Screening Filters & Rationale
Market Cap >= $500M:
- Purpose: Focus on established marijuana companies with significant market presence.
- Rationale: Larger market cap ensures stability and reduces the risk associated with smaller, volatile companies.
Themes: The Cannabis Industry:
- Purpose: Target companies operating specifically within the marijuana sector.
- Rationale: Ensures alignment with the user's interest in marijuana-focused investments.
Weekly Average Turnover >= $1M:
- Purpose: Select stocks with sufficient liquidity for ease of trading.
- Rationale: High turnover indicates active trading and reduces the risk of illiquid investments.
Price Above 20-Day Moving Average:
- Purpose: Identify stocks currently in an upward trend.
- Rationale: Stocks trading above their short-term moving average often signal positive momentum.
Monthly Price Change >= 0%:
- Purpose: Focus on stocks with stable or positive recent performance.
- Rationale: Ensures the selection of stocks that are not in a declining trend.
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.