{"id":22390,"date":"2024-03-29T13:27:32","date_gmt":"2024-03-29T05:27:32","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=22390"},"modified":"2024-08-13T15:50:44","modified_gmt":"2024-08-13T07:50:44","slug":"measuring-stock","status":"publish","type":"insight","link":"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/","title":{"rendered":"Should we Buy Measuring Stocks? Backtest performance of measuring stocks"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full caption-align-center\"><img fetchpriority=\"high\" decoding=\"async\" width=\"6000\" height=\"4000\" src=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash.jpg\" alt=\"Measuring stock\" class=\"wp-image-21851\" style=\"aspect-ratio:1.5;object-fit:cover\" srcset=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash.jpg 6000w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-300x200.jpg 300w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-1024x683.jpg 1024w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-150x100.jpg 150w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-768x512.jpg 768w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-1536x1024.jpg 1536w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/nick-chong-N__BnvQ_w18-unsplash-2048x1365.jpg 2048w\" sizes=\"(max-width: 6000px) 100vw, 6000px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@nick604?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" target=\"_blank\" rel=\"noopener\">Nick Chong<\/a> on <a href=\"https:\/\/unsplash.com\/photos\/black-flat-screen-computer-monitor-N__BnvQ_w18?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" target=\"_blank\" rel=\"noopener\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a10ab11d9647\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a10ab11d9647\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Highlight\" >Highlight<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Measuring_stock_data_selection\" >Measuring stock data selection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Executing_the_Trading_Strategy\" >Executing the Trading Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#So_is_Measuring_Stock_a_Buy_Performance_Evaluation_Using_Pyfolio\" >So, is Measuring Stock a Buy? Performance Evaluation Using Pyfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/insight\/measuring-stock\/#Extended_Reading\" >Extended Reading<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlight\"><\/span>Highlight<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Article Difficulty: \u2605\u2606\u2606\u2606\u2606<\/li>\n\n\n\n<li>Should measuring stocks be bought? Explore the relationship between measuring shares and weighted compensation.<\/li>\n\n\n\n<li>You can use the TQuant Lab backtesting platform to write, buy, sell, and dispose of stocks and backtest risk and performance.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>What are measuring stocks? <mark style=\"background-color:rgba(0, 0, 0, 0);color:#0772e3\" class=\"has-inline-color\">The stock index deals with stocks with abnormal trading conditions<\/mark>. What is abnormal trading status? The stock exchange has a classification mechanism. Before a stock is included in the &#8220;Measuring Stocks&#8221; list, it will be listed as &#8220;Attention Stocks&#8221; for a period of time. The &#8220;Attention Stocks&#8221; selection criteria are actually precursors to abnormal trading conditions. <mark style=\"background-color:rgba(0, 0, 0, 0);color:#0772e3\" class=\"has-inline-color\">&#8220;Attention stocks&#8221; are defined as stocks that may be classified as attention stocks if their cumulative rise or fall in six days exceeds 25%.<\/mark> This kind of abnormal trading situation is usually based on several conditions, such as the range of increase and decrease, turnover rate, and whether the trading volume is reported to be significant. The competent authorities have formulated this cooling mechanism for warning handling to reduce investor risks and avoid overheating.<\/p>\n\n\n\n<p>The stock 00940, which has recently gained significant attention, has also been noticed by the competent authorities. Despite not being listed on the market yet, it has managed to raise over 170 billion. If it does get listed, given its current popularity, it could be classified as a note stock or even a measuring stock by the authorities. This raises the question of whether measuring stocks are a terrible investment target. To answer this, we will conduct a simple buy and hold backtest on the performance of measuring stocks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Measuring_stock_data_selection\"><\/span>Measuring stock data selection<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>We will search for all stocks listed as measuring stocks by the Financial Supervisory Commission from 2020\/01\/01 to 2023\/12\/31 as investment targets.