How to use Screener to make your own screens?

Short Answer

Screener is a stock screening and fundamental analysis platform using which you can filter stocks according to any parameters. You can choose any screen from the numerous screens present on the platform or create your own filter or screen to filter out stocks as per your parameters. You can create your own screen by following some simple steps.

Detailed Answer

How to use Screener?

Screener.in is a stock analysis platform using which, you can analyze any stock listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

Screener also provides many other features using which you can do detailed Balance sheets and Profit and Loss statement analysis. Some of the screens included are,

  • Magic Formula
  • Golden Crossover
  • Bull cartel
  • Growth Stocks
  • Loss to Profit companies

All the following screens use different metrics to scan for the most appropriate companies on the Indian stock exchanges. Some of the popular screens such as the Grown Stocks filter uses Price to Earnings (PE), Return of Capital Employed (RoCE) as well as Market Capitalization.

In the same way, you can create your own screen using various parameters.

How to make your own screen?

You can easily make your own screen using Screener. To develop your custom screen, follow these steps:

1 Open Screener and go to the ‘Screens’ section. Click on ‘Create New Screen’.

2 Post that, a new window will open where you will get an empty box where you can enter all the parameters. For example, if you want to find undervalued stocks, you can use the following parameters,

  • Market Capitalization < 1000
  • Price to Earnings< 20
  • Return on Assets> 25
  • Sales growth
  • Profit after tax >1400,etc.

There are numerous parameters available for you to choose from.

3 Once you start including your parameters, make sure to use “AND” in between every parameter, or else the scan won’t run.

4 After you have included all your desired parameters, click on ‘Run This Query’. With this, you will get a list of all the stocks that fulfill your entered parameters.

Conclusion

In the following way, you can use Screener to develop your own screen. You can edit or alter your screen an endless number of times to get the perfect combination of filters.

Tagged With: ScreenerStock ScreenerFundamental AnalysisBalance Sheet analysisEquity Rresearch
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