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I use the AAII database which has some 300 parameters per stock for
evaluating stocks fundamentally. This is the way I select which stocks that
are of higher quality in earnings, etc. Then I group these stocks and use
IRL to derive a index on each group. This approach in my opinion filters out
the weak ones and improves the performance of each index. The indices can
then be compared with each other and the standard indices such as S&P 500
etc. Then one can further select the stronger groups to individually select
particular stocks which appear attractive for buying through technical
analysis.
In the filtering of stocks for fundamentals for instance I like these
criteria: increasing continuos earnings for each of the past three years,
current ratio less than two, long term debt less than 30%, inside investors
holding between 5 and 39% of the outstanding shares and probably that are
priced more than 8-10$ per share. Actually I use several combinations of
filters but the above illustrates the complexity which one can achieve with
the above program. For more detail or discussion please respond.
-----Original Message-----
From: Denis Trover <dtrover@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, October 18, 1998 10:51 PM
Subject: Re: stock list by industry
>John,
>QuotesPlus 2 allows one to make up a list of all (or some of the) stocks
>within an IRL group and to easily look at charts of each member of the
>group. You can also write a scan which will select all of the stocks
>that fit almost any technical and many fundamental requirements and then
>add the group that each stock is in to output list, i.e. you can get a
>list of all stocks that are within 10% of their 52 week highs and then
>sort this list into groups. If you do not use IRL for anything more
>than to determine what stocks are in a group, QP2 will replace IRL for
>you. However, you can not rank the groups within QP2 as can be done in
>IRL.
>
>I hope that this has answered your question. If you need further
>information please write.
>
> Denis Trover -
>Camarillo, CA
>
>
>
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