Screening Filters & Rationale
Market Cap >= $10 billion:
- Purpose: Focus on large-cap stocks for stability and liquidity.
- Rationale: Large-cap stocks are typically well-established companies, making them suitable for short-term trades with lower risk of extreme volatility.
High Beta:
- Purpose: Target stocks with higher sensitivity to market movements.
- Rationale: High-beta stocks tend to exhibit greater price swings, offering potential for higher short-term returns.
Weekly Average Turnover >= 1,000,000:
- Purpose: Ensure sufficient trading volume for liquidity.
- Rationale: High turnover indicates active trading, reducing the risk of slippage in short-term trades.
Price Above 5-Day Moving Average:
- Purpose: Identify stocks with upward momentum.
- Rationale: A price above the short-term moving average suggests a bullish trend, aligning with short-term growth objectives.
Weekly Price Change >= 0%:
- Purpose: Filter for stocks with positive or stable recent performance.
- Rationale: Ensures the stock is not in a declining trend, supporting short-term profit potential.
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.