Screening Metaverse-Linked Stocks by RSI and Floating Market Capitalization

Summary

This proposed stock screen selects companies associated with the metaverse theme, with RSI below 65 and floating market capitalization between 5 billion and 10 billion. The post frames RSI as a short-term overbought or oversold measure, market capitalization as a size filter, and the theme label as a way to identify stocks attracting investor attention. It includes a formula reference and sample code, but no backtest or evidence of returns.

The author notes that the screen relies on a narrow technical signal and a popular theme while overlooking company profitability, financial condition, and broader market turns. Metaverse-linked stocks may carry substantial investment risk. Suggested refinements include adding fundamental measures and other technical indicators, then studying more appropriate parameter values. The code’s identification of theme stocks through names and keywords may miss relevant companies or include false matches, and the RSI calculation shown is not clearly implemented by the sample.

Key ideas

• The screen requires RSI below 65, floating market capitalization from 5 billion to 10 billion, and a metaverse association.
• The approach combines a technical filter, a company-size range, and a thematic label.
• The post warns that it omits fundamental and broader market factors and that the theme can be risky.
• The sample provides no performance evidence, and its keyword-based theme identification may be unreliable.

Tags

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