Screening Stocks by Position Growth, Prior-Day Low, and Listing Year
Summary
This note proposes screening equities using a reported position-growth share above 5%, a closing price above the previous day’s low, and a 2021 listing year. The first two conditions are presented as signs of buying interest and near-term price strength, while the listing-year condition restricts the universe to stocks with that particular listing history. A later version of the proposed screen adds price-to-earnings and price-to-book thresholds, though these are not included in the initial logic.
The document provides no backtest, performance evidence, or definition of how position growth is measured. It cautions that recent price behavior may not represent the long-term trend and that market changes can undermine the signals. Its code uses fields and data access that are not explained or verified, so the implementation is not reproducible from the note alone. This is best read as a rough filter proposal rather than a validated strategy.
Key ideas
- The initial screen requires position growth above 5%, a close above the previous day’s low, and a 2021 listing year.
- A later proposed version adds valuation thresholds based on price-to-earnings and price-to-book ratios.
- The note links position growth to buying interest and the price comparison to near-term support.
- It provides no performance evidence and leaves the position-growth measure and code details unclear.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.