Screening Beverage and Alcohol Stocks by Turnover and Revenue Growth
Summary
The document outlines an equity screen combining turnover, industry classification, and historical revenue growth. It selects beverage and alcohol import-export companies with turnover between 3% and 12% and 2021 revenue more than 1.1 times 2018 revenue. It provides sample formula references and a Python sketch that joins annual revenue data with daily basic data, then filters by industry and turnover.
The rationale is to combine moderate trading activity with an industry and a measure of multi-year revenue expansion. The document cautions that the screen omits technical and other company-level considerations, and that growth concentrated in a few products can weaken the signal. It suggests adding valuation measures such as price-to-earnings or price-to-book ratios. No constituents, backtest, or performance evidence are reported, and the sample uses a specific trading date and data-provider fields that may require adaptation.
Key ideas
- The screen requires turnover between 3% and 12% and membership in the beverage and alcohol import-export category.
- It compares 2021 revenue with 2018 revenue and requires the ratio to exceed 1.1.
- The sample workflow combines annual income data with daily turnover and industry fields.
- The screen omits technical and broader fundamental risks, including revenue dependence on a few products.
- Adding valuation measures is proposed, but the document supplies no backtest or performance results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.