{"id":2171,"date":"2020-12-10T18:14:13","date_gmt":"2020-12-10T12:44:13","guid":{"rendered":"https:\/\/blog.tickertape.in\/?p=2171"},"modified":"2022-12-13T18:45:49","modified_gmt":"2022-12-13T13:15:49","slug":"5-benefits-of-using-a-stock-screener","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/","title":{"rendered":"5 Benefits of Using A Stock Screener \ufeff"},"content":{"rendered":"\n<p>Picking the right stocks from 1000s of stocks available in the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/\">stock market<\/a> is time-consuming and stressful. That\u2019s where a <a href=\"https:\/\/www.tickertape.in\/blog\/tickertape-stock-screener-to-discover-largecap-stocks\/\">stock screener<\/a> comes in handy. It makes it easy to filter, select, and track stocks based on your preferred parameters. Hence, in this article, let us look at the top benefits of a stock screener and how <a href=\"https:\/\/www.tickertape.in\/screener?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Stock Screener<\/a> can help you make better and quicker investment decisions.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#What-is-a-stock-screener\" title=\"What is a stock screener?\">What is a stock screener?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#Benefits-of-using-a-stock-screener\" title=\"Benefits of using a stock screener\">Benefits of using a stock screener<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#A-stock-screener-saves-time\" title=\"A stock screener saves time\">A stock screener saves time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#A-stock-screener-eliminates-emotional-biased-decisions\" title=\"A stock screener eliminates emotional-biased decisions\">A stock screener eliminates emotional-biased decisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#A-stock-screener-presents-new-investment-opportunities\" title=\"A stock screener presents new investment opportunities\">A stock screener presents new investment opportunities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#A-stock-screener-allows-you-to-save-screens\" title=\"A stock screener allows you to save screens\">A stock screener allows you to save screens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#A-stock-screener-updates-current-information\" title=\"A stock screener updates current information\">A stock screener updates current information<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#How-to-use-Tickertape-to-screen-stocks\" title=\"How to use Tickertape to screen stocks?\">How to use Tickertape to screen stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#How-to-look-at-the-shares-traded-by-the-promoters-of-the-company\" title=\"How to look at the shares traded by the promoters of the company?\">How to look at the shares traded by the promoters of the company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#To-conclude\" title=\"To conclude\">To conclude<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#How-to-find-top-FMCG-companies-in-India\" title=\"How to find top FMCG companies in India?\">How to find top FMCG companies in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/5-benefits-of-using-a-stock-screener\/#What-are-the-benefits-of-a-stock-screener\" title=\"What are the benefits of a stock screener?\">What are the benefits of a stock screener?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-is-a-stock-screener\"><\/span><strong>What is a stock screener?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A stock screener is an investor\/trader\u2019s best friend. It is a tool that allows them to filter and list their preferred stocks among thousands of others available in the market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits-of-using-a-stock-screener\"><\/span><strong>Benefits of using a stock screener<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A-stock-screener-saves-time\"><\/span><strong>A stock screener saves time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Thousands of stocks are listed on bourses, which makes screening a handful of them tedious. Studying the financials of each stock thoroughly, evaluating its historical performance and future prospects, and analysing the impact of current events and news on the stock would take forever.<\/p>\n\n\n\n<p>Thanks to the stock screener, this lengthy process of evaluating stocks is narrowed down to simply applying a couple of metrics that complement your investment objective. Once you select the metrics you want to apply, the screener <a href=\"https:\/\/www.tickertape.in\/blog\/14-new-filters-on-tickertape-stock-screener\/\">filters<\/a> out stocks that don\u2019t meet your requirements. The result? You are only left with a list of stocks that fit your criteria.<\/p>\n\n\n\n<p>For instance, if you are looking for stocks heavily funded with <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> instead of debt, you can apply the debt-to-equity ratio. If you are looking for <a href=\"https:\/\/www.tickertape.in\/blog\/most-undervalued-stocks-in-india\/\">undervalued stocks<\/a>, applying a low Price-to-Earnings ratio (P\/E) level makes sense. Similarly, if you are interested in stocks with a comfortable short-term liquidity position, you can set a high current ratio as one of the metrics.<\/p>\n\n\n\n<p>Hence, with the help of <a href=\"https:\/\/www.tickertape.in\/blog\/14-new-filters-on-tickertape-stock-screener\/\">filters<\/a>, you can get stocks based on your preference within minutes. <a href=\"https:\/\/www.tickertape.in\/screener?