One of the most highly voted feature now in Friends of SGXcafe is “Stock of The Day”. The idea is to feature a stock every trading day based on some criteria. At the moment, I have come up with five criteria to select the stock of the day.
1) Significant Increase in Visitors – The number of visitors viewing a stock’s page significantly increased in the last three days compared to the previous three days.
2) Most Mentions By Blog Posts – A stock that is mentioned numerous times in blog posts in the last two weeks.
3) Most News Views – A stock whose related news has been viewed the most in the last week.
4) Significant Increase in Average Traded Value – A stock whose daily traded value significantly increased compared to the last three months.
5) Continuous Increase in Close Price – A stock whose close price has continuously increased in recent days.
If the same stock is selected by several of the five criteria, then it would be the stock of the day. Otherwise, one of the five stocks selected by the five criteria will be randomly chosen to break the tie.
I would like to invite you to suggest more criteria, especially interesting/funny/creative ones to determine the “Stock of The Day” and also to suggest better ways to tie-break.
Happy investing!
ps: The first chosen “Stock of The Day” should have shown up on your wall 🙂
Evan, great feature but only criteria 1, 4 and 5 would be useful to me. For 4, you have to exclude all the volatile and funny warrants/options and leave only the Stocks/ETFs only. I thought the Continuous decrease in close price would also be a key parameter to look into.
I would also suggest u have the top 10 listing for the chosen categories but let the user sort themselves which they want to see.
IMHO as always,.
Thanks for the suggestions!
“For 4, you have to exclude all the volatile and funny warrants/options and leave only the Stocks/ETFs only.” => Will do.
“I thought the Continuous decrease in close price would also be a key parameter to look into.” => Will do.
“I would also suggest u have the top 10 listing for the chosen categories but let the user sort themselves which they want to see.” -> Good Idea. Will do.
I like this idea. Should add additional comment like , Worth Buy, Hold or Sell. So some newbie can get an idea is that a good stock or not.
Evan, any use for insider trades in part of criteria4 ?
“Worth Buy, Hold or Sell. So some newbie can get an idea is that a good stock or not.” => Not sure if I want to be so explicit and wonder what is the responsibility of doing so.
“any use for insider trades in part of criteria4?” => Good idea. Any ideas on how to retrieve such information?
On second thought, please ignore my suggestion. Think difficult to know insider trades.