Tips and Tricks: Calculating fundamental ratios

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Calculating fundamental ratios

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: Tips and Tricks
Forum Discription: Tips on how to use BullCharts more effectively.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=127
Printed Date: 19 May 2024 at 3:57am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: Calculating fundamental ratios

Posted By: Peter
Subject: Calculating fundamental ratios
Date Posted: 11 Feb 2005 at 2:52pm

BullScan allows you to scan on a numer of fundamentals including market cap, NTA, etc.

Analysts use a variety of ratios in evaluating securities. It is possible to use BullScript to construct approximations to these ratios in BullScan.

For example, some customers have been wanting to calculate Return On Equity, which can be approximated as Earnings per Shared divided by Net Tangible Assets.

To do this:

Create a new scan criteria
Select "Uses BullScript"
Enter "Security.EPS / Security.NTA" (without quotes) into the BullScript text box.
Set up the rest of the criteria as desired.

To get a complete list of how to use the various fundamental values in BullScript, take a look at the "Security variables" page in the Getting Started with BullScript help notes.