Professionals, Cons, and Analysis Insights

Researching shares is an important a part of the funding course of. A inventory screener like Inventory Rover can present extra instruments than your on-line dealer. 

A number of the greatest options embody in-depth evaluation, portfolio monitoring and analyst reviews. I make the most of inventory screeners regularly and like the basic and technical analysis instruments this platform affords.

This Inventory Rover overview might help you resolve whether it is price the associated fee.

What’s Inventory Rover?

Inventory Rover is a premium analysis device providing these options:

• Inventory screener
• ETF and inventory
• Charting instruments
• Professional-themed mannequin portfolios
• Analysis reviews
• Portfolio tracker

The basic and technical evaluation instruments can present extra info than most free investing apps. I discover Inventory Rover to have extra basic analysis options than most inventory screeners though it’s good for technical charting for shares and funds too.

Paid subscribers also can discover funding concepts utilizing the service’s mannequin portfolios. These guru portfolios suggest shares utilizing the funding methods of profitable traders.

Who Ought to Use Inventory Rover?

Inventory Rover is an efficient possibility for traders eager to analysis particular person shares in addition to ETFs and get extra knowledge and inventory scores than their on-line brokerage supplies. Most brokers supply primary value charts and monetary knowledge however lack in-depth score instruments.

The sturdy inventory screener and comparability options supplied by Inventory Rover could make it simpler to seek out potential investments that suit your funding technique.

You’ll be able to carry out basic and technical evaluation on this platform. For essentially the most half, it’s among the finest basic evaluation instruments.

This service may also be a analysis companion when utilizing inventory newsletters so as to add new portfolio positions.

I don’t suppose that is the perfect screener for merchants who solely use technical analysis. Moreover, it doesn’t combine with on-line brokerages to submit commerce orders immediately from a inventory chart.

Inventory Rover Pricing

The platform has one free plan and three paid plans. New subscribers get a 14-day full entry free trial to the highest-tier Premium Plus plan.

Free

Value: $0

The Free tier affords primary analysis and portfolio monitoring instruments. Nevertheless, it doesn’t supply superior evaluation instruments or mannequin funding concepts portfolios. 

Core free Inventory Rover options embody:

• Inventory, ETF and mutual fund protection
• Every day analyst scores
• Market information for particular person shares
• Charting instruments
• Portfolio monitoring

This plan will be higher than what a primary micro-investing app affords. 

These free analysis instruments will be aggressive with a conventional on-line brokerage like TD Ameritrade (now Schwab) or Constancy.

Necessities

Value: $7.99/month, $79.99/yr or $139.99 for 2 years

Necessities is the most affordable of the three paid plans and is greatest for screening shares however doesn’t present in-depth ETF analysis. Selecting the perfect Inventory Rover plan depends upon what number of screening metrics and superior analysis instruments you wish to use.

There may be a restrict on what number of occasions you should utilize a sure function every month. Pricier plans could supply elevated or limitless entry to alerts, inventory scores and extra.

Key Necessities options embody:

• 260+ inventory screening filters
• As much as 5 years of historic knowledge
• 6 chartable basic metrics
• Interactive inventory comparability desk
• Brokerage integration for portfolio monitoring
• Textual content and e-mail alerts
• Guru portfolios
• Dow 30 analysis reviews

All paid plans embody analysis reviews for the businesses within the Dow 30 index. Experiences for the opposite 7,000+ shares require an add-on buy.

This plan doesn’t embody as many inventory screener customization instruments as the opposite plans. Some examples are color-coded metrics and built-in note-taking. 

Premium

Value: $17.99/month, $179.99/yr or $319.99 for 2 years

The Premium plan will be higher for lively merchants who need extra superior analysis instruments and customization choices. It additionally supplies over 90 ETF screening metrics and a whole bunch of basic inventory indicators. Contemplate this tier or Premium Plus for buying and selling shares and ETFs.

Plan advantages embody:

• Over 350 screening metrics
• 10+ years of historic knowledge
• 100+ chartable basic metrics
• Ranked inventory screens
• Future dividend revenue projections
• Correlation evaluation
• Commerce planning and rebalancing instruments
• Multi-monitor help
• Built-in analysis instruments
• Advert-free platform

Accessing over one decade of historic knowledge will be helpful in researching how a inventory carried out in a earlier market cycle. 

I additionally just like the ranked screening function that lists shares and ETFs larger based mostly on the burden you assign specific indicators.

The colour-coded tagging and built-in notes are precious customization instruments. The flexibility to simulate trades is superb as properly. Most brokers don’t supply these options, with Webull being a uncommon exception.

Premium Plus

Value: $27.99/month, $279.99/yr or $479.99 for 2 years

Information junkies and extremely lively merchants ought to contemplate Premium Plus. Becoming a member of Inventory Rover allows you to do that plan for the primary 14 days at no further value. 

