Screening Metaverse Stocks by Relative Volume and Price Range
Summary
This document describes a stock screen for companies classified in the metaverse industry. It selects shares whose volume relative to its five-day average is above 1.5 and below 6, and whose daily price range exceeds 1. The author explains relative volume as a measure of trading activity and the price range as a measure of movement. The screen is presented through both a charting-platform formula and a Python-oriented example; the latter also suggests checking liquidity and stock status.
The document gives no backtest, performance statistics, or evidence that the filters predict returns. It notes that the narrow criteria may return few stocks and reduce portfolio diversity, while price range can vary with market sentiment. It suggests adding company size, industry standing, fundamentals, technical indicators, and broader market or capital-flow context. Those additions are proposals rather than tested improvements, so the screen should be treated as a candidate-selection method, not a demonstrated trading strategy.
Key ideas
- The screen focuses on metaverse-industry stocks with relative volume between 1.5 and 6.
- It also requires a daily price range greater than 1.
- The document warns that narrow filters can limit the number and diversity of selected stocks.
- It provides no performance test showing that the selection rules produce profitable trades.
- Company fundamentals and broader market conditions are suggested as possible additions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.