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Widget Spotlight #9: Buying Performance History

With FinanceBoards' web-based platform (no downloads needed), you can configure your investing dashboard with any of our 500+ financial widgets. In the “Widget Spotlight” series, we pick one of these widgets, explain how it works, and go over why it’s a widget to consider adding to your dashboard. This is our first spotlight that goes over a “Professional Investor” subscription widget (all the others can be accessed with a free account)
 
 

Today’s widget is the Buying Performance History widget.

This widget deals with the FinanceBoards’ Predictive Analytics Model, a tool that measures the performance of 400+ stock metrics from a range of categories (Company Fundamentals, Technicals, Sentiment, Analyst Estimates, and more) and weights the metrics according to their performance, with the weights being used to determine the overall ranking.

For a more thorough overview of the how the predictive analytics model works, check out minutes 15:12- 25:50 of this video.

This widget is ideal for those who want to keep track of the models’ daily performance.

Since the criteria at the top of the widget states “Top 5 Stocks - One Month,” the performance (the %Change column) displayed for a specific “Date” (the first column) is the performance of the top 5 stocks picked by the model a month prior to that date. Along with those two are:

  1. An “%SP500” column that displays the S&P’ 500’s change in value over that same time period.
  2. A “Diff” column that shows the difference (black if positive, yellow if negative) between the performances of the top 5 stocks and the S&P500.

Breaking this down even further:

  1. The first row shows the most recent trading date, July 14th, 2017 in this case
  2. This means that the performance of the top 5 stocks picked by the predictive analytics model was measured from 30 days prior to July 14th (June 14th) to July 14th
  3. The second column displays the performance of the top 5 stocks
  4. The third column shows the performance of the S&P500 over the exact same period
  5. The fourth shows the difference between the second and third column (Top 5 stock performance – S&P500 performance)

Keep in mind that while this widget is set to show a month-long holding period performance, simply clicking on the header and typing in “One Week” or “One Year” instead of “One Month” will show you the performance history for those time periods. (You can also type in "Top 10" or "Top 25" to see the performance of the top 25 stocks picked by the model)

Skimming down the fourth column shows you a day to day performance of the model in relation to the S&P500. Of course, displaying such data makes a company vulnerable, since any negative results are out there for everyone to see (and we can see that there was a period where the model underperformed the S&P two days straight, but occasionally there have been more.)

But, at FinanceBoards we try to be as open as we can, because unfortunately openness isn’t too common in the financial industry. (have you ever seen a mutual fund display its yearly returns next to the S&P 500’s, let alone their returns day by day?)

The Buying Performance History is a great Information Widget that can be added to your FinanceBoards Stock Research Dashboard(s). To access the different subscription levels log into the FinanceBoards platform first and then subscribe to the Professional Investing Level to bring the The Buying Performance History Widget and the power of FinanceBoard’s predictive analytics to your FinanceBoards platform.

The breadth of FinanceBoards’ research data and information widgets are much greater than Buying Performance History though. You can also create any Widget yourself from any API and add them to your dashboards, either our premade ones or ones you’ve created. Signing up for a free account below is a great way to explore all the widgets FinanceBoards offers.

 
Click here for a seven minute overview of FinanceBoards that includes the steps on how to add widgets such as these to your dashboard.

Thanks for reading, and stay tuned for our next Widget Spotlight.

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