Portfolio123 and StockScreen123 Switching Fundamental Data to Compustat

At the end of the day today, Portfolio123 and StockScreen123 will be switching data providers. The company is making the bold move of switch from Thomson Reuters to Compustat for its fundamental data.  This will change the underlying data used to power these stock screening and backtesting tools.

Markets closing early today for 4th of July

In observance of Independence Day here in the United States, the securities exchanges will close early today. The markets will close at 1:00pm ET on Tuesday, July 3rd, 2012. Exchanges will also be closed on Wednesday, July 4th, 2012. Enjoy your 4th of July!

What’s Hot at Value Investing News This Week

Here’s a list of the top stories this week at Value Investing News based on the number of times the story was shared on top social media sites: Buy and Hold Has Failed: So What is the Best Investment Strategy? Top Finance People to Follow on Twitter: Market Folly’s Alpha List Should the Price I Paid Affect

Most Shared Value Investing News Stories of the Week

Here’s a list of the top stories this week at Value Investing News based on the number of times the story was shared on top social media sites: Aim for the Middle Works if Small, Fails if Large What We’re Reading ~ 5/31/2012 Warren Buffett’s Stock Buying Secret Revealed What We’re Reading ~ 6/6/12 Presence

Price To Tangible Book Value Backtest

I recently reported on the results of my price-to-book ratio backtest. Shortly after running that backtest, I realized that many value investors probably actually prefer using price to tangible book value. The price to tangible book value ratio is simply the current price of the stock divided by the latest quarterly tangible book value per share. Tangible

Most Shared Value Investing News – St. Patrick’s Week 2012

Here’s a list of the most shared articles posted on Value Investing News this past week: Great Warren Buffett / Berkshire Hathaway Resources Why George Soros Owns Comverse Technology (CMVT): Stock of the Week Third Point’s 2011 Letter: Rationale for Owning UniCredit, Skyworks, Abercrombie & More Ratios for evaluating turnarounds A Value Investor’s Take on

Return on Invested Capital Variation Backtest

Last Friday I asked my Twitter followers, “Which fundamental should I backtest next?” Andrew Martin replied. Here’s a copy of our conversation: @ACJMARTIN: @FatPitch ROC @FatPitch: @ACJMARTIN What’s your definition of ROC? @ACJMARTIN: @FatPitch it’s more like ROIC. Op profit + deprec + goodwill amort – tax – capex divide by total assets – cash. I used

Most Shared Value Investing News – Week Ending March 3, 2012

Here’s a list of the most shared articles posted on Value Investing News this past week: Berkshire Hathaway Inc. 2011 Annual Report Top 10 Hedge Funds By Net Gains Since Inception Jeremy Grantham’s 10 Investment Lessons Grantham: 10 Investment Lessons Dan Loeb’s Third Point Starts Apple (AAPL) Stake: Top Positions & Latest Exposures Beta of

Price-To-Book Ratio (P/B Ratio) Backtest

The price-to-book ratio (P/B ratio) is a popular valuation ratio. It is calculated by taking the latest stock price and dividing it by book value per share.  Book value is simply the total assets found on the balance sheet minus  liabilities, which is referred to as common shareholder’s equity. To get book value per share

Returns by Market Capitalization Over the Past Decade

Market capitalization is simply the total dollar value of all of a company’s outstanding shares of stock. It is often referred to as market cap for short. You can calculate market cap for a company by taking the current market price for a share of stock and multiplying it by the number of shares outstanding