Comprehensive Data
Be it financial statement items— balance sheets, income statements, or cash flow reports— valuations, ratios, market conditions— institutional ownership, short interest, or insider ownership— high, low, close, volume, and daily open pricing, or just basic macroeconomics information, Equities Lab has access to an enormous quantity of high-quality market data. The financial and price data comes from Morningstar, while the macroeconomic data comes from Federal Reserve Data.
We have fields for a variety of data collected by Morningstar: Accrued Investment Income to Water Production, from Acquired In Process R&D to Write off and Write down. These fields let you see what others cannot, and make more sense of the market. See our complete list of Morningstar Properties.
25 years of data
Our data changes daily, and covers each trading day from January 1, 1995 to present. Morningstar takes a few days to clean and process the data they get from the SEC, while they update the price data after the close of the market. FRED updates and data vary based on the fields you choose. Equities Lab gives you access to a quarter century’s worth of other people’s mistakes and successes, so that you can make yourself a success.
Survivorship Bias Free Data
Having only survivor stocks in your data means that your conclusions are wrong – Imagine trying a new drug on people and only asking the survivors how it worked. We have about 20,000 stocks in our database, of which almost half are delisted, so you can see how the defunct companies performed before their demise. On the other hand, we automatically limit the view in the screener to companies in which you can actually invest, which narrows us to about 3500 stocks. You can, of course, configure this. This allows for complete information to create the easiest and wisest investing experience with Equities Lab.
Lookahead Bias Free Data
Lookahead bias is when you act on financial information when the year or quarter ends, rather than when it is available to the market. Since these financials are typically released one or more months after the period end, this makes a huge difference in the results. As you might guess from the headline, Equities Lab uses the SEC release date, adds four days to account for processing delays, and makes the data available then. For macroeconomic data from the Federal Reserve, we use the Alfred system which keeps track of when the data was available.