How to Backtest Yourself
All screens were created and backtested using StockScreen123, an outstanding service if you are serious about creating strategies and testing ideas.
Quick Screen Summary
Screens for stocks where the price of the stock is trading below the Net Net Working Capital (NNWC).
NNWC = Cash & Equivalents + (Accounts Receivables x 0.75) + (Inventory x 0.5) - Total Liabilities
NNWC is more conservative than NCAV as it discounts certain items of the balance sheet.
NNWC can be considered as the liquidation value.
Read more: NCAV NNWC backtest