Stocks with low volatility and momentum for September 2021

Published: September 1, 2021 at 9:27 pm

Here is a list of stocks with low volatility and momentum for September 2021 from the Nifty 100. You can also get the historical data from March 2019 to September 2021.  We filter Nifty 100 for (1) positive 1-year return, (2) positive six-month return, (3) price > 200-day moving average, (4) 50% of daily positive returns, (5) lowest volatility.

What is low volatility investing? Low volatility investing refers to identifying stocks with low price fluctuations and investing in them. Again this is based on past evidence: Low volatility stock investing: Does it work? Higher returns at lower risk?

What is momentum investing? Invest in stocks that have moved up considerably over the past 6-12 months, hoping that the trend will continue (for a short period). Relevant data and links for the Indian and US markets are discussed here: Momentum Stock Investing in India: Does it work?.

There is a close connection between momentum investing and low volatility. In fact, most momentum stock-picking strategies also include a way to filter out stocks based on volatility. They prefer stocks that have moved up in the past (= momentum) with low volatility. Another closely related idea is to hunt for stocks that have stayed close to their all-time price highs.

Warning: Whether you choose stocks with momentum or low volatility, or both, it is important to recognize when to sell the stocks. This kind of trend following requires serious levels of discipline and commitment. You should be able to buy a stock without question and sell it without question in a short period of time if it no longer has enough momentum and/or low volatility. If you get distracted by the stocks’ valuation, ROE, etc. and hesitate or buy more than necessary, it will not work. Please do not blindly use this list to buy and clutter your portfolio. This list will evolve in method with time. So be prepared for this. Do your own research about momentum and low volatility investing!! Decide which to give more priority to – low volatility or momentum. The standard past performance is not representative of future performance disclaimer applies here. No method may work all the time.


Momentum Investing in India

You can watch this video version of the above-linked post to get an introduction to momentum investing

Low Volatility Investing in India

Suppose p1 is the previous day closing price, and p2 is today’s closing price. Daily return is defined as (p2-p1)/p1. This is the percentage change in price. When we compute these daily returns’ standard deviation, we assume that they fall on a bell curve. This is wrong. The next better step would be to assume that the log return defined as log (p2) – log(p1) falls on a bell curve.

This is also not an accurate approximation as market returns are fractal in nature. However, this is a closer approximation. So for creating low volatility indices, the standard deviation of log returns are used. However, there is not much of a difference for the present case, and you could use just the ordinary standard deviation.

Why should returns fall on a bell curve? If they do not, then both the “average” and “standard deviation” have no meaning!!

How to use this screener?

You can use it in multiple ways. Here are some suggestions.

To screen for low volatility stocks:

  1. Sort by an increasing standard deviation
  2. Ensure returns over the last 6 months and 1Y are positive with a good amount of positive daily returns.
  3. Choose stocks with the lowest volatility.

To screen for momentum stocks:

  1. Remove stocks with negative 6 months AND 1Y returns.
  2. Remove stocks with 50% or lower positive daily returns.
  3. Remove stocks with a current price lower than the last 200-day average.
  4. Sort remaining stocks by increasing standard deviation.
  5. Choose stocks with low volatility and high momentum (high 6 month or 1Y returns).

Note: Frequent trading may be necessary for both approaches. If the stock does not meet the above criteria in the next month’s screener, you will have to sell in full and replace it with another regardless of tax. As mentioned above, last months history is provided with this months sheet. I shall continue to add to this history in subsequent months.

Get the stock lists!

  1. If you want September 2021 data alone, the cost is Rs. 111.
  2. If you want monthly historical data: March 2019 to September 2021, the price is  Rs. 500. This will help you spot consistently low volatile stocks.
  3. This purchase gives you access to exclusive discounts to the two courses we run:  How to get people to pay for your skills (aka earn from skills) with 584 members and the lectures on goal-based portfolio management with 2525 members!
  4. While I will do my best to publish updated screener sheets each month, I cannot guarantee the same.
  5. The file does not contain any buy or sell recommendations and only has data derived from price information.
  6. Enough care and effort have been put in to weed out errors; however, I cannot guarantee that the sheet is free of error.
  7. The buyer will have to do their own research about using the information in the spreadsheet. No recommendations or assistance is included in the sheet and will not be provided separately.
  8. I will not provide any further help or assistance in using the sheet.

If you want historical data of qualifying stocks from March 2019 to September 2021: Click here to pay Rs. 500 and download the Nifty 100 momentum low volatility screener with historical data. 

Living outside India? You can pay via this Paypal link (9 USD) and send a mail to freefincal at Gmail.

If you want September 2021 qualifying stocks alone: Click here to pay Rs. 111 and download the September 2021 Nifty 100 momentum low volatility screener.

Living outside India? You can pay via this Paypal link (3 USD) and send a mail to freefincal at Gmail.

By clicking, you agree to the terms in the important information section above. Do not forget to download the sheet after you pay (you will get an email with a download link after payment)!!

Do share if you found this useful

Use our Robo-advisory Excel Template for a start-to-finish financial plan! Now with a new demo video!  More than 640 investors and advisors use this!
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 2525 investors and advisors are part of our exclusive Facebook Group! Get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos in an exclusive Facebook Group! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 585 salaried employees, entrepreneurs and financial advisors are part of our exclusive Facebook Group! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos in an exclusive Facebook Group!   
My new book for kids: “Chinchu gets a superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both boy and girl version covers of Chinchu gets a superpower.
Most investor problems can be traced to a lack of informed decision making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, if we had to groom one ability in our children that is key not only to money management and investing but for any aspect of life, what would it be? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parent’s plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Did you know? We have more than 1000+ videos on YouTube to explore! Join our YouTube Community!

Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!), or you buy the new Tactical Buy/Sell timing tool!
We publish mutual fund screeners and momentum, low volatility stock screeners .every month.
About the Author Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored three print books, You can be rich too with goal-based investing (CNBC TV18), Gamechanger, Chinchu Gets a Superpower! and seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations based on money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association, IIST Alumni Association. For speaking engagements, write to pattu [at] freefincal [dot] com
About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any paid articles, promotions, PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions, seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)
Free android apps