position and deviation, and ranking candidates alongside valuation measures such as price-to-earnings and price-to-book ratios.

The article is internally inconsistent: its first description uses five averages and a recent-year data window, while the final logic lists ten averages, including very long periods. Its code reference is truncated and mixes data fields without explaining their source or definitions. It gives no backtest, portfolio results, or precise ranking thresholds. The author notes market, technical-analysis, and financial-analysis risks and suggests adding more financial measures and data; the screen should therefore be treated as a rough selection concept rather than a validated strategy.

Key ideas

• The proposed screen combines a 2019 dividend ratio above 25% with a nonempty convertible-bond name.
• It uses moving averages to assess the relationship between closing prices and trend references.
• The initial and final specifications differ in their number of moving averages and data horizons.
• The note proposes adding valuation measures and ranking candidates by trend, deviation, and financial indicators.
• The code is incomplete, and no backtest or performance evidence is supplied.

Tags

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