Why does past rank ever change?

  • The Investable Universe

    In Equities Lab, we refer to the universe as the sets the set of securities included in screens, ranks and backtests.

    By default, we want to include only stocks that are reasonably liquidatable, as otherwise it is very easy to create screeners that work great on paper and lousy in practice.…

    Read More…

  • Undefined Property Handling

    When a property does not exist, it becomes undefined. This table shows how undefined values are treated in Equities Lab

    OperationResult
    5 + or – Undefined5
    5 * or / UndefinedUndefined
    X > or < or = UndefinedFalse
    X != UndefinedTrue for all X
    Market Rank/Rank/Percentile of UndefinedUndefined

    How to I handle undefined values myself?

    Read More…

  • Introduction to Equihack

     Equihack is the language behind Equities Lab’s Powerful Screeners.

    Equihack Language Grammar

    Introduction

    Equihack is the whimsical name given to Equities Lab’s computer language that drives its screeners and more. It allows you, the “Hacker,” to crack open secrets hidden in the records of over 7,000 stocks. This unique language has grammar rules that you will need to know in order to use it.…

    Read More…

  • Creating long short portfolios

    Creating long short portfolios

    Creating Long Short Portfolios in Equities Lab

    Shorting stocks is hard to do profitably. Very hard. That said, adding a short component to portfolios can reduce drawdown. Long/Short portfolios are also useful to see if factors are important for good investment performance.

    Using the islongshort macro

    To model a long/short portfolio with maximum control, use the islongshort macro.…

    Read More…

  • Filtering and Ranking

    Filtering and Ranking

    These screenshots will start embarrassingly simple, and get more elaborate.  So stay tuned…
    First, lets find large companies!

    image.png

    Now, within that set of companies we want to find companies with decent valuation:

    That’s nice, but we have some companies with really tiny PE values:

    image.png

    Let’s filter them out (using add term on the <, and dragging and dropping the terms):

    image.png

    This is nice, but where did I get those 3 and 12 from. …

    Read More…

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

The Investable Universe

  • Undefined Property Handling

    When a property does not exist, it becomes undefined. This table shows how undefined values are treated in Equities Lab

    OperationResult
    5 + or – Undefined5
    5 * or / UndefinedUndefined
    X > or < or = UndefinedFalse
    X != UndefinedTrue for all X
    Market Rank/Rank/Percentile of UndefinedUndefined

    How to I handle undefined values myself?

    Read More…

  • Introduction to Equihack

     Equihack is the language behind Equities Lab’s Powerful Screeners.

    Equihack Language Grammar

    Introduction

    Equihack is the whimsical name given to Equities Lab’s computer language that drives its screeners and more. It allows you, the “Hacker,” to crack open secrets hidden in the records of over 7,000 stocks. This unique language has grammar rules that you will need to know in order to use it.…

    Read More…

  • Creating long short portfolios

    Creating long short portfolios

    Creating Long Short Portfolios in Equities Lab

    Shorting stocks is hard to do profitably. Very hard. That said, adding a short component to portfolios can reduce drawdown. Long/Short portfolios are also useful to see if factors are important for good investment performance.

    Using the islongshort macro

    To model a long/short portfolio with maximum control, use the islongshort macro.…

    Read More…

  • Filtering and Ranking

    Filtering and Ranking

    These screenshots will start embarrassingly simple, and get more elaborate.  So stay tuned…
    First, lets find large companies!

    image.png

    Now, within that set of companies we want to find companies with decent valuation:

    That’s nice, but we have some companies with really tiny PE values:

    image.png

    Let’s filter them out (using add term on the <, and dragging and dropping the terms):

    image.png

    This is nice, but where did I get those 3 and 12 from. …

    Read More…

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Undefined Property Handling

  • Introduction to Equihack

     Equihack is the language behind Equities Lab’s Powerful Screeners.

