Whether you’re new to trading or have years of experience under your belt, the Simply Wall St application is essential to improving your trading and investment decisions.
Simply Wall St is a Sydney based startup that helps people become better investors by turning complicated financial data into easy to understand infographics. The application empowers investors to make profitable, non-emotional long term investment decisions that aren’t based on news hype or random hunches. The app helps investors make informed decisions by giving access to institutional quality data and analysis presented visually, making investing simpler and more enjoyable!
To assess stocks, the application performs a number of quantitative ‘checks’ across a range of assessment criteria and provides the results in a visual ‘Snowflake’ that allows investors to identify and compare potential stock investments. These quantitative ‘checks’ evaluate a company’s health, future and past performance, income and value (using financial modelling), and which ensures that investors have all the necessary pieces to make informed investment decisions.
As such, Simply Wall St has partnered with UWA SMIF and the application is already in use in the SMIF Investment Team, proving to be a valuable tool.
More specifically, the SMIF Investment Team has used the app in the initial stages of their investment screenings, such as to undergo stock screeners to identify potential stocks and using the app to quickly scan and evaluate a stock’s finances and valuation. Not only this, but the Investment Team has even been able to recreate the Viburnum High Conviction Fund on Simply Wall St’s portfolio feature, allowing the team to access valuable information and analysis regarding their investment portfolio as a whole, such as diversification data, returns breakdown and future performance predictions.
As you can see, the Simply Wall St app is a huge benefit to any investor! For further details, we encourage you to check out their website at https://simplywall.st/.