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So, are you trying to find out if Stock Rover is a good stock research platform?
Also, how can you actually use Stock Rover to help you invest better?
Most importantly, is Stock Rover the right stock research and analysis software for you?
In this Stock Rover review, I am going to share with you everything you need to know to help you make an informed decision.
What Is Stock Rover?
Stock Rover was founded in 2008 by long time individual investors and software engineers Howard Reisman and Andrew Martin.
Tired of going through multiple websites for financial data and creating many separate spreadsheets to do stock analysis, they decided to design and build their own stock research platform – Stock Rover.
Personally, I can totally understand their frustration.
In the past, if you wanted to find out if a listed company is fundamentally and financially strong, you have to go through many different financial websites (e.g. Yahoo Finance, Bloomberg, etc) and also ALL the company’s past annual reports to search for its financial data.
After that, you had to put all the financial numbers into an excel sheet to do your analysis.
It might be okay to do it for just one or two stocks.
But, what if you have to do that for every single stock that you are interested in investing in? (By the way, there are about 4,000 stocks listed on the US stock exchange alone)
That’s just too time-consuming and tedious!
So, when I found out about Stock Rover, it was a life-saver for value investors like me.
Apparently, I am not the only one that feels this way.
Below are just a few of the many reviews about Stock Rover by the most trusted names in the financial industry:
“No other website packs as much useful, context-appropriate information onto a page” – Barrons
“Stock Rover is the AAII – CI Editor’s Choice. The wide range of information available makes it hard to compete with, along with the extensive customization opportunities the site provides for its users.” – American Association of Individual Investors
Now, how can you actually use Stock Rover to help you with your stock investment research?
How To Use Stock Rover
Here’s exactly how you can use Stock Rover to help you with your investment research and analysis and find good investment opportunities.
(1) You have ALL the financial and fundamental data on any US & Canada Stocks in one place
Stock Rover provides over 650 metrics.
To put it in perspective for you, the FREE stock screeners you can easily find online provides you with much much fewer metrics (i.e. less than 100).
Stock Rover’s metrics cover a wide range of areas such as earnings, growth, profitability, financial strength, capital efficiency, price performance, momentum, dividends, analyst ratings, and stock ratings.
If you are an experienced value investor, you will be thrilled to know that Stock Rover also provides advanced metrics such as the Fair Value, Margin of Safety and Piotroski F-Score.
What’s more, most metrics come with a detailed 10-year history for you to get a complete picture of how the company has been doing.
With Stock Rover, you no longer have to cobble together multiple sources and tools to do your stock research and analysis.
(2) You can use Stock Rover Stock Screener to identify good investment opportunities
With thousands of stocks listed on the stock exchange, it’s always a good idea to use a stock screener to help you find stocks that meet your investment criteria.
Stock Rover stock screener is probably one of the most powerful fundamental stock screeners because of the sheer number of fundamental filters they have.
There are over 550 filters for you to choose from, and you can mix and match any number of filters you like.
Below is a screenshot of all the filters as well as its different categories.
For example, if you are looking for stocks that must fulfill certain growth criteria, you can click on the “Growth” category and you will see all the 29 different filters under “Growth”.
Let’s say you want all the stocks with a 5-year Average Sales growth rate of at least 10%, you can do that easily with Stock Rover.
Now, here’s the best part.
You can create your own customized screener, and even back-test it using 10 years of historical data that Stock Rover provides.
For example, I have been using my Stock Rover Premium Plus account to test different stock screener ideas.
Here’s one of my screeners based on analysts’ target price and Piotroski F-Score:
- Analysts’ stock price target percentage change of at least 30% (i.e. upside potential)
- Piotroski F-Score of at least 5 (i.e. good financial health)
- Stock price of at least $10 and above (i.e. no penny stocks)
“Piotroski F-score is a number between 0 and 9 which is used to assess strength of company’s financial position. The score is used by financial investors in order to find the best value stocks (nine being the best). “
When you create your own stock screener, you don’t want to set your criteria too narrow or too broad.
This is because if it’s too narrow, you would get too few stocks and potentially miss out on some good investment opportunities.
On the other hand, if it’s too broad, you would get overwhelmed with too many stocks.
So, after applying my customized screener, I got about 60 stocks that match my criteria.
Then, I will sort them by Stock Rover’s Value Score and analyze these stocks one by one using Stock Rover’s charting tools, tables, and research reports.
What if you don’t have any idea about how to create your own screener?
Here’s the good news.
Stock Rover has quite a large number of built-in stock screeners based on popular investment strategies.
Below is just a few examples of its built-in stock screeners:
- Buffetology Inspired
- Dividend Growth
- Large Cap Value
- Fair Value
- Long Term Growth
- Strong Buys
- Safe Performers
- Small Cap Growth
(3) You have instant access to Stock Rover stock research reports
Stock Rover stock research report is a newly added feature.
Personally, I love Stock Rover’s stock research reports.
Generally, you could get free stock research reports from your broker, but their research reports are only released from time to time.
For Stock Rover, the stock research reports are updated daily and all the data are in real-time.
As an investor, you know how important it is to get up-to-date information to help you make informed decisions.
