Stock Screening with Price Amplitude, Convertible Bonds, and Position Increase

Summary

This document outlines a stock screen using daily price movement, convertible-bond information, and a reported increase in holdings. Its stated conditions are an absolute price change of at least one percent, a nonempty outstanding convertible-bond name, and a price increase relative to the open above five percent. It includes a formula and a Python example intended to demonstrate implementation.

The accompanying discussion interprets amplitude and increased holdings as signs of activity or market interest, while cautioning that these measures may not reliably capture the underlying trend and can lead to missed or false selections. The note proposes adding technical and fundamental measures and evaluating the strategy through backtesting. The examples do not provide a performance record, and the described inputs do not establish that selected stocks are undervalued or likely to continue rising. The screening logic is therefore a preliminary selection heuristic, not evidence of a profitable strategy.

Key ideas

• The screen combines price movement, convertible-bond name availability, and a rise from the open.
• The formula and Python example are offered as implementation references.
• Price amplitude and reported holding changes may not accurately represent a stock's trend.
• The document recommends broader indicators and backtesting, but supplies no performance results.

Tags

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