Metaverse Stock Screening with a Five-Day Moving Average and Turnover

Summary

This stock screen targets companies in the metaverse theme whose average price is above the five-day moving average and whose turnover falls between 2% and 9%. It combines a short-term price trend filter with a liquidity range, aiming to avoid weak recent price action and exclude both low-activity and especially high-turnover stocks.

The document presents the conditions as a screening recipe and gives example formula and Python implementations. It reports no backtest, performance figures, or empirical evidence that the screen predicts returns. Its main caveat is that price and turnover alone omit fundamentals and other relevant market conditions; it recommends combining them with additional technical and fundamental filters and considering broader trends.

Key ideas

• The screen is limited to stocks classified in the metaverse theme.
• It requires the price to be above its five-day moving average.
• It filters for turnover greater than 2% and less than 9%.
• The document offers no performance evidence and cautions that the screen omits fundamental factors.

Tags

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