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Stability of Indicator

I am currently working on a project and one way I want to filter stocks is by how stable their ROIC, FCF, etc. have been over time. 

This would serve to get companies that consistently have a high free cash flow, and in turn have a stable business.

One potential way would be to get the standard deviation over the mean over the past couple of years.

Does anyone know how to implement this or have any other ways to calculate how stable an indicator has been over time?

This explains how to find the mean and standard deviation of price - 

Mean + Standard Deviation of Price Tutorial

Thanks

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Hi Caden,

We can implement a standard deviation indicator and then use ROIC, FCF and other fundamental data to manually update the indicator. You can learn about indicators and how to manually update them with data in the indicators documentation.

To access fundamental data, you need to implement fine fundamental universe selection.

If you have any other questions, please don't hesitate to ask!

Best
Rahul

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Thanks Rahul

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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