I have a script that I'm backtesting which eliminates any stocks under $15. It looks like there are a number of stocks that have not been adjusted for stock splits. For example, when I run the script it eliminates FTO prior to 6/1/2005 because the price is $11.72. This stock had a 2:1 split on 6/20/2005 and again 2:1 split on 6/27/2006. Technically, when the stock traded back on 6/1/2005 the price should have been much higher, around $47. It happens on HANS as well. I'm sure there are many others.

Am I misunderstanding this, or is Fidelity not adjusting for stock splits ? Is there a solution ?

thx

QUOTE:
Is there a solution ?

If a split is not automatically processed:
1. right click and process the split manually, or,
2. right click and Reload the chart history.

QUOTE:
I have a script that I'm backtesting which eliminates any stocks under $15.

Are you properly backtesting this method by UNadjusting for splits?

QUOTE:
Are you properly backtesting this method by UNadjusting for splits?

No, I guess I'm not UNadjusting for splits. Fidelity appears to properly adjust for splits going forward, but not going back in time. It poses a problem, in particluar, when using scripts to eliminate stocks not meeting a minimum price (my example: $15).

I was hoping that Fidelity would be more accurate that if I went back in time and looked at a stock price (from a script) it would be the price "at that time", not after it's been split a number of times.

How does one go about UNadjusting for stock splits (from a script perspective) ?

thx.

QUOTE:
How does one go about UNadjusting for stock splits (from a script perspective) ?

The easiest way would be to see how the Rule Wizard handles it. Open up a new rule-based strategy, throw in an entry order, then go to the Conditions tab, expand the "Price (or Volume) Action" group and add the following item:

Price is above (or below) a value (backtest)

Then you just have to open the code in a new window. Note that you'll need to add a reference to WealthLab.Rules to your strategy for that method to work.

thx. I think that will work.

QUOTE:

The easiest way would be to see how the Rule Wizard handles it. Open up a new rule-based strategy, throw in an entry order, then go to the Conditions tab, expand the "Price (or Volume) Action" group and add the following item:

Price is above (or below) a value (backtest)

Then you just have to open the code in a new window. Note that you'll need to add a reference to WealthLab.Rules to your strategy for that method to work.

This is very useful advice.

I was just struggling this morning trying to figure out how to throw out <$10 stocks without throwing out stocks that have split-adjusted in the distant past to below $10.

This fix is much appreciated - thanks!

I am having the following issue with ABX in 1993. Stock Split 2/1 in 3/2/1993 and I right click and adjust. It seems that the adjustment does not get "stored." Is there a way to make it permanent? I checked data on Bloomberg. Thanks.

What data provider is it (ABX)?
How exactly is the adjustment not "stored"?