Software for the Value Investor?

[DanielRP]

I am new to the idea of technological aids to the modern investor, and am curious as to whether there exists a computer program that assesses and compares companies across a broad range based on fundamental analysis of their accounts and financial stability.

I don't care much for the technical vs. fundamental debate here, but would love some advice on any programs/software that might aid my laborious process of sifting through endless annual reports.

I've heard whispers of programs that assess co.s' liquidity and long term stability based on comparative ratio analysis and compare these to other companies in that particular industry.

Thanks for listening,

Daniel.

 

[Boggo]

StockDoctor, a program from Lincoln Indicators is by far the best in the fundamental area.

Minimum of two emails a day, sometimes three or four with warnings and cautions of potential changes to financial standings.

Daily data and all news headers for every stock updated each evening.

The ability to search/scan for any combination of ratios, sectors, activities etc.

Their model is based on the least risk of failure rather than anything to do with market cap etc.
Currently only about 60 stocks meet their STAR Stock criteria.

My SMSF subscribes to it annually, around $1500 per year.

PM me if you have any specific queries.

http://www.lincolnindicators.com.au/stockdoctor/#9gr

 

[glenn_r]

Commsec and Etrade offer free advanced fundamental search engines on their websites.

 

[kam75]

I would recommend learning technical analysis. Sound company fundamentals do not guarantee a rise in share price.

 

[prawn_86]

I would recommend learning technical analysis. Sound company fundamentals do not guarantee a rise in share price.

Depends on your timeframe. Or dividends....

 

[Value Hunter]

There are number of softwares:
-Stocks in Value owned by Clime Investment Management.
-Stock Doctor owned by Lincoln indicators.
-Conscious Investor. I think it is owned by Team Invest.
-Intelligent Investor newsletter. Although its an investing newsletter they do have summary financial analysis for most companies provided by Capital IQ on their website. Not sure about screening capabilities though.
-Broker websites have free basic screening tools and sometimes analyst reports on companies also.

 

[pixel]

I would recommend learning technical analysis. Sound company fundamentals do not guarantee a rise in share price.

I agree completely.

Crib sheets, newsletters, broker comparisons etc are to a large extent subjective. They're definitely subject to frequent change. And if you drill into the nitty-gritty of broker "consensus", you'll find widely disparate opinions that are simply averaged to one word that is anything but consensus.
I receive a fundamental newsletter from Morningstar. That doesn't even discuss all of the All Ords. Most, if not all, of the smaller companies that I'm interested in aren't even covered. How could they? You can't base a credible valuation on fundamentals when all you have to go by is an expectation of future potential. Yet it's those start-ups in new technologies or bio/ pharma and/or "explorers" that often offer excellent trading results.

 

[galumay]

I would recommend learning technical analysis. Sound company fundamentals do not guarantee a rise in share price.

Another damn evangalist. Why are they being reborn and popping out of the woodwork in such abundance this week??

 

[luutzu]

There are number of softwares:
-Stocks in Value owned by Clime Investment Management.
-Stock Doctor owned by Lincoln indicators.
-Conscious Investor. I think it is owned by Team Invest.
-Intelligent Investor newsletter. Although its an investing newsletter they do have summary financial analysis for most companies provided by Capital IQ on their website. Not sure about screening capabilities though.
-Broker websites have free basic screening tools and sometimes analyst reports on companies also.

None of those are "software".

They are merely visualisation of prepared data bought from them data vendors or their resellers.

Conscious Investor, from its videos, seem to have an added customisation/user-defined field for pricing... Others have some minor variation of the same stuff.. but end of the day, they're all just playing with other people's numbers and will be put out of business by Google soon, if not already.

 

[Value Hunter]

All of the softwares I mentioned do also provide valuations and or target prices. Whether those valuations are of any use though is a different question entirely.

 

[luutzu]

All of the softwares I mentioned do also provide valuations and or target prices. Whether those valuations are of any use though is a different question entirely.

A software is something like MS Word (or its web version); A book is what you read after it's prepared and written. The above "software" are apps for consumption more than to use as a tool.

But say they're software as we all see it to be... they're not for value investors per se.

 

[luutzu]

There are number of softwares:
-Stocks in Value owned by Clime Investment Management.
-Stock Doctor owned by Lincoln indicators.
-Conscious Investor. I think it is owned by Team Invest.
-Intelligent Investor newsletter. Although its an investing newsletter they do have summary financial analysis for most companies provided by Capital IQ on their website. Not sure about screening capabilities though.
-Broker websites have free basic screening tools and sometimes analyst reports on companies also.

Here's a software for value investors.

www.danginvestor.com

It's pretty awesome. And I'm not saying that because I built it myself.