October 2011 issu - Downloads
Contents
1. t ALPESH PATEL O ShareSco ate est news anc J T tips will find that the Filter news option on the News context menu will have a tick next to it Click on this option to switch the filter off This is a great way to filter out the news stories that you are not interested in ShareScope Gold users can simply switch between Settings to see different categories of news Plus and Pro users can display windows for different categories of news If you only want to show news for the current day in the News view right click and select Today s news only A tick will appear next to it on the context menu To disable this feature simply select it again ShareScope Plus amp Pro users If you notice that your News view seems to scroll down the list throughout the day there is a simple fix for this Right click in the News view and select List design from the context menu Click on the Advanced tab and select Keep list position This will ensure that the top part of the list will be displayed at all times Of course you will need to make sure that your News view is sorted by X date time as well You can quickly remove a column from a table by right clicking on the column heading and then pressing the letter V on the keyboard To keep the currently selected share still highlighted selected when you sort a list simply double click on a column heading and hold down the2. WHERE WILL EQUITY MARKETS BE ONE MONTH FROM NOW ad DOMINIC PICARDA SANDY JADEJA PHILS HIDDEN GEMS PHIL TOLHURST SUPPORT Use your 12 News Settings to filter for specific types of news stories For example news stories which carry broker s comments have the code P UKMC The stories which are a round up of broker s comments have the code P BKCO To filter for stories of a particular type right click in the News window and select Set news filter The Filter news dialog will be displayed click on the Keyword Code search tab You can specify up to four codes or keywords phrases per Setting To find a code click in one the empty fields and type a word related to the type broker A list of the news categories that include this word or phrase will be displayed along with the code Click on the one you want Once you have created a filter you Filter news Filter news Category search Keyword Code search Phrase search Phrase TW insurance Brokers YE Broker s World Broker Loan Rate UK Market Talk Roundup Broker Comments UK Market Talk Brokers Comments Save Show Filters The news you are interested in For example Enter up to four keywords or phrases 4s you type a list of matching Dow Jones news codes will be displayed You can use a combination of keywords and codes just keywords or just codes
3. You can Save an image or table as a file through the Export options on ShareScope s File menu or you can use standard Windows cut and paste commands Start by configuring ShareScope s clipboard options Click on the Tools menu and select Options Find the General tab and choose how ShareScope Options Alpesh Patel Currencies I Intraday history Intraday alarms End of day alarms MELISSA S TOP TIPS SHARING GRAPHS amp TABLES emails If you want a high resolution and scalable graphic to drop into a Graphic Design package then select Copy as a vector image There are two other options which control the size of image when copying the Graph or Details view Select Use window size to copy the image in the actual size it appears on your screen Plus and Pro users this enables you to size the window to suit your requirement Use the Use fixed size option to select specific dimensions for the image To copy a graph make sure it is the active window and press CTRL Con Lists Graph News I Portfolios amp Transactions ShareScript your keyboard The Communications Intraday feed Market hours Level 2 feed image will be sent General F Hubo save every 3o Find dialog Fast EPIC Find Clipboard options Copy as a bitmap Calculator options Use ShareScope calculator Configure calculator Use window size Use default Windows calculator OQ Use fixed si
4. shift key while you double click VIEW FROM THE TOP ALPESH PATEL Why am I predicting the market will be up in a month s time Well in my view the facts remove fear Warren Buffett is buying equities the world s biggest companies are looking for acquisitions PEs are at 30 year lows PBVs are cheap Even if irrational fear can move the markets another 10 15 lower and it can don t believe it can move us much lower than that Corporates are earning China s growth is equal to the US having no growth so the global economy is protected Some commodity prices have overshot e g gold copper so some care is needed here but equities are the cheapest asset class The Italian downgrade is good news because it pushes yields up on Italian debt up ironically making it more attractive At AA who wants 5 from Italian debt But 7 at AA2 that s more interesting Dollars Gold Spot per oz commodity 1900 1800 1600 1500 1400 SAOMO 41 Feb Apr Jul Oct 512 Some readers may have spotted the double top formed by the Gold price chart which predicted a fall back to around 1600 You might have been asked to do this after you mentioned to a friend that you spotted a fantastic trading opportunity Or you just want to copy a few items from a List Table into an email ShareScope lets you perform these and many other tasks very easily
5. 082 16 46 17 84 0 0147 0 0221 36 01 31 48 0 0246 0 0322 Source ShareScope RICH S SCRIPTS RICHARD CHIESA SUPPORT For all of you who d like to give ShareScript a try but don t know where to start I ve created a very simple indicator script that should help you grasp the basics The indicator I ve created looks at the high and low price for each period on the graph and calculates the difference Let s look at the whole thing in detail The first function to be called is init short for initialization The init function is called only once when you add the indicator to a chart It is the best place to specify the visual style of your indicator setSeriesColour will set the colour of the indicator line this has two properties the series number and the colour The series number is an identifier that determines which of the indicator lines will be coloured starting from number 0 this particular indicator has only one line so only series number O is used setSeriesLineStyle sets the style of the line The first property is the series number followed by the line style Pen Solid Pen Dot etc then the thickness O thin 2 thick setTitle sets the text that will appear in the top left corner of the indicator A word on arrays An array is used when data needs to be expressed as a series instead of a single value P a b c d e is an array of the first five letters o
