Screener Conditions
Condition 1:
Latest Annual Total Assets (₹ Crore) > Latest Annual Total Liabilities (₹ Crore)
Condition 2:
(Annual Price-to-Earnings Ratio / Annual PEG Ratio) < 5
Logic Behind Choosing These Conditions
These conditions help identify financially strong, fundamentally stable, and attractively valued companies. Here’s the reasoning:
Condition 1: Assets > Liabilities
This is a direct measure of balance-sheet strength.
Companies with more assets than liabilities:
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Have lower financial risk,
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Maintain better solvency,
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Can survive market downturns,
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Have a solid foundation for long-term growth.
This filter ensures you only select businesses with healthy financial positions and stable capital structures.
Condition 2: (PE Ratio / PEG Ratio) < 5
This is a blended valuation and growth filter.
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PE Ratio → price you pay for earnings
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PEG Ratio → valuation adjusted for growth
By comparing PE with PEG, we pick companies that are:
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Potentially undervalued,
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Growing at a reasonable or high rate,
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Offering better earnings potential relative to their price,
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Showing signs of being mispriced by the market (good for investors).
This helps select companies that are not only cheap but also growing — giving both value + growth benefits.
Backtest Results (Based on Your Screenshot)
Here’s the summarized performance of your screen over the last 50 daily candles (~4 months):
Best Performing Stock: JSWSTEEL
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Holding Period: 15 days
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Average Return: 2%
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Win Rate: 75.58%
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Risk–Reward Ratio: 1 : 1.13
JSWSTEEL stands out as the most consistent performer, combining strong returns with great win rate and stable distribution across holding periods.
Avg. Returns vs Win Rate (Overview)
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Top-right stocks on the scatter plot show both high win rate & high returns.
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JSWSTEEL and TITAN are among the strongest picks.
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Stocks like BAJAJ-AUTO show steady upward distributed returns, confirming stability.
Stock Performance Across Holding Periods
From your list:
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BAJAJ-AUTO → steady green trend across periods
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JSWSTEEL → upward-sloping return profile
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COALINDIA / JIOFIN / ONGC → weaker performance with red trends
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Tata Motors Passenger Vehicles (TMPV) → mixed performance, leaning weak on longer holding periods
