Stock Screening with Turnover, Moving-Average Proximity, and Market Type

Summary

This stock screen selects shares with turnover between three and twelve percent, an opening price within five percent of the ten-day average closing price, and a specified market type. It combines a measure of trading activity with a short-term price-location filter and a categorical company or listing classification. The post includes formula and tabular-data examples that clarify how these conditions can be combined.

The document offers no historical test, return data, or evidence that the selected conditions produce an investment edge. It cautions that focusing too heavily on company type may sideline financial fundamentals and broader market conditions. It recommends evaluating sector, market position, profitability, and other financial or technical measures alongside the screen. The meaning of the market-type code and the precise definition of turnover should be checked against the chosen data source before implementation.

Key ideas

• The screen restricts turnover to a stated range and compares the opening price with a ten-day closing-price average.
• A market-type classification provides an additional universe filter.
• The post presents implementation examples but does not report a backtest or trading results.
• The author cautions that company classification alone omits financial and market context.

Tags

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