Top Rated Analyst Recommendations

Wednesday, 8 July 2009 09:53 by synergize
Like most indicators, they are build around a long-term and a short-term outlook or signals. So I thought that I can do the same here in my analyst recommendation page. By looking at their long-term performance(like 60 days) and their recommendations for the past 3 or 5 or 7 days(short-term), I can have better picture whether to trust this analyst or not. Lately I've been thinking of an easy way to find those top performing analyst, so I decided to add one item in the dropdown which is called "Top Rated Analyst".

Yesterday I made a minor release to include the "Top Rated Analyst" in the dropdown selection. These are the top 5 highest rated analyst based on their 60 day performance. Rating is calculated as 2/3*(Average Profit/Loss) + 1/3*(Accuracy). Analyst need to have a minimum of 9 recommendations. Rating is calculated separately for Upgrades, Downgrades and Initiated.

For upgraded recommendations we predict the stock to go up. Profit/Loss(P/L) is calculated as if you went long on a stock. Initial price is the closing price at the date of recommendation. For example stock A was upgraded and it closed at $10. After a few days it went up to $12. The profit in percentage would be 20% (2*100/10). If the price went down(instead of up) to $8, that would be a loss of $2 which is equal to a 20% loss.

For downgraded recommendations we predict the stock to go down. Profit/Loss is calculated as if you went short on a stock. For example, stock B was downgraded and it closed at $10. After a few days it went down to $8. The profit in percentage would be 20%(2*100/10).

For initiated recommendations, regardless of what the recommendation is, follows the same calculation as the upgraded.
Other updates includes adding the rating column in the P/L summary table. Also I added the "Last 15 Days", "Last 30 Days" and "Last 60 Days" in the number of days dropdown. When you select one of these, you are required to select an analyst otherwise the table/grid will not refresh.
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Analyst Recs BETA Page

Tuesday, 2 June 2009 16:06 by synergize

Released the Analyst Recs BETA page. This page contains latest(today, last 3, 5 and 7) analyst recommendations(upgrades, downgrades and initiated). It also includes a summary of their Profit/Loss (P/L) performance the last 15,30 or 60 Days. The P/L summary provides a view of the bigger or the long-term picture. Like technical indicators and signals which consists of slow and fast moving signals to determine a trend reversal. This kind of technical analysis can be applied to analyst recommendations by comparing short and long-term trends/performance. The initial price is the closing price of the date the stock was recommended. The last price is the previous day closing price.

Click here to visit the Analyst Recs BETA page.

Website Update - SafeZone Stop

Friday, 8 May 2009 21:52 by synergize

At least for now, we are seeing positive signsSmile about longtime trouble spots like banking and unemployment. The latest came from news that job losses slowed in April and that big banks don't need as much capital as some investors had feared. The Bull-vs-Bear chart indicates the bulls prevailing the bears for the past several weeks now. (Voice your sentiment by Joining the Poll: Do you trust the rally?)

If you bought some stocks the past few weeks, your screen is probably filled with flashing green colors by now and I would say you found a good trade. Will you continue to hold and move your stops higher or is it time to take profits? Placing stops is one of the hardest challenges in trading, more so than finding good trades. You put a stop too close and it will get whacked by some meaningless intraday noise. If you put it too far, you will have very skimpy protection. Most trading books repeat the same advice - place a stop below the latest low when long or above the latest high when short. This method is so simple and common that tons of stops become bunched up at the same obvious levels.

Alexander Elder in his book "Come Into My Trading Room", introduced the SafeZone Stop. SafeZone measure market noise and places stops at a multiple of noice level away from the market. The book provided steps on how to calculate it using Excel spreadsheet. Fortunately, I was able to build or develop the calculator and integrate it in this website. In the book, there are rules for Longs in Uptrends and rules for Short in Downtrends. For the time being, the version that I built only supports the former(Longs) and uses a 10 day lookback period. If you don't own this book, I recommend that you buy one. The book is highlighted in the left of this page.

So without further ado, welcome to the SafeZone page. Enter the ticker/symbol and the SafeZone stop will be in the SafeZone column. Note that you don't lower your stops. If it gets hit, we bail out. In the future, I will add the calculator for Short in Downtrends.

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Website Update - Trend Analysis and Charts

Friday, 1 May 2009 11:53 by synergize

What industry have the most number of bullish indicators?

What industry have the most number of analyst upgrades/downgrades?

What industry have the highest number of Indicators per Ticker ratio?

See new charts you haven't seen before. Visit the industry trend analysis page and the bull versus bear indicators charts. The pages are still undergoing development and your feedback will be greatly appreciated. If you have questions, suggestions or to report a bug, you can send it using the contact page. Registration might be required in the future.

Thank you!

Web Release: Upgrades and Downgrades Added to Tech. Indicator Option

Tuesday, 24 March 2009 11:56 by synergize

Today I added the Upgrades/Downgrades grid in the Research>Tech. Indicator page. Currently it is only showing the bullish and bearish technical indicators for the past several days. Now you will be able to see the most recent brokerage or institutional recommendations for the stock or symbol that you selected.

For example, the stocks below were recently upgraded by two or more brokerage firms. Click here to view DRI recent upgrades.

Symbol Company Exch. Industry Tech Ind. MS Ind.
DRI Darden Restaurants, Inc. NYSE Restaurants 12 3
CNQR Concur Technologies, Inc. NASD Technical & System Software 2 1
INTC Intel Corp. NASD Semiconductor - Broad Line 2  

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Trading Tips

Short-sell only stocks with low margins and negative or declining cash flows - Vad Yazvinski(on Short-selling rules)

Poll

This poll is closed.
On 8/19/2009, the United States economy is out of the emergency room and appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.
I agree with Warren Buffet's opinion
 
75.0%
I don't agree with Warren Buffet's opinion
 
25.0%

Total Votes: 4

Finance Quote of the Day

The fact that equities are being sold down, despite the lowest interest rates in recent history, simply means that the market doesn't see growth ahead for very many businesses. - John Malone