It can for sure be done - I will try a few different methodologies. Of course, whatever stocks pop out may not be the "best" future performer, of course!
Great comment - Finviz does have a lot of good metrics for this stuff but I don't think it has every metric on this list. I personally like to calculate them on my own using underlying numbers from the regulatory filings to make sure I have a consistent methodology/approach that I am familiar with but Finviz is great for a quick check.
Also, I have been moving toward using letter grades or percentiles so that it is easier to understand a companies strengths and weaknesses at a glance rather then ask myself if x% or y% is actually good or bad. It's almost like removing some specificity of the information to bolster the contextual understanding.
I added a couple of links that help describe the methodology so thanks for the suggestion to do that! Sometimes I get lost in all the numbers I put out and it might lose it's meaning to readers haha
As for the final point on benchmarking to a broader index or the market, that is a fantastic idea - I'm going to get to work on that right away!
Thanks for the reply. Btw, I wasn't suggesting finviz by way of saying your work was superfluous ;) , but rather if we were to use your template, can you suggest other (free) sources of info besides company reports to fill in the data. Great content.
Thanks! And Yahoo Finance has great underlying fundamental data for the previous few quarters / years. It's a little easier to use then the golden source which is SEC filings
Thanks for asking! I wrote about this a little while ago but with an influx of new readers I have added some back links to those posts where I discuss the methodology and philosophy : )
Is it possible to calculate which company in the S&P500 has the best metrics according to this list?
Always asking the right questions ; )
It can for sure be done - I will try a few different methodologies. Of course, whatever stocks pop out may not be the "best" future performer, of course!
This is a fantastic table. I think a lot of this info would be available from finviz.com - unless you have a better source.
As somebody asked, how do you assess grades? Also, what about a 3rd column to show comparison to an index (ETF, S&P, Dow, NAS, etc.)?
Great comment - Finviz does have a lot of good metrics for this stuff but I don't think it has every metric on this list. I personally like to calculate them on my own using underlying numbers from the regulatory filings to make sure I have a consistent methodology/approach that I am familiar with but Finviz is great for a quick check.
Also, I have been moving toward using letter grades or percentiles so that it is easier to understand a companies strengths and weaknesses at a glance rather then ask myself if x% or y% is actually good or bad. It's almost like removing some specificity of the information to bolster the contextual understanding.
I added a couple of links that help describe the methodology so thanks for the suggestion to do that! Sometimes I get lost in all the numbers I put out and it might lose it's meaning to readers haha
As for the final point on benchmarking to a broader index or the market, that is a fantastic idea - I'm going to get to work on that right away!
Thanks so much,
-Luke
Thanks for the reply. Btw, I wasn't suggesting finviz by way of saying your work was superfluous ;) , but rather if we were to use your template, can you suggest other (free) sources of info besides company reports to fill in the data. Great content.
Thanks! And Yahoo Finance has great underlying fundamental data for the previous few quarters / years. It's a little easier to use then the golden source which is SEC filings
How do you define metric grades?
Great question!
Thanks for asking! I wrote about this a little while ago but with an influx of new readers I have added some back links to those posts where I discuss the methodology and philosophy : )