Dividend and Momentum Equity Screen with Valuation and Technical Filters

Summary

This post describes a stock-selection screen combining a 2019 dividend ratio above 25%, today’s increase in holdings above 5%, and a recent price change between minus 5% and 2.6%. It interprets the holdings measure as buying interest, the bounded price move as a way to avoid strong short-term advances while including stocks that have pulled back, and the dividend condition as a shareholder-return measure. Its proposed refinement adds price-to-earnings below 20, price-to-book below 2, bullish moving-average alignment, and a MACD crossover.

The post acknowledges that these indicators cannot capture every driver of share prices and that strong buying interest may precede a rapid rise or increased risk. It gives example filter logic but no backtest, portfolio rules, benchmark, or measured results. It also does not define the holdings metric or the lookback used for the recent price change, limiting reproducibility. The screen is therefore a set of suggested selection rules, not evidence that the combined conditions predict returns.

Key ideas

• The initial screen combines a high 2019 dividend ratio, an increase in holdings, and a bounded recent price move.
• The proposed refinement adds valuation multiples, moving-average alignment, and a MACD crossover.
• The post treats holdings changes as a proxy for buying interest, not a complete measure of company quality.
• It warns that high buying interest can coincide with increased short-term risk.
• No backtest or return evidence is reported, and some metric definitions are unclear.

Tags

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