Price vs 52w High

Academic Research has shown that stocks close to their 52 week highs tend to outperform. This is apparently because investors use the 52- week high as an "anchor" against which they value stocks, thus they tend to be reluctant to buy a stock as it nears this point, regardless of new positive information.

As a result, investors under react when stock prices approach the 52-week high, and consequently, contrary to most investors' expectations, stocks near their 52-week highs tend to be systematically undervalued.

The formula is : Current Price - 52 week High / 52 Week High. To screen for companies that are within 10% of their 52wk high, the criteria would be Price vs.52 Week High is greater than -10 (i.e. greater / less negative than -10%).

If you wanted to set an alert for when a stock has fallen more than 20% below its high, you would set it for Price vs.52 Week High is less than -20. Although the targeted value is numerically greater than 20, because it's a negative number, it needs to be shown as "less than".