Best Free Stock Analysis Software For Mac



Scanning for new stock trades does not have to be a time consuming activity if you know the right websites to go to. The best free stock screeners offer investors the data and usability they need to efficiently screen for stock picks.

Like my list of the best free stock chart websites, this list focuses in on the best stock screeners and scanners available to stock traders and casual investors. The criteria used in this ranking includes depth of filter criteria, selection of both fundamental and technical filters, ease of use, and extra functionality.

I spend hundreds of hours testing financial products and services each year. My reviews are honest and unbiased. If you use the links on this page to open an account, I may be compensated. Thank you for your support. Read more.

Best free stock analysis software for machine learning

Best Free Stock and ETF Screeners

  • Inventory software makes it easy for businesses from offices to stores to warehouses to track products, tools, and assets. Most free inventory management software limits use or features and offer paid plans if you need more. Many small businesses, however, find the free versions sufficient for their needs. Top 7 Free Inventory Management Software for.
  • PAT RESEARCH is a B2B discovery platform which provides Best Practices, Buying Guides, Reviews, Ratings, Comparison, Research, Commentary, and Analysis for Enterprise Software and Services. We provide Best Practices, PAT Index™ enabled product reviews and user review comparisons to help IT decision makers such as CEO’s, CIO’s, Directors.
  • TradingView – Best Overall
  • FINVIZ – Best Fundamental Screening
  • TD Ameritrade – Best Real-time Stock Scanner
  • Yahoo Finance – Basic and Simple
  • MarketSmith – Best for CANSLIM investors

Sharesight truly revolutionized the online portfolio tracking space. They are a frequent. List Of Top Stock Management Software. The five popular stock management software in the market which has proven to meet the needs of the customers are listed here. The best software for inventory optimization and inventory replenishment is NetSuite ERP. It improves supply chain visibility.

1. TradingView

TradingView (if first link doesn’t take you direct, try this one) is my favorite site for stock and ETF screening because the site offers the best overall combination of quality data and ease of use. The screener uses a modern HTML5 design, which makes it extremely user-friendly. The selection of fundamental and technical data available to screen is also vast, and customizing data ranges is a breeze. I love the fact that I can easily swap between ETFs only or stocks only. I also appreciate being able to screen by a large selection of market indices. Hands down, TradingView is my go-to site for free stock charts and free stock screening in 2020.

Pros: Fully featured stock and ETF screener with an excellent selection of fundamental and technical data. List alerts and advanced filter customization are all included for free.

Cons: Data exports and streaming real-time quotes requires paid subscription to TradingView Pro.

2. FINVIZ

The FINVIZ.com stock screener ranks second on my list of top screeners because of it large selection of criteria, user-friendly interface, and overall functionality. FINVIZ offers a thorough selection of both fundamental and technical data, and all results are cleanly shown. Perhaps my favorite feature is the ability to be able to hover over any stock ticker to see a chart pop up instantly. On the downside, there is no filter option to view only ETF or stock results.

Pros: Large selection of fundamental and technical criteria, easy to use, quick hover stock charts.

Cons: No way to filter only ETFs or only stocks and tool is not very mobile-friendly. Advanced features like data exporting, customized filters, and backtesting locked behind FINVIZ ELITE paywall.

3. TD Ameritrade

TD Ameritrade is a $0 online broker best known for its thinkorswim trading platform, which comes loaded with trading tools. For screening and scanning, I use the Stock Hacker tool. Like most other screeners, Stock Hacker is loaded with filter options. That said, Stock Hacker is best used as a real-time scanner, since the trading platform includes free real-time streaming stock quotes. For example, you can scan real-time for stocks with specific technical patterns like flags, channels, and wedges. As one can surmise, TD Ameritrade’s goal is to get you hooked on the trading platform so you fund your account and switch to the broker for everyday trading. TD Ameritrade was ranked first overall by StockBrokers.com in their 2020 Online Broker Review.

Pros: Includes streaming real-time data, easy to use, full feature set, and is built right into thinkorswim which means quick access to dozens of other trading tools.

Cons: To download and use thinkorswim, you at least have to open an account (no minimum deposit).

4. Yahoo Finance

Best Free Stock Analysis Software For Mac Os

The Yahoo Finance stock screener is very basic, but what it lacks in its depth of technical and fundamental criteria to be filtered, it gains with simplicity. Alongside ease of use, the free stock screener includes free streaming quotes, ESG data filters, and results include columns of popular Yahoo Finance fundamental data. Also, in addition to a traditional results list, results can be viewed as a heatmap.

