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Glossary
How can a user create her stock screening strategy?
User-Created Strategies: On our stock tracking website, users have the unique opportunity to design and implement their own investment strategies. Whether you're an experienced trader or just getting started, our platform empowers you to craft personalized approaches to stock trading. You can define specific criteria, such as risk tolerance, target industries, or technical indicators, and watch your strategy in action. User-created strategies put you in control, allowing you to adapt and refine your investment approach in response to changing market conditions, helping you work toward your financial goals with confidence.
How do I setup maximum number of positions in my portfolio?
Maxnames in the create screens wizard represents the upper limit for the number of individual stocks permissible within your portfolio at any given moment.
What are model portfolios?
Model portfolios encompass stock screens devised by Xstocks' in-house experts, as well as publicly shared model portfolios by global users. These screens are meticulously curated, considering factors such as daily traded volume, stock market capitalization, historical volatility, and specific industry classification for industry screeners. They are then ranked based on diverse criteria available within the system. These criteria span a range of parameters including daily, weekly, monthly, and yearly returns, Sharpe ratio, volatility, and more.
Where can I see latest stock prices?
The Market Dashboard is the palce where we bring latest prices for some key assets in the form of a bunch of cards where we provide real-time prices for a variety of indices, individual stocks, cryptocurrencies, and foreign exchange currency pairs. This data features a 15-20 minute delay and is refreshed every minute to ensure accuracy and up-to-date information.
How do I interpret the data related to top gaining stocks?
Top Gainers represent the five stocks with the most impressive performance on the chosen market (US or IN) for the day. These selections prioritize stocks with an average daily volume exceeding 200k shares, trading above Rs. 2 in the Indian market or $0.5 in the US market. This ensures that we curate names with sufficient volume, catering to the needs of retail investors.
How do I find the top losing stocks?
Top Losers encompass the five stocks with the weakest performance on the designated market (US or IN) for the day. Similar to the selection criteria for Top Gainers, these stocks exhibit an average daily volume exceeding 200k shares, while trading above Rs. 2 in the Indian market or $0.5 in the US market. This meticulous approach ensures the inclusion of stocks with substantial volume, addressing the requirements of retail investors.
What does top volume stocks mean?
Top Volume comprises stocks with the highest trading volume within the chosen market (US or IN) for the day. Similar to the selection criteria for Top Gainers and Top Losers, these stocks maintain an average daily volume exceeding 200k shares, while trading above Rs. 2 in the Indian market or $0.5 in the US market. This precise methodology guarantees the inclusion of stocks with significant trading activity, meeting the preferences of retail investors.
How can I detect unusual volume in a stock?
You can look at the unusual volumes card from the home page. Unusual Volume refers to stocks that exhibit relatively elevated trading activity during the day compared to their average 20-day trading volume. This criterion identifies stocks experiencing noteworthy trading interest beyond their typical levels, providing insights for investors.
What are the best performing model portfolios?
The model portfolios menu item comprises of the leading 100 publicly shared model portfolios, systematically ranked according to their Sharpe ratios. Each portfolio offers nearly 11 years of historical backtested data. Users have the ability to fine-tune their exploration by applying diverse filters. These encompass market capitalization-based filters, spanning nanocaps to megacaps, industry preferences from a selection of over 100 industries, and the specific market where the stocks are traded (IN or US). This feature empowers users to customize their viewing experience, aligning with their investment preferences and objectives.
How can I choose from a specific list of tickers?
Tickerlist within the create screen wizard functions as a filter that enables users to exclusively select stocks from a provided list. This feature offers an alternative approach to conducting 'what-if' scenarios on a basket of stocks. For instance, users can assess the performance of an equally weighted portfolio of FAANG stocks in the US. By inputting the tickers for Facebook (Meta), Apple, Amazon, Netflix, and Google, and specifying a rebalance interval (e.g., every 21 days), the same set of names is periodically rebalanced to generate a new portfolio. This facilitates a comprehensive analysis of the portfolio's performance over the entire 11-year period, presenting users with valuable insights.
How can I sort my stocks by a set criteria when creating my model portfolio?
SortBy within the create screen wizard serves as the criterion by which stocks are ranked, either in ascending or descending order. For instance, selecting "Day Return" in descending order would showcase the top-performing stocks for the day. The number of selected names is restricted by "MaxNames," ensuring a concise display of results.
What does position weight signify?
PositionWeight signifies the weight assigned to each stock in an equally weighted portfolio, represented in percentage terms. For instance, designating 5% as the weight allocates approximately 50% total exposure across a 10-stock portfolio, with each stock receiving a 5% exposure. This weight plays a crucial role in constructing model portfolios for backtesting. It's important to consider that the total weight is also governed by the MaxLeverage parameter, which serves as an upper limit, ensuring controlled exposure levels.
What does leverage mean in portfolio construction?
