Stock Screening by Turnover and Recent Listing Date

Summary

The proposed stock screen selects shares whose turnover rate is between 3% and 12%, that were listed in the current year, and whose actual turnover on the referenced prior day is between 3% and 28%. The article frames these conditions as a way to find active, potentially trending newer stocks. It includes formula and Python examples intended to implement the filters, including a check on listing year and turnover data.

The article does not provide a backtest, selected-stock examples, or evidence that the criteria produce profitable trades. It also leaves some implementation details unclear: the title and explanatory text differ in how they describe the prior-day turnover condition, while the example code averages turnover across two prior observations. The stated risks include ignoring company fundamentals and judging liquidity from only a short recent window. The author suggests combining the screen with fundamental measures and price performance, but does not test those refinements.

Key ideas

• The screen requires turnover between 3% and 12% and a listing in the current year.
• It also applies a 3% to 28% condition to recent actual turnover, though the reference period is inconsistent.
• The article provides formula and Python examples but no performance results.
• It warns that recent turnover alone may not reflect overall liquidity.
• Fundamental measures and price performance are suggested as possible additional filters.

Tags

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