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IQ Valumentum Screen

Posted By Kevin Lane On May 20, 2013 @ 2:30 pm In Markets,Think Tank | Comments Disabled

Here is a good valumentum (value + momentum) screen we came up with using FusionIQ
http://www.fusionmarketsite.com/?p=9501 [1]

It’s time for another installment of FusionIQ’s Screen Pass.  IQ Screen Pass utilizes FusionIO’s proprietary metrics along with widely followed industry metrics to create high level investing and trading screens.  Today’s edition of Screen Pass looks for stocks that combine both Value and Momentum, or as we like to call it … Valumentum.

The variables used in today’s screen are as follows: (1) Fusion Technical Scores (ETech) between 70 – 100; (2) Market Cap (EMC) of > $ 1 billion; (3) Trading Volume (EV) of 500,000 or >; (4) Closing Price (Price) of > $ 5; (5) Price to Sales Ratio (PSR) of < 1.9; (6) Forward P/E < 18; (7) Price to Growth Ratio (PEG) of < 1.5; and (8) out-performance vs. the S&P 500 (market) over the last 4 weeks of > 5 % (PM4W).

With the market rising a lot of late, we wanted to add a value component to our momentum inputs, to gives us the best of both worlds.

Eight stocks hit today’s list; E-Trade Financial (ETFC), Genworth Financial (GNW), Dresser-Rand Group (DRC), Eaton Corp (ETN), Dicks Sporting Goods (DKS), United Rentals (URI),Pier 1 Imports (PIR) and Foot Locker (FL).

Click to enlarge
Table [2]


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URL to article: http://www.ritholtz.com/blog/2013/05/iq-valumentum-screen/

URLs in this post:

[1] http://www.fusionmarketsite.com/?p=9501: https://owa.smarshexchange.com/owa/redir.aspx?C=Wezk7iFw30-bnzTTx7fEQENieH9BJdBI1YlXqZpxTTQ5cJWSbVC1b2D9rwdY5llMGuPUxtCpQMM.&URL=http%3a%2f%2fwww.fusionmarketsite.com%2f%3fp%3d9501

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/05/Table.jpg

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