Go to Jeff Salisbury LWGate Home Page.From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM] VectorVest fundies
Date: Sun, 10 Mar 2002 21:04:47 -0600
Previous Article (by Subject): Re: [CANSLIM] VectorVest fundies Davellil5@aol.com
Top of Thread: Re: [CANSLIM] VectorVest fundies Davellil5@aol.com
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0010_01C1C877.36552E20
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
HI Katherine,
I signed up for vv and gave you as the referring person. Be sure you receive
credit.
John Adair
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Saturday, March 09, 2002 10:08 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] VectorVest fundies
Hi Patrick,
For the VV ProGraphics which I use and described in my message to Warren,
there is no initial cost. There is a monthly subscription fee that is all
inclusive. No additional fees for data feeds, etc, as everything you need is
downloaded to your PC. (There is also an online version, but I prefer the PC
based product. I have access to both for my monthly fee) $49/month for daily
updates, $39/month for weekly updates. (discounts for yearly subscriptions).
Basic graphing capabilities including price/volume, moving averages,
graphing all parameters over time, etc. is inclusive. (
http://www.vectorvest.com/VVPGDetail2.htm) My extended database has data
back to '95.
The optional super-souped-up technical add-on (ProTrader) has a one time
charge (I think it's about $295) but there are no fees after that, as all
the data is pulled from ProGraphics. (
http://www.vectorvest.com/VVPTDetail2.htm) My understanding is that those
who are in love with TC2000, MetaStock, etc. will find ProTrader somewhat
lacking. It still has some pretty incredible things....but
technicians-at-heart love what they love.
No hidden charges...never any upgrade fees (I've been using it since early
'98)... great technical support by phone and/or email.
You can order a 5 week trial for $9.95. (I would be remiss not to mention
that I get credit for referrals but you have to mention me by name when you
order) End of pitch...no connection to VV, just a very happy long term user
who's learned to make the product sing.
As a CANSLIMer, I think that you could use VV and then supplement it with
free fundamental resources on the web. But, if you're a fundamental junkie,
then I think it is useful to supplement it with something like QP2 (or its
derivative products) or DGO. Since I don't care about *mining* on raw
fundamentals, I think DGO is the better option, as all the proprietary IBD
indicators are readily available.
Katherine
PS There are also some articles at the VV site which describe in greater
detail some of what I wrote about in my original note to Warren.
http://www.vectorvest.com/specialreports.htm
- ----- Original Message -----
From: Patrick Wahl <mailto:pjwahl@attbi.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Saturday, March 09, 2002 9:26 PM
Subject: Re: [CANSLIM] VectorVest fundies
What does it cost - initially and per month?
On 9 Mar 2002 at 19:01, Katherine Malm wrote:
> Hi Warren,
>
> It's difficult to do justice to the VV tool in a few paragraphs, but I
will try and address your question in a way that shows how VV is different
from tools such as QP2 (and tools built on its engine and/or MarketGuide
fundamental data elements) and/or other tools that incorporate varying
degrees of technical analysis.
>
> It is true the VV does not have the raw historical fundamental data and it
is for this and a couple of other reasons that I supplement it with DGO.
Instead of providing the raw numbers, VV devotes its engine to looking for
relationships between variables. The foundational parameters are built
on long-standing stock-valuation techniques in which the value of a stock is
determined by the present value of a future earnings stream given a
particular growth rate in future earnings and a given interest and inflation
rate. This valuation is then combined with the past profitability
characteristics of the company--essentially the return on total capital
employed. The final valuation is then compared to present price action and
the expected return on the stock over time is compared to the return on a
AAA bond. While the specifics are proprietary (just as are the specifics of
DGO's A/D, GRS, SMR, etc.), the formulations are discussed in the manual. In
short, this allows you to compare any stock in the database against another
to determine the relative value (RV) of the stock. In addition to the RV,
there is also a relative safety (RS) factor which takes not only the
traditional measure of volatility (beta--a price based measure) but also the
past fundamental volatility/safety of the stock. For example, D/E ratio,
longevity of the business, persistence of profitability and growth in
earnings, etc. etc. All of these factors are once again combined so that any
one stock can be compared against another. Essentially, VV pares down all
the raw past fundamental data and the future expected fundamentals into a
couple of numbers for you. When I look at a stream of raw fundamentals, this
is what I'm doing mentally...assessing growth patterns, repeatability,
etc. So, no, you could not do a search on QoQ growth rates of x in the same
way you can in QP2. From a technical perspective, there is once again a
summary technical price indicator called relative timing (RT) which is
difficult to describe without a white paper. But, it essentially takes the
price movement over the last 13 weeks and the velocity of the price movement
in more recent periods and then normalizes it for values between 0 and 2.
