In this case, it sounds like something is different. I’ve never gotten a price ratio higher than 1.
I also get a few stocks that have no 52 week high listed. I don’t know what to do with this
information, but mention it as it may have some relevance to Inspired2learn’s comment about the library edition.
I don’t know, my library only offers the print edition.
It’s reasonably likely the 52 week high gets updated when you log on at the library, and this is causing the difference.
In the weekly download files, the “52 week high” field is updated only at the end of each calendar month, I’m pretty sure.
Actually, the first weekly release that is at least a couple of days after the month end.
In the case of this particular screen, there is only one thing which depends on the current price.
The other fields change very slowly. (the market cap ranking isn’t a big deal)
And it’s pretty well known that “distance from high” momentum, like total return 1 year, benefits from a bit of lag.
So one hack solution is simply to use the ranks a week or two after you calculate them.
Each week there are a fair number of stocks that do not list a value for 5-year sales growth rate.
I think you’ve mentioned in the past that it is a good sign for a stock to have the value listed, so
I always delete stocks with no 5-year sales growth rate from my screens that utilize this field.
What do you do with stocks that list no 5-year sales growth rate, ROE, or 52 week high?
The general rule for all our screens is to deblank required fields (unless the screen is very specifically constructed not to).
If the field isn’t populated, the stock is not considered further.
This is a bit complicated in the case of a screen-of-screens doing a sum of ranks, as it has four subscreens.
So the stock would be eliminated from one but perhaps not the other of the subscreens.
I think (?) this would just end up giving it a worse score, but I’m not sure.
I could check, but I’m a bit lazy/busy today.
The two main reasons for lacking a 5-year-sales-growth field are that either the firm has been trading for less than five years, or it’s a financial firm with no meaningful revenue.
A bank, thrift, or fund, basically.
As Value Line does not report sales figures for banks, there is no sales growth figure calculated.
(This makes some sense…the revenue of a bank that most sources report is actually their gross margin. But you have to remember it)
The traditional way to do all this is to get a Value Line “Analyser” subscription, export the weekly data yourself,
create the screen in Radiscript once, and run the Radiscreen Excel macro to generate the picks.
That way you get all the same behaviour that has traditionally been used in all the backtesting.
Freebies at the library are not always good deal.