What is a stock screener?
A stock screener is a tool that allows investors to filter and find stocks that meet certain criteria, such as price, market capitalization, or revenue growth.
It can help investors identify stocks that are worth looking into further, based on specific factors that are important to the individual investor.
What are the benefits of stock screener?
There are several benefits of using a stock screener -
- Identifies potential opportunities: A stock screener can help investors identify stocks that may be undervalued or have strong growth potential, based on factors such as price, market capitalization, or revenue growth.
- Saves time: A stock screener allows investors to quickly and easily filter stocks based on their specific investment criteria, rather than manually searching through thousands of stocks.
- Customizable: Investors can set their own criteria and adjust filters to find stocks that match their specific investment goals.
- Improves decision-making: By narrowing down the list of stocks to research further, a stock screener can help investors make more informed decisions and avoid potential mistakes.
- Keeps track of relevant stocks: Screeners can also help an investor to keep track of stocks that they are interested in and monitor the performance of those stocks over time.
How do you use a stock screener?
Here's a general outline of how to use a stock screener:
- Set your criteria: You will need to set your criteria for filtering stocks. This might include factors such as price, market capitalization, etc.
- Run the screen: Once you've set your criteria, you can run the screen and the screener will return a list of stocks that meet those criteria.
- Review the results: Review the list of stocks that the screener returns and research the stocks that you're interested in further.
- Check the performance: Review the company's financials and other relevant data and see if the company future prospects align with your investment goals.
- Make a decision: After you've done your research, you can decide whether or not to invest in a particular stock.
Note that some stock screeners might have different interface or options, but the overall process remains the same. It's always a good idea to test different stock screeners and see which one works best for you and your investment strategy.Top of Form
Is screener good for stocks?
A stock screener can be a useful tool for identifying potential stock investment opportunities. It can save investors time and effort by allowing them to quickly and easily filter stocks based on specific criteria.
Stock screeners also offer customized screens to zero in on the hottest megatrends in the stock market.
Take for instance megatrends like like fintech, 5G, defense, digitisation, supply chain, healthcare, infrastructurel, consumption, real estate, and more.
However, it's important to note that a stock screener is not a guarantee of success and should not be the only tool an investor uses when researching potential investments.
It should be used in conjunction with other research and analysis.
Why should you use Equitymaster's powerful Indian stock screener?
Equitymaster's Indian stock screener offers a variety of screens. Whether you're looking for fundamentally strong stocks, or the cheapest stocks, or stocks that the gurus are buying, you can find it all here.
Some investors closely track FII activity. Some give importance to what the promoters are doing.
This screener has 10 segments based on anything that would interest you as a user.
- Fundamentals
- Valuations
- Sectors
- Gurus
- Marketcap
- Themes
- Promoters/FIIs
- IPOs
- Dividends
- Smallcap stocks
Just click on these screens and you will have all the relevant stock-specific information at your fingertips.
Also, the screener allows to change the screener inputs to your liking. We've put you in charge!