Felixmn

Fundamental Metric to Market

จำนวนเข้าชม 1264
75
This script is supposed to be a quite basic way to find, from a fundamental standpoint, overvalue or undervalued stocks.

The script shows either Book to Market (inverse of P/B), EV /EBITDA, Earnings Yield (inverse of P/E) or Sales to Market (inverse of P/S).

For example, P/B is calculated as Close price / Book Value per share. As a contrarian investor you generally want to buy low P/B stocks and sell high P/B stocks. The problem is when a company has a negative Book Value. This might be the case when a company has written of a large amount of goodwill, which in turn wiped out their Book Value.

Instead you can use Book to Market, which is simply the inverse of P/B. It is calculated as Book Value per share / Close price. When using Book to Market you, generally, want to buy shares with high Book to Market values and sell those with low values. Because of the calculation, companies with negative Book Value will have negative Book to Market values and is therefore easy to identify.


The Fundamental Metric to Market indicator shows a colored background between the highest / lowest point of earlier values and the current value. When the background is mainly green the stock is probably undervalued, and the opposite is true when the background is red.



THIS IS NOT TRADING ADVICE, AND YOU SHOULD ALWAYS DO YOUR OWN RESEARCH

GOOD LUCK AND HAPPY TRADING
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ความคิดเห็น

Simply great! I am using both of your scripts and they are very useful for me! Thanks.
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This is awesome!! I never thought about it, genius!
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Felixmn arthaarkana
@arthaarkana, Good to hear that you like it!
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Any adaptation to gold?
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Felixmn Jittra
@Jittra, I'm not sure in what way this could be applied to gold. Does gold have any Book Value?
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Jittra Felixmn
@Felixmn, lol no. I dunno too maybe futures has something that might benefit?
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Felixmn Jittra
@Jittra, haha. Perhaps, but I don't know enough about futures to have anything valuable to say.

I'm working on a Long RSI script that should be applicable to Gold too.

Do you want me to notify you when it is done?
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Felixmn Felixmn
For those interested, my Long RSI script can be found here:

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