6. Script indicator will automatically use the period length set for the chart In all cases the script itself will not change var output creates the array that will contain the indicator s values var is the keyword used to create new variables output is the variable s name and determine the type of variable that is going to be created in this case an empty array for var i 0 i lt data length i This is used to call a particular set of instructions repeatedly for a determined number of times e g for each point on the graph for is the keyword used to start a loop this will contain 3 properties separated by semi colons The first property is the initialization this is run once and is used to set up a variable for the loop in this instance a variable called i is created and set data lal hirgh deta low to 0 The second property determines when the loop will stop as long as the statement is true the loop will keep on running in this case as long as the variable i is smaller than the length of the data array The final property is what allows the loop to move forward at the end of each step i increased by 1 i simply means add 1 to the current value of i The loop only contains one line of code which translates to element number i of output becomes the difference between the high on the ith OHLC bar and the low of the same bar Because i increases by 1 for each step of the loop thi
7. le way to combine return and risk is the Sharpe ratio This divides the mean average return minus a risk free return by the standard deviation of past returns The higher the number the better So if the mean return is 5 the risk free return is 2 75 savings account or 10 year Gilt and the deviation is 12 then the Sharpe ratio will be 5 2 75 12 0 1875 Now let s be honest most of us are perfectly happy with upward volatility the chance of higher than expected returns it s the downside risk we are concerned with The Sortino ratio was devised to address this It is similar to the Sharpe ratio but it focuses on the volatility of negative returns only Again the higher the number the better Roughly speaking a share with a relatively attractive Sortino ratio has better returns and a lower downside risk than its peers 3Y 3Y Return Deviation Mean Return Marks amp Spencer Group PLC Kier Group PLC Vodafone Group PLC Legal amp General Group PLC Beazley PLC AstraZeneca PLC Greene King PLC FTSE 350 Ex Investment Companies 10 9 8 5 4 Centrica PLC 8 1 A 51 9 Dairy Crest Group PLC o 12 78 22 27 10 23 33 19 T What analyses like this enable you to do is compare your holdings with the rest of the market and help you identify more attractive replacements or additions for your portfolio Can you get similar performance for less risk or better performance for the same
8. n the alphabet P is the array s name its length is 5 and each element is counted from 0 so a is element number O b is element number 1 etc Each element of the array P can be called using its number so P 3 will be used to call d An array can contain numbers text dates or any combination thereof Name High Low Description Displays an indicator of the difference between the high and the low runtin iat setSeriesColour 0 Colour Red setSeriesLineStyle 0 Pen Solid 1 Setlinle Yaaogh manus Low function getGraph share data var our put lz for var nt O data length af output a recurn Output box if omitted the script name will be used instead The part of the script that contains the actual calculations is the getGraph function You use the getGraph function to tell ShareScope how to calculate the indicator for each share The function has two parameters share and data The share property will tell the script which share is being displayed and data is the array of the share s price history Each element of data will have several properties open high low close volume date and a few others When you add a ShareScript indicator to an end of day graph you will need to set the type of array daily weekly etc manually just like you do when adding one of ShareScope s in built indicators In the case of an intraday graph the Share
9. ng chapters as they are completed onto our website You can find nine chapters so far at www sharescope co uk userguide am delighted to say that we now have our Training room up and running We plan to offer training on various topics such as data mining and we will email you details in due course SUPPORT Gold amp Plus 020 7749 8504 0845 045 0111 Pro 020 7749 8503 0845 456 0545 The 0845 numbers should be cheaper if you are calling from outside London on a landline Risk analysis is a fundamental component of portfolio construction for professional investment managers It analyses the past performance of an instrument to help us make decisions about the future The aim is to construct a portfolio of instruments that will generate the required level of return for the minimum risk Although it s easy enough to find risk measurements for unit trusts you rarely see them displayed or discussed for equities Indeed without a package like ShareScope most private investors would need to calculate risk metrics in a spreadsheet To illustrate how you might use risk analysis have filtered the FTSE 350 for companies with a yield above 5 dividend cover of at least two and which are undervalued for their sector cheaper than average then applied a number of risk analysis tools using a 3 year look back period You can see the top half of the list in the table I ve included the FTSE 350 Ex Investment Companie
