Written by Liam Flavelle on 2 August 2018
At InvestorsEdge HQ last month we took a look at the growing list of requirements from you guys and picked the top eight to implement. So without further ado, here they are!
Probably the most requested feature on the system has been to restrict a universe to a certain decile of stocks based on a supplied factor - e.g. filter our stocks to the top 20% of earnings per share in the universe. Meet the new RankScore function that allows you to do just that:
RankScore( EPS(q), Desc)
The new function takes two parameters, a price-, fundamental- or estimate-based AtlasScript function such as Close, EPS or EstimatedCashFlow and an order (either Asc, A, Desc or D) to signify the order you wish to rank the selected factor.
The RankScore function returns a security's position in a universe when the chosen factor is ranked, so the following screen returns all US common shares in the top 20% of the universe when ranked by quarterly earnings per share:
The screener will automatically rank the securities that match the current strategy's security types and selected countries / regions. The new function has two sister functions - RankSectorScore and RankIndustryScore - that returns the rank of a security within each sector or industry grouping.
We think that the RankScore functions will be a huge success and has the potential to really improve your strategies by allowing much finer control of the securities that get selected, and we're looking forward to seeing how you guys use them in the next few months
We have also released 5 new return functions:
|TotalReturn(260)||Gives you the total return of a security (percentage increase in share price + dividends paid) over a given period (a year in this example).|
|PriceChange(260)||Gives you the percentage increase in share price over a given period.|
|PriceChangeRelativeToBenchmark(260)||Gives you the percentage increase in share price relative to your strategy's benchmark over a given period.|
|PriceChangeRelativeToSector(260)||Gives you the percentage increase in share price relative to the security's sector over a given period.|
|PriceChangeRelativeToIndustry(260)||Gives you the percentage increase in share price relative to the security's industry over a given period.|
That's it for this brief update - let us know on the forum or by email what your wish list is and we'll make sure it get's added to the development schedule.
The InvestorsEdge Team