---
title: Cash Equivalent Score Filter
description: "  ![](https://portfolioboss.com/wp-content/uploads/2022/08/5svbtsvfaf_00000.png) ![](https://portfolioboss.com/wp-content/uploads/2022/08/56y7srebysts_00000.png)   This filter looks at the [ranking](https://portfolioboss.com/documentation/ranking-panel-guide/) of the cash-equivalent (that you set on the [\"Cash Equivalent\"](https://portfolioboss.com/documentation/system-settings-panel-guide/#cashequivalent) rule), as well as the ranking of each of your instruments.   ![](https://portfolioboss.com/wp-content/uploads/2022/08/4e56e6swnj4e57_00000.png)   If the instrument ranks higher than…"
url: "https://portfolioboss.com/documentation/cash-equivalent-score-filter/"
updated: "2022-08-27"
category: "Chapter 7 - Filters & Rules"
---

# Cash Equivalent Score Filter

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/5svbtsvfaf_00000.png)

![](https://portfolioboss.com/wp-content/uploads/2022/08/56y7srebysts_00000.png)

 

This filter looks at the [ranking](https://portfolioboss.com/documentation/ranking-panel-guide/) of the cash-equivalent (that you set on the ["Cash Equivalent"](https://portfolioboss.com/documentation/system-settings-panel-guide/#cashequivalent) rule), as well as the ranking of each of your instruments.

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/4e56e6swnj4e57_00000.png)

 

If the instrument ranks higher than the cash-equivalent, that instrument will be considered as a Position. The ranking here is based on the Ranking Rules that you added for this strategy.

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/r6yrndnrn_00000.png)

 

This filter also exists as a [Sell Filter](https://portfolioboss.com/documentation/sell-filters-panel-guide/), in which the Position's ranking must be lower than the cash-equivalent's ranking for it to be closed.

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/r5y46nestbesn_00000.png)

 

The way to use this filter depends on the Ranking Rules you have set for the strategy.

For example, if the Ranking Rules favor those high-gain and less volatile instruments, then this filter will only select those instruments that have higher gain (as well as being less volatile) than the cash-equivalent, because there's no point investing in something whose volatility is higher than the cash-equivalent Bonds (such as SHY) while the return is also lower; better park that money in the safe-haven of SHY.

In essence, this filter decides whether trading the instruments is more profitable than trading the Cash Equivalent.

 

---

 

### Note:

 

Your strategy must use cash-equivalent (as set on the "System Settings" panel), instead of cash, to be able to use this as a **Buy Filter**. Otherwise a warning message is shown there:

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/e456sbdsbtgesgn_00000.png)

 

But you can still use this as a Sell Filter even if a strategy uses "Cash". The Positions will then exit if their rankings are lower than "cash":

 

![](https://portfolioboss.com/wp-content/uploads/2022/08/rtye5h6w36bgw_00000.png)