A number of the greatest advantages embody:

• Over 650 metrics
• Limitless quantitative inventory scores
• Limitless investor warnings
• Can display historic knowledge and customized metrics
• Rankings for particular person shares
• Inventory honest worth and margin of security metrics
• Display screen ratio charts (i.e., easy shifting common and Bollinger bands)

This plan affords extra saved screens, portfolios and watchlists than the opposite plans. The varied reviews additionally show extra knowledge rows, amongst different advantages. 

The Premium Plus options are aggressive with different full-service inventory screeners. It arguably supplies extra basic analysis and customized indicators. Nevertheless, its potential downsides embody an in depth membership price, no choices analysis or one-click buying and selling.

What Options Does Inventory Rover Provide?

Inventory Rover affords loads of options that many traders could discover helpful. Listed below are a few of the greatest analysis instruments that Inventory Rover affords. 

Inventory Quotes

All customers can get real-time value quotes for shares, ETFs and mutual funds. Inventory Rover categorizes the information into totally different tabs which can be comparatively straightforward to navigate.

The inventory quote lists these particulars:

• Firm particulars
• Information Headlines
• Analyst scores
• Monetary metrics

Customers who go for the pricier plans will see extra particulars within the varied tabs.

I additionally respect the power so as to add quotes to inventory screens to carry out a comparative evaluation between potential investments that meet your search standards and others that land exterior the field.

As a long-term investor, I actually just like the free inventory warnings that point out potential issues for basic funding methods. In a latest quote, I had warnings for a excessive proportion of quick shares and a excessive compensation proportion to executives as a substitute of shareholders. I’ve additionally seen warnings for damaging income progress and pessimistic basic inventory scores.

Inventory Watchlists

Along with creating your personal inventory and ETF watchlists, you may comply with prebuilt lists.

A number of the watchlist examples embody:

• Prime 25 S&P 500 income growers
• Fifteen massive REITs
• Prime 25 ETFs by market cap
• Prime 25 ETFs by quantity
• Canine of the Dow

I like utilizing the curated lists to shortly discover funding concepts or monitor the heart beat of a few of the hottest shares and ETFs.

Guru Methods

All paid customers can entry the Guru Methods portfolios within the “Library” part. Guru portfolios present the biggest holdings of many well-known skilled traders.

A number of the guru portfolios embody:

• Invoice Ackman (Pershing Sq.)
• David Einhorn (Greenlight Capital)
• David Tepper (Appaloosa Administration)
• Donald Yacktman (Yacktman Asset Administration)
• Warren Buffett (Berkshire Hathaway)

These portfolios might help particular person traders see how the “good cash” is investing. You’ll be able to shortly see which shares will be the ultimate portfolio positions.

I don’t rely completely on hedge funds, nevertheless it’s useful seeing the methods of momentum and contrarian cash managers in a single place. This info helps develop a bullish or bearish funding thesis.

Inventory Screener

Inventory Rover has one of many greatest inventory screeners. You’ll be able to add conventional monetary and basic metrics like your brokerage screening device.

As there are a number of hundred screening metrics, the platform will be overwhelming at first.

New and skilled traders can probably discover virtually any filter they want. They’ll additionally save screens to shortly reference qualifying shares in future searches.

It’s attainable to search for shares and funds buying and selling on the US (Nasdaq and NYSE) and choose international inventory exchanges. 

Sadly, the free plan doesn’t embody the inventory screener, and you will have to depend on your brokerage or one other platform to weed out dangerous funding concepts. With that stated, I like that the screener can rank the search outcomes utilizing your most popular metrics to extra simply discover the perfect buying and selling choices in minimal time.

Customized Screens

This platform affords a number of customization choices different premium screeners don’t supply. 

A number of the distinctive screening filters embody:

• “Better of” lists
• Guru methods
• Inventory Rover scores

For instance, customers can display shares that match Warren Buffett’s technique by utilizing the “Buffettology” display. 

It’s additionally attainable to display shares by monetary power utilizing metrics just like the Piotroski F-Rating or CAN SLIM.

Different screeners may need comparable variations of the curated Inventory Rover filters. Zacks Premium could rival Inventory Rover with its premade screening lists.

Skilled traders also can construct their very own screening formulation by including premade standards and writing a freeform equation. 

Evaluate Shares and Funds

Along with screening shares, you may evaluate shares and ETFs in your watchlist or latest quotes lists.

A number of the comparability components are:

• Analyst estimates
• Stability sheet
• Dividends
• Profitability
• Returns vs. S&P 500
• Inventory Rover scores
• Valuation

The comparability desk is much like studying a Microsoft Excel or Google Sheets spreadsheet. You’ll be able to add columns to analysis extra metrics. I discover the customization options precious and straightforward to make use of.

