Equities Lab Stock Screener
Equities Lab offers you an exceptionally strong stock screener. Armed with even the most exacting criteria, you can find precisely the stocks you want. Can you screen for companies manipuling earnings via accruals? Yes, you can! Can you screen for companies that have never made money? Yes, you can! You will also see what your screen returns, and this will help you understand why.
We debunk myths as part of what we do. Do you believe that buying high P/E stocks generally works better? We’ve got a stock screener screen for that.
This screen had its moments, but it spent substantial time underperforming. What if we try buying at (or near) the 52-week low?
There’s another fine myth busted before it could hurt your portfolio! The next time someone (you, probably) has a great idea, your fingers will be itching to test it. Testing will ensure that you succeed, and success will ensure that you enjoy the process.
Assemble Your Screens from Building Blocks
You don’t start from scratch every time, because Equities Lab gives you a rich set of predefined screens. That may be as far as you need to go. These screens, although intricate, are easy to read and understand. They use fundamental and technical analysis to choose their stocks, but are simple to modify to your specific ends.
If you have ever done any programming, you will soon see that this carefully–crafted language is simple, but powerful. We prompt you with choices as you type, and we have help on all of our fields, mitigating confusion as you achieve mastery. Our formulas have many of the basics included, allowing you to build bigger ideas with less work.
Screen Stocks in Detail
We can compare, select and perform mathematical functions. So can our competition, but then we also have ranking, sorting, and counting operations. Though they sound simple, these operations are the difference between asking, “Is the P/E below 10?” and asking, “Is the P/E lower than 75% of the others in its industry?”. For instance, our count operator allows you to require some, but not all, of a set of conditions be true. Why would you do this? A stock that matches most, but not all, of your qualifications can still be highly profitable, particularly in cases where your ideal stock that matches absolutely everything doesn’t actually exist. Compare this to applicant tracking software, where searching for the perfect employee can be an enormous sunk cost, while a nearly-perfect employee can begin generating value far, far sooner.
You will want to check how quantities change over time. This allows you to ask questions like, “Is the P/E always low, or is it normally higher?” or, “Is the P/E low because earnings rose?” You will be able to test and select for rates of change of any accounting information across time. Advanced users find built-in features to calculate standard deviations, skewness, variance, correlation, kurtosis, and even Monte Carlo search logic. This transforms technical analysis from, “Find stocks that went up,” to, “Find stocks that have less volatility than their peers, and went up smoothly over the last year, excluding the most recent month.”
See What You Are Screening
If your screen returns 12 results, getting them in a list isn’t much of a problem. You can manually check to see if they concentrate in an industry, or if they are all small cap stocks. As your screen returns more and more items, however, a simple list is going to become problematic. What if you had 112 items, or even 1,112 items? You’ll need analytics: bar charts, sortable scatter charts, tilt charts, and more to make sense of so much financial information at once. We give you that. You can also search to see if a given stock is already in your basket, or sort your stocks by sector.
Screening in the Past
Seeing performance is all well and good, but the ability to “jump around” in time is helpful. For example, you can use Equities Lab to see what you would have seen right before the crash of 2008 and examine the recovery in March 2009, to see if you could have predicted it. You can go to January of 2011, and see if you can figure out a strategy that makes money during that difficult year. Those who do not learn history are doomed to repeat it.
Screen Your Way
We know there’s a lot here. You can compare stocks against groups of other stocks, against themselves through time, or against various criteria that you set up yourself. You can use standard deviation, averaging, maximum, minimum, and more to filter and shape your work. In essence, with Equities Lab, you have a literal business world of possibilities. You can jump through time, see everything change, and get wiser about history; with this wisdom, you can dig deeper into core financials, complete with extremely detailed metrics, and find the quantitative conclusions to your gut instinct.
Screen with Help
Equities Lab holds sample formulas that you can quickly draw upon and include in your screener, either by name or by copying and pasting directly. If you get stuck, we can help at support@equitieslab.com. This is serious business: a career, a nest egg, a future. We know. That said, it is liberating (and downright fun) to be able to play and explore with ideas that you have been limited to reading about up to now. Equities Lab gives you this power.
