Screening Filters & Rationale
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensures high liquidity for easier buying and selling of ETFs.
- Rationale: High turnover indicates strong market activity and reduces the risk of illiquidity.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Identifies ETFs with positive short-term momentum.
- Rationale: Price above the 20-day moving average suggests an upward trend, aligning with growth-focused strategies.
Year Price Change Percentage (min: 5%):
- Purpose: Filters for ETFs with strong annual performance.
- Rationale: A minimum 5% price increase indicates consistent growth over the past year.
Expense Ratio (max: 0.1):
- Purpose: Limits selection to low-cost ETFs.
- Rationale: Lower expense ratios maximize returns by minimizing fees.
Annual Dividend Yield (min: 3%):
- Purpose: Ensures ETFs provide a reliable income stream.
- Rationale: A minimum 3% yield balances growth with income generation.
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.