What can I buy with under a dollar

Screening Filters

1. Price: 0.10–1.00 USD

   • Purpose: Find stocks trading for “under one dollar” while filtering out the worst sub-penny names.
   • Rationale:
     • Your request is explicitly about assets priced below $1, so a max price of $1 directly encodes that constraint.
     • A minimum of $0.10 avoids extremely illiquid, often dysfunctional tickers that trade at fractions of a cent, where spreads and manipulation risk are very high.

2. Market Cap ≥ 100,000,000 USD (≥ $100M)

   • Purpose: Focus on relatively larger, more established companies within the sub-$1 universe.
   • Rationale:
     • Many stocks under $1 are tiny microcaps with elevated fraud/delisting risk.
     • Requiring market cap ≥ $100M filters out the smallest, most speculative names and keeps those with at least a moderate business scale and more scrutiny from institutions and regulators.

3. Monthly Average Dollar Volume ≥ 500,000 USD

   • Purpose: Ensure you can realistically trade in and out of the stock without extreme slippage.
   • Rationale:
     • Dollar volume = price × volume; it measures how much money changes hands in the stock.
     • A $500K+ monthly average sets a basic liquidity floor so:
       • You’re less likely to be stuck in positions you can’t exit.
       • Bid–ask spreads are typically narrower than in ultra-illiquid names.
     • This is especially important for sub-$1 stocks, where illiquidity is a common and serious risk.

4. Moving Average Relationship: PriceAboveMA20

   • Purpose: Prefer stocks in at least a short-term uptrend or with price strength vs. recent history.
   • Rationale:
     • PriceAboveMA20 means the current price is above its 20-day moving average.
     • In practical terms, this:
       • Filters out many names that are in strong downtrends or constantly making new lows.
       • Tilts results toward stocks showing some recent positive momentum or stabilization, which is valuable in the risky sub-$1 segment.

Why Results Match Your Request

• Your core requirement is “under one dollar”, satisfied directly by the price filter (≤ $1).
• Because you asked for “financial assets” in general but the screener focuses on stocks, the filters give you publicly traded equities/ETFs under $1, which are a practical subset you can buy through most brokers.
• The market cap and dollar volume filters work together to avoid the most dangerous, illiquid penny stocks, making the list more tradable and somewhat higher quality.
• The PriceAboveMA20 condition further refines the list to names not in obvious technical deterioration, which is especially important when dealing with low-priced securities.