Fundamental Type Settings

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Fundamental Criteria

alerts_paramsfundmntls.pngOver thirty Fundamental Alerts criteria types are available for use in alerts.

The Fundamental alerts criteria allows users to identify stocks whose fundamental performance meets the criteria defined in a alerts.

Any number of different fundamental criteria can be included in each alerts, and the criteria's parameters can be set in a wide number of different ways.

Note that the Fundamental Experts alerts criteria also relies heavily on fundamental criteria, but most of the parameters are predefined according to the objectives of each Expert. For more information, go to the Fundamental Experts alerts Criteria topic.

Available Fundamental Criteria

Click on the blue Fundamental bar in the Available Criteria list to open the list of Fundamental data types available as alerts criteria.

Select a Fundamental criteria from the Available Criteria list and click the Add button.

A new line containing the selected criteria and its default parameters will be added to the Selected Criteria list. The new row will be highlighted and the Search Criteria Parameters dialog for it, containing its default settings, will be open in the lower right of the work page.

The default Parameters can now be edited.

As the values and settings are changed in the parameters entry boxes, the plain English description in the Parameters section of the Selected Criteria list will be updated.

When all criteria is defined, click the save icon butn_save.gif in the Alerts function bar to save the new setting for the alert.

Criteria Definition

Select a Fundamental criteria from the Available Criteria list and click the Add button.

This will open the Search Criteria Parameters dialog for it in a floating dialog box.

The dialog indicates which Fundamental Value will be used in the calculation, and contains a number of operators relevant to that value type:

alerts_paramsfundmntls2.png

Criteria Description Table

All Selected Criteria, and their current Parameters settings, will be listed in a table at the top of the dialog.

The Criteria type and name will appear in the Selected Criteria column, and a 'plain English' description of the current Parameters settings will follow:

alerts_paramsfundmntls3.png

As with other market alerts, more than one criteria can be added, or the alerts can be run using a single criteria.

To delete a Selected Criteria from the table, select the criteria's row and click the Remove button located below the Available Criteria list.

To Edit an existing Selected Criteria, select the criteria's row. When it is highlighted in dark blue, its parameters will appear in the Search Criteria Parameters section, and its values can be edited.

Search Criteria Parameters

When a criteria is initially added to the Selected Criteria table, its default settings will populate the entry boxes in the Search Criteria Parameters section. Users can change the values and settings and then save them in the alerts.

Current Value Criteria

Some of the Fundamental alerts criteria types can use fundamental data that is calculated using current market values. This means that the ratios are calculated using the reported financial data and the current market price data to produce the ratio's value.

For these criteria types, users have the option of using the ratio calculated using Current Values, or using reported values.

For the criteria types that only have reported Fundamental values this option is not available.

Go to the Available Fundamental Criteria Type list for Current Data and Reported Data to see which group a particular criteria belongs to.

Operator

alerts_paramsfunoperators1.pngAn Operator setting will act to qualify the value of the selected fundamental data (the primary value) with reference to the Second Value defined by the user in the next section of this dialog.

There are three different types of Operators:

  • Is Less Than /Equal To/ Greater Than (and the possible combinations) the Second Value
  • Has Increased / Decreased relative to the Second Value
  • Is Any Value in relation to the Second Value (meaning, in effect, that the Operator function is turned off)

Second Value

Then the user nominates the Second Value to compare against the selected fundamental data (the primary value) using the Operator.

There are two value types available:

Numeric Value...

When users are familiar with the benchmarks for a particular Fundamental Ratio in a particular industry, a numeric value can be set to be used by the Operator to alerts the fundamental data.

For example, if a market's average P/E Ratio is 15, a alerts can be set to find all companies with a 'P/E Ratio Greater Than or Equal To 15'.

Qualifiers

The result using either value type can be further qualified by the following additional parameters:

On Average

This will average the score over the past number of years set in the Over the Past setting and then apply the criteria.

Every Year

This requires that the criteria be met for every year for the period that is set in the Over the Past setting.

Over the Past

Effectively this means (assuming it is the only qualifier selected) that the alerts be detect stocks for which the criteria was "met in any year" in the specified range. For example, setting the Over the Past setting to 4 Years means if at any time in the past four years the criteria was met, then that stock will be returned as a alerts result.

Include Negative Values

The default is to ignore negative values.

In some instances, users may want to alerts for negative values. For example, this setting could be used in conjunction with the previous setting to identify companies that had negative income over a number of years.

Note - If all of these check-boxes are unchecked, the alerts will be performed on current data only.

Available Fundamental Criteria Types

The following Fundamental alerts criteria types are available:

  • Beta
  • CapEx/Sales
  • CapEx/Total Assets
  • Current Ratio
  • Debt/Assets Ratio
  • Debt/Equity Ratio
  • Dividend Growth
  • Dividend Payout Ratio
  • Dividend Yield
  • Earnings Growth
  • Earnings Yield
  • Gross Profit Margin
  • Inventory Turnover
  • Market Cap
  • Net Income
  • Net Margin Growth
  • Net Sales/Revenues
  • Net Sales/Revenues Growth
  • Operating Profit Margin
  • PEG Ratio
  • Price/Book Value Ratio
  • Price/Cash Flow Ratio
  • Price/Earning Ratio
  • Price/Sales Ratio
  • Quick Ratio
  • Return on Assets
  • Return on Equity
  • Return on Invested Capital
  • Total Investment Return
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