I see that today's Stockopedia performance charts show that the top vigintile of momentum shares, i.e. those with 95-100 Momentum rank and market cap above £10m have doubled since Stockopedia started monitoring performance. The chart shows a gain of 100.27% which compared with a gain of just 66.87% for the equivalent QVM Stockrank vigintile. Food for thought!
It is interesting that the 95-100 Momentum rank vigintile has soared away from the 90-95 vigintile in the Brexit rally.
Hi Ram.
As per my earlier post #6 above, I mentioned Stan Weinstein as one of the original momentum TAs on which much of Minervi's work is developed. If you're interested, here is a link to a screen filter that I put together to try and replicate a Weinstein Stage 2 break out/ early Stage 3 group of stocks. It's not ideal, since it's trying to use numeric selection criteria to recreate something best illustrated by a chart but as a tool for picking out the raw material for further research I've found it does a reasonable job. Key features being looked for are stocks with good RSI and momentum (above ST and LT moving averages) which also have decent and rising trading volumes but which have not yet maxed out their upside.
I've also added some additional non-Weinstein "fundamental" criteria (which are currently switched off) as well as the overall Stock Ranking which can be enabled to narrow down the search further. I've had some decent success with a few screened stocks from this filter that have also had a Stock Rank over 80 and scored well on some of my other criteria.*
See what you think - I'd welcome any feedback.
http://www.stockopedia.com/screens/screen-of-wein-3-114677/
Here is the original intro discussion on the four stages of a stock's cycle that Weinstein describes from my original post:-
http://www.nextbigtrade.com/stage-analysis/
Best,
Gus.