    Equihack Language Grammar

    Introduction

    Equihack is the whimsical name given to Equities Lab’s computer language that drives its screeners and more. It allows you, the “Hacker,” to crack open secrets hidden in the records of over 7,000 stocks. This unique language has grammar rules that you will need to know in order to use it.…

    Read More…

  • Creating long short portfolios

    Creating long short portfolios

    Creating Long Short Portfolios in Equities Lab

    Shorting stocks is hard to do profitably. Very hard. That said, adding a short component to portfolios can reduce drawdown. Long/Short portfolios are also useful to see if factors are important for good investment performance.

    Using the islongshort macro

    To model a long/short portfolio with maximum control, use the islongshort macro.…

    Read More…

  • Filtering and Ranking

    Filtering and Ranking

    These screenshots will start embarrassingly simple, and get more elaborate.  So stay tuned…
    First, lets find large companies!

    image.png

    Now, within that set of companies we want to find companies with decent valuation:

    That’s nice, but we have some companies with really tiny PE values:

    image.png

    Let’s filter them out (using add term on the <, and dragging and dropping the terms):

    image.png

    This is nice, but where did I get those 3 and 12 from. …

    Read More…

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Introduction to Equihack

  • Creating long short portfolios

    Creating long short portfolios

    Creating Long Short Portfolios in Equities Lab

    Shorting stocks is hard to do profitably. Very hard. That said, adding a short component to portfolios can reduce drawdown. Long/Short portfolios are also useful to see if factors are important for good investment performance.

    Using the islongshort macro

    To model a long/short portfolio with maximum control, use the islongshort macro.…

    Read More…

  • Filtering and Ranking

    Filtering and Ranking

    These screenshots will start embarrassingly simple, and get more elaborate.  So stay tuned…
    First, lets find large companies!

    image.png

    Now, within that set of companies we want to find companies with decent valuation:

    That’s nice, but we have some companies with really tiny PE values:

    image.png

    Let’s filter them out (using add term on the <, and dragging and dropping the terms):

    image.png

    This is nice, but where did I get those 3 and 12 from. …

    Read More…

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Creating long short portfolios

  • Filtering and Ranking

    Filtering and Ranking

    These screenshots will start embarrassingly simple, and get more elaborate.  So stay tuned…
    First, lets find large companies!

    image.png

    Now, within that set of companies we want to find companies with decent valuation:

    That’s nice, but we have some companies with really tiny PE values:

    image.png

    Let’s filter them out (using add term on the <, and dragging and dropping the terms):

    image.png

    This is nice, but where did I get those 3 and 12 from. …

    Read More…

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Filtering and Ranking

  • Factor Analysis

    Factor backtesting in Equities Lab is easy, and revealing.  Here we analyze the factor total assets / sales, chosen at random because it is late at night when I wrote this article:-).

    We see that fewer assets are better:  the two best performing quintiles are the lowest ones.  If you like numbers better than pretty lines, there are a few below — detailing the performance of each quintile. …

    Read More…

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Factor Analysis

  • Changing the Benchmark

    Changing the Benchmark

    Equities Lab

    Learn how to benchmark your strategy versus various benchmarks, ranging from indexes, to stocks and other strategies.

    Imagine you have a large cap screen

    Imagine you have a large cap screen Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally

    Cutting to the chase, imagine you have a simple screen that finds reasonable large cap companies.  That screen is literally “import ohlson_o_score < -3 and mc > 10b”

    Click on “® B 9”

    Click on ” src=”https://www.equitieslab.com/wp-content/uploads/2018/10/e59du_2.jpg”

    Read More…

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

Changing the Benchmark

  • How to Use a Watchlist

    How to Use a Watchlist

    How to Use a Watchlist

    Henry Crutcher

    A brief intro to get more out of watchlists, which help you manage your holdings.

    Visit a watchlist

    How to use a Watchlist Your Holdings view is a collection of all your watchlists, gathered under title bars for each one. Here we show just one (FCA Dividends). The score is monthly returns, which is a bit short term for our taste.…

    Read More…

  • FAQ

    Membership Questions

    Read More…

How to Use a Watchlist

  • FAQ

    Membership Questions

    Read More…

FAQ

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