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Visualize composition with Scatter Charts

Learn about how to use the Scatter chart and how to properly analyze results with the Scatter Chart

Open the featured watchlist "BUY the numbers" from the Explorer tab.

Switch over to the Results Scatter tab so that we can begin to analyze the results

The stocks that show up on the scatter chart currently pass the BUY the numbers stock screener.

The X-axis is sorted by market cap so this chart tells us that the majority of the stocks that pass the BUY the numbers stock screener are small cap.

Also, since the Y-Axis is sorted by score which is price change over the past month, this chart tells us that the majority of the stocks in this stock screener had a pretty high price change over the past month. 

Is this Watchlist full of high beta stocks or low beta stocks or high and low? Let's find out

Click on the "X-Axis" function in the top right of the scatter chart then select Beta from the drop-down menu.

*NOTE: Beta is available for selection by default because it is part of the default Synopsis tear sheet. Change the tear sheet to get a different set of properties to sort by.

The result of the actions above is a scatter chart that is sorted by Beta on the X-axis and score on the Y-axis like the image below

It looks like the BUY the Numbers watchlist yields high beta stocks which could indicate higher volatitlity yet higher possible returns.

Now lets sort the Y-Axis by PE

The result of the actions above is a scatter chart that is sorted by Beta on the X-axis and PE on the Y-axis like the image below

Over Half of the stocks have a PE below 20. On average we can conclude that the BUY the numbers watchlist is an average PE watchlist.

Now click on the Color by function at the top right of the graph and select "score"

**Score in Watchlists will ALWAYS be price change over one month

Now the stocks, whom were colored randomly at first, are now colored by score which is price change over the past month. A green stock indicates it had a higher score relative to the others and a red stock indicates it had a lower score relative to the others.