Leverage denotes the aggregate of position weights assigned to all stocks within a portfolio. The leverage can fluctuate, influenced by the quantity of stocks selected within a given timeframe. The overall leverage remains constrained by the user-defined "MaxLeverage." If leverage nears or exceeds this threshold, lower-ranked names from the list will be excluded to align with the specified limit.
How often can I rebalance my portoflio?
RebalanceDays within the create screen wizard signifies the interval, in terms of trading days, between portfolio rebalancing. For instance, a month typically comprises 21 trading days. Therefore, selecting "21" for the "RebalanceDays" field achieves a monthly rebalance. Similarly, for a quarterly rebalance, "63" days would be selected, corresponding to three months of trading days.
How do you calculate the Sharpe ratio of Model portfolios?
The "SharpeRatio" is calculated over a rolling 3-year period. This approach provides a comprehensive assessment of risk-adjusted performance by considering the portfolio's returns and volatility over this timeframe.
Can I make my model portfolio private?
MakePublic can be set to "true" to share your strategy with the broader audience. By enabling this option, users can view the outcomes of your screen or backtested portfolio. However, specific underlying parameters will remain confidential and not be visible to others.
Where can I see stock screens created by others?
TopScreens encompass screens devised by users and shared publicly. These screens are presented in alphabetical order. It's important to note that these screens have not undergone backtesting for viability or performance and should be employed cautiously. For instance, if a user seeks information about the highest dividend-paying stocks in the US, they can select the relevant screener to observe results based on previous closing prices. Dividend yields are calculated weekly, which might result in slight variations compared to your broker's values.
What's in the GlobalMarket section?
The GlobalMarket section encompasses articles spanning a spectrum of subjects, ranging from macroeconomics to emerging instruments like structured products. It also provides daily market commentary, offering insights into the global markets, including equities, bonds, foreign exchange, cryptocurrencies, and diverse asset classes.
How does Xstocks calculate the day's return?
DayReturn refers to the calculated percentage value representing the stock's return on the previous day.
How does Xstocks calculate the annual returns?
AnnualReturn denotes the calculated return over a span of 252 trading days.
How does Xstocks calculate volatility?
Volatility pertains to the annualized standard deviation of portfolio returns, computed using daily historical data over the preceding three months. Similar calculations are performed over 10-day and six-month periods. These specific stock details can be accessed on the SingleStock details page.
How do I include specific industries?
IncludedIndustry encompasses all industries by default when crafting new stock screeners. However, the option exists to tailor screens for specific industries by selecting only those of interest.
What if I want to only exclude specific industries when creating a stock screen?
ExcludedIndustry does not exclude any industry from the screener by default. However, specific industries can be intentionally excluded by specifying them in this field.
Which stock markets are covered by Xstocks?
Xstocks currently facilitates three exchanges: NSE, BSE, and all US exchanges. You have the flexibility to select the exchanges from which you want to pick your stocks. Please note that you cannot combine US exchanges with Indian exchanges at this time. However, you can opt for both NSE and BSE simultaneously. Some names might appear multiple times if they are traded on both NSE and BSE.
What do various fundamental ratios mean?
P/E Ratio
Compares stock price to earnings per share, assessing valuation and sentiment.
Forward P/E Ratio
Similar to P/E, evaluates company's value based on projected future earnings.
P/B Ratio
Compares stock price to book value per share, gauging valuation in relation to net assets.
Debt to Equity Ratio
Indicates debt relative to equity, offering insights into financial leverage and risk.
Debt to Assets Ratio
Measures total debt compared to total assets, indicating percentage financed by debt.
Enterprise to EBITDA Ratio
Assesses enterprise value to EBITDA, evaluating operating performance.
Enterprise to Revenue Ratio
Compares enterprise value to revenue, providing insights into valuation relative to sales.
PEG Ratio
Factors P/E and expected earnings growth, assesses valuation considering growth prospects.
How can I learn about all the other fundamental ratios?
EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization - measures operational performance.
MarketCap
Market Capitalization - total value of company's outstanding shares.
MarketCap(USD)
Market Cap in USD - valuation of company's equity in US dollars.
Dividend Yield
Ratio of dividend per share to stock's market price, indicates income from dividends.
Operating Margin
Operating Income as a percentage of Revenue - measures profitability.
Earning Growth
Percentage increase in earnings over time, indicates company's growth.
Revenue Growth
Percentage increase in revenue over time, reflects company's sales growth.
Return on Equity
ROE - measures company's profitability relative to shareholders equity.
Short Ratio
Percentage of shorted shares in relation to total shares outstanding.
Short Percentage
Percentage of shares being shorted compared to total shares.
How do I evaluate returns vs. risk of a stock?
Return vs. Risk evaluates a stock's performance over specific time periods and considers risks like historical volatility. It also calculates the stock's Sharpe ratio over a three-year period using daily data.
What are the time frames used in calculating SMAs?
Moving Averages - SMA:Calculating Simple Moving Averages (SMA) over various timeframes, including 10 days, 1 month, 3 months, 6 months, and 12 months, provides insight into how a stock is trading compared to its moving averages.
What are the various article categories covered by Xstocks?
