Welcome to SharePad as a huge market data base that allows investors to find excellent investment opportunities in the shortest period of time.
I’ve been using SharePad since the time it was launched in 2015 and was unable to purchase shares without it.
SharePad provides a wide array of investment tools that are powerful -one of them is an outstanding stock screener which narrows hundreds of companies to one or two to further investigate.
I’ve been investing since the beginning of the 1990s. I have searched for shares that are likely to win by using, for example, Bloomberg, Capital IQ, Stockopedia and Company REFS…
Why am I insisting on using a standard screener like SharePad?
Simple — I’d like to discover the best opportunities on my own and not depend on anyone else.
The SharePad’s rich information can instantly highlight the many promising shares to investigate further — shares I’d never have come across.
Another option to screen stocks is to rely on the suggestions of investment magazines, tips sheets, notes from brokers and social media.
I guarantee you that you’ll never be an expert stock-picker if depend on others to give you investment recommendations. The best investors conduct themselves and discover their own top performers.
In this stock-screening review, I will outline the SharePad advantages and direct you to several sources to help you determine whether stock-screeners or SharePad are the right choice for you.
First, a little stock-screening background.
Companies REFS along with Jim Slater
Screening stocks has advanced since I began buying shares.
My first screener for stocks used to be Company REFS. The company’s service was before the modern internet, and users received an enormous book of information each month. I have preserved this issue from 1996:
There there was no screening in the sense of. The book contained tables listing shares that fit certain filters. You needed to look through the book for companies that met different criteria.
You had to wait another month to receive an updated volume of information!
REFS was then transferred to monthly CDs. This made the process of filtering much simpler. Finally, REFs Online emerged that provided regular updates on a daily basis via a web site.
The most appealing aspect in REFS was its stunning PDF layout of data — a design masterpiece that offered an immediate overview of any business. The black moons on the top-right-hand shaded area were especially beneficial:
At the time everyone in the private sector was using REFS. Jim Slater, who helped create REFS using the Zulu Principle books, said to me REFS was still in use when I spoke with his in 2009. The experience of having Jim look over my shoulder while I signed into REFS was an eerie experience!
The main drawback of REFS was the inability to create flexible screening. The columns that were used to filter information (such as the P/E ratio and dividend yield, gearing, etc. were fixed, and the design of the screens you used was constrained.
As you’ll see in less than a second the majority of screeners are still using the same fixed filter disadvantage even today.
REFS was sadly entangled in financial troubles as better-value offerings such as SharePad and Stockopedia were introduced in the decade of 2010. REFS was a huge expense, costing PS800 per year.
When looking for SharePad alternatives make sure you check this website…
Mark, the son of Jim Slater. Mark has acquired REFS in the year 2019. Mark told the reporter that at the time
“My father invented REFS (Really Essential Financial Statistics) in the early 1990s. It was an innovative data source and far ahead of the rest for a long period of. Slater Investments will invest in the database, and I am confident that it will grow into an extremely useful research tool that can enhance the investment processes of our company.”
Stockopedia and StockRanks
Stockopedia was founded in 2012 following its cofounder Ed Croft discovered “deep within academic research ” a largely unexplored method known as”Factor Investing.”
In the words of Ed, Factor Investing “built on the knowledge of high value and momentum investors toward a solid system that anyone can use to their advantage.”
This “robust and repeatable framework” developed into a Stockopedia-based algorithm, which rates every share according to quality value, momentum and quality. Ed Croft has run a “NAPS” portfolio with the Stockopedia “StockRanks” algorithm since the year 2015.
The complete portfolio write-ups of Ed remain behind a paywall however, their introductions are accessible for free (email registration is required) and provide a glimpse of what’s transpired.
The reason Stockopedia’s StockRanks is as simple. The Stockopedia computer calculates the top-ranked shares, and the only thing you need to do (at least, in accordance with Ed -is to invest an hour every year purchasing an assortment of these shares.
Ed’s portfolio demonstrates how the method is possible. However, the real question is whether you can trust the Stockopedia data enough to adhere to it’s method…
…and do not give any more consideration into your investment choices.
I started investing around 20 years ago before StockRanks were published for the first time and I needed to consider my own thoughts in assessing a share. I don’t have the confidence to rely solely on an algorithm created by computers.
However, you might not be weighed down by my personal experience, and you may want to create a portfolio that is not thought-of.
The Stockopedia stock screener lets you to find shares that have attractive StockRanks.
To screen stocks for normal use However, Stockopedia lacks the custom flexibility and the extensive information provided by SharePad. SharePad.
Stockopedia provides screening of the most common financial ratios.
Be aware that you cannot make your own ratios, like income per employee, or profit as proportional to debt within Stockopedia.
The restriction might not seem too restrictive if you’re novice to the world of screeners.
Over time, you’ll recognize that custom screening ratios could assist you in finding shares that don’t show into the eyes by other potential investors.
It is possible to create an investment advantage by establishing individual screening rates and SharePad lets you accomplish this.
Let’s take a look at how SharePad compares with Stockopedia in terms of screening.
I’ll jump right into a complicated filter.
Let’s suppose we wish to look for firms that have not heavily relied on acquisitions to grow.
It is possible to do this by searching for companies in which goodwill on the balance sheet (created via acquisitions) is between, say 10% and 0 percent of net asset value.
This filter can’t use with Stockopedia however, it is not possible to do so through SharePad. SharePad.
Screeners for stocks are ideas generators.
I want to stress this: SharePad (or any other screener that you can use) is only the beginning stage of your research.
Stock screeners are also known as ‘idea generators’. They offer names that you can explore further, but not names that you can just buy in a blind purchase.
A stock market database can’t provide you with all the information about the company’s products or long-term outlook. You must decide for yourself if profits, sales and dividends are expected to grow and increase the value of shares up to new levels.
SharePad helps you save time while making lists of great ideas to further study. Actually, you can create an entire library of screens by utilizing your own customized ratios and filters. Eventually, you’ll get rid of investment publications and tips…
…because you’ll find better ideas for yourself on SharePad!