New Stock Rover Momentum Screeners

April 17, 2021 Printer Friendly Printer Friendly

Introduction

We have created two new Stock Rover Momentum screeners. They are designed to find stocks that are performing well relative to the S&P 500 over the last month and year, and are operating in industries that are also performing well relative to the S&P 500, under the theory that you can row faster going with the current than going against it.

The Two New Momentum Screeners

The first screener, named Stock, Industry and Sector Momentum finds US stocks that are outperforming the S&P 500 over the last month and year, operating in industries and sectors that are also outperforming the S&P 500 over the last month and year. An additional criteria is the industry must be outperforming its sector in the 1 month and 1 year periods.

The screener is set to look for US companies with a market cap of at least 50 million dollars, but you can adjust these filters to change the stock universe, for example to include Canadian stocks. You can also change or remove the market cap limit.

Below is a screenshot of the screener criteria from the Stock Rover Library.

Stock Industry Sector Momentum Screener

The second screener, named Stock, Industry and Sector Momentum – Less Restrictive is the same as the first screener, except it drops the criteria that the industry must be outperforming its sector. This results is more stocks passing the screener and from more diverse industries.

Both screeners rank their output based on the passing stock’s monthly and yearly performance vs. the S&P 500.

New Companion Table View

Along with the new screeners, there is companion table view, named Industry and Sector Returns that displays the results of the screener using the metrics from the screener. The view shows stock’s performance relative to the S&P 500 over the last month, last year and last 5 years. The View also includes the stock’s industry and sector performance relative to the S&P 500 and the stock’s industry performance relative to the stock’s sector performance.

A screenshot of the new Industry and Sector Returns view is shown in the screenshot below.

Industry Sector Returns View

Getting the Screeners

Each of the two screeners (or both) can be added to your account from the Stock Rover Library as shown in the screenshot below.

Importing The Screeners from the Library

Note that both screeners require a Premium Plus subscription. They can also be download and tested by users currently running the Premium Plus Trial.

Getting the View

The Industry and Sector Returns View can be downloaded here. Or you can download the text file directly here.

After downloading the zip file, the zip file must then be unzipped to get at the View stored inside the zip archive. This is generally done by double clicking or right clicking on the zip file. The view file is named RoverView-IndustryandSectorReturns.txt. This file should then be imported into your account via the View Import operation.

Summary

We hope you download these new screeners and the associated view and take them out for a spin. They are sure to yield some very interesting companies. Companies that may prove, with additional research, to be worthy of your investment consideration.




Comments

brad chapman says:

could not open sector returns

Howard Reisman says:

Support will contact you on Monday to get further details

Hector says:

I’m having trouble opening the Zip file

Alison Murphy says:

Our Support team has reached out directly.

mandeep says:

The name for Industry and Sector Returns seems changed to Returns vs S&P500, is that correct?

Alison Murphy says:

Our Support Team has reached out to you directly.

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