Screening Filters
Price: {'max': '1.19'}
- Purpose: To filter stocks that are priced at or below $1.19.
- Rationale: Since the user has a budget of $10 and wants to buy multiple shares, the maximum price per share must be $1.19 or less to allow for the purchase of at least 8 shares (10 ÷ 1.19 ≈ 8). This ensures the user can afford the stocks within their budget.
Weekly Average Turnover: {'min': '1000000'}
- Purpose: To filter stocks with a minimum weekly average turnover of $1,000,000.
- Rationale: A higher turnover indicates that the stock is actively traded, which generally means better liquidity. This is important for small-cap or low-priced stocks, as it reduces the risk of being unable to sell the stock later due to low trading activity.
Why Results Match:
- The price filter ensures that the stocks returned are affordable for the user, given their budget of $10. By setting the maximum price at $1.19, the user can buy multiple shares without exceeding their budget.
- The weekly average turnover filter ensures that the stocks are liquid and actively traded, reducing the risk of being stuck with illiquid penny stocks. This is particularly important for low-priced stocks, which often have lower trading volumes.
Together, these filters help the user find affordable stocks that are also more likely to be tradable, aligning with their budget and investment goals.
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.