How to use Screener to make your own screens?
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- Updated On:19-Aug-2021
- Replies:1
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.
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Discussion (0)
Screener offers a set of pre-existing filters or screens which you can use to filter stocks. It also provides the feature to create your own screen to filter out stocks with your own defined parameters. Using both of these features you can find undervalued stocks by adding certain parameters such as PE, RoCE, etc
Screenr is a stock analytics platform that is useful to conduct detailed fundamental analysis and of stocks. You can use the pre-existing screens on the platform or create your own to filter stocks. You can easily follow some simple steps to create your own screens for filtering stocks.
Screener is a stock screening and technical analysis platform that can be used to filter stocks from the Indian stock markets. Screener is a useful platform as it has many tools and features that you can use to find the best stocks according to your parameters. Know about the features and tools in detail here.
Yes, Chartink has an application. The technical analysis screener is a downloadable application that you can install on your PC or mobile and get the best insights on which stock to buy or sell based on various factors.
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Screener is a comprehensive Stock Screening and Fundamental Analysis tool providing platform that provides many useful tools for the following. Screener provides two different plans that you can select from. They are the "Free Plan" and "Premium Plan". Both of these plans have their own features and advantages. Know more about these plans and find out if the Premium Plan is for you.
To find good companies out of the thousand companies listen on the Indian stock exchange, you can filter stocks on the basis of certain parameters such as Market cap, Debt to Equity, Dividend payouts, Revenue and Profits growth, etc. You can easily use an online stock screener to find out these stocks.
Undertaking fundamental analysis and proper research is essential before investing in any particular stock. Apart from this, you should also consider asking seven key questions like 'What does the company do', 'How is it placed among its peers', 'How is the management of the company', etc before investing in it.
In short, Chartink is real-time and is a great help to active traders. It is told to be one of the best stock screeners and has limitations attached to number of details and notifications traders can receive. To know more about Chartink, read through the blog below.
Generating 1000 times returns in the stock market is highly unlikely but not impossible. However, through aggressive trading, scalping techniques, trading in penny stocks, strategies for trading, technical analysis and trading with the market trend, you could get the relevant returns you’re looking for, provided everything favors your decision-making in the desired investment opportunities.