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Filters

Stock filters

On this site

  • Dorfman - various filters
  • Dreman - some of his ideas
  • Graham - 10 attributes of an undervalued stock
  • Hyp - Stephen Bland's long-term high-yield strategy
  • Magic - Magic Formula Investing
  • Neff - total return compared to PE
  • O'Shaughnessey - filters from 'What Worked On Wall Street'
  • Pyad - PE, Yield, Assets, Dividend
  • Pyad26 - Big cap, increasing dividends, high yield
  • slater - a growth screen
  • Stingy - a collection of Graham-esque filters from the Stingy Investor website

    Blog of selection criteria

    24-Nov-2010 Current selection criteria favours MFI (Magic Formula 2) link

    Filters devised by me

    08-Jul-2012 Simple idea for selecting a universe of growth shares: PER < 18, ROE ≥ 15, z-score ≥ 3, Yield_Rolling > 1, Turnover_Growth_3Yr ≥ 33 (corresponding to 10% pa revenue growth over 3 years)

    22-Aug-2012 Select reasonably-priced companies with good ROE and dividends at least doubled over last decade: MarketCap > 50, Div_Growth_10Yr ≥ 100, ROE_10Yr ≥ 15, EV_EBITDA ≤ 8 . A fair list is presented. Use personal subset like int cover, gearing, z-score, yield and negative RSI, monotonically increasing dividend and EPS, low beta, for example.

    MC03 06-Sep-2012 Based on Ben Graham ideas. EPS at least doubled over a decade. At most two falls in EPS that are ≥ 5%. Rank by EV/EBITDA ascending. Weed out any junk.

    Links to external sites

    Screening tools

  • Halifax - Simple, quick, and free; but rather limited. Check out the full filter for something a little more sophisticated.
  • Interactive Investor - inferior to Halifax
  • Investors Chronicle - a good one, allowing you specify many cireteria. Maybe it has the same engine as the Financial Times screener??
  • MSN Stock Screener - possibly the most useless stock screener imaginable
  • StockScreen123 - it cannot be used to screen for UK stocks, but it lists many pre-defined screens (Piotroski, Buffett, Graham, Lynch, etc.), their criteria, and their results over a number of periods. The criteria seem to be weighted in some unspecified way, though.
  • TD Waterhouse - inferior to Halifax

    Filter suggestions

  • F958B - "Method E" gave exceptional outperformance with any portfolio size and any time period. The selection process: Select only the non-cyclicals from the FSTE. Rand by yield. Select the 10 highest yielders. He concluded that non-cyclicals need less portfolio diversification, were more resilient, more predictable, whiclst the highest-yielding cyclicals are likely to underperform.
  • Hidden champions - screen devised by Gannon on 23-Mar-2012.
  • Hunting for growth - my write-up on 17-Mar-2012 that seemed to do quite well: look for ROE at least 15% and revenue growth at least 10%, and a decent balance sheet. The followup seemed pretty good.
  • Jimmy Chuoung - my write-up on what to look for
  • Why I don't diversify a couple of screens devised by Ganno on 28-Mar-2012.

    Other

  • AAII - Performance history of various screens at the American Association of Individual Investors
  • piotroski - 1998-2012 showed a performance of nearly 13% for the top decile, as opposed to about 8% for the median 
    Author:  Mark Carter
Created: 10-Nov-2010
Updated: 23-Dec-2012