Once again, this allows comparison of any one stock against another. (There
are many more parameters, but these are the most important). From a
CANSLIM perspective, the parameter most important is the projected forward
growth rate of the company. Without a doubt, this one factor (based on
forward EPS estimates, also given) is the fastest way to zoom in on CANSLIM
quality companies and as far as I've been able to determine, no other
software package has anything close.
>
- -
- -To subscribe/unsubscribe, email " majordomo@xmission.com
<mailto:majordomo@xmission.com> "
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- ------=_NextPart_000_0010_01C1C877.36552E20
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<html xmlns:v=3D"urn:schemas-microsoft-com:vml" =
xmlns:o=3D"urn:schemas-microsoft-com:office:office" =
xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
xmlns=3D"http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<meta name=3DProgId content=3DWord.Document>
<meta name=3DGenerator content=3D"Microsoft Word 9">
<meta name=3DOriginator content=3D"Microsoft Word 9">
<link rel=3DFile-List href=3D"cid:filelist.xml@01C1C877.3517CC20">
<!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:Zoom>0</w:Zoom>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
</w:WordDocument>
</xml><![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:swiss;
mso-font-pitch:variable;
mso-font-signature:16792199 0 0 0 65791 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;
text-underline:single;}
a:visited, span.MsoHyperlinkFollowed
{color:blue;
text-decoration:underline;
text-underline:single;}
p.MsoAutoSig, li.MsoAutoSig, div.MsoAutoSig
{margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
span.EmailStyle17
{mso-style-type:personal-reply;
mso-ansi-font-size:10.0pt;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.Section1
{page:Section1;}
- -->
</style>
<!--[if gte mso 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1027"/>
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1"/>
</o:shapelayout></xml><![endif]-->
</head>
<body bgcolor=3Dwhite lang=3DEN-US link=3Dblue vlink=3Dblue =
style=3D'tab-interval:.5in'>
<div class=3DSection1>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>HI=
Katherine,<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>I =
signed
up for vv and gave you as the referring person. Be sure you receive =
credit.<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Jo=
hn Adair<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Saturday, March 09, =
2002
10:08 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
VectorVest
fundies</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>Hi =
Patrick,</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>For the VV
ProGraphics which I use and described in my message to Warren, there is =
no
initial cost. There is a monthly subscription fee that is all inclusive. =
No
additional fees for data feeds, etc, as everything you need is =
downloaded to
your PC. (There is also an online version, but I prefer the PC based =
product. I
have access to both for my monthly fee) $49/month for daily =
updates,
$39/month for weekly updates. (discounts for yearly subscriptions). =
Basic
graphing capabilities including price/volume, moving averages, graphing =
all
parameters over time, etc. is inclusive. (<a
href=3D"http://www.vectorvest.com/VVPGDetail2.htm">http://www.vectorvest.=
com/VVPGDetail2.htm</a>)
My extended database has data back to '95.</span></font><font =
color=3Dblack><span
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>The optional
super-souped-up technical add-on (ProTrader) has a one time charge (I =
think
it's about $295) but there are no fees after that, as all the data is =
pulled
from ProGraphics. (<a =
href=3D"http://www.vectorvest.com/VVPTDetail2.htm">http://www.vectorvest.=
com/VVPTDetail2.htm</a>)
My understanding is that those who are in love with TC2000, MetaStock, =
etc.
