How to Use TipRanks’ Smart Portfolio

1. How to Create a New Portfolio on TipRanks 

TipRanks has a host of beneficial investment research tools that can aid you in creating a robust portfolio. You can create your own Smart Portfolio on TipRanks and keep track of your holdings with the myriad tools at your discretion. Some of the benefits of the TipRanks Smart Portfolio include trading in fractional shares, viewing the TipRanks Smart Score for stocks, access to both the pre-market and after-hour prices for stocks and so on. To create a New Portfolio on TipRanks, follow the below-mentioned easy steps: 

• Go to the My Portfolio tab from the Main Menu 

• Click on Add Portfolio on the top right corner of the page 
• Start adding stocks (ticker symbol or company name), cryptocurrencies, mutual funds, or exchange-traded funds to your new portfolio as per your choice  
• You can also directly add a list of sector-specific stocks from our curated lists of Popular Stocks 
• After adding the required stocks and funds, click on Create 
• Voila, your new Smart Portfolio is ready 

• Once created, add the number of shares per holding to see your reported performance in the Number of Shares tab on the holdings list 
• When you add the number of shares, automatically, the Holding Value will be populated for each holding based on the most recent closing price 
• You will also see the % of Portfolio contribution of each holding in the list  
• Once all shares are inputted, you will see the Total Holdings (actual dollar amount) on the top left corner of the page 

Once created, the TipRanks Smart Portfolio can be accessed on both desktop and mobile devices. The Smart Portfolio offers a variety of tools to stay updated and track the daily changes in the performance of your chosen stocks or funds. You can even set up alerts to receive regular news related to your portfolio holdings. Moreover, you can compare the performance of your holdings alongside the performance of average portfolios created by users on TipRanks. A balanced portfolio, featuring timely marginal corrections, will provide you with steady results. Combine this with a strategic market outlook, investment education, and timely Buy/Sell signals and you have a complete service that helps you reach your investment goals. To understand these tools in greater detail, read on. 

2. How to Set Up and Manage the Smart Portfolio Manually (views and columns)  

Once you have created the TipRanks Smart Portfolio, you can adjust the information (views and columns) you wish to see on your portfolio holdings page. There are two options to view your portfolio’s holdings information. One is the pre-set view called the Basic View, and the other is the Custom View. Within both views, you can click on any field to sort the list according to the declining or inclining trend of the field. Read on to learn about both views in detail.  

Basic View – Under the Basic View, you will find all the relevant information about your holdings that we believe is essential and primary to track your portfolio performance. In the table, you will see the Name of the security/asset, the latest Price, Price Change (in % terms) from the previous day, Analyst Consensus on the stock (or ETF), Analyst Price Target on the stock (or ETF) with the related upside/downside potential, Top Analyst’s Price Target along with upside/downside potential, TipRanks’ Smart Score for the stock (or ETF), Number of Shares held, current Holding Value of the security, Holding Gain/Loss (in % terms) from the day of addition, Top Analyst Consensus on the stock (or ETF), Insider Strategy Signal, Hedge Fund Signal, and Alerts (latest happenings on the security.)  

Custom View – Under the Custom View, you can select the information you wish to see for your portfolio holdings from a variety of options. These options are populated on a pop-up window under two sections: Basic Selection and Premium Selection (available only to Premium Subscribers). Moreover, you can even Reorder Columns in the order you wish to see them. This can be done by a simple Drag & Drop Field move. 

Besides the options available under the Basic View, several fields are available to customize your holdings data. These include Yearly Gain, Blogger Consensus, Media Buzz, Investor Sentiment, P/E Ratio, Beta, and News Sentiment, to name a few.  

Once you have selected all the fields that you wish to see, click on Apply Columns to view the customized details. At any time, to return to the original list, click on the Reset to Default option and the saved changes will be erased. Now, go ahead and manage your portfolio in the way that best suits your analytical skills.   

3. How to Sync Your Smart Portfolio with External Brokerages 

Do you already have a portfolio that you want to replicate on TipRanks Smart Portfolio to track it effectively? Don’t worry, we have a solution for you! You can import and sync your existing portfolio from all top external brokerages. Importing and syncing your existing portfolio from brokerages also helps you to save time and update your portfolio in real-time. TipRanks partners with several large brokerages, including Ally Financial, Fidelity, Robinhood, Vanguard, E*TRADE, Ameritrade, and more.  

To begin importing your portfolio, first, select the brokerage firm. Start typing in your brokerage’s name in the pop-up window to find it. Once you select the brokerage, you will have to input the relevant Username and Password credentials and press the Submit button.  

