Pros, Cons, and Research Insights

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

Among the greatest options embrace in-depth evaluation, portfolio monitoring and analyst experiences. I make the most of inventory screeners continuously and like the basic and technical analysis instruments this platform provides.

This Inventory Rover overview will help you determine whether it is price the fee.

What’s Inventory Rover?

Stock Rover is a premium analysis instrument providing these options:

• Inventory screener
• ETF and inventory
• Charting instruments
• Professional-themed mannequin portfolios
• Analysis experiences
• 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 may discover funding concepts utilizing the service’s mannequin portfolios. These guru portfolios advocate shares utilizing the funding methods of profitable buyers.

Who Ought to Use Inventory Rover?

Inventory Rover is an efficient possibility for buyers desirous to analysis particular person shares in addition to ETFs and get extra information and inventory rankings than their on-line brokerage offers. Most brokers supply primary worth charts and monetary information 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 possibly can carry out basic and technical evaluation on this platform. For probably the most half, it’s probably the greatest basic evaluation instruments.

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

I don’t suppose that is the very best 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 access free trial to the highest-tier Premium Plus plan.

Free

Price: $0

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

Core free Inventory Rover options embrace:

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

This plan could be higher than what a basic micro-investing app offers. 

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

Necessities

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

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

There may be a restrict on what number of occasions you need to use a sure characteristic every month. Pricier plans could supply elevated or limitless entry to alerts, inventory rankings and extra.

Key Necessities options embrace:

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

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

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

Premium

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

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

Plan advantages embrace:

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

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

I additionally just like the ranked screening characteristic that lists shares and ETFs greater primarily based on the load you assign specific indicators.

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

Premium Plus

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

Information junkies and extremely lively merchants ought to take into account Premium Plus. Joining Stock Rover permits you to do that plan for the primary 14 days at no additional value. 

Among the greatest advantages embrace:

• Over 650 metrics
• Limitless quantitative inventory rankings
• Limitless investor warnings
• Can display historic information 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 provides extra saved screens, portfolios and watchlists than the opposite plans. The varied experiences additionally show extra information rows, amongst different advantages. 

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

What Options Does Inventory Rover Provide?

Inventory Rover provides loads of options that many buyers could discover helpful. Listed here are a number of the greatest analysis instruments that Inventory Rover provides. 

Inventory Quotes

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

The inventory quote lists these particulars:

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

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

I additionally admire the flexibility 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 outdoors 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 current quote, I had warnings for a excessive proportion of quick shares and a excessive compensation proportion to executives as an alternative of shareholders. I’ve additionally seen warnings for adverse income development and pessimistic basic inventory rankings.

Inventory Watchlists

Along with creating your personal inventory and ETF watchlists, you possibly can observe prebuilt lists.

Among the watchlist examples embrace:

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

I like utilizing the curated lists to rapidly discover funding concepts or observe the heartbeat of a number 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 most important holdings of many well-known skilled buyers.

Among the guru portfolios embrace:

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

These portfolios will help particular person buyers see how the “good cash” is investing. You possibly can rapidly see which shares often is the splendid portfolio positions.

I don’t rely solely on hedge funds, but it surely’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 best stock screeners. You possibly can add conventional monetary and basic metrics like your brokerage screening instrument.

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

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

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

Sadly, the free plan doesn’t embrace the inventory screener, and you’ll need to depend on your brokerage or one other platform to weed out unhealthy funding concepts. With that mentioned, I like that the screener can rank the search outcomes utilizing your most well-liked metrics to extra simply discover the very best buying and selling choices in minimal time.

Customized Screens

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

Among the distinctive screening filters embrace:

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

For instance, customers can display shares that match Warren Buffett’s technique through the use of the “Buffettology” display. 

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

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

Skilled buyers may construct their very own screening method by including premade standards and writing a freeform equation. 

Examine Shares and Funds

Along with screening shares, you possibly can evaluate shares and ETFs in your watchlist or current quotes lists.

Among the comparability components are:

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

The comparability desk is much like studying a Microsoft Excel or Google Sheets spreadsheet. You possibly can add columns to analysis further metrics. I discover the customization options useful and straightforward to make use of.

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

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

Charting

The Inventory Rover charting instrument is efficient for visualizing basic and technical indicators after screening shares. A whole lot 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 doable to avoid wasting charts as a picture. 

The charting instrument is simple to make use of and much like most on-line brokerages providing in-depth charting instruments. Most buyers ought to discover this characteristic pleasing. I like having the ability to chart and examine in-depth information rows in the identical place.

Nonetheless, pricier inventory screeners could be higher for merchants who rely closely on technical information and need extra real-time information. 

Listed here are a number of the basic and technical indicators you need to use. The platform can show the information in a wide range of charts.

Valuation Charts

These are the charts you need to use when analyzing basic metrics

• Value vs. Elementary: Examine the present share worth to a basic indicator
• Historic vary: A 1, 2 or 3-year comparability of the corporate valuation for a selected indicator
• Soccer area: Examine the present valuation in opposition to its five-year vary for a number of metrics directly with a horizontal bar chart.
• Scatter plot: Examine 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 could be much like what your on-line brokerage provides. A wide range of higher indicators seem in the identical chart because the share worth.

