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Introducing Five New Filters to the All-in-One Screener

January 03, 2013 | About:
After receiving such positive feedback about our July update to the GuruFocus All-in-One Screener, we’ve decided to take the 120-filter tool a bit further by adding five more handy functions that our very own members suggested.

Ultimately, our goal is to help our users in generating investment ideas and strategies. As our membership continues to grow, so do our tools and features. We are always welcoming ideas, suggestions and ways to improve and expand our services.

Please take a moment to experience the new and improved All-in-One Screener. The descriptions of the new features are below.

Institutional Ownership

What percentage of a company is owned by mutual funds, hedge funds, investment banks, insurance companies and other large entities? This function provides the option for members to input their own desired percentage range for institutional ownership to see which companies meet the criteria.

Insider Ownership

What percentage of a company is owned by CEOs, directors, 10% owners and other company insiders? This filter gives the option to place a percentage range for insider ownership, to see which companies have its senior officers in the majority seat, or the minority seat.

Price to Tangible Book

Another valuation ratio tool, the Price to Tangible Book Value filter lets users choose from 0 to 10, seeing which companies have a PTBV that fall within the range.

Warning Signs

GuruFocus Warning Signs have been great indicators of a stock’s red flags. It is an exceptional feature to look for to avoid overlooking stock qualities that might prompt an investor to do further researching. These warning signs do not necessarily mean you should not invest in the stock, but you should be aware of them before you invest. Of course, the more the warning signs, the more you need to be aware. The new Warning Signs feature on the All-in-One Screener allows users to input a range for the number of Warning Signs in a stock. (Feel free to read more about Warning Signs.)

Good Signs

As with Warning Signs, the GuruFocus Good Signs feature is similarly designed, but instead reveals the positive aspects of a stock that investors should consider. The more the Good Signs, the better. The new feature on the All-in-One Screener enables users to place a range for how many Good Signs they want in a stock.

Let us know what you think about our new features on the All-in-One Screener. As always, we look forward to another full year of serving more of your investment news and research needs, and we thank you for your continued support!

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About the author:

Dianne Tordillo
Dianne Tordillo is staff writer for GuruFocus.com. She reports on a variety of financial news, primarily dealing with investor portfolios and stock trades. Her articles also highlight insider trades, as well as the many useful features of GuruFocus.

Visit Dianne Tordillo's Website


Rating: 3.0/5 (12 votes)

Comments

pravchaw
Pravchaw premium member - 1 year ago
Great. IS there any way to create custom formula's i.e. (Return on Equity) / Price to book ratio > 9% etc.
gurufocus
Gurufocus premium member - 1 year ago
"IS there any way to create custom formula's i.e. (Return on Equity) / Price to book ratio > 9% etc."

It is possible but the development will take some time.

aldandrea
Aldandrea - 1 year ago
Thank you for adding these new and useful screening features! I requested that you add price/tangible-book and percentage-insider-ownership sometime back and you did it. Bravo!

Regarding the ability to create your own formulas, the easier and perhaps more useful way to support this may be to make the raw data easier to obtain and download, after which the user can build Excel formulas to the heart's content. That is, I would focus on making it easy to render a downloadable dataset of raw data that can then be manipulated. Trying to do this all at the screener level will require a lot of programming and ongoing maintenance and may not be necessary. Towards this -- and this is important -- the predefined criteria settings currently in the screener are often quite limiting and confusing. I recommend opening up the criteria to be anything the user wants -- ie. I should be able to put in ANY range for Price/Debt or Price/Graham rather than only the pre-set criteria (.4., .6, .8). Further, abstractions such as "Bottom 50" are confusing, at least to me. What does "Bottom 50" mean for Price/Graham? Is it the 50 cheapest or the 50 most expensive issues? Or is it the bottom 50% most expensive issues or the bottom 50% least expensive issues? It is not immediately intuitive. One thing that may well become useful and perhaps even necessary would be the publishing of a "Data Dictionary" for the screener, defining each selection item, it's range, etc.

One interesting challenge is to see if you can recreate Joel Greenblatt's Magic Formula screen using the screener. I was able to do this, more or less, in Yahoo's Java screener once I downloaded the data to Excel. I haven't tried using GF Screener but my sense tells me it would be (more) difficult. Note that the Magic Formula in reality screens for more items than ROIC and P/E.

One note: the Price/Graham screen data seems to get way out of wack sometimes. It usually works fine and then, for a time, doesn't work correctly at all, to the point that you can select issues with a less than 1 and get no records. Not sure why that is but want to let you know.

Thanks again and keep up the good work!
newhigh
Newhigh premium member - 1 year ago
Once again, full marks to Dr Charlie and his team. Bit by bit, this screener is turning into a very powerful tool that will empower ordinary investors.

Is there any way to unearth %changes in insider ownership? eg. list all stocks where the CEO/CFO/Other Insider increased ownership by x% or 500% over the past x months. Or maybe "list stocks where a unique first time buyer purchased more than $x? "

A similar command for institutional ownership would also be useful, more so if it has the ability to display both increases and decreases in institutional ownership. eg. list all stocks where institutional ownership has increased/decreased by x%

Keep up the great work Gurufocus!

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