After your credentials are verified and authenticated by the brokerage, the page will link to your brokerage account. From there, you can select the portfolio that you wish to sync on TipRanks Smart Portfolio and hit Sync. In a couple of minutes, your portfolio will have synced, and you can start enjoying the benefits of TipRanks tools for your portfolio decisions. Yes, it’s that easy! And that’s not all! The trades that you make in your broker account are also reflected on the TipRanks Smart Portfolio within a day. 

4. How to Delete a Portfolio   

To delete a portfolio from the TipRanks Smart Portfolio page, follow the below-mentioned simple steps: 

• Click on Manage Portfolios on the top left corner of the My Portfolio page 

• From the dropdown, select the portfolio that you wish to delete 
• Besides the portfolio, click on the Delete icon  
• A pop-up window will ask “Are you sure you want to Delete (portfolio name) from your portfolios?” 
• Select Delete, and your portfolio is deleted! 

You will no longer see the deleted portfolio on the TipRanks database. 

5. How to Delete a Stock  

If you want to delete a particular stock (asset/holding) from the TipRanks portfolio, go to the holdings list on your portfolio.  

At the end of the listing information, you will see the Delete icon. Once you click on the icon, a pop-up window will ask for your confirmation (cannot be done for portfolios synced with brokerage accounts.) 

Deleting a stock from the portfolio is assumed as the sale of the entire position in the stock. Once you confirm and hit the Delete button, the stock will be deleted from your portfolio.    

6. How to Use the Portfolio “Analysis” tab to Improve Your Portfolio’s Performance  

TipRanks enables you to conduct in-depth portfolio analysis through a variety of unique tools. Go to the Analysis tab on the left navigation panel on the Smart Portfolio tool. Under this tab, you can see your portfolio’s Asset Allocation, which is the contribution of each type of asset class to the total portfolio holdings. This information is displayed in the form of a pie chart for easy understanding. The information is available under three heads: My Assets (asset class), My Top Stocks (highest to lowest securities), and My Geo Allocation (as per geographical location).   

Next, you can see the Stock Distribution for your portfolio. This information is also available on the basis of different criteria, including By Sector, By Market Cap, By Dividend, By Beta, and BY P/E Ratio (price/earnings per share). Here, you can carefully study whether your portfolio is diversified well enough to align with your current investment objectives. For instance, a portfolio with zero exposure to cash and high exposure to cryptocurrencies could be highly risky. You may want to reconsider this allocation and allot higher proportions to safer, liquid assets. 

Through the TipRanks Smart Portfolio tool, you can also study the Portfolio Volatility (beta) vis-à-vis the average volatility of portfolios created on the TipRanks platform. The table will display the My Highest Risk Stocks list, showing stocks in your portfolio that carry a high beta. 

Moreover, you can analyze your Portfolio’s P/E compared to the average P/E of portfolios created on the TipRanks platform. You will also see a list of My Highest P/E Ratio Stocks to enable you to carefully study whether including these stocks in your portfolio is worthwhile or not.  

At the bottom of the page, you can see your Portfolio Dividends and Stock Warnings (if any). The dividend information will tell you the Estimated Annual Dividend Yield of your portfolio along with a list of My Top Dividend Stocks and related Yields. Similarly, you can see the Estimated Annual Dividend Payment (dollar terms) along with a list of Upcoming Dividends and Ex-Dividend Dates for your stocks. Meanwhile, stock warnings will tell you if any of your stocks have received a negative signal from any of the experts. These could include Sell ratings by Wall Street analysts or Sell transactions by corporate insiders or hedge fund managers. By studying these warnings, you can dive deeper into the reason for the sell views and reconsider your stock-holding decision.  

7. How Individual Investors are Ranked in Smart Portfolio  

If you have been using the TipRanks’ Smart Portfolio tool regularly, you will be aware that just as we rank the Experts, we also rank your individual portfolios. An investor’s portfolio ranking is available on the My Performance page under Portfolio. Isn’t it exciting to see how your portfolio is ranking in comparison to the portfolios of other TipRanks investors? Well, let’s just learn how we do it. 

There are two ways that TipRanks measures the performance of your Smart Portfolio. 

Validated Performance (Recorded by TipRanks) 

Validated performance is an objective measure of your portfolio activity. It is also the system we use to rank individual investors. 

Validated performance is based on the objective performance of the stocks you add to, or remove from, your portfolio. We measure performance using the end-of-day price (EOD) for the stocks you have traded on the day your transaction was recorded. If a transaction is entered after the stock market has closed, Smart Portfolio will measure the EOD price of the stock on the following day. 

Validated performance does not incorporate the number of shares you add, rather it measures all transactions on an equal weight basis. This means that you can see your validated performance even if you haven’t specified the number of shares. As validated performance is based on EOD prices, it can take time to update. 

