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Summary
A stock screener is a tool that helps investors and traders filter stocks based on criteria like price, market capitalization, P/E ratio, and debt-to-equity ratio. It simplifies stock selection by narrowing down options to match investment strategies. Sharescart’s Stock Screener offers an efficient and user-friendly way to customize filters, analyze stocks, and make informed decisions. While stock screeners are powerful, investors should also consider qualitative factors for a well-rounded investment approach.
A stock screener is one tool that assists traders and investors in selecting stocks that fit their investment goals. It screens companies according to certain criteria including price, market capitalization, dividend yield, P/E ratio, and debt-to-equity ratio. Some advanced stock screeners, such as Google Finance, Yahoo Finance, and FinViz, are free, while others require a subscription.
Users can narrow down stocks by setting certain filters with stock screeners. Various investors use them as follows:
Strong financials, such as high earnings per share (EPS) and a favorable return on investment (ROI), are sought for by long-term investors.
Traders use indicators such as moving averages, RSI, and MACD to keep an eye on price changes.
Stock screeners assist users make smarter investment decisions by using a variety of filters to provide a list of stocks that meet the chosen criteria.
Stocks can be filtered by a stock screener using a number of metrics, including:
Price: Stocks that fall or rise within a specific range..
Market Capitalization: Large-cap, mid-cap, or small-cap companies.
Dividend Yield: Perfect for investors looking for income.
P/E Ratio: Helps in determining whether equities are overpriced or undervalued.
Debt-to-Equity Ratio: Measures a company's financial health.
Suppose an investor wants to find U.S. stocks that meet these conditions:
Market capitalization: Medium to large.
Price per share: Above $15.
Debt-to-equity ratio: More than 3
Price-to-earnings growth ratio: Less than 2
The investor's decision-making process will be facilitated by receiving a shortlist of stocks that fit these criteria after entering these filters into a stock screener.
Sharescart offers its own exclusive stock screener for investors, making it easy to filter and analyze stocks efficiently. Here’s how you can use it step by step:
Go to the Screener Section: Click on the screener tool on Sharescart’s platform. You’ll find multiple filtering options tailored to your needs.
Set Your Investment Criteria: Define your search based on metrics like:
Market capitalization: Greater than ₹1,000 crore
P/E Ratio: Less than 30
P/B Ratio: Less than 3
Run the Query: Click on “Run This Query” to generate a list of stocks matching your criteria.
Customize Your View: You can edit columns to view specific data points that matter to you.
Download and Share: If you're using Sharescart’s premium model, you can download your filtered list and even share it with others.
Sharescart’s Screener is a dynamic and easy-to-use tool that helps investors and traders make smarter investment decisions in a few clicks.
Despite being effective tools, stock screeners have certain drawbacks:
Various Outcomes on Various Platforms: Different stock screeners use different criteria, which can produce different outcomes.
Too Many Options: Users could be presented with an excessive number of stocks if they don't utilize precise filters.
Absence of Qualitative Data: Stock screeners prioritize numbers above things like leadership caliber, litigation history, and brand reputation.
For traders and investors, a stock screener is a useful tool that helps them find stocks that fit their investment plan rapidly. To make better investing choices, it's crucial to integrate this with market trends and qualitative research. Using a stock screener helps streamline your stock selection process and enhance your portfolio selections, regardless of your level of knowledge.
Try Sharescart's Stock Screener now if you want an effective stock screening experience that will help you make your trading trip more intelligent and effective!
Sell or Purchase Share (Tentative Price)
Company | Industry | Stock P/E | P/B | Company rating | MCAP (in Cr.) | Current Price |
---|---|---|---|---|---|---|
Pharmeasy | e-Commerce | -2.3 | 2.2 | 5784 | 9 | |
Reliance Retail | Retailing | 141.5 | 23 | 698659 | 1400 | |
Orbis Financial | Finance - Investment | 36.6 | 7.5 | 5174 | 425 |
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