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Stock Screener<\/a> offers over 200 filters to help you screen stocks based on different themes or preferences. And in case you didn\u2019t find the filters you are looking for, you can create one using the \u2018Custom Filter\u2019 feature. Isn\u2019t that great? Let\u2019s look at more benefits of the stock screener.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A-stock-screener-eliminates-emotional-biased-decisions\"><\/span><strong>A stock screener eliminates emotional-biased decisions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Next in line is the one an investor\/trader needs to remember and cannot eliminate.<\/p>\n\n\n\n<p>When evaluating stocks, it is easy to steer away from our objective and make decisions based on emotions instead. Rarely are such illogical decisions fruitful, which ultimately impact your returns on investment.<\/p>\n\n\n\n<p>For instance, investing or staying invested in a stock simply because you like its product doesn\u2019t make sense if the company has unattractive prospects. Fortunately, a stock screener eliminates such biases and illogical decisions and filters out stocks based on logical parameters.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A-stock-screener-presents-new-investment-opportunities\"><\/span><strong>A stock screener presents new investment opportunities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since a stock screener filters out stocks that meet your criteria from a large database, it presents certain opportunities that you may not have considered or were not aware of in the first place. Meaning you may discover unpopular stocks, which may have the potential to grow but are often overlooked.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A-stock-screener-allows-you-to-save-screens\"><\/span><strong>A stock screener allows you to save screens<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you have filtered the best stocks based on your parameters, you can save that screen for future reference. Tickertape allows you to do that with ease. This way, you can quickly load a saved screener when evaluating stocks and accelerate the screening process based on metrics and filters that you use often.<\/p>\n\n\n\n<p>Tickertape offers 18 pre-built screens with different themes to make your life easier. Planning for your retirement? We have a screen for you &#8211; <a href=\"https:\/\/www.tickertape.in\/screener\/equity\/prebuilt\/SCR0025?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Retire in Style<\/a>. Planning a trip for next year? &#8211;&nbsp; <a href=\"https:\/\/www.tickertape.in\/screener\/equity\/prebuilt\/SCR0022?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Get, Set, Fly!<\/a> screen is for you. Looking for stocks with strong <a href=\"https:\/\/www.tickertape.in\/blog\/foray-into-companies-experiencing-price-momentum-backed-by-quality-growth\/\">price momentum<\/a>? &#8211; the <a href=\"https:\/\/www.tickertape.in\/screener\/equity\/prebuilt\/SCR0009?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Jamaican Sprinters<\/a> screen is there to help you. When you have pre-built screens, why put efforts into screening stocks separately?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A-stock-screener-updates-current-information\"><\/span><strong>A stock screener updates current information<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Most screeners update current events and information regarding stocks regularly. For instance, Tickertape displays stock price movements to help you better analyse their performance. It also provides regular updates on annual and quarterly financials and <a href=\"https:\/\/www.tickertape.in\/blog\/corporate-actions\/\">corporate actions<\/a>, which are crucial to investing in stocks and their performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-use-Tickertape-to-screen-stocks\"><\/span><strong>How to use Tickertape to screen stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now that you know the benefits of using a stock screener, let us look at how to use Tickertape\u2019s screener.<\/p>\n\n\n\n<p>1. Launch <a href=\"https:\/\/www.tickertape.in\/screener?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Stock Screener<\/a>. By default, the screener loads \u201cNew Screen\u201d, which returns stocks based on a set of pre-loaded filters. Note that you can either retain these default filters or remove them.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/5Y5doFxp7qMOBZntlHIA4VzJUR5pAoJS4FdguJpzhBRjHgemUaPCQF_rDfKKDQz6BQU4L8aMrIBtbeZ5NL0aUfot8v4cgbf3awAv8L78EwhdyOMNWrF9K2yLcdBovyP51hTLyR_a\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>2. Then, determine the metrics and filters based on which you want to screen stocks. You may start with the sector, <a href=\"https:\/\/www.tickertape.in\/blog\/market-capitalization\/\">market capitalisation<\/a>, P\/E, etc. You may further screen stocks based on over 200 filters.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/QaNcgn64rLxqWyNLLiKO8octVrg9PBY5rC9qpWkxIec4TwPJdT_CF34o5xH3EyZBpJyy9tpmXcWjXhlhOTX5gZY2ADGtE5lvWfijR7LBLj7VNKReIjzaoLplnRo0IwlEEBVryA-W\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>3. Do this by clicking the \u201cAdd Filter Button\u201d at the bottom of the \u201cFilter Panel\u201d on the left-hand side of the screen. What\u2019s more, Tickertape also allows you to create a custom filter by using the \u201cCustom\u201d option.