Now do the same for etfs

Screening Filters

1. rsi_category = ['moderate']

   • Purpose: Find ETFs that are not already overbought from a technical perspective.
   • Rationale:
     • RSI (Relative Strength Index) is a common technical indicator to judge whether a security is overbought or oversold.
     • By restricting to the moderate RSI range, we explicitly avoid ETFs that are in the “overbought” zone, which aligns directly with your request: “not already overbought”.
     • This increases the chance you’re entering after a reasonable pullback or during a more sustainable uptrend, rather than chasing a short‑term spike.

2. quarter_price_change_pct = { 'min': '25' }

   • Purpose: Capture ETFs with high recent price growth, as a practical proxy for “potential high growth”.
   • Rationale:
     • For individual stocks, we previously used revenue and EPS YoY growth to identify fundamentally fast‑growing companies.
     • For ETFs, those same fundamentals are not directly available at the fund level in a meaningful, uniform way (an ETF is a basket of securities, not an operating company with its own revenue/EPS), so we can’t replicate those exact indicators.
     • Instead, we use quarterly price performance: requiring at least +25% over the last quarter flags ETFs exposed to strong themes/sectors or strong underlying holdings.
     • This is a momentum‑based way to find “high growth” candidates among ETFs, consistent with your focus on performance potential, but adapted to what’s realistically measurable for funds.

Why Results Match Your Request

• You asked to “perform the same screening for ETFs” with:

  • High growth potential → approximated by strong quarterly price performance (≥ 25%), since ETF‑level earnings/revenue metrics like for single stocks aren’t directly supported.
  • Not already overbought → handled directly with rsi_category = moderate, excluding technically overheated ETFs.

• So while we cannot use the exact same fundamental indicators (revenue/EPS YoY, PE) that we used for individual stocks—because they aren’t meaningfully defined at the ETF level—the filters applied here are an ETF‑appropriate translation of your intent:

  • Momentum/price growth instead of company fundamentals,
  • RSI to avoid overbought conditions, just as before.