Ratio Analysis in Stock Investor Pro
Posted on September 4, 2014 | Stock Investor Pro
Companies of interest can be identified through a variety of methods in Stock Investor Pro. Once you have a company that you are interested in, you can use ratio analysis to dig deeper into the company’s fundamentals to make judgments about its profitability. In this month’s Stock Investor News, we discuss some common financial ratios and demonstrate how to use SI Pro to view and compare these ratios and print out a ratio analysis report.
Generating Statistical Summary and Sector/Industry Reports
Posted on August 8, 2014 | Stock Investor Pro
Last month, we showed how to use Stock Investor Pro to create portfolios that are unique lists of stocks. Portfolios can be generated from existing screens or by manually selecting companies. In this month’s Stock Investor News, we discuss how you can generate reports to gain valuable insights into the companies as a group. We take you through the basic process of how to run the statistical summary, sector and industry reports on a defined group of stocks.
Posted on June 11, 2014 | Stock Investor Pro
One lesson many investors quickly learn is that the market is forward-looking. Security prices are dictated by expectations, and prices fluctuate as these expectations are affirmed or are proven to be unfounded. The most frequently followed measure of market expectations combines analyst projections for a company’s earnings into a consensus earnings estimate. Stock Investor Pro provides a variety of earnings estimate data from I/B/E/S, which is part of Thomson Reuters. Users will find this data on the Estimates tab of the Stock Notebook within Stock Investor Pro. In this installment of Stock Investor News, we provide a discussion of this data, as well as how it may be used in the screening process.
The Estimates tab for Google Inc. (GOOGL) shows a large number of analysts providing quarterly and annual estimates. Roughly 54% of the companies in the Stock Investor database are tracked by at least one analyst.
The consensus earnings estimate for Google’s current fiscal quarter ending June 2014 is $6.26 per share, using data as of May 16, 2014. For the current fiscal year ending December 2014, analysts are expecting Google to earn $26.75 per share. The current consensus estimate of growth in earnings per share over the next three to five years is 15.9% on an annualized basis.
Examining the range of estimates, as indicated by the high and low estimates for each period, provides an indication of the degree of consensus among the analysts. A wide range of estimates would point to great disagreement among analysts, indicating greater uncertainty and a greater chance for an earnings surprise (both positive and negative). For the current fiscal year, analysts tracking Google see earnings coming in at between $25.15 per share and $28.36 per share.
Backtesting Using Stock Investor Pro
Posted on May 18, 2014 | Stock Investor Pro
Over the years, we have received numerous questions on whether you are able to backtest using Stock Investor Pro. The answer to this question is yes, but with a caveat. There is no single-click backtest feature built into the program. However, previous Stock Investor Pro data points are archived online going back to the beginning of 2003. Using this data, you can perform a backtest manually. This installment of Stock Investor News shows you how.
Backing Up and Restoring Custom User Files
Posted on April 5, 2014 | Stock Investor Pro
One of the most useful functions of Stock Investor Pro is its ability to create custom user files. Users who work on multiple computers in different locations need to be able to access their custom files in more than one place. This issue of Stock Investor News discusses how to quickly and easily transfer your custom files using Stock Investor Pro Utilities.
Advanced Custom Screens
Posted on February 26, 2014 | Stock Investor Pro
Used Stock Investor Pro’s advanced screening functions to make your screen more powerful
An Overview of Stock Investor Pro
Posted on January 1, 2014 | Stock Investor Pro
This is Wayne A. Thorp’s presentation from the 2013 AAII Investor Conference
Predefined Stock Screens
Posted on November 1, 2013 | Stock Investor Pro
Stock Investor Pro comes pre-installed with a set of over 60 pre-defined screens.
Creating Basic Custom Screens
Posted on October 2, 2013 | Stock Investor Pro
Stock screening is the process of applying a set of quantifiable criteria to a universe of stocks to isolate those stocks that match the criteria. The way in which programs such as Stock Investor Pro perform this task is by using filters—a collection of comparison statements that are applied to the entire universe of stocks or to a subset of stocks, such as a portfolio.
WATCH VIDEO ON HOW TO ISOLATING DATA WITH VIEWS
Posted on April 9, 2013 | Stock Investor Pro
The Stock Investor Pro program currently contains two screens based on William O’Neil’s CAN SLIM approach. The first screen, listed as *O’Neil (CANSLIM) in SI Pro, is based on William O’Neil’s investing methodology outlined in the second edition of his book, “How to Make Money in Stocks.” The second screen, called *O’Neil (CANSLIM Revised), was updated to reflect the third edition of the book. Though both screens have enjoyed strong price performance over our backtesting period, AAII’s original O’Neil CAN SLIM really took off and has been one of our top-performing screens from 1998 through 2012. Recently, however, the screen has produced very few passing companies, making it increasingly difficult to utilize this screen in a balanced investing strategy.