Screening Metaverse Stocks with a Rising Average and Two-Day High

Summary

This document outlines a Chinese equity screen for stocks associated with the metaverse concept. It requires the 30-day moving average to be rising and the current high to equal the highest high across the current and prior day. The rule aims to find stocks with both a theme classification and signs of short-term price strength. Formula and Python examples illustrate the intended filters, although the Python example describes a close-price comparison and an average-price condition that do not precisely match the stated high-price and rising-average rules.

The article provides no backtest, return series, or other evidence of effectiveness. It warns that the screen lacks fundamental analysis, may be risky in unstable markets, and can lead to frequent turnover and higher costs if used on a short cycle. It recommends balancing technical and fundamental inputs, setting a suitable rebalance frequency, and considering more systematic screening methods. These are suggestions rather than evaluated improvements.

Key ideas

• The screen targets metaverse-related equities with a rising 30-day moving average.
• It also requires the current high to match the highest high over two days.
• The article warns that technical-only screening can be risky and may increase trading costs.
• The code examples contain conditions that differ from the stated screening rules.
• No performance evidence is supplied for the strategy or proposed optimizations.

Tags

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