Screening Filters & Rationale
Market Cap >= $1 Billion:
- Purpose: Focus on large-cap stocks for stability and reduced volatility.
- Rationale: Larger companies are generally more established and less prone to extreme price swings.
High Beta:
- Purpose: Target stocks with higher sensitivity to market movements.
- Rationale: High beta stocks can offer greater returns during bullish market conditions, aligning with a high-risk, high-reward strategy.
Weekly Average Turnover >= $1 Million:
- Purpose: Ensure sufficient liquidity for ease of trading.
- Rationale: High turnover indicates active trading, reducing the risk of slippage during transactions.
RSI (14) <= 30:
- Purpose: Identify oversold stocks with potential for price recovery.
- Rationale: A low RSI suggests the stock may be undervalued and poised for a rebound.
Monthly Price Change <= -10%:
- Purpose: Highlight stocks experiencing recent price declines.
- Rationale: Significant price drops may present buying opportunities if the stock is fundamentally strong.
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.