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Editing Environment and Module Requirements<\/h3>\n\n\n\n<p>This article uses Windows and Jupyter Notebook as the editor.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Data Importation<\/h3>\n\n\n\n<pre class=\"wp-block-code\"><code>import os\nimport pandas as pd\nimport TejToolAPI \nfrom zipline.data import bundles\nfrom logbook import Logger, StderrHandler, ERROR\nfrom zipline.sources.TEJ_Api_Data import get_universe\n\nos.environ&#91;'TEJAPI_KEY'] = \"your key\"\nos.environ&#91;'TEJAPI_BASE'] = \"https:\/\/api.tej.com.tw\"\n\nstart = '2020-01-01'\nend = '2023-12-31'\npool = get_universe(start, end, mkt = &#91;'TWSE', 'OTC'], stktp_c = '\u666e\u901a\u80a1')\n\nos.environ&#91;'mdate'] = start + ' ' + end\nos.environ&#91;'ticker'] = ' '.join(pool) + ' ' + 'IR0001'\n!zipline ingest -b tquant<\/code><\/pre>\n\n\n\n<p>The data period is from 2020-01-01 to 2023-12-31, and the weighted return index IR0001 is added as a market comparison.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Establishing the daily trading environment<\/h3>\n\n\n\n<p>The<strong> <code>initialize()<\/code><\/strong> function is used to define the daily trading environment before the start of trading. In this example, we set:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Slippage cost<\/li>\n\n\n\n<li>Commission fees<\/li>\n\n\n\n<li>Returns index (<em>IR0001<\/em>) as the benchmark index<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Creating the trading strategy<\/h3>\n\n\n\n<p><strong><code>before_trading_start()<\/code><\/strong> is similar to<strong> <code>handle_data()<\/code><\/strong>. It is called daily after the start of backtesting and is mainly responsible for setting trading strategies, placing orders, and recording trading information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Executing_the_Trading_Strategy\"><\/span>Executing the Trading Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><code><strong>Run_algorithm()<\/strong> <\/code>is used to execute the momentum factor strategy as configured. The trading period is set from <code>start_dt<\/code> (2020-01-01) to <code>end_dt<\/code> (2023-12-31), using the dataset <em>tquant<\/em>, with initial capital of ten million dollars. The output <code>results<\/code> represent daily performance and trading details.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full caption-align-center\"><img decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1.jpg\" alt=\"Measuring stock\" class=\"wp-image-22249\" srcset=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1.jpg 1280w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1-300x169.jpg 300w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1-1024x576.jpg 1024w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1-150x84.jpg 150w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/result-1-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption class=\"wp-element-caption\">Trading Details<\/figcaption><\/figure>\n\n\n\n<div style=\"border: 1px black; border-style: solid none; text-align: center; border-color: #296580; padding: 24px; margin-top: 24px; margin-bottom: 24px;\">\n<p style=\"margin: 0px; font-size: 24px; font-weight: bold; line-height: 1.5;\">Start Building Portfolios That Outperform the Market!<\/p>\n<div style=\"margin-top: 32px;\"><strong><a style=\"border: none; border-radius: 4px; background-color: #296580; color: white; font-size: 20px; width: fit-content; text-decoration: none; padding: 12px 30px 12px 30px;\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/databank-solution\/market-data\/\">TEJ Market Databank<\/a><\/strong><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"So_is_Measuring_Stock_a_Buy_Performance_Evaluation_Using_Pyfolio\"><\/span>So, is Measuring Stock a Buy? Performance Evaluation Using Pyfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<pre class=\"wp-block-code\"><code>import pyfolio as pf\nfrom pyfolio.utils import extract_rets_pos_txn_from_zipline\n\nreturns, positions, transactions = pf.utils.extract_rets_pos_txn_from_zipline(results)\nbenchmark_rets = results.benchmark_return\n\n# Creating a Full Tear Sheet\npf.create_full_tear_sheet(returns, positions = positions, transactions = transactions,\n                          benchmark_rets = benchmark_rets,\n                          round_trips=False)<\/code><\/pre>\n\n\n\n<figure class=\"wp-block-image size-full caption-align-center\"><img decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2.jpg\" alt=\"Measuring stock\" class=\"wp-image-22237\" srcset=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2.jpg 1280w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2-300x169.jpg 300w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2-1024x576.jpg 