Equity Screening by Turnover, Beverage and Alcohol Exposure, and Price Momentum

Summary

This screening approach selects stocks in the beverage and alcohol import or export sector with turnover between 3% and 12%, alongside a condition labeled as the start of a major upswing. Its formula defines that price condition as the current close exceeding each of the previous five closes. The turnover filter is described as a way to narrow the candidates, while the sector and rising-price checks seek exposure to an industry theme with positive price movement.

The document includes platform formulas and a Python example, but it does not present a backtest, returns, risk measures, or evidence that the pattern predicts continued gains. It specifically cautions that the upswing signal may be unreliable or mistimed, and recommends quantifying it more carefully. The example data call and industry fields should be verified for instrument coverage and frequency before use; the selection rules alone do not define entry timing, exits, position sizing, or transaction costs.

Key ideas

• The screen combines a 3%–12% turnover range with beverage and alcohol sector membership.
• Its price condition requires the latest close to exceed each of the five preceding closes.
• The author treats the rising-price pattern as a possible early-stage upswing, but offers no validation evidence.
• The strategy leaves execution, exits, position sizing, and transaction costs unspecified.

Tags

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