It’s additionally attainable so as to add a number of inventory, fund and index symbols to an interactive chart. Then, chances are you’ll add technical and basic indicators to the comparability.

The customizable comparisons are one among my favourite causes for utilizing Inventory Rover for funding analysis.

Charting

The Inventory Rover charting device is efficient for visualizing basic and technical indicators after screening shares. A whole bunch of metrics can be found relying in your plan possibility.

Customers can increase the interactive chart right into a full-screen view. It’s even attainable to avoid wasting charts as a picture. 

The charting device is straightforward to make use of and much like most on-line brokerages providing in-depth charting instruments. Most traders ought to discover this function pleasing. I like having the ability to chart and look at in-depth knowledge rows in the identical place.

Nevertheless, pricier inventory screeners will be higher for merchants who rely closely on technical knowledge and wish extra real-time knowledge. 

Listed below are a few of the basic and technical indicators you should utilize. The platform can show the information in quite a lot of charts.

Valuation Charts

These are the charts you should utilize when analyzing basic metrics

• Worth vs. Basic: Evaluate the present share value to a basic indicator
• Historic vary: A 1, 2 or 3-year comparability of the corporate valuation for a selected indicator
• Soccer area: Evaluate the present valuation in opposition to its five-year vary for a number of metrics without delay with a horizontal bar chart.
• Scatter plot: Evaluate the a number of inventory tickers for a selected metric

Every chart kind helps you identify if the inventory is pretty valued. The charts may point out undervaluation or overvaluation.

Technical Charts

The technical evaluation charts will be much like what your on-line brokerage affords. Quite a lot of higher indicators seem in the identical chart because the share value.

Decrease indicators are additionally out there that show beneath the share value chart.

A number of the out there technical indicators embody:

• Easy Transferring Common (SMA)
• Exponential Transferring Common (EMA)
• Transferring Common Convergence Divergence (MACD)
• Relative Energy Indicator (RSI)
• Bollinger Bands
• Quantity
• Cash Circulation Index
• Stochastic Oscillator

Different inventory screeners are higher for superior technical evaluation. Nevertheless, this platform affords the most well-liked technical charts that may fulfill most non-professional traders. I discover the technical capabilities glorious for those who often depend on basic evaluation.

Alerts

It’s attainable to obtain value and technical alerts by e-mail and textual content when a chosen inventory share occasion happens. 

These alerts will be useful for short-term merchants. Lengthy-term traders can profit as properly in the event that they’re ready for the right setup earlier than investing. 

Analysis Experiences

All paid subscriptions present analysis reviews for the Dow 30 inventory index. Analysis reviews for different shares value $49.99 per yr. 

Buyers ought to see if their on-line brokerage supplies comparable third-party analysis reviews to keep away from this add-on value. Platforms together with Ally Make investments, Schwab and Constancy supply comparable merchandise. I like to recommend checking along with your brokerage first to probably lower your expenses.

One benefit of the Inventory Rover analysis report function is seeing their quantitative scores that may assist you grade the corporate’s well being.

Every report compiles the numerous basic, technical and monetary particulars that Inventory Rover tracks. The doc additionally lists scores for comparable shares to find out if a competitor generally is a higher funding possibility.

Analyst Rankings

Seeing the full variety of purchase, maintain and promote scores from skilled analysts generally is a helpful analysis gauge. 

Portfolio Administration

Customers can hyperlink to their brokerage accounts to monitor funding efficiency or manually enter positions.

This function makes it straightforward to carry out these duties:

• Monitor present holdings
• Estimate upcoming dividend revenue
• Measure portfolio danger
• Simulate portfolio rebalancing

The portfolio rebalancing device can estimate your new asset allocation by sector and the full funding prices. 

Appropriate Platforms

Most funding brokerages connect with Inventory Rover utilizing Yodlee. It takes as much as 30 seconds to attach, and the service syncs your portfolio if you go to Inventory Rover.

Micro-investing apps like Robinhood and M1 Finance in addition to Acorns, are appropriate platforms that you simply would possibly use to take a position your spare change. 

Buyers utilizing Interactive Brokers should e-mail the brokerage and request a direct feed to Inventory Rover. Different brokers sync effortlessly in most cases.

Under are the variety of accounts customers can hyperlink:

• Free: Two accounts
• Necessities: Two accounts
• Premium: Three accounts
• Premium Plus: Six accounts

With the ability to join accounts with a free subscription is a pleasant function. Different inventory screeners could solely supply this function for paid accounts.

Commerce Evaluator

Along with researching potential investments, the platform can monitor the efficiency of particular person trades. This function can present extra detailed metrics past what your brokerage reviews for realized positive aspects or losses.

