One of the biggest challenges that individual investors face is performing reliable research. Investors can mistakenly believe that one positive article on a finance website is enough to determine whether to make an investment.
It can also be difficult to know what to do when faced with contradictory signals. For example, what do you do if a stock’s technical indicators look good, yet hedge funds are dumping it? Or if a CEO is buying a lot of stock in their own company, but analysts with a strong track record are bearish?
The TipRanks Smart Score provides a data-driven stock score that is easy to understand. The Top Smart Score Stocks tool enables investors to find stocks with the highest Smart Score. Here’s how it works (scroll down to read more).
What is TipRanks Smart Score?
The TipRanks Smart Score is a proprietary rating system that scores stocks on a scale of 1-10. It gives a data-driven stock assessment based on 8 unique market factors. More on these below.
On a Scale of 1-10 – What Does This Mean?
10 is the highest score, and 1 is the lowest. Scores can be categorized into 3 main groups:
TipRanks Top Score Stocks vs. S&P 500
We have tracked how Top Smart Score Stocks, those with a score of 10, have performed compared to the S&P 500, going back to 2011. Top Smart Score Stocks are currently beating the S&P 500 by over 90%. You can also search for Canadian and UK stocks with a top Smart Score.
When you go to the Top Smart Score Stocks tool, this is the first thing you see.
The chart is interactive and updated daily. Scroll along the graph lines to see performance on any day.
Stocks with the Highest Smart Score
The next thing you see is a dynamic table that displays stocks with a top Smart Score of ten out of ten.
You can adjust market cap, sector, and length of time that the stock has been rated with a top score. Additionally, you can also add or remove columns from the table – with a total of 20 to choose from. These include dividend yield, analyst consensus, and price target upside. Just use the ‘Select columns’ tab to filter.
If you want to adjust the order that the stocks appear in, simply press on the column title you want to sort by e.g price or sector.
If you want to dig deeper into a stock, click on its name for a full stock analysis including an overview of the 8 unique data sets, stats, and a chart. As with all our tools, you can download the data to Excel.
How We Calculate Smart Score
The TipRanks Smart Score System is a proprietary quantitative system that incorporates data sets from 8 unique market factors, most of which are unique to TipRanks. The contributing market factors are:
• Wall Street Analysts
• Corporate Insiders
• Financial Bloggers
• Individual Investor Sentiment
• Hedge Fund Managers
• News Sentiment
• Technical factors
The score is data-driven and does not involve any human intervention.
Now, Give it a Try
Top Smart Score Stocks is designed for all levels of investor. It is easy to use and combines TipRanks’ most trusted data points into a single rating. We invite you to try it out, and of course, share your feedback with us.