Introduction
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This is Ken Leoni Vice President of Marketing here at Stock Rover. This video will provide an overview of Stock Rover’s watchlist facility.
I’ll start by showing watchlist management where you can create and edit watchlists in Stock Rover, then I’ll show the multiple ways to research and leverage watchlists in Stock Rover.
Before jumping in, a quick primer on watchlists. As the name implies a watchlist is a list of tickers that you want to keep track of or “watch” if you will. You can populate watchlists with tickers based on any criteria of your choosing. Stock Rover allows you to create many different watchlists. Each watchlist consists of a name and a list of tickers. You can use watchlists to keep track of different investment strategies or to just keep lists of possible investment candidates. For example, you can group stocks by type, such as value, dividend or momentum stocks, or you can simply build watchlists with a specific set of stocks that you may potentially want to invest in.
Using watchlists in Stock Rover you can easily stay informed of potential investment opportunities. As we’ll see, you can readily perform research and comparison on the tickers in the watchlist. The tickers can include stocks, ETF’s and funds. You can chart a watchlist as a separate whole entity and compare it against other stocks, indices, industries or other watchlists. You can also score the tickers in a watchlist against a screener based on the screener’s criteria.
Create a Watchlist
Stock Rover makes it very easy for you to create watchlists with a multitude of options. You’re pretty much always a right-click away. You can Type “create watchlist” in the search bar. While in the Table Layout – go to the Watchlist folder and right-click on “Create Watchlist”. Right-click on Watchlists on the grey menu bar. Launch the Watchlist Manager and right-click on the Watchlist folder or launch under “Watchlist Actions”.
Let’s create a watchlist, we’ll name it “Research Further”. I can add 1 ticker at a time. I can continually enter tickers. I can also paste multiple tickers from the clipboard. Notice I can also remove tickers. Let’s “Save”. We now see our watchlist “Research Further” in the navigation pane along with a number of other default watchlists that are loaded into Stock Rover.
Managing Watchlists
To manage watchlists within Stock Rover you’ll want to go to Watchlist Management. This is found under the Management group in the grey selector bar on the left. When I switch to Watchlist Management, we see 3 panes displayed. Watchlists is where we select the watchlist we would like to manage. I can also right-click in the navigation pane for watchlist options. “Watchlist Actions” provides shortcuts to watchlist functions as well as quick access to Help Topics specific to watchlists. The Watchlist pane is where we can adjust the watchlist ticker list. Along the top, we see a number of other options for analyzing watchlists which we’ll take a closer look at a little later on.
Researching Watchlists
The simplest and quickest way to display watchlist results is to first select Table mode in the grey navigation bar, and then simply click on the watchlist you want to research from the navigation panel. Clicking on a watchlist loads the watchlist’s tickers into the table. We’ll stick with our “Research Further” watchlist. Note that you can also right-click here in the navigation pane for watchlist management options.
Stock Rover starts you off with popular watchlists that you can use instantly. In addition to these, there are over 30 additional watchlists 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 watchlists, then find the watchlist or watchlists you are interested in and import them. Note that watchlists that have already been imported are lightly shaded, as we can see here with the Dogs of the Dow watchlist. I’ll search for “S&P 500” watchlists. I can then select and import.
Let’s go to the Table. In the Table I’ve selected the Profile view, notice that I can toggle to other views such as Return vs S&P 500. Let’s sort on 1-Year Return vs. S&P500. Let’s filter for positive returns only. The summary row in the table is computed by weighting the tickers displayed in the table equally. Let’s clear the filter.
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 in the watchlist. You’ll note that both the Chart and the Insight panel march in lockstep when I step through the tickers. I can also chart the watchlist as a single entity. When watchlists are charted, an equal allocation of capital is assumed for each stock. I can benchmark a watchlist. For example, I’ll pick an index and I can also benchmark against other watchlists. Let’s delete the benchmarks.
Adding to a Watchlist
Let’s switch things up a bit. Let’s see how to add tickers to a watchlist on the fly. I’m going to go to screeners and pick our Piotroski High F-Score screener. I’ll switch to Table Mode. In the Table, I see tickers that met the screening criteria. Let’s say in the course of my research I’d like to add some of these tickers to a watchlist. I can select one ticker right-click and “Add to Watchlist”. Or I can multi-select tickers right-click and “Add to Watchlist”. We now see that additional tickers have been added to the watchlist. Using this technique, I can add to a watchlist from whatever is loaded into the Table – It could be an index, Portfolio, Watchlist, or Screener.
Saving to a Watchlist
Let’s load the growth at a reasonable price screener into the Table. Let’s go to the “Actions” pull-down and let’s “Save the Table as a Watchlist”. I’ll name it GARP with today’s date. Let’s save. I’m now saving my screener result to a watchlist. This provides for true backtesting. Going forward from January 4th we’ll be able to see how the passing tickers in the screener fared in the market.
Trading from a Watchlist
Let’s say we’ve identified a ticker of a set of tickers in our watchlist that we would now like to trade into a portfolio. If we right-click on one ticker and select “Trade in Portfolio” we can add the ticker to an existing portfolio or create a new portfolio. We are prompted for the buy date, the quantity, and the price. Selecting multiple tickers allows us to add equal dollar values of each equity into a portfolio. I’ve selected 3 tickers, so $1,000 each would be $3,000.
Scoring a Watchlist
An especially powerful capability is watchlist scoring. Let’s go to the Screener Management and pick our Growth at a reasonable Price screener. We’ll then use this screener to score our Research Further watchlist. We see how each ticker scored against 21 criteria of the growth screener. We see that LAM Research met all 21 of the criteria. It is ranked 8th in the growth at a reasonable price screener and one in our watchlist. The tooltip shows us specific details as to how the ticker fared in Ranking and Filtering, as well as Scoring. Scoring a watchlist against a screener means you can see how well the tickers in a given watchlist are scoring in areas of value, dividend, growth, momentum, and much more.
Watchlist Manager Actions
Let’s go back to the Watchlist Manager. Along the top, we see a number of options available to us. We can shortcut from here directly to the Table or the Chart. We can perform correlation and we can create alerts where we can receive alerts on the tickers within the watchlist based on price, earnings, and volume.
Summary
To summarize, you can create a watchlist or set of watchlists based on any criteria you fancy including value, dividend, growth, momentum, or just some stuff that looks interesting to you. You can research the individual equities ETF’s and funds within a watchlist. You can also chart a watchlist against other stocks, indices, industries, portfolios, or watchlists. You can add tickers from your watchlist to a portfolio or vis versa. Lastly, you can score a watchlist against a screener’s criteria to see how the individual tickers in the watchlist compare to a screener’s criteria.
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.