10. press and hold down the CTRL key and click on other rows CTRL V To paste Position the mouse cursor over the number column s heading Come and Meet Us We will be exhibiting at two shows this Autumn First up is the London Investor Show on Friday October 21st at Olympia Register at www londoninvestorshow com and use the voucher code ShareScope to get a free ticket and free access to a workshop worth 50 We will also be at the World Money Show on the 11 12th of November at the QEII Conference Centre in Westminster For more information please click here text from individual cells single or multiple rows single columns or the whole table Note you need to have the Number column added to your table If you copy more than one row of data from a table the column headings will also be copied Now if you really want to show off your copying and pasting skills select a cell keep the left mouse button pressed and click the right mouse button This works as a one handed CTRL C command Feel free to share your graphs portfolio s performance or the company x details of that bargain stock with your friends and family or post E W them on our Facebook page Remember you can call Phil Richard Gerardo or me for help with setting up any of these features User Manual We are in the process of compiling an up to date user manual for ShareScope This is a work in progress but we are uploadi
11. risk Of course this is just a starting point you ll need to do your due diligence on any prospective investments It is also worth pointing out that there are a lot of variables involved with risk analysis and results can sometimes be misleading For example if over three years a share is up 10 down 90 up 200 then the mean return is 40 even though the instrument is down around 66 The calculations in this table are based on the weighted price of the last 36 months and then annualised Using fewer data points 3 years say instead of 36 months will decrease the accuracy Likewise using the average typical or weighted price of the period will be more representative of the price action during the period than using a single price Underlying all risk metrics is the assumption that the future will be similar to the past Although this is not always true it is still a reasonable best guess A high volatility share is unlikely to suddenly become sedentary and a stable company like a utility is unlikely to suddenly become highly volatile Although risk cannot be eliminated it can be sensibly assessed To use these tools right click in a column heading and select Add Risk Analysis Column 3Y 3Y Mean Active Active Return Yield Sharpe Sortino Ratio Ratio Return Deviation 20 86 0 1211 0 1809 23 63 0 0656 0 0901 0 095 0 1295 29 62 a ra o e o 0 0435 0 0567 23 14 0 0183 0 024 0 0067 0 0
12. s index for comparison Mean Return calculates the average annualised return that the share has generated Over three years seven of the shares boast a mean return better than that of the index Return Deviation gives us a measurement of how uncertain that return is We expect to receive a higher return for taking more risk Compare Kier Vodafone and Legal amp General in the table their returns are similar but Vodafone s is significantly less risky Of course performance is best interpreted when compared to a relevant benchmark The Mean Active Return does just this As an example if the mean return of the share is 5 and that of the index is 2 then the mean active return of the share is 3 It is a measure of out performance or under performance have used the FTSE 350 Ex Investment Companies as the benchmark Again the Mean Active Return Deviation measures the riskiness of this outperformance It s also called the tracking error have focused on high yielding stocks for a reason The good thing about high yielders is that even if they track or slightly underperform the index your portfolio is still making money ignoring the effects of inflation for now These metrics don t take into account dividends so it is giving us a list of high yielders that have also out performed the index Subtract the yield of the index 3 65 as write from the yield of each share for the complete picture A simp
13. s is equal to output 0 data 0 high data 0 low output 1 data 1 high data 1 low output 2 data 2 high data 2 low and so on for every period on the graph The final line of code simply returns the output array back to ShareScope so it can draw the indicator on the graph ShareScope will draw the indicator below the graph if the script is loaded via Add Indicator gt ShareScript Indicator or will overlay it over the main graph if the same script is loaded via Other Main Graph Features gt ShareScript Indicator hope this article will help you discover the joy of coding your own indicators If you d like to learn more you can download the easy to follow ShareScript user guides by clicking here Alternatively please feel free to call me on any of the Support numbers below SUPPORT Gold amp Plus 020 7749 8504 0845 045 0111 Pro 020 7749 8503 0845 456 0545 The 0845 numbers should be cheaper if you are calling from outside London on a landline
14. ze Data Mining Use wizard bo add amp edit criteria Mulki screen support Optional databases Do NGT show or update Unit Trusts US data InfoCentre options Settings Show price Show total return ShareScope will copy images to the clipboard Tick Copy as a bitmap to make it easier to paste images into Enable pop up data tips on all views C warn when loading layouts Copy as a vector image more Flexible Clipboard amp Export image size width so e Height oo Unit trust price history Lists Portfolios A A to the computer s clipboard and made available to be pasted into a word processor e mail program or presentation Just press CTRL V or use the application s Edit gt Paste options You can use the same CTRL C and CTRL V combination on the Company Details screen The whole screen will be copied and then pasted into your chosen destination It s in the List view that ShareScope really shows its flexibility You can copy Reset all Individual Cell Single Row to select it Multiple Consecutive rows Click on the first row s number press and hold Position the mouse cursor over the cell Position the mouse cursor over the row s number CTRL C To copy down the SHIFT key and click on the last row Multiple non consecutive rows Single Column heading Whole table Position the mouse cursor over the column s Click on the first row s number
Download Pdf Manuals
Related Search