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/gFX948BtRHN-I3Z_gJBmr3lOPZQqFgzJtbLGrhy5KXM_-kPy1F8rKjAGnmEAOL4uELnF25v3ms6XDVA6yVmO29eo-Roe8QZOxXp1NlYxB0Xn96cRaoVKWWfnIy8_kvtO_0Gg2eap\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>Once the screener filters stocks that meet your criteria, evaluate them further. You may want to do <a href=\"https:\/\/www.tickertape.in\/blog\/a-step-by-step-guide-to-fundamental-analysis\/\">fundamental analysis<\/a> and detailed market research before investing in stocks. Tickertape also allows you to save this screen for future reference. Click the \u201cSave\u201d button on top of the Filter Panel. Give your screen a suitable name and description. You can access all your Saved Screens under \u201cAll Screens\u201d.<\/p>\n\n\n\n<p>Let\u2019s understand how to use the Tickertape Stock Screener with an example.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-look-at-the-shares-traded-by-the-promoters-of-the-company\"><\/span><strong>How to look at the shares traded by the promoters of the company?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, let\u2019s understand how to look at the cumulative number of shares traded by promoters of the company over the previous 1 month\/3 month\/6 month.&nbsp;<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Go to <a href=\"https:\/\/www.tickertape.in\/screener?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Stock Screener<\/a>.&nbsp;<\/p>\n\n\n\n<p><strong>Step 2: <\/strong>Go to \u2018Add Filter\u2019. Click on \u2018Ownership\u2019.<\/p>\n\n\n\n<p><strong>Step 3: <\/strong>Under \u2018Ownership\u2019, there is an option for \u2018Insider Trades\u2019 with 1M, 3M, and 6M variants.&nbsp;<\/p>\n\n\n\n<p>You can select based on your preference and sort the result from highest to lowest to get the top companies whose promoters are repurchasing the shares. There can be various reasons for a promoter of a company to buy back the shares.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"To-conclude\"><\/span><strong>To conclude<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Screening is just the first step to narrowing down stocks that may interest you. It doesn\u2019t guarantee returns. To ensure that the stocks are worth a long-term investment, you need to evaluate them individually. That\u2019s why Tickertape equips you with meaningful information on the stock\u2019s overview, financials, peers, price forecast, and news and events. Such information equips you to make better investment decisions.<\/p>\n\n\n\n<p>To learn more about Tickertape Stock Screener, read <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-use-tickertape-stock-screener-to-discover-stocks-a-complete-guide\/\">How To Use Tickertape Stock Screener To Discover Stocks? \u2013 A Complete Guide<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1670936833604\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How-to-find-top-FMCG-companies-in-India\"><\/span><strong>How to find top FMCG companies in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can use Tickertape Stock Screener to get the list of top FMCG companies in India based on their market cap.<br \/>&#8211; Open the <a href=\"https:\/\/www.tickertape.in\/screener?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Stock Screener<\/a><br \/>&#8211; Search for \u2018FMCG\u2019 under the sector and select the sub-sectors<br \/>&#8211; Select \u2018Market Cap\u2019 and select \u2018Largecap\u2019.<br \/>&#8211; Sort the list according to market cap (highest to lowest)<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1670936855142\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What-are-the-benefits-of-a-stock-screener\"><\/span><strong>What are the benefits of a stock screener?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Stock screeners are investors\/traders\u2019 all-time companions. They make the process easy and save time. All the information an investor\/trader needs is available with a few clicks and all in one place. They also help eliminate emotional biases and assist investors in making rational decisions.\u00a0<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A stock screener can help you make better and quicker investment decisions. Here are more benefits of the stock screener and how to best use the Tickertape Stock Screener.<\/p>\n","protected":false},"author":90,"featured_media":2172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1722,1724],"tags":[],"acf":[],"modified_by":"Anjali Chourasiya","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2020\/12\/Screener.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2171"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=2171"}],"version-history":[{"count":6,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2171\/revisions"}],"predecessor-version":[{"id":11356,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2171\/revisions\/11356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/2172"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=2171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=2171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=2171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}