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

Among the out there technical indicators embrace:

• Easy Shifting Common (SMA)
• Exponential Shifting Common (EMA)
• Shifting 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. Nonetheless, this platform provides the preferred technical charts that may fulfill most non-professional buyers. I discover the technical capabilities glorious for those that normally depend on basic evaluation.

Alerts

It’s doable to obtain worth and technical alerts by electronic mail and textual content when a chosen inventory share occasion happens. 

These alerts could be useful for short-term merchants. Lengthy-term buyers can profit as nicely in the event that they’re ready for the proper setup earlier than investing. 

Analysis Experiences

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

Buyers ought to see if their online brokerage offers comparable third-party analysis experiences 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 together with your brokerage first to doubtlessly lower your expenses.

One benefit of the Inventory Rover analysis report characteristic is seeing their quantitative rankings that may make it easier to grade the corporate’s well being.

Every report compiles the various basic, technical and monetary particulars that Inventory Rover tracks. The doc additionally lists rankings for comparable shares to find out if a competitor could be a higher funding possibility.

Analyst Rankings

Seeing the entire variety of purchase, maintain and promote rankings from skilled analysts could be a helpful analysis gauge. 

Portfolio Administration

Customers can hyperlink to their brokerage accounts to track investment performance or manually enter positions.

This characteristic makes it simple to carry out these duties:

• Monitor present holdings
• Estimate upcoming dividend earnings
• Measure portfolio threat
• Simulate portfolio rebalancing

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

Suitable 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 may use to take a position your spare change. 

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

Beneath 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 characteristic. Different inventory screeners could solely supply this characteristic for paid accounts.

Commerce Evaluator

Along with researching potential investments, the platform can observe the efficiency of particular person trades. This characteristic can present extra detailed metrics past what your brokerage experiences for realized features or losses.

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

Correlation Evaluation

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

Merchants could discover a adverse correlation between shopping for an extended fairness place in a single inventory and making a living when the share worth will increase. They’ll additionally purchase a brief place in a second place to earn earnings if the share worth drops.

Another choice is in search of optimistic 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 rankings to shares. 

Among the scores embrace:

• Fair proportion worth worth: What Inventory Rover estimates the inventory is price
• Margin of security: Distinction between share worth 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 stability sheet metrics
• Sentiment rating: If buyers are bullish or bearish in direction of the inventory
• Piotroski F-score: Firm’s monetary energy utilizing 9 standards
• Altman Z-score: Chance the corporate could file for chapter

These inventory rankings are solely out there to paid subscribers. The extra inexpensive Necessities plan could solely have the ability to entry these rankings for as much as ten shares per 30 days.

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

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

Inventory rankings are considered one of 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 rapidly summarize the metrics for a selected technique.

Investor Warnings

The Investor Warnings characteristic 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 embrace declining gross sales development or adverse gross sales development. Inventory Rover applies a threat severity stage of both low, medium or excessive.

Investing Concepts

The Investing Concepts characteristic features a weekly inventory decide like what the top investment sites may supply. 

This instrument additionally contains a weekly screener metric and lists shares becoming the standards. You possibly can import the screener to rapidly run a brand new display in future searches. 

Investor Library

The Investor Library could be the quickest technique to see the completely 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 possibly can click on on completely different labels, learn an outline, and see present investments matching the standards.

The library lists these merchandise:

• Screeners
• Portfolios
• Watchlists

Cell Usability

Inventory Rover doesn’t have a cellular app, however a mobile-friendly expertise is on the market with the Premium and Premium Plus plans. I discover it so much simpler to navigate the platform with the cellular expertise as an alternative of the desktop expertise.

You will notice the varied analysis instruments and dashboards in your display. It’s simple to change to completely different options with the buttons on the backside of the display. Nonetheless, sure superior options solely stay out there within the desktop model as they require a much bigger display.

Sadly, free and entry-level Necessities customers can solely entry the desktop version on a telephone or pill. You should maintain your system horizontally in panorama mode. You possibly can entry many options however I discover the format as crowded and considerably difficult to navigate. It’s price upgrading to a better plan in the event you primarily entry this platform out of your smartphone.

Is Inventory Rover Straightforward to Use?

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

Some options require right-clicking to see the varied choices out there. Customers may increase home windows and rearrange the format. 

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

Newbie buyers could discover the platform overwhelming at first as a result of there may be plenty of superior info. Finviz could present a greater expertise and provides a number of completely different analysis instruments. Nonetheless, Inventory Rover provides extra options general.

Mid-tier and upper-tier subscribers may take pleasure in a mobile-friendly expertise from their telephone or pill browser. The cellular usability makes it simple to verify shares on the go and for individuals who don’t have common entry to a pc however need to take pleasure in highly effective funding analysis instruments.

Positives and Negatives

As with all platform you think about using, it’s essential to know the professionals and cons earlier than signing up. Right here’s what it’s best to take into account with Inventory Rover.

Execs

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

Cons

• Quite a few plan choices could be complicated
• Analysis experiences might not be well worth the improve
• Platform format could 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 here are some solutions to continuously requested questions which will assist.

Abstract

Inventory Rover could be a useful analysis instrument for buyers desirous to display shares for a selected indicator or funding technique. This platform provides many instruments which might be unusual amongst brokerage platforms.

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