No. of Recommendations: 10
The formula and the summary don't match?
This is comparing price to its 52 week range boundaries:
price / (52 week high + 52 week low) top N"
But this mentions "session" high, which would normally mean a single day's trading session?
If the current price is close to the session high, the sum of the top and bottom values is approached, causing the ratio to approach ~0.5.
By the way, I think this worked quite well in both 2024 and 2025. CAGR staring with a 3 I think? Depending on depth and hold, of course.
Similar backtest results. There is a lot of overlap between this and the absolute 52 week momentum screen.
Makes sense.
The quirk of using the midpoint of high and low is that "off low" works best when the market is rebounding from a sharp selloff, and "off high" works most of the rest of the time, so it can sometimes give you something that works a larger fraction of the time rather than just a high CAGR momentum that relies on fewer good periods.
Jim
