Screening Filters & Rationale
Market Cap > $50M:
- Purpose: Focus on established cannabis companies with sufficient size and stability.
- Rationale: Larger market cap reduces the risk of extreme volatility often seen in smaller companies.
The Cannabis Industry Theme:
- Purpose: Target companies operating specifically within the cannabis sector.
- Rationale: Ensures alignment with the user's interest in cannabis-related investments.
High-Risk Beta:
- Purpose: Identify stocks with higher volatility for potential higher returns.
- Rationale: High beta stocks are more sensitive to market movements, offering greater upside potential in a bullish market.
Weekly Average Turnover > $1M:
- Purpose: Ensure sufficient liquidity for ease of trading.
- Rationale: High turnover indicates active trading, reducing the risk of illiquidity.
Monthly Price Change > -5%:
- Purpose: Exclude stocks with significant recent price declines.
- Rationale: Focuses on companies with relatively stable or improving price trends.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.