Screening Stocks by Daily Range and Multi-Year Revenue Growth

Summary

This stock screen selects observations from 2021 with a daily high-low range above one percent and reported revenue more than 1.1 times its 2018 level. The note interprets a larger daily range as a sign of greater price variability and uses revenue growth as a basic indicator of business expansion. It presents both formula-style conditions and sample data-processing steps for applying the filters.

The document offers no backtest, selected-stock examples, or evidence that the criteria produced attractive returns. The date restriction makes the rule specific to a historical period, while revenue alone does not capture valuation, profitability, or the causes and sustainability of growth. Its sample code groups financial records by report type and compares values, but does not establish that the chosen records are aligned or comparable for every stock. Suggested additions include profit and valuation measures and industry or market context; these are recommendations, not demonstrated refinements.

Key ideas

• The proposed screen requires a daily trading range greater than one percent.
• It restricts candidate observations to 2021 and compares revenue with its 2018 level.
• The revenue ratio threshold is greater than 1.1.
• The note treats range as a volatility signal and revenue growth as a business-growth indicator.
• It provides no return evidence and cautions that revenue omits valuation and other fundamentals.

Tags

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