Global Markets|Learning Materials|Top Stories|Insights into Stocks: These categories offer a diverse range of articles to provide information and insights on various aspects of the financial world.
What time frame is used by Xstocks in running the backtests?
Portfolio Backtesting: Utilizing 12 years of daily historical data, portfolio backtesting incorporates diverse stock price, volume, volatility, and basic fundamental criteria. This process calculates key statistics including cumulative return and Sharpe ratio, and generates positions for each rebalancing date. Users have the option to download positions in both Excel and PDF formats for all trading dates. This comprehensive analysis offers valuable insights into portfolio performance and strategy effectiveness.
Can you explain Sharpe ratio in detail?
The Sharpe Ratio is a measure of the risk-adjusted return of an investment portfolio or asset. It helps investors evaluate the potential return of an investment while considering its level of risk. It was developed by Nobel laureate William F. Sharpe.
Formula
The Sharpe Ratio is calculated using the following formula:
Sharpe Ratio (SR) = (Rp - Rf) / σp
- SR is the Sharpe Ratio
- Rp is the expected portfolio return
- Rf is the risk-free rate of return
- σp is the standard deviation of the portfolio's excess return (the return above the risk-free rate)
A higher Sharpe Ratio indicates a better risk-adjusted return, as it means the portfolio is delivering more return for the same level of risk, or the same return with lower risk.
Where does Xstocks use AI?
Luna is a conceptual AI girl created by Team Xstocks. She specializes in analyzing and predicting stocks in both the United States and India. Luna's predictions are based on data-driven insights, and she leverages tools like pandas, Keras, and other machine learning tools to make her forecasts.
It's important to note that Luna's predictions can be inaccurate at times. Her predictions are solely based on the data available to her, and she operates within the limits of the information in her database. She is also susceptible to errors that may arise from unreliable or incorrect data. However, Luna's creators are committed to continuously improving her predictive capabilities.
Users should exercise caution when using Luna's predictions, just as they would with any other stock market forecasts. While Luna helps users sift through vast amounts of time series data and provides understandable scores, it's essential to remember that the stock market is inherently unpredictable, and past performance is not always indicative of future results.
Luna operates using a rule-based engine that analyzes historical data objectively and generates predictions. Her goal is to assist users in gaining insights from complex data and making more informed decisions in the world of stocks.
Keep in mind that Luna's predictions are a valuable tool, but they should be used as part of a broader investment strategy, and users should consider multiple sources of information before making financial decisions.
How do I use the stock recommendations from Luna?
Luna's Buy/Hold/Sell predictions are the result of analyzing the most recent available data. Typically, she relies on the previous day's data for stock prices and volumes, as well as the latest data from company filings. Luna uses a variety of criteria to assess each stock and generates a comprehensive score.
She also highlights which factors are in favor of a stock and which factors are working against it. Luna's prediction is presented as a simple recommendation to either Buy, Hold, or Sell a stock. However, it's crucial to remember that, like all predictions in the stock market, her recommendations are not guaranteed to yield any returns.
Luna's predictions serve as a guidepost for users, making it easier to analyze stocks by simplifying complex terminology and statistics into user-readable metrics. While her insights can be valuable, users should exercise caution and consider various sources of information when making financial decisions.
Investing in the stock market carries inherent risks, and Luna's predictions are just one tool among many that can aid in decision-making. Users should conduct their research and seek advice from financial experts before making investment choices.
Can you give me more details about Luna?
Luna, developed by Team Xstocks, is an AI specializing in stock analysis and predictions for both the US and Indian markets. She relies on data-driven insights and machine learning tools like pandas and Keras to make forecasts.
It's important to acknowledge that Luna's predictions may occasionally be inaccurate. She operates within the confines of her database, and errors can arise from unreliable data. Nevertheless, Luna's creators are committed to enhancing her predictive abilities.
Users should exercise caution when using Luna's forecasts, as the stock market is inherently unpredictable. While Luna simplifies complex data and provides understandable scores, her predictions should be part of a broader investment strategy.
Luna uses a rule-based engine to objectively analyze historical data and generate predictions. Her aim is to help users make more informed decisions in the stock market.
Remember that Luna's predictions are a valuable tool, but users should consider multiple information sources before making financial decisions. Her insights can be a helpful addition to your investment strategy.
How do you classify companies based on Marketcap?
MarketCap offers the capability to set a market capitalization range as a filter, allowing users to narrow down their selection to stocks falling within the designated range. This empowers users to precisely pick stocks based on their market capitalization preferences. For reference, the following table outlines the market capitalization buckets and their corresponding ranges in millions of dollars:
- Nanocap: Below $50 million
- Microcap: $50 million - $300 million
- Smallcap: $300 million - $2 billion
- Midcap: $2 billion - $10 billion
- Largecap: $10 billion - $200 billion
- Megacap: Above $200 billion
Utilizing these ranges, users can efficiently tailor their selections based on desired market capitalization criteria, enhancing their investment decision-making process.
