Screening Equities by Turnover, Beverage Industry, and Daily Low

Summary

The document describes a stock screen combining turnover, industry classification, and the day’s lowest price move. It selects beverage and alcohol related companies with turnover between 3% and 12%, whose intraday low is between 4% and 5% below the previous close. It provides example indicator logic and Python code using market data fields to apply these filters.

The post offers no backtest, performance data, or evidence that the screen identifies profitable opportunities. Its stated risk is that the short-term price filter overlooks company fundamentals; it suggests adding measures such as return on equity and valuation ratios. The examples also use specific data dates and platform conventions, so the formulas and industry classifications may need checking before reuse.

Key ideas

• The screen combines a beverage and alcohol industry filter with turnover between 3% and 12%.\nIt selects stocks whose daily low falls within a 4% to 5% decline from the prior close.\nThe post provides example implementations in a charting formula and Python using market data.\nIt provides no evidence of returns and notes that short-term signals omit fundamental factors.

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