No. of Recommendations: 5
I speny a bit of time over the last few days going over a bunch of these screens that have been discussed in the last several weeks.
A thing that pops out is that we are basically looking at a few ways of tilling the same ground. You don't really need to do that.
Case in point:
Screen 1: Nasdaq 100, 1 year momentum divided by 63 day downside volatility.
Screen 2: Russell 1000, 1 year momentum divided by 20 day Average True Range.
Of the current picks,
Top 10 had 6 stocks in common.
Top 7 had 4 stocks in common.
Top 5 had 3 stocks in common.
One screen's universe is the Nasdaq 100.
One screen's universe is the Russell 1000.
I would say that all these screens that use the Nasdaq 100 universe are going to pick almost all the same stocks. Because whether it looks at 9-12 month momentum or where the current price sits in the range of 52 week high/low, these are just different ways of looking at the same thing.
AI isn't going to help us here. The data is the data, however you choose to view it.