Pros: Simple, easy to use, includes streaming quotes and ESG filters, heatmap view.

Best Free Stock Analysis Software For Mac

Cons: Notably small list of criteria available for screening, “Rate of Return” and “Valuation” locked behind paywall, no data exporting supported.

5. MarketSmith

Rounding out my 2020 list of top stock screeners is MarketSmith. MarketSmith is the charting package from investors.com (Investors Business Daily). First, it is important to note that MarketSmith is not free, nor is it cheap. To gain access to the screener, which includes all the William O’Neil metrics and ratings, you have to subscribe. That said, the charting platform is terrific. All in all, for investors who are seeking access to proprietary fundamental ratings to help them identify and surface viable stock picks, then MarketSmith is worth a look.

Pros: Excellent charting package includes access to the screener alongside IBD’s entire list of proprietary ratings.

Cons: To gain access to the stock screener, you have to sign up for MarketSmith, which costs $149.95/month.

Have a question about stock screeners? What’s your favorite screener tool? Tweet this post and tag me, @InvestorBlain!

Read Next:

A few readers have accused me in the past of being a sadist who wants them to do the dirty work of analyzing companies on their own, instead of simply recommending stocks like so many other blogs do.

But I’d rather give you a compass instead of a map, for you can confuse map with territory and lose your life’s savings walking that path!

In this pursuit of handing you another compass, here is Version 2.0 of my Stock Analysis Excel Sheet that you can download on to your computer, and analyze not just the past performance of a company but also arrive at its approximate intrinsic value.

Mac

If you have been into financial modelling in the past, this excel file may seem like a child’s play. But, if my fourteen years of experience as an analyst is anything to go by, this is most of all you require to “quantitatively” analyse stocks…not models running into hundreds of rows and tens of sheets.

I have personally tried my hands at both the kind of models – the simple one that you can download below, and the complex ones that most analysts use in their doomed pursuits of finding the elusive target prices.

Anyways, this excel file has the following sheets:

Best Free Stock Analysis Software For Macs

  1. First Page: This sheet contains some basic data of the company and a lot of warnings and disclaimers.
  2. Checklist: Most important sheet! It contains a simple Buffett checklist that will help you a lot in your overall decision-making.
  3. Balance Sheet: Enter the balance sheet numbers here (only the ones in red font).
  4. Common Size Balance Sheet (New): All numbers in this sheet are automatically generated using values you entered in the ‘Balance Sheet’ sheet. This is one insightful way to analyze the Balance Sheet, as it helps investigate the different items as a percentage of a common figure. For assets, using Total Assets as the denominator and every other category as a numerator item helps look at it in percentage terms. Once these figures are calculated, you can compare them over time for a single company.
  5. P&L Account: Enter the income statement numbers here (only the ones in red font).
  6. Common Size P&L Account (New): All numbers in this sheet are automatically generated using values you entered in the ‘P&L Account’ sheet.
  7. Cash Flow: Enter the cash flow numbers here, and also calculate the free cash flow (only the ones in red font).
  8. Ratios: All numbers in this sheet are automatically generated using values you entered in the previous three sheets. Don’t touch a formula in this sheet, until you want to modify as per your own understanding. I have explained most ratios here. You just need to hover the mouse on a term to know its definition.
  9. Valuations: This sheet calculates the stock’s valuations using two methods – discounted cash flow or DCF, and an Expected Return model.
  10. Quarterly Analysis (New): Use this sheet to analyze the most important numbers from the company’s quarterly reports.

In all the sheets, you just need to fill out the values shown in red font, while leaving every other calculation as it is.

Apart from these sheets, the new version also includes small trend charts alongside the most important numbers to tell you quickly the trend in those numbers over years.

Best Free Stock Analysis Software For Machine Learning

(This excel won’t work for banking and financial services companies.)

Best Free Stock Analysis Software For Mac Pro

Click here to download the excel sheet.

Words of warning!
Before you get down to using this excel, remember six critical things…

  1. It’s just a compass, and not a map. So take your next step carefully.
  2. Don’t look for perfection. It is overrated.
  3. Focus on decisions, not outcomes.
  4. Look for disconfirming evidence. Avoid falling in love with the numbers.
  5. Remember Charlie Munger who said, “All I want to know is where I’m going to die, so I won’t go there.” Depending just on this excel for decision-making can really kill you (financially)!

Best Free Software For Mac

Let me know if you found this excel helpful.

I will try to improve upon this in the future based on your feedback.