A lesson on absolute prices versus relative onesYou’ve been referred to this page by something saying “You can’t (or shouldn’t) use Close > 5.00” in a stock screener. Imagine you are looking at a share of GoodStock (yeah, I know that’s a lame name for a fake stock!). It goes up and up, and up! …
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Analyzing Apple An Apple by itself Is Apple a stock worth buying? Other people have discussed (at length) its “questionable” product decisions, such as: The touch bar getting rid of Touch Id in favor of using facial recognition Scrapping a whole ecosystem of connectors to push the “Lightning cable” Eliminating the headphone jack from the newest generation of phones.…
Investment Green Flags: PEG > 0 Continuing with our green flag series, today we are going to be taking a look at the PEG ratio, and how well companies perform when their ratio is above 0. Though an excellent flag, it doesn’t mean anything on its own – especially if you aren’t familiar with a PEG ratio.…
The semiconductor industry is an important one, in fact, if it weren’t for semiconductors then you wouldn’t even be able to read this. So what exactly is a semiconductor, and why should you care about them? A semiconductor, in a nutshell, is a materials product usually made of silicon, which conducts electricity more than an insulator but less than a pure conductor, such as aluminum or copper.…
Monte Carlo Simulation As investors, we all know that each investment we make comes with a certain amount of risk. We can decrease this risk by understanding all possible outcomes. Better yet, we can visualize each outcome through the use of a Monte Carlo Simulation. In a broad stroke definition – a Monte Carlo simulation allows for people to make informed quantitative decisions based on a range of possible outcomes.…
In my years of using Equities Lab as a quantitative investment tool, I have never lost sight of the core values of long term investing. Many of these values are in the teachings of Benjamin Graham and used by an idol of mine, Warren Buffett. Remembering this, no matter how much risk I take on in my portfolio, I always keep a subsection for value investments.…
Piotroski F-Score We mention the Piotroski F-Score in a lot of our articles, videos, and even within a lot of our prebuilt screens. So, it poses the question, what exactly is the Piotroski F-Score? Created by a professor of Accounting at the University of Chicago named Joseph Piotroski, the score is used to identify possible investments.…
So you’ve just downloaded the Equities Lab software and you launch it, eager to start screening stocks. If your experience is anything like mine, then you’re probably intimidated and a bit overwhelmed by all the available options and the Equihack language. You spend about 10 minutes playing around with the software trying to find all the secrets and tricks to best help you find what you’re looking for in the market.…
The Stocks you pay forThe other day I wrote an article discussing my distaste for penny stocks and for how they are marketed as “the next big thing”, ruining thousands of people’s financial lives. Well, if you can’t invest in penny stocks, what can you invest in? How about we invest in stocks that, at an extremely basic level, are actually worth something?…
Recession ProtectionAs people become more jumpy when it comes to the market, I decided to take it upon myself to build a screen that we could use in order to protect ourselves in the event that we do enter another recessionary period. Now, I want it to be known that I don’t necessarily believe that another recession is imminent; rather, I just like being prepared for any situation.…
Value Investing By TimeIn this short article we are going to go over what exactly is calculated in the new Value Across Time Score. The first thing that you need to know is that each part of the score is based on the rank of a variable within the last year.…
I was meandering around my favorite news sources and I found an article on MarketWatch that discussed Share Buy Back Programs, and how these programs are giving you more “bang for the buck.” Share Buy Back Programs by MarketWatchBeing an investor that is always looking for investments based in value articles like this always peak my interest.…
SummaryAveraged a 42.05% return annually over the past three years.HELE’s piotroski score has consistently increased over the past three years.Jim Cramer has given HELE a buy rating.In the words of Yahoo Finance, Helen of Troy(NASDAQ:HELE) “designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide.…
I thought I would share something a seasoned analyst taught me. It’s a simple concept, but it was not overtly obvious, to me at least, when I first encountered it. It’s the third option below. I go through the first two options for reference.When screening equities, using metrics (or ratios), you’ve got three main options (or some combination of the three options below):1).…
What is a Covered Call?A covered call is an options strategy where the investor holds a long position and sells call options against that position. This strategy is typically employed when an investor wants to generate extra income off of their positions and they believe the price of the underlying stock won’t move in either the positive or negative direction in the short term. …
Make lots of money investing in value stocks.…
Does PE matter? People say that PE (Price to earnings ratio) is a primary factor when choosing a stock to outperform, but lets put it to the test Mythbuster style...
I'm happy to say that we're encouraging university classrooms to use Equities Lab in their classwork. Here's an example of some of the work that has resulted. Notice how well the long/short strategy does… It's been reprinted, unedited, other than some (partial) attempts to format what used to be a Word Document for WordPress.…