Screening Stocks with Turnover, Listing Year, and Positive Returns

Summary

The document describes a stock screen requiring turnover between 3% and 12%, a listing year of 2021, and a positive return. It presents these conditions as a basic selection rule and includes example implementations for screening stocks. The approach combines a trading-activity filter, a listing-date criterion, and a simple performance condition.

The article cautions that the screen omits other fundamental and technical information and may be affected by market conditions or institutional flows. It gives no measured backtest results or evidence that the rule is profitable. The accompanying code references appear inconsistent in places, including differing turnover thresholds and a return calculation based on recent price data, so they should not be treated as a precise, validated implementation of the stated rule. The selection logic is best understood as a simple example that would require clarification and broader testing before use.

Key ideas

• The stated screen selects stocks with turnover from 3% to 12%, a 2021 listing year, and positive returns.
• It combines trading activity, listing vintage, and performance filters.
• The document says the screen omits other fundamental and technical factors.
• No backtest results are provided, and example implementation details are not fully consistent with the stated criteria.

Tags

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