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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Investment Strategies / Mechanical Investing
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Author: lizgdal ✶☼  😊 😞
Number: of 6243 
Subject: A New High Price Screen
Date: 07/21/24 11:27 AM
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No. of Recommendations: 13
DrBob2 combined PFCF and High Price in a screen about 20 years ago. Based on this, I made a new screen with more emphasis on High Price, with good backtest results:

Define {HighPrice2024a}
step0: no ETFs or CEFs or LPs
step1: no IPOs
step2: [Average dollar-volume over 63 days] > 0
step3: [Average dollar-volume over 63 days] Top 50%
step4: no recent mergers
step5: issued financial report within the last year
step6: [PFCF] > 0
step7: not in Finance sector
step8: Price Top 10
Holding period = 21 mkt days, 0.4% friction

           Screen             CAGR  GSD  Sharpe    From       To
HighPrice2024a 17 24 0.71 19870302 20240718
100ClubNoFin_20021214_DrBob2 13 28 0.52 19870302 20240718
SP500MktCapWeight 11 18 0.54 19870302 20240718

HighPrice2024a 21 20 1.12 20090717 20240718
100ClubNoFin_20021214_DrBob2 14 31 0.61 20090717 20240718
SP500MktCapWeight 15 16 0.94 20090717 20240718


{HighPrice2024a} picks for 20240718 (Berkshire Hathaway is in the SIP Consumer Non-Cyclicals sector):

Ticker   aprc   [PFCF]  styp.a    adv:1,63               Company Name
BRK-A 662820 31 11 5,313,969,000 BERKSHIRE HATHAWAY INC CL A
NVR 8408 22 11 154,309,100 NVR INC
BKNG 3931 22 11 816,848,600 BOOKING HOLDINGS INC
SEB 3134 35 11 11,713,640 SEABOARD CORP
AZO 2926 28 11 411,073,200 AUTOZONE INC
MELI 1623 16 11 566,720,400 MERCADOLIBRE INC
FICO 1585 85 11 270,210,400 FAIR ISAAC CORPROATION
MTD 1356 33 11 207,045,300 METTLER TOLEDO INTERNATIONAL INC
COKE 1089 30 11 66,204,860 COCA COLA CONSOLIDATED INC
REGN 1067 30 11 439,984,000 REGENERON PHARMACEUTICALS INC
ORLY 1028 31 11 432,283,500 O REILLY AUTOMOTIVE INC
GWW 957 35 11 245,622,900 W W GRAINGER INC
LRCX 953 36 11 970,600,300 LAM RESEARCH CORP
ASML 924 9258 12 1,049,331,000 ASML HOLDING N V
DECK 887 24 11 327,284,000 DECKERS OUTDOOR CORP
MPWR 843 102 11 376,286,800 MONOLITHIC POWER SYSTEMS INC
KLAC 787 46 11 612,061,700 KLA CORP
GHC 776 31 11 13,340,320 GRAHAM HOLDINGS COMPANY CL B
CTAS 759 77 11 277,006,200 CINTAS CORP
NOW 739 48 11 1,024,738,000 SERVICENOW INC
URI 728 12 11 376,779,900 UNITED RENTALS INC
NFLX 643 41 11 2,208,407,000 NETFLIX INC
INTU 637 44 11 888,018,300 INTUIT INC
MCK 578 21 11 408,023,200 MCKESSON CORP


The 100 Club - a value screen
http://www.datahelper.com/mi/search.phtml?thread=1...

Define {100ClubNoFin_20021214_DrBob2}
step0: no ETFs or CEFs or LPs
step1: no recent mergers
step2: no IPOs
step3: [Average dollar-volume over 63 days] > 1,000,000
step4: Price > 100
step5: [MktCap] > 100
step6: [PFCF] > 0
step7: no Finance sector
step8: [PFCF] Bottom 5
Holding period = 63 mkt days, 0.4% friction

gtr1.net: GTR1 Backtester - HighPrice2024a

gtr1.net: GTR1 Backtester - 100ClubNoFin_20021214_DrBob2
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This community has written 6,227 posts about Mechanical Investing. The article-length ones it recommended most:
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