Stock Screening with Position Increases, Auction Flows, and Dividends

Summary

This stock selection note combines three filters: today’s position increase share must exceed 5%, net buying by major participants during the opening auction must be positive, and the stated 2019 dividend ratio must exceed 25%. The accompanying explanation treats rising positions and positive auction flows as signs of buying interest, with the dividend condition intended to select companies that have distributed a substantial share of earnings.

The document gives illustrative selection logic and example code, but reports no backtest, performance evidence, or validation of these interpretations. It flags possible errors in trading data and warns that market conditions and company finances can change, making the signals stale. Suggested refinements include improving data collection, adding factors such as industry or market capitalization, and periodically revisiting the criteria. The historical dividend field and short-term flow measures may not align in timing, and the note does not define their precise data calculations or specify position sizing, exits, or risk controls.

Key ideas

• The screen requires a daily position increase share above 5%.
• It also requires positive major-player net buying during the opening auction.
• A historical 2019 dividend ratio above 25% is the third filter.
• The note provides no empirical performance test and identifies data quality and changing market conditions as risks.

Tags

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