1024w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2-150x84.jpg 150w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u8207\u5927\u76e4\u6bd4\u8f03-2-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption class=\"wp-element-caption\">Backtesting Performance Compared to Benchmark<\/figcaption><\/figure>\n\n\n\n<p>As seen from the chart above, <strong>we have obtained an annualized return of approximately 19.71% during these 46 months through buying and selling measuring stocks, and the cumulative return is approximately 100%. <\/strong>The performance is barely in line with the market. However, buying and selling measuring stocks is a riskier investment strategy than the broader market. Because the characteristic of measuring stocks is that the buying and selling time is longer, investors cannot conduct transactions promptly, resulting in a lower willingness to hold. Therefore, when a stock falls into a period of decline, the decline will be significantly more significant than the broader market, resulting in sluggish strategy performance. The competent authorities will list a stock as a measuring stock because the turnover and increase rates are too abnormal compared with past performance. Therefore, before buying an overheated stock, you must first anticipate whether the stock will be listed as a note or measuring stock by the regulatory authorities to avoid exposure to more significant risks than other stocks.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1277\" height=\"435\" src=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6.jpg\" alt=\"Measuring stock\" class=\"wp-image-22241\" srcset=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6.jpg 1277w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6-300x102.jpg 300w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6-1024x349.jpg 1024w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6-150x51.jpg 150w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\u6708\u5831\u916c-6-768x262.jpg 768w\" sizes=\"(max-width: 1277px) 100vw, 1277px\" \/><figcaption class=\"wp-element-caption\">Monthly Return Variation Chart<\/figcaption><\/figure>\n\n\n\n<p>As seen from the chart above, the monthly return of the investment strategy of buying and selling measuring stocks is poor and has a very high rate of negative returns. Investors will be under considerable pressure when adopting this investment strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In this implementation, we selected measuring stocks as investment targets and used TQuant Lab to conduct a backtest performance analysis of buying, selling, and holding targets. Judging from the study&#8217;s results, <mark style=\"background-color:rgba(0, 0, 0, 0);color:#0772e3\" class=\"has-inline-color\">measuring stocks&#8217; annual return and cumulative return rates are barely the same as those of the broader market, but the risks investors bear are pretty high<\/mark>. When two groups of investment strategies have the same profit, investors should choose the investment target with lower risk as the investment target to avoid the problem of mismatch between risk and return.<\/p>\n\n\n\n<p>The author believes that blindly following overheated stocks will be extremely risky. Buffett once said: &#8220;Others are fearful, and I am greedy.&#8221; This means that when others enter the market with a hot head, you follow; when others are bullish, you also Follow the stop loss, but the real winner is not to look at the current situation but to look carefully from a distance. Therefore, investors should think from a long-term perspective and avoid unthinkingly following market fluctuations. Evaluating and considering multiple perspectives when purchasing a stock is essential to ensure you are making an informed investment decision.<\/p>\n\n\n\n<p>Therefore, readers interested in various trading backtesting scenarios are welcome to purchase relevant solutions from<a href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/databank-solution\/market-data\/\" class=\"ek-link\"><span style=\"text-decoration: underline;\" class=\"ek-underline\">\u00a0TEJ Market Data<\/span><\/a> to construct their trading strategies using high-quality databases.<\/p>\n\n\n\n<p>This is a gentle reminder that <strong>this strategy is for reference only and does not represent advice on commodities or investments.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size\" style=\"font-size:22px\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/databank-solution\/market-data\/\" style=\"border-radius:16px;background:linear-gradient(135deg,rgb(160,209,216) 0%,rgb(51,145,181) 50%,rgb(50,95,191) 100%)\"><strong>Access to Comprehensive Market Data<\/strong><br><strong>Start Building Portfolios That Outperforms the Market Today!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:32px\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><strong><em>&#8220;Taiwan stock market data, TEJ collect it all.