This has exceeded our expectations: our quant trading software identified the largest winner in Dow 30 and fourth largest winner in S&P 500 on May 6, 2019.
Below are the results of our daily quantitative scan of 85 stocks from the S&P 100 universe as generated by DLPAL DQ software:
The above results also include a portfolio backtest using all Dow 30 stocks for validation purposes. UNH had the best validation performance with a portfolio profit factor equal to 1.38.
UNH rose 3.69% on May 6, 2019, but from the open to the close that is relevant for DLPAL DQ signals the stock rose 5.40%, as shown in the chart below:
Below are the returns from open to close on May 6, 2019, for all signals generated after the close of May 3, 2019. The average return is 0.98%.
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Charting program: Amibroker
