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Well Doug,
You out did yourself! It's a work of art! What a tool. It confirms
what usually takes time to learn about any stock. That is, the
dynamics and trading characteristics of a particular stock. For
example, I compared ASND (168.30% turnover - 12.87 days), VVUS
(140.96% turnover - 15 days), and ROST (39.11% turnover - 55.41 days).
Clearly, ROST is the more stable easy going stock out of the three.
ROST also would be more forgiving in CCing and more predictable.
You could also use this tool to calculate the profit potential for
stock splits. That is, how much appreciation could be made in such
events. Would you rather select stocks ready to split which have a
150% turnover rate or a 30% turnover rate? No doubt, there is more
profit potential in the larger turnover % plus much more liquidity for
options. Hummm, this makes it possible to quickly pick your plays
without prior knowledge of the stock's characteristics.
VERY NICE WORK DOUG! A programming genius. If you sorted the days
needed to turnover in ascending order it might help show the
relationship of the percentage of turnover vs. days to trade turnover.
Clearly, there is a strong connection. The lower the number of days to
trade, the more forcefore price swings. Now, we may be able to see how
market makers impact those stocks and why do some stocks have more
turnover? Is it related to industry groups, P/Es, price ranges, or
simply the number of institutions working that stock.
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