&#8221;<\/em><\/strong><\/mark><\/p>\n\n\n\n<p>The characteristics of the Taiwan stock market differ from those of other European and American markets, and <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\"><span style=\"text-decoration: underline;\" class=\"ek-underline\">the dynamics of retail investors are worth noting<\/span><\/mark>. Especially in the first quarter of 2024, with the <strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#c05d5d\" class=\"has-inline-color\">Taiwan Stock Exchange reaching a new high of 20,000 points<\/mark><\/strong> due to the rise in TSMC&#8217;s stock price, global institutional investors are paying more attention to the performance of the Taiwan stock market.&nbsp;<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#0978b8\" class=\"has-inline-color\">Taiwan Economical Journal (TEJ)<\/mark><\/strong>, a financial database established in Taiwan for over 30 years, serves local financial institutions and academic institutions, and has long-term cooperation with internationally renowned data providers, providing high-quality financial data for five financial markets in Asia.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color has-black-color\">Complete Coverage<\/mark><\/strong>: Includes all listed companies on stock markets in Taiwan, China, Hong Kong, Japan, Korea, etc.&nbsp;<\/li>\n\n\n\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color\">Comprehensive Analysis of Enterprises<\/mark><\/strong>: Operational aspects, financial aspects, securities market performance, ESG sustainability, etc.&nbsp;<\/li>\n\n\n\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color\">High-Quality Database<\/mark><\/strong>: TEJ data is cleaned, checked, enhanced, and integrated to ensure it meets the information needs of financial and market analysis.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>With TEJ&#8217;s assistance, you can access relevant information about major stock markets in Asia, such as securities market, financials data, enterprise operations, board of directors, sustainability data, etc., providing investors with timely and high-quality content. Additionally, TEJ offers advisory services to help solve problems in theoretical practice and financial management!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size\" style=\"font-size:21px\"><a class=\"wp-block-button__link has-background has-text-align-center wp-element-button\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/contact\/\" style=\"border-radius:16px;background:linear-gradient(135deg,rgb(160,209,216) 0%,rgb(51,145,181) 50%,rgb(50,95,191) 100%)\"><strong>Want to Learn More About Our Databases?<br>Contact Us and Get the Free Trial!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extended_Reading\"><\/span>Extended Reading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/tejwin20260323.j.webweb.today\/wp-admin\/post.php?post=21498&amp;action=edit&amp;lang=en\" class=\"ek-link\">TQuant Lab Price Momentum Factor Strategy: The Market Favors the Strong<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/tejwin20260323.j.webweb.today\/wp-admin\/post.php?post=21260&amp;action=edit&amp;lang=en\" class=\"ek-link\"><\/a><a href=\"https:\/\/tejwin20260323.j.webweb.today\/wp-admin\/post.php?post=21260&amp;action=edit&amp;lang=en\" class=\"ek-link\">TQuant Lab Warren E. Buffett\u2019s Business Investment Rules<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This article selects disposal stocks as investment targets and uses TQuant Lab to conduct backtest performance analysis of buy, sell, and hold targets to confirm whether the investment strategy of popular stocks is a profitable and well-performing target.<\/p>\n","protected":false},"featured_media":21852,"template":"","tags":[3063,3164,2988,3166,2537],"insight-category":[690,50,1356],"class_list":["post-22390","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-backtesting-2","tag-data-analysis-2","tag-quantitative-analysis","tag-tquant-lab-2","tag-2537","insight-category-data-analysis","insight-category-fintech","insight-category-tquant-lab-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/insight\/22390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":13,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/insight\/22390\/revisions"}],"predecessor-version":[{"id":27256,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/insight\/22390\/revisions\/27256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/media\/21852"}],"wp:attachment":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/media?parent=22390"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/tags?post=22390"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/insight-category?post=22390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}