Has there been any talk of Stockopedia giving paid subscribers access to 10 years of financials in the StockReport? Morningstar, GuruFocus, CapitalIQ, and Reuters all do this. You need at least 10 years to get a good picture of how a given company's stock behaves in a downturn or in a financial event.
.JPG)
We can go back about 5 years by using the Print button on each stock report and accounts page to see a pdf of what that page looked like in previous months.
That just is not very convenient. On many of these sites you can download 10 to 30 year financials to Excel and then work with all of that data in a consistent layout and format. I think Stockopedia should support both a 10 year timeframe and an Excel data download.
Why don't you suggest it? Maybe it's already been requested. I know they are working a major revamp at the moment. Believe the historical data will be available more readily than just a monthly print.
Hi Herbie,
Do you know what changes they're going to make? The ability to run backtests is sorely missing in my opinion.
Dodge
No I'm sorry I don't know. Best to contact Edward or support at Stockopedia.
You can also suggest improvements.
Including more data in the analysis of a company must be better or must it?
Given the rate at which the world and markets change and also the rate at which people change company these days, while it may give a feeling of comfort to Include more data I think we are kidding ourselves that it helps predict the future. The company that weathered a downturn ten years ago very well may well be a different animal today.
@Graham, for cyclical companies you often learn the typical valuations they hit during a recession or period where earnings disappear. That can be very useful to understanding future behavior. I have seen this work for commodity companies as well.
I recently did a 21-year analysis of Amazon.com. You would think that the business was constantly changing and what could you learn from 21 years of data. But one of the takeaways from that was that Amazon had some recurring patterns. Since Amazon perpetually lost money, I created artificial earnings by assuming that eventually, they would have a profit after tax of 5%. I took 5% of revenues as their earnings each year. With each year's earnings and year-end stock price, I calculated using a DCF calculator how much growth the market was expecting from Amazon, on a compounded 10-year basis in order to achieve that stock price. What was amazing was that in the 21-year history, consistently Amazon was a buy when the stock price and earnings implied less than a 20% compound growth rate. Amazon was a sell when the stock price and earnings implied greater than a 30% compound growth rate. In spite of wild swings in the share price, the actual implied growth rates were constrained to between 16% and 32%.
If you have a lot of data and you are willing to work with it, you can find useful patterns.
