Click here to view video
This is Ken Leoni Vice President of Marketing here at Stock Rover. This video will provide an overview of Stock Rover’s screener facility. Screeners screen for Stocks or ETFs from a defined universe and deliver the tickers that pass all of the criteria of the screener, thereby generating a set of investment candidates with the characteristics you desire.
I’ll start by showing you how to select and run a screener and display the screener results. Then I’ll dive a little deeper into screener management, where you can manipulate screeners, as well as leverage screeners to perform filtering and scoring operations.
Please note that some of the features shown in the video require a Stock Rover Premium Plus subscription.
The simplest and quickest way to run a screener and see the results is to first select Table mode in the Grey Menu bar, and then simply click on the screener you want to run from the Navigation panel. Clicking on a screener runs the screener and puts the generated results in the table. I’ve picked the Growth At A Reasonable Price (GAARP) screener you’ll see that the tooltip tells us the screening criteria. Note that you can control whether this tooltip appears or not under “Preferences” and selecting “Show Navigation panel tooltips”. I’ll turn the tooltip off.
Stock Rover starts you off with 15 or so popular screeners that you can use instantly. In addition to that, there are well over 100 additional screeners that you can select from and import into your account via the Stock Rover Investor Library. To do this, simply select Library from the Grey navigation menu and select screeners, then find the screener or screeners you are interested in and import them. I’ll search for value screeners. Note that screeners that have already been imported are lightly shaded, as we can see here with the Fair Value screener.
I can see that the GAARP screener returned 19 tickers into the Table. You can think of the Table as functioning as a spreadsheet and each of the Views as a workbook highlighting different aspects, of price performance, financial or operational information. I’ll toggle to the Return vs S&P 500 view and then back to the Profile View. If I change to All mode, in addition to the Table, I can see both Chart and detailed Insight information for each of the tickers that pass the screener. You’ll note that both the Chart and the Insight panel march in lockstep when I step through the tickers. As we can see there is a phenomenal amount of information available to us in both tabular and graphical format.
If you want to create a new screener or modify an existing screener, then Screener Management is the place to go. This is found under the Management group in the grey selector bar on the left. When I switch to Screener Management, we’ll see 3 panes displayed. “Screeners” is where we select the screener we would like to manage. “Screener Actions” provides shortcuts to screener functions as well as quick access to Help Topics specific to screeners. The “Screener” pane is where we can alter the screener criteria, see a quick preview of the first 100 passing tickers or all the tickers if there are fewer than 100 that pass, run the screener in the table, chart the screener, and use the screener’s criteria to Filter and Score.
Stock Rover delivers an impressive set of editing capabilities. The screener can screen on any combination of over 500 price, operational, financial, efficiency and ratings metrics. You can screen with historical data. You can rank stocks that pass screening by the criteria you care about based on weights assigned to the criteria and you can use equations for more complex screening criteria.
We can change all kinds of screening criteria. What we screen for based on Equity Type – Stock, Preferred, or ETF. The Universe of Stocks to select from – for example All Exchanges, Major US listings, or perhaps just the S&P 500. Which metrics to use in screen and what criteria to screen on. A simple example is to find all stocks with a P/E between 10 and 20 and a 3-year average sale growth rate of 5% per year or more.
We can edit based on a simple threshold. First, let’s note that in the Preview window we see 24 stocks currently pass our screening criteria. Let’s edit Sales Growth Next Year and change from 2% to 5%. Note now that Preview shows 22 stocks.
Stock Rover also supports the concept of equations. Here we see Earnings Per Share Now must be greater than the Earnings Per Share for Trailing Twelve Months value from 1 year ago today. Here we see historical metrics where we can choose to go back based on Quarter, Trailing Twelve Month Period, or Calendar Year.
This screener is a ranked screener. When I edit Sales quarter over quarter change we’ve assigned a weight of 5% based on the highest quarter over quarter change. We have 17 rankings that together add up to 100%. We set the limit to 50, so if this screener were to return a huge number of tickers, we are limiting the return to the top 50 tickers. Let’s save our changes.
Screener Management isn’t simply for editing Screeners, we see a whole host of options along the top. We can go to Table Mode and display the tickers along with their screening criteria or we can take the results of the screener and load them into the most recently loaded view in this instance into the most recently loaded view was the Profile view. Let’s Run in Table (Screener Filters) – The Screener Filters View is dynamic, the columns in the view will change based on the screener that is loaded from Screener Management.
I can also chart the screener – Stock Rover charts the screener as if it were a portfolio with an equal dollar weighting for each holding.
I can use the screener to score a Portfolio or a Watchlist. To score a means you can see how stocks in your portfolio or watchlist perform against the full set of filters from the screener. Let’s score a portfolio, I’ll use this GAARP screener to Score a portfolio called 20 TOP ESG Companies. We can see that Google met all 21 criteria so it ranked #1 amongst the 20 Stocks in the Portfolio and it is actually ranked #11 in the GAARP screener.
I can also filter the Table against the full set of filters from the screener. In this instance, we filtered down to one, Google. I can also quickly remove or alter the filtering criteria.
A quick note about the Navigation pane. As a general rule of thumb when in doubt right-click. When I right-click on screeners I am presented with a host of options. When I right-click on the Screener folder I can get add more screeners and even organize my screeners into folders. Folders are enabled under user preferences. When I right-click on a screener I’m also presented with screener-specific options. I can manage the screener. I can chart the screener by itself. I can add the screener to what is already in the chart. I can Filter and Score..and more.
I hope you found the video useful. I encourage you to explore Stock Rover and see all that it has to offer, as well as check out our other educational videos on our website. Thank you for watching.