Reported Performance (Reported by User) 

Reported performance is a subjective measure of your portfolio activity and is based on values you edit in your portfolio, specifically purchase price. This feature enables you to see how your portfolio performs according to how you manage it day-to-day, which is why you have the flexibility to edit the transaction date & execution price. As the reported performance cannot be validated by TipRanks, it is not used for ranking investors. To see your reported performance, you must enter the number of shares of your holdings. 

How Your Performance is Ranked 

When you look at your validated performance on Smart Portfolio, you will see your star ranking and how you place compared to approximately half a million investors with a Smart Portfolio. We employ a 3-step rating system as follows to rank the investors, just as we do in the TipRanks Star Ranking System. 

• Average return – the average return of each of your recorded transactions 

• Success rate – the percentage of your transactions that have yielded a positive return 
• Statistical Significance – the higher the number of transactions, the more statistically significant your performance. Therefore, an investor with many transactions is more likely to have a high star ranking if they have a good average return and success rate. On the other hand, an investor with many transactions and a poor average return and success rate is likely to have a low star ranking. 

8. How to Use the “Performance” Tab  for Your TipRanks Portfolio 

So far, you have learned about the nitty-gritty of creating a TipRanks Smart Portfolio and also understood how we rank your Portfolio. Now, it is time to see how your portfolio performance stands as compared to a few benchmarks and other investor portfolios on TipRanks. To navigate to this page, go to Portfolio (main menu) – My performance.  

The Performance page displays your own Success Rate of profitable transactions, and the Average Return earned per transaction. Plus, you can see the Portfolio Gain/Loss (%) in terms of the past 1 Month Return, 6 Month Returns, 12 Month Returns, YTD Returns, and Total Returns (from the day the portfolio was created). Also, you can see all the basic information related to your Portfolio Details such as Active Since, Risk Profile, No. of Trades undertaken, and Est. Dividend Yield. Finally, you can see your Most Profitable Trade to date, including the asset name, the date when the trade was Opened and Closed, as well as the Gain on trade.  

Furthermore, as discussed in the previous section, you can see your portfolio ranking under two options as follows: 

Activity Recorded by TipRanks – under this, performance is based on the end-of-day stock price when you add a holding to your portfolio and cannot be edited. Your portfolio performance is ranked according to this objective measurement. 

Activity Reported by Me – This section, which was requested by TipRanks users (not available for portfolios that are synced to a brokerage account) contains the data that you can edit. Having the two different performance models gives you the flexibility to edit your holdings, while we maintain an objective way to measure rankings. 

In both cases, you can see how your portfolio performance compares to the TipRanks Average portfolio, the TipRanks Best (top-performing) portfolios, and the S&P 500 (SPX) for various historical months. You can also change how the chart appears when comparing your portfolio returns to the SPX (between the bar chart and line graph). 

Measuring your portfolio performance on a stand-alone as well as comparative basis is one of the most important tasks during portfolio analysis, as it helps you understand whether your investments are generating enough returns or not. Based on the study, you can decide if you need to reshuffle your portfolio to include higher-income earning assets and discard lower-income or loss-making assets from your portfolio.  

And lastly, you can track the Recent Activity of each security in your portfolio in a tabular format. The table shows the Company Name, % of Portfolio exposure, Return earned, No. of Transactions, Last Transaction detail (open/buy/close), and Date of Transaction. This step will also help you to follow your recent transactions and understand which of your allocations are underperforming, and then make appropriate rebalancing decisions. 

9. How to Use the “Charts” Feature to Improve Your Portfolio’s Performance  

The Charts feature on the Smart Portfolio page is similar to the Chart tool on a stock’s page. On this page, you can undertake a thorough technical analysis of the stocks in your portfolio or on your watchlist. On the right-side corner of the page, you can select the stock (from a list of your portfolio of stocks or watchlist) for which you want to undertake the study. The technical analysis will help you understand the right time to enter or exit a stock. By studying the past behavior of a stock’s price and volume, you can predict the future performance of a stock’s price. What’s more, past behavior forms a pattern for the stock’s future movement that can be used to decide if the stock is moving towards the bullish trend or the bearish trend.  

On the Charts page, you can study various Moving Averages or Oscillators that will help you decide the timing of the stock trade. We can learn about using the technical indicators in our investment strategy with the help of the example of iPhone maker Apple (NASDAQ:AAPL). Below is the screenshot of Apple’s stock chart plotted along with the technical indicators, namely 50-Day EMA (exponential moving average), 20-Day EMA (exponential moving average), RSI (Relative Strength Index), and Pivot Points. 

The technical analysis study shows that AAPL stock is poised for further upward movement. Its 50-Day EMA is 170.77, while its last closing price is $188.06, implying a bullish signal. Further, its shorter-duration EMA (20 days) also signals an uptrend.  

