Screening Stocks by Turnover and Revenue Growth
Summary
This stock screen combines a turnover range with an IPO-year filter and a comparison of company revenue across two years. It selects stocks with turnover between 3% and 12%, listed in 2021, whose 2021 revenue exceeded 1.1 times their 2018 revenue. The document frames turnover as a measure of trading activity and revenue growth as a basic indicator of improving company performance.
The post gives the selection logic and a sample formula reference, but it reports no backtest, return series, benchmark, or evidence that the conditions predict future performance. It cautions that the screen may miss short-term price trends and ignores other financial and company-quality measures. It suggests broadening the assessment with additional financial indicators, market-share information, and profit growth. The historical listing-year and revenue conditions may also limit the eligible universe, while the document does not explain how revenue reporting dates, missing data, or the turnover measure are handled.
Key ideas
- The screen requires turnover between 3% and 12%.\nIt limits candidates to companies listed in 2021.\nIt requires 2021 revenue to be more than 1.1 times 2018 revenue.\nThe post offers selection logic but no performance evidence or backtest.\nThe author notes that other financial and quality measures could improve the screen.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.