Stock Screening with Trading Range, Convertible Bond Data, and Revenue Growth

Summary

This screening approach combines a price movement filter, the presence of an outstanding convertible bond, and a historical revenue growth condition. Specifically, it seeks stocks with a price range movement above the stated threshold, a nonempty convertible bond name, and 2021 revenue more than 1.1 times 2018 revenue. The article presents these conditions as a way to combine trading activity, financing information, and company growth in one equity screen.

The document supplies indicator logic and sample data retrieval code, but it does not report a backtest or investment results. Its implementation examples do not align fully: the prose describes comparing 2021 revenue with 2018 revenue, while the sample code adds a recent high-price condition and appears to select revenue records by position. The article cautions that revenue growth alone may not capture business quality and may suit traditional industries poorly. It suggests supplementing the screen with valuation, earnings, and measures of the quality and drivers of growth; no entry, exit, or risk-management rules are specified.

Key ideas

• The screen combines price movement, outstanding convertible bond information, and historical revenue growth.
• Its stated revenue condition compares 2021 revenue with 2018 revenue.
• The code example includes an additional recent high-price filter that is not part of the stated core logic.
• Revenue growth alone may not represent business quality or fit every industry.
• The article presents no backtest or rules for managing positions and exits.

Tags

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