Best Stock Screeners of 2024

Use the comparison tool below to compare the top Stock Screeners on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.

Stock Screeners Overview

A stock screener is an online tool that allows investors to quickly search through large amounts of stocks and narrow down their list of potential investments. It is a valuable tool used by traders and investors to identify stocks that meet certain criteria, such as price/earnings ratio, market capitalization, dividend yield and sector. With a stock screener, it's possible to quickly filter out stocks with potentially low returns while also discovering new ones with promising potential.

Stock screeners are used to analyze different financial data points such as share price, earnings per share (EPS), the number of outstanding shares, debt-to-equity ratio, return on equity (ROE) and book value. Investors can also use the screener for technical analysis such as trend lines or moving averages. The data within the screener can be customized according to the user’s preferences in order to produce more tailored results.

Using various indicators combined with financial data from public companies, stock screeners help identify companies fitting certain criteria. For example, a beginner investor may want to look for companies with high ROE values or those paying dividends regularly; an advanced investor may want to examine growth rates over time or patterns in insider trading activity.

Stock screeners are available both independently online and through brokerages’ websites where users pay either a one-time fee or purchase subscriptions for access. Most commission-free brokerages offer free screening tools linked directly into their sites but these are often limited compared to independent sites which have much larger databases covering greater numbers of stocks from around the world – including global exchanges – and can provide more detailed information about each company listed in their database. In some cases, these independent services come with additional features such as alerts so users can receive notifications when specific conditions attached to an investment portfolio have been met; news feeds related to specific stocks; charts for visualizing performance over time; and analyst ratings on select companies.

Reasons To Use Stock Screeners

1. Identify undervalued stocks: Stock screeners can help you quickly identify potential investments that might be undervalued or offer better than average dividend yields compared to other similar stocks.
2. Find stocks with specific characteristics: By filtering down your search through criteria like price, market cap, sector, earnings per share (EPS), and other fundamentals related to a company's financial health, you can narrow your list of potential investments to fit exactly what you're looking for.
3. Research stocks within industries: With stock screeners, you can easily locate companies within an industry that match your desired criteria from a large array of possible choices. This is perfect for doing industry-wide research which would otherwise take significantly more time by researching each company individually.
4. Save time: Stock screening saves an immense amount of time when it comes to searching through hundreds or thousands of possible candidates in order to find viable investment opportunities among them – something that would otherwise be impossible without the use of these powerful tools at our disposal.
5. Stay organized: Finally, stock screening software helps investors stay organized as they evaluate different investments. The ability to save lists or portfolio organizations makes it easier even months or years later when one wants to go back and review past decisions.

The Importance of Stock Screeners

Stock screeners are extremely important tools for investors and traders alike. They allow users to quickly scan through thousands of stocks in order to find those that meet their specific criteria, such as particular financial metrics or desired performance trends. By utilizing these powerful tools, investors can rapidly identify potential stocks that may provide exceptional returns on their investments.

Screeners are especially useful for long-term investors who may be looking for stocks that fit certain parameters over a lengthy period of time. For example, a stock screener can be used to filter out all stocks that have achieved double-digit growth over the last five years or any combination of data points relating to sustainability, liquidity, revenue growth and more. This makes it easy to quickly evaluate companies and narrow down the selection when attempting to build a diversified portfolio with an appropriate balance between risk and reward.

Moreover, stock screeners can also facilitate day trading by helping locate quick profits from intraday price movements in volatile securities or momentum plays where a rapid jump in share value has been identified. In this case, the screener would assist by filtering out only those stocks with certain characteristics such as high volume tendencies and/or common technical indicators like moving averages or MACD crossovers signaling a possible break-out opportunity. Such flexibility allows traders and individual investors alike the ability to customize according to their own goals and approach allowing for greater precision and increased odds of success in selecting potential trades.

Overall, stock screening is an invaluable tool available today that allows users great flexibility when making investment decisions regardless if they’re intending on taking short-term gains or stabilizing long-term portfolios. From analyzing complex financials at scale to pinpointing explosive market opportunities, screeners will undoubtedly continue being an essential part of modern investing strategies well into the future.

Features of Stock Screeners

1. Company Information: Stock screeners provide basic information on companies, including the company’s name, symbol, market capitalization, sector and industry classification.
2. Financial Ratios: Users can view various ratios that compare a company’s performance to its peers or to the overall market. These include price-to-earnings ratio, return on equity and debt-to-equity ratio among others.
3. Price Movement: Stock screeners display historical share prices as well as real-time data for individual stocks and if available, intraday charts.
4. Analyst Ratings: Most stock screener programs include analyst ratings such as “strong buy” or “sell” which signify how likely it is that analysts believe a given stock will increase (or decrease) in value in the future.
5. Technical Analysis Tools: Some of these tools allow investors to analyze chart patterns using indicators like MACD or simple moving averages (SMAs). This often helps investors determine when they should buy/sell a particular stock based on trends in the past performance of its price movements over time frames ranging from minutes to years.
6. Fundamental Analysis Tools: These allow users to conduct fundamental analysis by taking into consideration factors like balance sheet items, income statements and cash flow statements when making investment decisions about a certain company or sector/industry groupings of stocks within certain markets like finance or energy sector, etc.

