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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" 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.
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Investment Strategies / Mechanical Investing
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Author: RAMc   😊 😞
Number: of 6131 
Subject: Re: Hope for GTR1?
Date: 04/22/23 11:02 AM
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Elan - I screen for Market cap top 1700.
Instead of ROE>18, I screen for ROE top 500.


I haven't used radiscreen for more than 10 years but this might be what you want. At least it runs in Runradis.
Define {ROE_Cash}
Uses [SI Equity (common) Q1] [SI Net income 12m] [SI Price/FCFPS] [SI Sector] [SI Long-term debt Q1] [SI Short-term debt Q1] [SI Cash Q1] [SI Short-Term Investments Q1]
Deblank [SI Equity (common) Q1] [SI Net income 12m] [SI Price/FCFPS] [SI Sector]
Sort Descending [SI Market Cap Q1]
Top :1700 plusTies
Keep :[SI Sector]<>"07-Financial"
Keep :[SI Sector]<>"55 - Financials"
Keep :[SI Price/FCFPS]>0
Keep :[SI CASH Q1] > 0
keep :[SI Equity (common) Q1] > 0
Create [ROE] :100*[SI Net income 12m]/[SI Equity (common) Q1]
Sort Descending [ROE]
Top :500 PlusTies
Create [CashMinusDebt] :[SI Cash Q1]+[SI Short-Term Investments Q1]-[SI Short-term debt Q1]-[SI Long-term debt Q1]
Sort Descending [CashMinusDebt]
End

Last weeks picks (I haven't loaded this weeks yet)
GOOGL MSFT TSM PDD TSLA BNTX EQNR CSCO VRTX MRNA ABNB COST ACN BPOP MOH

I can't run this version on my backtester so I would run a GTR1 backtest using only *.s factors to verify before having any confidence.
RAM
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This community has written 6,115 posts about Mechanical Investing. The article-length ones it recommended most:
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