What’s the difference between Screener In and Screener Out in Fincanva model design?

In Fincanva model design, Screener In and Screener Out are two complementary tools used to precisely define your model’s Investable Universe. They work together to include assets that meet your criteria and exclude those that don’t — even when they partially qualify.

What Is Screener In?

Screener In is used to define which assets are eligible to enter or stay in the model at each rebalance.

• It acts as a filter for inclusion, evaluating assets against your chosen criteria.

• Screener In includes its own Universe Selection step, where you define the asset types (stocks, ETPs, crypto) and descriptors (e.g., sector, region, index).

• Example:
  Include only stocks listed in the US with ROE > 15% and momentum above the sector average.

Use Screener In to set the initial scope of what your model is allowed to consider.

What Is Screener Out?

Screener Out is used to explicitly exclude assets — even if they pass the Screener In filter.

• It acts as an override filter to remove assets that meet exclusion criteria.

• Screener Out does not include a Universe Selection step. Instead, it operates only on the universe defined by the model itself (i.e., assets already eligible or held by the model).

• Example:
  Exclude any asset with volatility above 50%, regardless of other metrics.

Use Screener Out to apply final restrictions such as risk caps, ethical screens, or regulatory exclusions.

How They Work Together

You can think of Screener In and Screener Out as a two-layer filter:

This dual-filter setup gives you full control over asset selection. It allows for nuanced strategies that balance opportunity with risk and constraint management.