Bring This Simple Algorithm To Life (52-weeks-low + brand or popular stocks)

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Bring This Simple Algorithm To Life (52-weeks-low + brand or popular stocks)

posted

Hello guys,

I just joined and I still have a lot to learn so I decided to share my manual algorithm that I'm using and also ask if somebody can help to create the algorithm here to back test it in history to see how efficient it's or I'm just lucky.

It's really simple one:
Find brand stocks something that many people use or it's very popular and not unknown company for example Apple, Netflix, Disney etc

e.g. recently TripAdvisor a worldwide brand that's unlikely to go away anytime soon was close to 52 weeks low you buy it and hold it until it's profitable and sell lets say 10-20% percentage depends on how cheap you bought it or close to the 52 weeks low. (I actually bought it few days ago and up 3%)

Other examples for that Tesco dropped really heavy 6-12 months ago and also Pixlar those companies go down big time but that company will not never go away keep it for 1 year and you're sure to be in green.

The algorithm steps I suppose:

list "brand or well known" companies that are close to 52 week low buy them, if it goes even more down buy more. Because it's hard to find the best price moment and if it's cheap and gets cheaper get more.
keep it for at least 10-20% profit.

Would love to hear your thoughts
Thanks

2 responses

You'd have to define what you mean by brand or well known. Using Q500 as the universe should bring up the biggest companies. You could also pick specific sectors, such as technology or media, to get well known consumer brands.

@Eric Looked into Q500 not sure it covers what I consider, but I can see that it's possible to create a custom filter to find those companies will look into filters. thanks.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.