will find ProTrader somewhat lacking. It still has some pretty =
incredible
things....but technicians-at-heart love what they =
love.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>No =
hidden
charges...never any upgrade fees (I've been using it since early '98)... =
great
technical support by phone and/or email.</span></font><font =
color=3Dblack><span
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>You can order
a 5 week trial for $9.95. (I would be remiss not to mention that I get =
credit
for referrals but you have to mention me by name when you order) End of
pitch...no connection to VV, just a very happy long term user who's =
learned to
make the product sing.</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>As =
a
CANSLIMer, I think that you could use VV and then supplement it with =
free
fundamental resources on the web. But, if you're a fundamental junkie, =
then I
think it is useful to supplement it with something like QP2 (or its =
derivative
products) or DGO. Since I don't care about *mining* on raw =
fundamentals, I
think DGO is the better option, as all the proprietary IBD indicators =
are
readily available.</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>PS =
There are
also some articles at the VV site which describe in greater detail some =
of what
I wrote about in my original note to Warren. <a
href=3D"http://www.vectorvest.com/specialreports.htm">http://www.vectorve=
st.com/specialreports.htm</a></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message ----- </span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;background:#E4E4E4;border:none;mso-border-left-alt:so=
lid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:pjwahl@attbi.com" title=3D"pjwahl@attbi.com">Patrick =
Wahl</a> </span></font></div>
<font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>=
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Saturday, =
March 09,
2002 9:26 PM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Re:
[CANSLIM] VectorVest fundies</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>What does it
cost - initially and per month?<br>
<br>
On 9 Mar 2002 at 19:01, Katherine Malm wrote:<br>
<br>
> Hi Warren,<br>
> <br>
> It's difficult to do justice to the VV tool in a few paragraphs, =
but I
will try and address your question in a way that shows how VV is =
different from
tools such as QP2 (and tools built on its engine and/or MarketGuide =
fundamental
data elements) and/or other tools that incorporate varying <br>
degrees of technical analysis.<br>
> <br>
> It is true the VV does not have the raw historical fundamental data =
and it
is for this and a couple of other reasons that I supplement it with DGO.
Instead of providing the raw numbers, VV devotes its engine to looking =
for
relationships between variables. The foundational parameters are built =
<br>
on long-standing stock-valuation techniques in which the value of a =
stock is
determined by the present value of a future earnings stream given a =
particular
growth rate in future earnings and a given interest and inflation rate. =
This
valuation is then combined with the past profitability <br>
characteristics of the company--essentially the return on total capital
employed. The final valuation is then compared to present price action =
and the
expected return on the stock over time is compared to the return on a =
AAA bond.
While the specifics are proprietary (just as are the specifics of <br>
DGO's A/D, GRS, SMR, etc.), the formulations are discussed in the =
manual. In
short, this allows you to compare any stock in the database against =
another to
determine the relative value (RV) of the stock. In addition to the RV, =
there is
also a relative safety (RS) factor which takes not only the <br>
traditional measure of volatility (beta--a price based measure) but also =
the
past fundamental volatility/safety of the stock. For example, D/E ratio,
longevity of the business, persistence of profitability and growth in =
earnings,
etc. etc. All of these factors are once again combined so that any <br>
one stock can be compared against another. Essentially, VV pares down =
all the
raw past fundamental data and the future expected fundamentals into a =
couple of
numbers for you. When I look at a stream of raw fundamentals, this is =
what I'm
doing mentally...assessing growth patterns, repeatability, <br>
etc. So, no, you could not do a search on QoQ growth rates of x in the =
same way
you can in QP2. From a technical perspective, there is once again a =
summary
technical price indicator called relative timing (RT) which is difficult =
to
describe without a white paper. But, it essentially takes the <br>
price movement over the last 13 weeks and the velocity of the price =
movement in
more recent periods and then normalizes it for values between 0 and 2. =
Once
again, this allows comparison of any one stock against another. (There =
are many
more parameters, but these are the most important). From a <br>
CANSLIM perspective, the parameter most important is the projected =
forward
growth rate of the company. Without a doubt, this one factor (based on =
forward
EPS estimates, also given) is the fastest way to zoom in on CANSLIM =
quality
companies and as far as I've been able to determine, no other <br>
software package has anything close.<br>
> <br>
<br>
<br>
- -<br>
- -To subscribe/unsubscribe, email "<a =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>"<b=
r>
- -In the email body, write "subscribe canslim" or<br>
- -"unsubscribe canslim". Do not use quotes in your =
email.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
</div>
</div>
</body>
</html>
- ------=_NextPart_000_0010_01C1C877.36552E20--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Subject): Re: [CANSLIM] VectorVest fundies Davellil5@aol.com
Top of Thread: Re: [CANSLIM] VectorVest fundies Davellil5@aol.com
Articles sorted by: [Date]
[Author]
[Subject]