This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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Aggregate fundamental data for industries could be very useful in a top-down analysis style. It can be of course be used in several ways and would allow you for example to create industry-specific rules in your trading or ranking system.
By running this item daily, you would be able to gather fundamental data for all U.S. industries and sub-industries. The downloader stores the data in a custom database whose name is "industryfund".
The database will contain the following fields:
Mktcap: Market capitalization of the whole industry (sum of the market capitalization of each company that is part of that industry)
Pe: Price to Earnings
Roe: Return on Equity
DivYield: Dividend Yield
LtDebtEquity: Long-term debt to equity
Pb: Price to Book
NetProfitMargin: Net profit margin
Pfc: Price to free cash flow
Each stock would reference the fundamental ratio of its sub-industry. This means that stocks that belong to the same industry would have the same data.
Example of usage using the screener:
To find stocks that belong to industries that has a ROE (Return on equity in percentage) higher than 20, you can type:
filter = getdata("industryfund", "roe") > 20;
To select stocks whose industry is ranked first based on the ROE measure, type:
a = getdata("industryfund", "roe");
filter = comp(a, "rank!") == 1;
This will display all stocks that belong to the industry that has the highest return on equity.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
