You will use Watchlists after you find Screeners that identify stocks you want to seriously consider for investment. Then every time you start Equities Lab, you will see the current status of those stocks as a colorful heat map on your home page. In addition, you can quickly create Watchlists for stocks you hold that were not suggested by Equities Lab giving you a more complete presentation of all your common stock holdings.
Click on the tabs below these Watchlists on your home page and you access in depth analysis of the whole collection. View pie charts of your choosing to insure your holdings are diversified, score the different strategies in use and get a scatter chart of your gains.
You quickly designate which stocks you’ve bought of those recommended by the screener. If a purchased stock no longer meets the underlying Screener’s approval, the Heat Map will recommend “Sell” and offer another choice. There is no requirement for you to take action—you may prefer to rebalance quarterly, for example. Or you may be delighted that the stock you bought cheaply is now on a tear.
If you want more details about a particular stock, all you need to do is click on its heat map. Equities Lab will give you several paths to follow. Use the collection of Tear Sheets to find detail financial information, ratios and scoring results. View a graph comparing that stock to the SPY over time. Click tabs along the bottom to view the stock’s daily gain/loss table, monthly bar charts, candlestick charts and extensive monthly and annual rankings that include standard deviation, Beta, Sharpe Ratio and drawdown, to name a few.
If that doesn’t answer your questions, you are one click away from viewing your stock in Google Finance, Motley Fool, Seeking Alpha, Yahoo Finance, SEC or Stockcharts.com. You can also log notes of your findings and ideas right in your stock’s record on the Watchlist.
This colorful heat map of all your Watchlists is truly the starting point for all the major information concerning your investments.