Is it possible to add code to make my algo sell all the current positions and move everything to cash based on the p/e ratio of a specific stock or ETF?
For example, if the p/e ratio of Microsoft (MSFT) rises above 25, the algo below would sell all positions at the next rebalance date and remain in cash until the p/e falls below 20, at which point the buying would resume.
Any help or suggestions would be appreciated.
Thanks,
Troy
Hi Troy,
This sounds like a job for the Pipeline API! With Pipeline, you can create custom factors with fundamentals data, and then filter the universe of stocks based on those factors. This example should help you to get started.
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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.