Combining this function with the long run simulations, future revenue and rebalancing instruments can optimize your portfolio efficiency. You want a Premium or Premium Plus subscription to achieve entry.

Correlation Evaluation

Premium and Premium Plus subscribers can use the correlation evaluation device to seek out two investments with comparable, reverse or impartial funding efficiency.

Merchants could discover a damaging correlation between shopping for a protracted fairness place in a single inventory and being profitable when the share value will increase. They’ll additionally purchase a brief place in a second place to earn revenue if the share value drops.

Another choice is on the lookout for constructive correlations. On this case, each positions are prone to rise or fall collectively. One instance may very well be investing in gold bullion ETFs with the anticipation of accelerating share costs.

Inventory Rankings

Like different inventory analysis instruments, Inventory Rover applies proprietary quantitative scores to shares. 

A number of the scores embody:

• Fair proportion value worth: What Inventory Rover estimates the inventory is price
• Margin of security: Distinction between share value and honest worth estimate
• Worth rating: High quality of present monetary metrics and enterprise worth
• Development rating: Odds the corporate continues to develop vs. previous 5 years
• High quality rating: Compares profitability and steadiness sheet metrics
• Sentiment rating: If traders are bullish or bearish in the direction of the inventory
• Piotroski F-score: Firm’s monetary power utilizing 9 standards
• Altman Z-score: Chance the corporate could file for chapter

These inventory scores are solely out there to paid subscribers. The extra reasonably priced Necessities plan could solely be capable of entry these scores for as much as ten shares per thirty days.

The mid-tier Premium plan scores as much as 20 shares month-to-month, and the Premium Plus supplies limitless scores.

Subscribers with a restricted variety of rating scores can request the scores on the shares of their alternative.

Inventory scores are one among my favourite causes to make use of a inventory screener. Whereas I nonetheless carry out my very own analysis, they assist spotlight potential trades and shortly summarize the metrics for a selected technique.

Investor Warnings

The Investor Warnings function may also be helpful in forecasting potential funding losses. Customers will see a separate button when Inventory Rover points warnings for a inventory.

Potential warnings could embody declining gross sales progress or damaging gross sales progress. Inventory Rover applies a danger severity degree of both low, medium or excessive.

Investing Concepts

The Investing Concepts function features a weekly inventory decide like what the prime funding websites would possibly supply. 

This device additionally encompasses a weekly screener metric and lists shares becoming the standards. You’ll be able to import the screener to shortly run a brand new display in future searches. 

Investor Library

The Investor Library will be the quickest option to see the totally different screeners and portfolios the Inventory Rover group produces. I make the most of the articles and movies to include the instruments into my dashboard to make use of the service correctly.

You’ll be able to click on on totally different labels, learn an outline, and see present investments matching the standards.

The library lists these merchandise:

• Screeners
• Portfolios
• Watchlists

Is Inventory Rover Simple to Use?

The Inventory Rover platform is comparatively straightforward to make use of and navigate, even with all of the analysis options and customization choices. I discover it straightforward to filter basic and technical knowledge together with the prebuilt lists.

Some options require right-clicking to see the assorted choices out there. Customers also can increase home windows and rearrange the structure. 

The service is much like on-line brokerages that provide in-depth analysis instruments. Skilled traders with some inventory screening background could profit essentially the most from Inventory Rover. 

Newbie traders could discover the platform overwhelming at first as a result of there’s a number of superior info. Finviz could present a greater expertise and affords a number of totally different analysis instruments. Nevertheless, Inventory Rover affords extra options total.

Positives and Negatives

As with every platform you think about using, it’s necessary to know the professionals and cons earlier than signing up. Right here’s what you must bear in mind with Inventory Rover.

Professionals

• Highly effective inventory screener
• Interactive charting device
• A number of inventory scores
• Automated portfolio monitoring
• Cell-friendly

Cons

• Quite a few plan choices will be complicated
• Analysis reviews will not be well worth the improve
• Platform structure will be complicated
• Extra basic than technical indicators

Continuously Requested Questions

You seemingly have some questions on Inventory Rover that may decide whether or not or not you strive the service. Listed below are some solutions to regularly requested questions that will assist.

Abstract

Inventory Rover generally is a precious analysis device for traders eager to display shares for a selected indicator or funding technique. This platform affords many instruments which can be unusual amongst brokerage platforms.

Contemplate benefiting from the free 14-day trial to see if it’s the correct platform for you.

Abstract

Inventory Rover affords in-depth inventory scores and inventory screening instruments. A paid plan can present essentially the most precious analysis options.

Professionals

• Sturdy analysis instruments
• Many inventory screeners
• Portfolio monitoring

Cons

• Restricted free plan
• Could be costly
• Advanced structure