Stock Screening - Select Your Own Trading & Investing Ideas That Beat The Market by Morrison Daniel

Author:Morrison, Daniel [Morrison, Daniel]
Language: eng
Format: epub
Publisher: Daniel Morrison
Published: 2013-03-22T23:00:00+00:00

Fundamental Screeners

A stock screener works the exact same as a used car website. But instead of searching for leather seats, you’re looking for measures of future profitability. Just like the car site - if you know what you’re looking for, then you can find a real gem. If not, there is a good chance you’ll pick up a total banger that will cost you more money further down the line.

Most stock screeners are free, however some are not. It’s easy to spend a small fortune on investment tools, and while they may be worth the investment, it means that you’ll need a larger pot of capital to make the investment profitable. For that reason, I include mostly free tools, but with some real gems that might be worth the upgrade at some time in the future.

When you are choosing a stock screener, you should consider what functionality you require. Below are a few essential things you should look for:

* The ability to export to Excel and save the data for later analysis.

* Access to the publication data of the data that is used to produce the screening results.

* The ability to export the results to a portfolio or watch list.

* Historical comparisons that allow you to compare different time frames.

* Easy to use functions or comprehensive instructions on how to use the screener.

* Does the screener have relative comparisons to the sector averages or index, or does it review the data against the whole market.

* The ability to sort the results by any desired field.

* A simple back testing tool.

* An analyst ranking system.

* Custom formulas and the ability to save for use at a later time without the need to re-enter all the variables.

There are many things to consider when looking for the ideal tool, you may not find it does everything perfectly - believe me, I have tried. However you will find tools that match the 'almost ideal' criteria.

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