Who Can Benefit From Stock Screeners?

• Active-Investors: Individuals with a comprehensive understanding of the stock market and its many intricacies, who use stock screeners to identify profitable opportunities in real-time.
• Swing Traders: People who are open to longer-term investments but prefer more short-term trading, who can use stock screeners to find trends that could be worth investing in.
• Day Traders: Those who actively trade stocks on a daily basis, often taking advantage of small fluctuations in the market, who can leverage stock screeners to quickly analyze different stocks and make better buy/sell decisions.
• Value Investors: Investors looking for undervalued stocks that have great long-term potential, who can utilize screeners to quickly filter out companies based on criteria like revenue growth and profitability.
• Technical Analysts: Often using complex analysis techniques such as price history or charting patterns, these investors mainly look at past performance data when picking stocks. Stock screeners can help them filter down and choose from a large list of potential trades.
• Fundamental Investors: These investors focus solely on the financials of a company when investing, such as cash flows and debt levels etc., so they require accurate information on these topics. Stock screeners offer fundamental metrics that provide up-to-date data which helps an investor decide whether or not they should invest in a particular firm.

How Much Do Stock Screeners Cost?

The cost of stock screeners can vary widely depending on the features you're looking for and the level of service you require. Basic stock screeners are often offered as part of a broker's research suite, while more advanced offerings usually carry a fee ranging from $9.99 per month to upwards of $100 per month. Other factors, such as the reputation and experience of the provider, may also contribute to the cost of a stock screener subscription.

For those with little or no trading experience, services like Finviz offer free access to their basic tools via browser-based platforms equipped with upto-date metrics and data driven analytics which can help narrow down potential stock investments. For more seasoned traders, premium offerings from providers like Trade Ideas have specialized algorithms that focus on real time market trends at a higher resolution in order to uncover hidden opportunities that would normally be missed by conventional analysis methods.

Ultimately, there is no single answer when it comes to selecting an appropriate stock screener that meets your financial goals and objectives. However, whatever service you choose should provide comprehensive data insights into individual stocks as well as broader economic movements so that informed decisions can be made with confidence along every step of your investment journey.

Risks To Be Aware of Regarding Stock Screeners

• Over-reliance on stock screeners: Stock screeners, like any other tool for investing, are not perfect and do not take into account all factors that may influence an investment’s performance. Investors should not rely too heavily on these tools and instead should conduct their own research and analysis when assessing investments.
• Data lags: Stock screening services often use delayed data or outdated information which can lead to inaccurate or incomplete results. This can lead to faulty decisions based on incorrect information which could result in investor losses if they act on the wrong advice.
• Unrealistic expectations: Some investors may come to believe that stock screeners are all-knowing, infallible sources of information about stocks and other securities. This unrealistic expectation can result in disappointment and financial loss if the advice does not turn out as expected.
• Lack of human judgment: Stock screening technology lacks human intuition, meaning it cannot accurately interpret complex data points or make subjective evaluations about a security’s potential value. As a result, investors must still bring experience and judgement to the decision making process even though a screener has been used as part of their evaluation process.
• Cost: Most good quality stock screeners require payment for access and updates resulting in additional costs for investors who want up-to-date information about stocks they are considering investing in.

Stock Screeners Integrations

Software developers have created a variety of software types that integrate with stock screeners. These include desktop applications, web-based applications, and mobile applications. Desktop applications are programs that can be installed on computers and typically provide additional features such as trading capabilities or charting features. Web-based applications, also known as cloud-based software, run in web browsers and are accessible from any device with an internet connection. Mobile applications are designed to work on smartphones and tablets and offer similar features to desktop and web versions. All forms of software offer the ability to integrate with stock screeners by interfacing with brokerages or data providers, allowing users to automate their screening criteria for stocks in order to identify potential investments.

Questions To Ask When Considering Stock Screeners

1. What type of criteria can be used to screen stocks (e.g. price/earnings, dividends paid, sector)?
2. Does the screener have enough data points for meaningful conclusions?
3. How up-to-date is the underlying data? How often is it updated?
4. Is the stock screener easy to use and does it offer customizable filters?
5. Does the screener include any additional helpful resources such as news or analyst ratings?
6. Are there any fees associated with using the stock screener? If so, how much are they and what do they cover?
7. Is customer support available if there are any issues with using the screener?