I have been working on improving my Summary of Weekly Buys posts and I wanted to highlight a new feature I am adding. It is nice to see what was hot each week, but what if it is just a spurt that week but nothing more? Maybe the price was great one week, but the stock shot up and is no longer providing value for Dividend Growth Investors?
These questions are why I am adding this new section to my weekly summaries. I call it the "Trending Stocks" section.
It will be presented in a more friendly way, but above is the data that I will be using. For the week of 3/21, the top trending stocks are:
- DIS (6)
|1||Gets on the list when 2 buys happen in the same week|
|2||Each week, number is reduced by 1 to slowly decay "trending"|
|3||Each week, new buys are added to previous number|
|4||There are no negative numbers|
|5||There is no upper limit to the trending scale|
The idea is to slowly decay the trending stock numbers each week if there are no more buys. This way, a stock is not immediately removed from the list each week if there are no buys from the community. It could just be a fluke that no one bought it this week. Look at BNS for example. It did not have a buy last week, but the previous 3 weeks had 6 different buys. So it has a trend value of 3. You can see the decay over time in the chart above.
What do you think of this feature? Does it make sense? Do you think it will be useful? Can you suggest any improvements? Please let me know your thoughts!
Disclaimer: I am not a licensed investment professional. I am not liable for any losses suffered by any parties. Any information on this site is my opinion only and should not be used for investments of any kind.