Screening Beverage and Alcohol Importers by RSI and Dividend Payout

Summary

This stock-selection note proposes screening companies in the beverage and alcohol import-export industry using an RSI below 65 and a 2019 dividend payout ratio above 25%. It presents RSI as a measure of price conditions and the historical payout ratio as a basic indicator of distributions and company finances. The article also suggests considering valuation measures, but the core screen is based on the industry, RSI, and the specified past-year dividend criterion.

The document offers indicator and Python-style examples, with additional filters appearing in the code such as market capitalization, non-ST status, price-to-earnings, and investor-flow ranking. These examples are not fully consistent with the stated core criteria, so implementation details should be checked before use. No backtest results are reported. The author cautions that industry trends and market themes can lead to misclassification, and recommends broader analysis rather than treating the screen as a complete investment decision.

Key ideas

• The stated screen combines RSI below 65, a specified beverage and alcohol import-export industry, and a 2019 payout ratio above 25%.
• The note treats RSI as a technical input and the historical dividend payout as a fundamental input.
• Example code adds filters beyond the core screen, including valuation and company status conditions.
• The document reports no performance evidence and warns against relying on the screen alone.
• It recommends considering additional indicators, fundamentals, and relationships among selection factors.

Tags

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