Screening Filters & Rationale
Price (max: $100):
- Purpose: To identify assets affordable within the user's $100 budget.
- Rationale: Ensures the user can fully allocate their capital without exceeding their available funds.
Price Change Percentage (min: 1%):
- Purpose: To focus on assets with significant daily price movements.
- Rationale: Higher price volatility increases the potential for profitable day trading opportunities.
Relative Volume (min: 3):
- Purpose: To target assets experiencing trading activity at least three times their average volume.
- Rationale: Elevated trading volume often indicates heightened interest and liquidity, which are crucial for day trading.
Beta (HighRisk):
- Purpose: To select assets with high market sensitivity.
- Rationale: High beta stocks or assets tend to exhibit larger price swings, aligning with the user's goal of capitalizing on short-term movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: To ensure sufficient liquidity for entering and exiting trades efficiently.
- Rationale: High turnover minimizes the risk of slippage and ensures smoother trade execution.
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.