Screening Filters
Market Cap: {'max': '2000000000'}
- Purpose: To focus on small-cap stocks.
- Rationale: Small-cap stocks are typically defined as companies with a market capitalization under $2 billion. By setting the maximum market cap to $2 billion, the screener ensures that only small-cap stocks are included in the results, aligning with the user's request.
Price Change Percentage: {'min': '0'}
- Purpose: To identify stocks with positive price momentum.
- Rationale: A minimum price change percentage of 0 ensures that only stocks with a neutral or positive price movement are considered. This helps filter out stocks that are declining in value, which may not be ideal for buying today.
Relative Volume: {'min': '2'}
- Purpose: To find stocks with unusually high trading activity.
- Rationale: A relative volume of 2 or higher indicates that the stock is trading at least twice its average volume. This can signal increased investor interest or news, which may make the stock more attractive for short-term opportunities.
Weekly Average Turnover: {'min': '2000000'}
- Purpose: To ensure liquidity and ease of trading.
- Rationale: A minimum weekly average turnover of $2,000,000 ensures that the stocks have sufficient trading activity, making it easier for investors to buy and sell without significant price impact. This is particularly important for small-cap stocks, which can sometimes have lower liquidity.
P/E Ratio (TTM): {'max': '15'}
- Purpose: To focus on undervalued or reasonably priced stocks.
- Rationale: A price-to-earnings (P/E) ratio of 15 or lower is often considered a benchmark for value investing. By setting this filter, the screener identifies small-cap stocks that are potentially undervalued or trading at a reasonable valuation, which could make them attractive for purchase.
Why Results Match:
- The market cap filter ensures that only small-cap stocks are included, directly addressing the user's request for "small cap stocks."
- The price change percentage filter focuses on stocks with positive momentum, which aligns with the user's interest in stocks to "buy today."
- The relative volume filter highlights stocks with heightened trading activity, which could indicate increased investor interest or potential catalysts.
- The weekly average turnover filter ensures that the selected stocks are liquid and easy to trade, which is crucial for small-cap stocks.
- The P/E ratio filter narrows the results to stocks that are potentially undervalued or reasonably priced, increasing the likelihood of finding good investment opportunities.
By combining these filters, the screener identifies small-cap stocks that are liquid, reasonably priced, and showing positive momentum, making them more likely to be attractive options for buying today.
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.