Subject: Re: BAC
In fact that was a proposed screen a few years back.

"Using a broad market index (like S&P500 or VL1500 or Russell 1000)
Or using the Value Line ~1500 stocks with any Timeliness.
Take only the 90% of the stocks closest to their 52-week high.
(Drop the lowest 10%)

Take the top 100 by ROE ...
and those with earnings >0 and book value is < 0.

then of those, top 25 by 5 Yr sales Growth.
Re-evaluate and/or rebalance every 1 or 2 or 3 or 6 months."

I'm not sure when I suggested that : )
But, ignoring the few stocks with negative book value, and run every 2 months with 0.4% round trip trading costs, this has beat the S&P in pretty much every rolling year since late 2018.
Advantage versus SPY 5.5% in the 12 months to May, 13.6%/year in the last 3 years, 10.4%/year in the last 5 years.
I would not expect figures that good on average in future, but I would continue to expect a bit of an advantage.

Jim