This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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After an interesting conversation with a customer last week, I have been testing an exciting new screen.
Im still working on smoothing out its performance, but the initial runs Ive done have been extremely impressive.
Aside from big returns, one of the main benefits of this screen is that it generates the same number of qualified stocks per period. (3)
Zacks Rank Average Broker Rating Percent Change in Price over 24 weeks = Top 10%. (Looking for the top 10% of performers out of the list above.)
Percent Change in Price over 12 weeks = Top 50%. (Looking for the top 50% of performers out of the list above.)
Percent Change in Price over 4 weeks = Top 3. (Looking for the 3 best price gainers out of the list above.)
Over the last 2 years, the average annual gross return is +165.80% with an average win ratio (winning periods) of 70%. (Rebalanced every 4 weeks.) And you only have to trade 3 stocks a month.
Admittedly, since this strategy looks for price momentum, its probably no surprise that its done better this year than last. But even so, last years (2002) average cumulative gross returns of over +75% are still something to brag about.
Of course, theres even more to brag about this year, (2003) with its average cumulative gross returns of over +115%.
Like I said, this screen is still a work in progress, but incorporating this strategy as it is currently into your own stock picking routine, could dramatically super-charge your portfolio.
This weeks picks are; (as of Mon., 11/24/03)
Sign up for your free trial to the Research Wizard and get the other stocks on that list. And feel free to experiment with other variables too. The filters I listed above are just a few. But you can't do any of this on an ordinary screener. Only with the Research Wizard can you do all of this and more. Click here and find out how.
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