What makes a good stock screener?
A good stock screener enables users to look for the stocks with any search criteria or metrics that they want. A stock screener can be used to perform numerical analysis, focusing on tangible parameters such as profit margins, revenue, and performance ratios.
In other words, screening focuses on tangible variables such as market capitalization, revenue, volatility, and profit margins, as well as performance ratios such as the P/E ratio or debt-to-equity ratio (D/E).
- Best for Day Trading: Trade Ideas.
- Best for Swing Traders: FINVIZ.
- Best Free Option: ZACKS (NASDAQ)
- Best for Buy-and-Hold Investors: Stock Rover.
- Best for Interactive Charting: TC2000.
- Best for Global Investing: TradingView.
How do you screen a stock in India? For screening stocks in India, fundamental analysis is most crucial. Few ratios considered are earnings per share (EPS), debt to equity ratio, price to earning ratio, return on equity (ROE), current ratio and dividend.
Growth Stock Screener
Key metrics include Return on Invested Capital (ROIC), Equity Growth Rate, Earnings Growth Rate, Sales Growth Rate, Free Cash Flow (FCF) Growth Rate, Debt, Price-to-Earnings Growth (PEG) Ratio, and Margin of Safety Price, emphasizing efficiency, profitability, and market valuation.
| Stock Screener | Free Version | Paid Version |
|---|---|---|
| Stock Rover | ✅ | $80 to $280 per year |
| Trade Ideas | ✅ | $999 to $1,999 per year |
| Benzinga Pro | ❌ | $324 to $1,404 per year |
| TradingView | ✅ | $180 per year |
- Price-to-earnings ratio (P/E)
- Debt-equity ratio (D/E)
- Return on equity (ROE)
- Earnings yield.
- Dividend yield.
- Current ratio.
- Price-earnings to growth ratio (PEG)
- Price-to-book ratio (P/B)
What's the difference between a stock screener and a stock scanner? Stock screeners are different from stock scanners, which are designed for constant monitoring and use real-time stock data. Stock scanners are designed for traders who want pricing information as it is happening.
A scanner, also referred to as a stock screener, is a program or a service that filters the markets to find stocks that meet a specific set of criteria. The criteria can be preset and also configured by the user. Scanners comb through millions of datapoints to help you find trading opportunities.
| S.No | Best Stock Advisory Firms | Company Management |
|---|---|---|
| 1. | Research and Ranking | Manish Goel |
| 2. | Bajaj Capital limited | Rajiv Bajaj |
| 3. | HMA Trading | Hemma Guptaa |
| 4. | Kotak Private Equity Group | Uday Kotak |
What is magic formula in stock market?
The magic formula is a simple, rules-based system designed to bring high returns within reach of the average investor. By following a simple, algorithmic approach, the magic formula allows investors to easily identify outperforming or undervalued companies, without letting emotions or instinct cloud their judgment.
- TradingView - Best Stock Screener (website)
- ChartMill - Best for Casual Traders.
- FINVIZ - Best Fundamental Screening.
- Seeking Alpha - Best Independent Ratings.
- Stock Rover - Handy Thumbnail Charts.
- Yahoo Finance - Free and Easy.
- MarketSmith - Best for CAN SLIM investors.
One of the most common methods of analyzing stocks is to look at the P/E ratio, which compares a company's current stock price to its earnings per share. P/E is found by dividing the price of one share of a stock by its EPS. Generally, a lower P/E ratio is a good sign.
| S.No. | Name | NP Qtr Rs.Cr. |
|---|---|---|
| 1. | Guj Pipavav Port | 110.28 |
| 2. | Mindteck (India) | 7.19 |
| 3. | Lak. Mach. Works | 98.77 |
| 4. | Savita Oil Tech | 68.35 |
This ratio is used to assess the current market price against the company's book value (total assets minus liabilities, divided by number of shares issued). To calculate it, divide the market price per share by the book value per share. A stock could be overvalued if the P/B ratio is higher than 1.
- Avenue Supermarts Ltd. Retail - Department Stores.
- Coal India Ltd. Mining - Coal.
- Varun Beverages Ltd. Soft Drinks.
- Eicher Motors Ltd. Trucks & Buses.
- Oil India Ltd. Upstream Oil & Gas.
- Colgate-Palmolive (India) Ltd. Consumer Goods.
- Abbott India Ltd. Pharmaceuticals.
- CRISIL Ltd. Credit Rating.
As far as Nifty is concerned, it has traded in a PE range of 10 to 30 historically. Average PE of Nifty in the last 20 years was around 20.* So PEs below 20 may provide good investment opportunities; lower the PE below 20, more attractive the investment potential.
Charles Schwab is a leading U.S. stock brokerage firm with $8.56 trillion under management and 35 million active brokerage accounts.
| Symbol | Name | Price (Intraday) |
|---|---|---|
| TSLA | Tesla, Inc. | 175.79 |
| PLTR | Palantir Technologies Inc. | 23.01 |
| AAPL | Apple Inc. | 171.48 |
| ROIV | Roivant Sciences Ltd. | 10.54 |
StocksToTrade — Best Overall Undervalued Stock Screener
It's also great for screening for undervalued stocks — it has indicators like EPS and P/E ratio built in. Its true strength is in trading though. If you have a strategy balanced between long-term and short-term trading, it's an awesome resource!
What are the best undervalued stocks to buy right now?
- PayPal. PayPal (PYPL 0.63%) is by far one of the most undervalued stocks in the market. ...
- MercadoLibre. MercadoLibre (MELI -0.70%) is often dubbed the "Amazon of Latin America," but it's a lot more than that. ...
- Airbnb. ...
- dLocal. ...
- Visa.
The first step in identifying undervalued stocks is to analyse the company's financials. This includes reviewing its revenue, profits, debt levels, and cash flow. Investors should look for companies that have a stable revenue and earnings growth trajectory, low debt-to-equity ratio, and consistent cash flows.
Stock screeners are powerful tools that allow investors to filter and analyze stocks based on specific criteria, streamlining the process of identifying investment opportunities. These platforms provide users with the ability to customize searches, leverage technical analysis tools, and access real-time data.
The FinViz scanner is most valuable as a stock screener to stock and equity index traders. While it's of far greater value to traders of individual stocks, those who trade index futures, options, and ETFs find it useful. They can see what is driving index price levels.
GuruFocus. GuruFocus offers the most comprehensive value investing website. It provides a wide range of data and tools that allow investors to pick stocks based on the performance of the underlying businesses.
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