The Adjusted Slope 90 days indicator is equal to the annualized exponential regression slope multiplied by the coefficient of determination (R2) over the past 90 trading days.
What is means in easy to understand English
In easy to understand English, the Adjusted Slope 90d shows you how much the share price of a stock could increase over a year if you assume the increase over the past 90 trading days continues for the remainder of the year. AND this value is adjusted for how well the calculated increase matches the real increase in the stock price.
How the Adjusted Slope 90 days is calculated
The lookback period is 90 trading days.
The calculation uses the natural logarithm of the dividend-adjusted close price, which adds back all dividends paid since the start of the lookback window to the raw closing price. Stock splits are also reflected in the underlying price data.
The OLS (ordinary least squares) regression slope is calculated over a sequential row number (1, 2, 3, to 90), then annualised using 250 trading days as a compounding factor: Annualised Slope = (1 + daily slope)^250 - 1. This annualised slope is then multiplied by R² (how well the regression line fits the actual price) to give the Adjusted Slope.
No smoothing (no moving average of any kind) is applied to the result.
The value is multiplied by 100 before it is displayed in the screener. So a displayed value of 40 means the adjusted annualised slope is 40%. The screener is updated once per day using the latest end-of-day closing price.
Where can you find it?
In the screener you can use the Adjusted Slope 90d indicator either as a primary factor or as a column in the results of your screen.
How to select Adjusted Slope 90d as a primary screening factor
How to select Adjusted Slope 90d as an output column
What is good and what bad?
The higher the Adjusted Slope 90d value the better as it means the share price has increased a lot over the past 90 trading days and that the calculated increase in the stock price closely fits the real increase in the stock price.
You can select the best Adjusted Slope 90d values by setting the slider from 0% to 10% or by sorting the output column from high to low (to sort the column click on the column heading).
How to select the best Adjusted Slope 90d values
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