Screening Stocks by Daily Range, Turnover, and Company Type

Summary

This proposed stock screen combines a daily price-range threshold above one percent, previous-day turnover above 60 million, and membership in a selected company type or industry. The article describes the company classification as an additional filter intended to narrow the opportunity set, while the range and turnover conditions capture price movement and trading activity. It offers brief indicator and Python references for expressing the filters.

The classification itself is left unspecified, and the examples have implementation ambiguities: the turnover code compares a volume field with a monetary amount threshold, while the stated condition refers to turnover, and the Python range calculation uses the opening price as its denominator. No selected securities, backtest, performance evidence, or trading rules are provided. The article notes that company type alone omits other fundamental and technical information, and recommends more precise industry, size, and profitability criteria alongside broader analysis.

Key ideas

• The proposed screen combines a daily range above one percent, turnover above 60 million, and a selected company classification.
• The company type or industry filter is not defined precisely in the article.
• The code examples may not match the stated turnover and range calculations.
• The article provides no evidence of historical returns or a complete trading plan.
• It recommends combining classification with more detailed fundamental and technical analysis.

Tags

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