dcstrade (96.28)

Tracking MFI/CAPS by sector

February 07, 2009 – Comments (5) | RELATED TICKERS: SJT , HGT

I've updated the charts at CAPS/MFI Tracker, and I've added a column to the tables of currently screened out Magic Formula stocks, called "sector."  This is something I've been interested in doing some more research on, and I will probably, at some point, try making up a visual breakdown of current MFI stocks by CAPS rating and sector.  So far I've just had time to take the first step of making the sector names accessible.  These names are derived from the Google Finance page for each stock, and are unfortunately sometimes misleading.  For example SJT and HGT are oil, gas and resource trusts, but are considered to be in the "Financials" sector.  So my point is it might take some time to derive meaningful correlations between sector and CAPS ratings, but I think it is worthwhile.