Additionally, Apple’s RSI at 71 does not signal an overbought condition (an RSI above 80 means overbought, and below 20 means oversold). At the same time, while Apple stock is in an uptrend, it could face immediate resistance at $186 (based on Pivot Points).  

By studying these factors and several more that are available on TipRanks’ Technical Analysis page, you can make an informative and timely decision to enter or exit a stock at the given price. 

10. How to Make Your Smart Portfolio Public or Private  

Are you proud of your portfolio performance and do you want to share your success with other investors? Here’s how you can make your portfolio public or private on TipRanks Smart Portfolio.  

Go to the Public Portfolio tool on the left navigation panel on the Smart Portfolio page. Here you can see the many benefits TipRanks gives, and the discretion that TipRanks follows, while sharing your portfolio with other investors. 

For instance, your investments are shown only in percentages; the cash and dollar value of your investments remain private. Similarly, in case you change your mind, you can take down your public profile page at any time. Interested? Follow these simple steps: 

• Enter your Full Name in the space provided 
• Choose the Portfolio which you want to make Public 
• Describe your portfolio in a few simple words (not compulsory) 
• Agree to the TipRanks Terms of Use 
• And click on Go Public! Voila, your portfolio is now Public, and your success story is shared with thousands of TipRanks investors 

Once your portfolio becomes public, you can choose between Public Portfolio and Only Me options under Who can see my portfolio. When you select Only Me, your public portfolio becomes private again. It’s that easy! 

11. How to toggle between Your Performance Reported by You and Your Performance Recorded by TipRanks  

TipRanks displays your portfolio performance in two ways: Activity Recorded by TipRanks and Activity Reported by Me (investor). You can choose to see your performance either way by switching between the two options on the top left of the Performance page.  

There is a slight difference between both types of reporting, as follows: 

Activity Recorded by TipRanks – Under this, performance is based on the end-of-day stock price when you add a holding to your portfolio and cannot be edited. Your portfolio performance is ranked according to this objective measurement. 

This type of performance is also called Validated performance. This performance does not incorporate the number of shares you add, rather it measures all transactions on an equal weight basis. This means that you can see your validated performance even if you haven’t specified the number of shares. As validated performance is based on EOD prices, it can take time to update. 

Activity Reported by Me – This is the data that you can edit. This was requested by TipRanks users, and by creating two different performance models, you have the flexibility to edit your holdings, while we maintain an objective way to measure ranking. 

This type of performance is also called Reported performance, which is a subjective measure of your portfolio activity and is based on values you edit in your portfolio, specifically the purchase price. This feature enables you to see how your portfolio performs according to how you manage it day-to-day, which is why you have the flexibility to edit the transaction date & execution price. As the reported performance cannot be validated by TipRanks, it is not used for ranking investors. To see your reported performance, you must enter the number of shares of your holdings. 

In both cases, you can see how your portfolio performance compares to the TipRanks Average portfolio, the TipRanks Best (top-performing) portfolios, and the S&P 500 (SPX) for various historical months. You can also change how the chart appears when comparing your portfolio returns to the SPX (between the bar chart and line graph). 

12.  How to Use the “Crowd Insights” Tab on Smart Portfolio  

Crowd Insights is where you can see how your portfolio compares to other investors’ portfolios (Average Portfolio), and if you have a Premium account, where you can compare your portfolio to the Top-Performing Portfolios. 

On this page, you can study your overall Asset Allocation vis-à-vis that of the Average Portfolio created on TipRanks. You can toggle between the asset allocation by Sector (Consumer Goods/Financial/Technology), by Assets (stocks/ETFs/crypto/cash), or by Market Cap (Mega/Large/Medium/Small). This study will help you understand other investors’ current inclination toward sectors and might urge you to think along the same lines. 

Further below, you can view the Key Statistics such as Dividend Yield, Risk (Beta), and P/E ratio of your portfolio as compared to the Average TipRanks Portfolio. 

 You can also see your dividend yield, beta, and P/E ratio and compare them to those of average TipRanks portfolios. This comparison will help you understand if your portfolio provides reasonable dividend yields or if the beta of some of the stocks in your portfolio is too high/risky. Plus, you can compare if the P/E of your stocks is higher than the rest, implying that your stocks are too pricey at the moment.  

Lastly, you will see a list of the Major Holdings in descending order of contribution under My Portfolio as compared to the Average Portfolio. And you can also see the sector-wise breakdown of the major holdings in both portfolios.  

An additional feature, Recent Trades by TipRanks Investors, shows you the recent trades of TipRanks investors. The list will show you the stocks Recently Added and Recently Removed by TipRanks Investors. As mentioned before, this study will help you understand other investors’ current inclination toward sectors/stocks/asset classes and might urge you to think along the same lines.