Screening Metaverse Stocks by Prior Low, Concept, and Market Cap

Summary

This note describes a stock screen for companies associated with the metaverse concept. It combines concept membership with a close above the previous session’s low and market capitalization above 200 million. The price condition is presented as a short-term sign of strength, while the size filter aims to focus on larger names.

The document gives indicator and Python examples, but no backtest, performance evidence, or detailed portfolio rules. It cautions that the conditions are narrow and may select risky stocks or leave very few candidates. It suggests adding financial, market, and industry measures and managing risk and position sizes. The examples also propose equal weighting among selected names and a stop based on a recent rolling low, but provide no evidence that these choices improve results.

Key ideas

• The screen requires metaverse concept membership, a close above the prior day’s low, and market capitalization above 200 million.
• The price filter is intended to identify recent upward strength.
• The document warns that a narrow screen may produce risky picks or too few stocks.
• It recommends combining multiple types of indicators and applying risk and position management.

Tags

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