Stock Screeners are a category of software and web tools that allow the
investor to narrow down a large list of available stocks to a small list of
potential trading candidates by using various criteria. A simple example of
a stock screener is one that has two criteria... Price > $5 and Volume >
50,000. This will return a list of stocks that are over $5 a share and had
more than 50,000 shares in trading volume today. This may take the
available list of 8,000 stocks down to 2,000, for example. A list of 2,000
stocks is still too many to concentrate on, so additional criteria can be
selected to narrow it down more.
You already know that TickeRank gathers stock lists off the web and ranks
them... let's discuss that. Many websites offer stock lists of one kind or
another. An example is a website that says something like this... "Click
here to see stocks at a 52-Week High". You would click and then see a
webpage with a list of stocks and their symbols whose price hit the highest
price over the last 52 weeks. This is a kind of stock screener, in that it
narrows down the universe of available stocks with a specific criteria...
52-Week High.
TickeRank can grab that list of stocks from the webpage, or any other
webpage for that matter, and display those symbols (or Tickers)
on one of the tabs in the software. The word "Ticker" refers
to the old days when there were tickertape machines that would constantly
print out stock symbols and their current price throughout the trading day
on a thin, long strip of paper. What did they do with all that paper?...
they would save it all up and throw it out their windows during "Tickertape
Parades" that went through the streets of New York City! :)
The advantage here is that TickeRank can gather Lists from many websites,
saving the investor the time and effort needed to keep track of where their
favorite stock lists are located. Whenever the investor wants to see a List
of 52-Week Highs, they just check the appropriate checkbox labeled "52-Week
High" in TickeRank and click the "Get List" button. The program then
handles all the details of going to the website and grabbing the symbols and
displaying them. More than one list can be selected at a time, so many
different Lists can be joined together, if desired.
This ability to grab stock lists from over 120 websites would be a great
feature all in itself, but what else can be done with a list of stock
symbols? How about we take those symbols and rank them somehow, based on
some other criteria? Then we could grab lists and then rank them, giving
great flexibility and power in selecting trading candidates.
Let's discuss Ranking. Most investment websites let the user enter a stock
symbol into a textbox and click something like a "Go" button to get more
info about that stock. Every website provides different info, but for this
example we'll say the current price, volume and 20-Day Average Volume is
brought up on a webpage after you enter a symbol (let's say you enter AOL)
and click the "Go" button. Now remember earlier when we got a list of
52-Week Highs from another website and that List is now in TickeRank?
Wouldn't it be helpful if we could get the 20-Day Average Volume for each
symbol in the list and display it?
Well that's exactly what
TickeRank can do for you. If you select the "20-Day Average Volume" Rank in the
TickeRank software and then click the "Rank List" button, the program takes
care of entering each symbol from the List you gathered earlier to the
website and capturing the 20-Day Average Volume number for each stock. Then
it displays that number beside each symbol and sorts the List by that Rank
value. What do you end up with?... a List of stocks that have a 52-Week
High AND sorted by the 20-Day Average Volume.
That capability, in a nutshell, is the power of TickeRank. Countless
combinations of Technical and Fundamental criteria are available to the investor, providing
unique combinations not available anywhere else. Over 120 Lists and over 80 Ranks
are available, and that number is ever increasing as new
information is found on the web and updates are distributed to Registered
users.
Other useful tools are built into TickeRank to give the investor even more
flexibility...
- Left-clicking on a symbol will open up a browser to one of many
investment websites selectable by the user for even more analysis.
- Left-clicking on the List and Rank names will open a browser to the
website that offers the information, and lets the user learn more about how
that website built that specific List or Rank. This feature is very
valuable for those that want to learn more about Technical and Fundamental
analysis.
- Clicking the "Create" button in the Portfolio tab will create a portfolio of the
displayed symbols, and show you how that portfolio performs over time.
- Lists can be saved and loaded to/from disk, allowing the exchange of
symbols between TickeRank and other investment programs.
- If an investor wants to use any of the TickeRank features on stocks they
already own, symbols can be added manually into TickeRank.
- After a List is gathered, the user can choose to see the price performance
of each stock over the last 5 days, to further help evaluate recent price
movement.
- A Filter feature let's the user add global criteria to screen out any
symbols gathered, based on Price, Volume, Market Cap and Exchange
traded (Nasdaq, NYSE, AMEX).
TickeRank will always be a work in progress, thanks to the help of users
that are dedicated to finding that statistical edge that investors
everywhere are looking for.
Stock Screeners are a category of software and web tools that allow the
investor to narrow down a large list of available stocks to a small list of
potential trading candidates by using various criteria. A simple example of
a stock screener is one that has two criteria... Price > $5 and Volume >
50,000. This will return a list of stocks that are over $5 a share and had
more than 50,000 shares in trading volume today. This may take the
available list of 8,000 stocks down to 2,000, for example. A list of 2,000
stocks is still too many to concentrate on, so additional criteria can be
selected to narrow it down more.
You already know that TickeRank gathers stock lists off the web and ranks
them... let's discuss that. Many websites offer stock lists of one kind or
another. An example is a website that says something like this... "Click
here to see stocks at a 52-Week High". You would click and then see a
webpage with a list of stocks and their symbols whose price hit the highest
price over the last 52 weeks. This is a kind of stock screener, in that it
narrows down the universe of available stocks with a specific criteria...
52-Week High.
TickeRank can grab that list of stocks from the webpage, or any other
webpage for that matter, and display those symbols (or Tickers)
on one of the tabs in the software. The word "Ticker" refers
to the old days when there were tickertape machines that would constantly
print out stock symbols and their current price throughout the trading day
on a thin, long strip of paper. What did they do with all that paper?...
they would save it all up and throw it out their windows during "Tickertape
Parades" that went through the streets of New York City! :)
The advantage here is that TickeRank can gather Lists from many websites,
saving the investor the time and effort needed to keep track of where their
favorite stock lists are located. Whenever the investor wants to see a List
of 52-Week Highs, they just check the appropriate checkbox labeled "52-Week
High" in TickeRank and click the "Get List" button. The program then
handles all the details of going to the website and grabbing the symbols and
displaying them. More than one list can be selected at a time, so many
different Lists can be joined together, if desired.
This ability to grab stock lists from over 120 websites would be a great
feature all in itself, but what else can be done with a list of stock
symbols? How about we take those symbols and rank them somehow, based on
some other criteria? Then we could grab lists and then rank them, giving
great flexibility and power in selecting trading candidates.
Let's discuss Ranking. Most investment websites let the user enter a stock
symbol into a textbox and click something like a "Go" button to get more
info about that stock. Every website provides different info, but for this
example we'll say the current price, volume and 20-Day Average Volume is
brought up on a webpage after you enter a symbol (let's say you enter AOL)
and click the "Go" button. Now remember earlier when we got a list of
52-Week Highs from another website and that List is now in TickeRank?
Wouldn't it be helpful if we could get the 20-Day Average Volume for each
symbol in the list and display it?
