Screening Equities by Price Range, Share Float, and Revenue Growth

Summary

This proposed equity screen combines three filters: prior-period price amplitude above 1%, circulating shares no greater than 5.5 billion, and 2021 revenue more than 1.1 times 2018 revenue. The document gives example formula and Python-style implementations that calculate the amplitude from high, low, and closing prices, apply the share-float cap, compare annual revenues, and select stocks meeting all conditions.

The author presents high amplitude as a way to find short-term trading potential, limited float as a small-cap characteristic, and revenue expansion as a sign of business growth. These are rationales, not demonstrated findings: no backtest results or evidence of returns are supplied. The text cautions that the screen is simple, may overlook profitability, valuation, fundamentals, and market conditions, and could be distorted by unusually high growth rates. It suggests adding valuation measures and reviewing financial statements, but gives no tested refinements.

Key ideas

• The screen requires price amplitude above 1%, circulating shares at or below 5.5 billion, and 2021 revenue above 1.1 times 2018 revenue.
• The implementation calculates price amplitude from the prior high, low, and close, then intersects the three filters.
• The stated rationales for the filters are trading activity, small-cap exposure, and revenue growth.
• The document supplies no performance evidence and warns that the screen omits other fundamental and market factors.
• Additional valuation and financial-statement analysis may help assess candidates, but no refinement is tested.

Tags

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