Now, let’s take a look at what you get from the stock research report.
Manulife Financial is one of the stocks from my customized screener, and I decided to take a deeper look at this company.
So, I clicked on the “Research Report” of Manulife Financial in Stock Rover.
Inside this comprehensive 8-page Research Report, I get everything that I need to know about Manulife Financial.
By the way, this research report is NOT the boring long-winded report that you normally get from your broker.
What you will get is ALL the important financial and valuation information in easy-to-understand tables and charts.
For example, you will see analysts’ consensus (i.e. how many of them recommend “strong buy” or “buy” or “sell”).
Also, you will see its quantitative score which consists of four types of scores:
- Value score
- Growth score
- Quality score
- Sentiment score
The higher the score (with 100 being the highest and 1 being the lowest), the better it is.
Under this section, you will also see what is the estimated fair value of the stock as well as the margin of safety.
“Margin of safety is the difference between the intrinsic value of a stock and its market price. The higher the margin of safety, the better it is.”
If all the four scores look good, you should read on to get more details on the company’s financials.
Next in the research report, you will find all the valuation summary, growth summary, peer analysis summary (i.e. how it compares to its competitors in the industry), profitability summary, financial statement summary, valuation and profitability history, and dividend details and history.
Personally, I love this part of the research report because I don’t have to dig through all the company’s past annual reports for all the financial information I need to determine if the stock is worth investing in.
Stock Rover does not just provide the raw financial data, but it actually helps me organize and make sense of these data.
This is very useful for investors who don’t have any accounting background and also don’t like to crunch numbers.
(4) You can use Stock Rover to manage and re-balance your investment portfolio
As an investor, you probably know that it’s important to diversify and manage your investment portfolio.
An investment portfolio is a set of financial assets owned by an investor that may include stocks, bonds, real estate, or alternative investments. Diversification means that you spread your money across different types of investments with little or no relations to each other.
Because you don’t want to put all your eggs in one basket, and diversification can help you reduce your investment risk.
With Stock Rover, you can keep tabs on your portfolio with detailed performance information as well as portfolio analysis and re-balancing tools.
Also, you can set up instant alerts, so you can find out as soon as possible when something happens.
Now, how do you actually use Stock Rover to manage your portfolio?
It’s very fast, easy, and secure to import your portfolio into Stock Rover.
Currently, Stock Rover supports more than 1000+ brokerages.
As of my writing today, Stock Rover has more than $4,000,000,000 (4 Billion) of funds in customer linked brokerage portfolio accounts.
That speaks a lot about how much investors love Stock Rover‘s investment research tools.
Below is a list of things you can do with Stock Rover:
- Get detailed portfolio analytics for any time period you choose (e.g. risk-adjusted return, volatility, beta, Sharpe Ratio, component performance, etc)
- Get detailed analysis of how the individual positions in your portfolio are contributing to overall portfolio return
- Receive daily, weekly and or monthly reports on your portfolio and/or your watch-lists via email
- Re-balance portfolio at the sector and individual position level
Try Out Stock Rover Risk-Free For 14 Days Now (No Credit Card Required)
How Much Does Stock Rover Cost?
So, how much does Stock Rover cost?
Stock Rover offers both free and paid plans.
For its free plan, you get free access to all the basic tools:
- Comprehensive information on over 8,500 North American stocks
- Coverage of 4000 ETFs and 40,000 mutual funds
- Portfolio management
- Portfolio Brokerage integration for automated syncing of portfolios
- Charting capabilities
- Daily analyst ratings with analyst rankings
- In-depth market news and news for individual stocks
- Informative market dashboard with detailed display of markets and key stocks
- Earnings calendar
- Ideas panel with screeners of the week and additional investment ideas and articles
Stock Rover’s Free membership is good for you to stay up to date with the markets and research individual stocks.
For its paid plans, there are three tiers:
- Essentials at $7.99/month (or $6.67/month if billed annually)
- Premium at $17.99/month (or $15.00/month if billed annually)
- Premium Plus at $27.99/month (or $23.33/month if billed annually)
So, what is the difference between these three plans?
And which plan is the right plan for you?
Basically, here’s the main difference between Premium Plus and the other two plans “Essential” & ” Premium”.
With Premium Plus, you can take full advantage of its powerful stock screener.
What that means is that you not only get ALL the 650 metrics to help you screen stocks, but you can also screen on historical data and create more complex screeners using its “custom equation” function.
Also, in terms of investment data, you will also get unlimited data on everything.
For example, you will get fair value and margin of safety for all stocks, unlimited Stock Rover scores (i.e. value score, growth score, quality score, and sentiment score), unlimited stock ratings, and unlimited investor warnings.
The price difference between Stock Rover Premium and Premium Plus is just a few dollars, so you will get much more value for your money choosing Premium Plus because you get unlimited investment data as well as its full suite of screening tools.
Stock Rover Premium Plus is also the plan that I am using right now for investment research.
If you are serious about growing your wealth through investing, I highly recommend that you give its Stock Rover Premium Plus Plan a try at absolutely zero risks.
Try Out Stock Rover Risk-Free For 14 Days Now (No Credit Card Required)