Whilst we were updating our glossary, we introduced a nice new feature to our stock screener. In November 2014, we have switched to the Global Industry Classification Standard, making our industry classification much more accurate. In the stock screener, we allow users to select all stocks belonging to an industry...[more]
There have been a lot of changes to the stock screener lately and we introduced quite a few new measures in the scorecard. Our objective is now more than ever to provide a stock screener which is plug-and-play for everyone. Instead of adding in measures willy-nilly every once in a while, we only add new measures if they have strong academic research behind them and add real value to the model. We want to keep our tool sharp and focused and avoid it becoming bloated with measures with no or only minor predictive value.
For most of these measures, it's really important to keep in mind in which situations they are effective or not...[more]
It's only been a couple of weeks since we launched our scorecard and it seems to be a big success. We have served up more than 2000 reports and feedback has been very positive. The scorecard is available for free for stock screener subscribers and we now added a user manual which is available here. It provides more details behind the different parts of the scorecard such as the Piotroski F-Score section, the peer comparison on single and composite factors,....[more]
We really put a lot of effort in making our new screener as simple as possible so many users have been using it successfully without ever requiring a user guide. In some cases however, it's nice to know why certain features have been added and how you can use them to get the best results out of the screener. You can find all this information in our new manual, available in the documentation section. You can also access it through this link: Stock screener manual