Screening Metaverse Stocks by Relative Volume
Summary
This stock-selection example focuses on companies categorized in the metaverse industry and requires a relative-volume reading above 1.5 and below 6. It excludes specified market-board categories, including the Science and Technology Innovation Board. The document gives an indicator formula based on current volume relative to a five-day moving average, then sketches a Python workflow for filtering a stock list and checking volume and board eligibility.
The rationale is to combine an industry focus with a measure of elevated but bounded trading activity. The article notes that this simple screen may exclude strong performers in the excluded board and does not account for company finances or competitive position. It suggests adding technical and fundamental inputs and evaluating the rules with historical data, but reports no backtest, performance results, or evidence that the thresholds are robust. Its formula and code examples also describe the relative-volume calculation differently, so implementation details should be checked before use.
Key ideas
- The screen targets metaverse-related stocks with relative volume between 1.5 and 6.
- It excludes specified market-board categories, including the Science and Technology Innovation Board.
- The formula relates current volume to a five-day volume average.
- The article identifies missing fundamental analysis and excluded-stock opportunities as limitations.
- It recommends historical evaluation but provides 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.