Posts: 1,348
Threads: 42
Joined: Mar 2011
Reputation:
87
I think if you're willing to pay, there are some which may fit your criteria. I'm not sure though.
I'm usually worried about the quality of data produced by screeners, because I believe most of them are operated by bots which just cut and paste data without necessarily understanding the nuances of the different accounting items.
For instance, a company with high unbilled receivables but low trade receivables may be computed by the screener to have a fast -- and hence healthy -- turnover of trade receivables.
To avoid being possibly mislead by their data and analysis, I only rely on the main source. This bring us back to the annual report.
Similarly, certain companies whose earnings and assets are hidden by accounting procedures (e.g. one-off impairments, asset valuation at historical cost, etc) will probably not show up in your, say, "lowest p/e" or "lowest p/b" screen. But the market knows this, which is why they're trading at higher than what may seem to be normal p/e and p/b, and not in the "lowest p/e" and "lowest p/b" screens.
So using screens can also cause you to lose out on some of the good catches.
The safest way is to go through each company with a fine-tooth comb. It is tedious at first, but do it often enough and you'll become very quick in knowing if you're looking at a potential investment candidate.
Posts: 4,258
Threads: 93
Joined: Aug 2011
Reputation:
85
01-09-2023, 04:27 PM
(This post was last modified: 01-09-2023, 04:28 PM by weijian.)
In a way, the stock market is a pari-mutuel system. So when this AI scoring system defines itself over a 3 months period, the tendency for it to drift towards pari-mutuel is ever more true. Ie. rather than waiting for the companies behind the ticker to create value for shareholders via their products/services, it places weightage on momentum/sentiment factors which is betting against fellow buyers/sellers.
Danelfin’s AI Scores can be useful to decide which stocks and ETFs to add, hold, or discard in your portfolio, taking into account a 3 months investment timeframe.
Perhaps the below is the most informative statement in the entire page
*Read the Danelfin Best Stocks strategy report (PDF) for detailed and technical information about this US-listed stocks investment strategy and the associated portfolio. This Danelfin Best Stocks strategy performance is based on backtested results. Backtested performance is not an indicator of actual future results.
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.
Posts: 3,772
Threads: 6
Joined: Oct 2012
Reputation:
95
Remember FinTech? I think it will form part of our investment experience but to make money out of it is like trying to make money from email early days.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Homepage
PR Newswire
