Hey!
We are trying to make a simple algorithm we can showcase in finance class.
Trying to make the algorithm trade every time the price drops by 0.5% and the P/E value is less than 12, and sell once the stock goes +1%.
Is this possible? Couldnt find any way to do it.
Hi Joans,
Quantopian currently provides historical pricing data only, not fundamental ratios like PE. So to create a strategy based off of PE you'll need to find an external data source and use Fetcher.
I grabbed a few weeks of PE data on GOOG and baked it into an example here to show how you could do something similar to what you described. If you have a source of historical daily PE values you should be able to modify this to work for you. Or alternatively if you want to just use the momentum part of the algo you could do that too.
Good luck with your class!
Jess
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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.
