If you're looking for a GuruFocus alternative, then you've come to the right place! Spreadsheet stock analysis can be a daunting task, but it doesn't have to be. In this blog post, we will show you how to use Wisesheets, our spreadsheet stock plugin, to make the process easier than ever before. All of this in a simpler way than GuruFocus and only at a fraction of the price. We'll also provide tips and tricks to help take your stock analysis to the next level. So let's get to do it!
What is stock analysis, and how can tools help you with this process?
Stock analysis is the process of reviewing a company's financial statements and key metrics in order to make investment decisions. This can be a complex and time-consuming task, but there are a few key things that you can look for that will help simplify the process. The first thing you want to do is find a company with strong fundamentals. This means that they have a solid business model, a strong management team, and a history of profitability. Once you've found a company with strong fundamentals, the next step is to look at their financial statements. You want to pay attention to things like revenue growth, earnings per share (EPS), and net income. These are all important indicators of a company's health and future prospects.
Once you've reviewed a company's financials, the next step is to research their competitive landscape. This means looking at things like their market share, competitive advantages, and any potential threats that they may face. After you've done all of this research, you should have a good idea of whether or not a company is a good investment. If you're still not sure, there are a few other things you can look at, like their price-to-earnings ratio (P/E), their debt-to-equity ratio (D/E), and their return on equity (ROE). These important financial ratios will help you make a more informed investment decision.
The importance of stock analysis tools
Stock analysis tools help you simplify the process of stock analysis by providing you with easy-to-use templates and models. They also help you save time by automating some of the more tedious tasks, like data entry and calculations. Although you can find investment opportunities by manually copy-pasting data into your spreadsheet and then performing analysis, this process is very inefficient as it only allows you to analyze a few companies, and only a small percentage may turn out to be good investment opportunities.
Stock analysis tools like Wisesheets and GuruFocus allow you to analyze hundreds and even thousands of stocks simultaneously so you can find a lot more investment opportunities faster. In addition, they also enable you to analyze stocks in a completely new way where with all the data, you can find patterns in sectors and industries that you would not be able to find if you were analyzing companies one at a time.
What is GuruFocus, and how it works?
GuruFocus is a stock market research platform that offers various tools to help you find valuable stocks to invest in faster. It offers a wide range of features, including a stock screener, fundamental analysis tools, and a backtesting tool. These tools can be accessed through their website or mobile app.
It also has a community where you can ask questions and get advice from other investors. GuruFocus is a subscription-based service, and the price depends on the type of subscription you choose; however it ranges from $499/year to $4,410.
Is there a GuruFocus alternative?
Wisesheets is a GuruFocus alternative that offers a lot of the same features at a fraction of the price. In addition, Wisesheets is specifically powerful if you want to analyze stocks on Excel or Google Sheets, where you can tailor your analysis however you want.
Amongst the many things you can do with Wisesheets, here are some of the highlights.
Statement dump
This function allows you to analyze stocks at a deeper level faster. By simply entering the company's ticker or name, you can instantly select annual or quarterly data and get the stock's income statement, balance sheet, cash flow statement, key metrics, and growth metrics in different tabs of your spreadsheet.
This allows you to identify trends and create reports and visualizations that allow you to generate high-level insights about a stock.
WISE function
Instead of getting a lot of stock data at once, you can get only the data you want and build any type of stock model, such as a DCF or screener, right on your spreadsheet. This works by entering the company ticker, parameter, and period into the function, and Wisesheets handles the rest.
This allows you to compare hundreds of companies across fundamentals and key metrics in one view.
WISEPRICE function
The WISEPIRCE function provides you with key stock data such as dividend payments, historical price data, and real-time price data. By entering the ticker and parameter, you can get started getting real-time stock data for 50,000+ stocks and ETFs worldwide. Then, whenever you'd like, you can press the refresh button, and the data will automatically refresh for you.
With this function, you can track thousands of stocks simultaneously and find investment-worthy opportunities leveraging dividend data, historical price data, and real-time stock information.
Wise Templates
It takes time to know how to make the most of the WISE and WISEPRICE functions and apply them in Excel. However, using Wise templates, you can find pre-made stock templates that you can use immediately. So whether you are looking to compare companies across key metrics, perform a DCF, track many stocks in real-time, analyze historical dividend payments or visualize company fundamentals, you can do it in one click by firing up a template.
Once you select the template of your choice, you simply change something like the company ticker and automatically see the template update with all the data you need.
GuruFocus vs Wisesheets pros and cons
Now that we have looked at both GuruFocus and Wisesheets in detail let's compare their pros and cons side by side.
GuruFocus
Pros:
- Offers a wide range of features
- Fundamental analysis tools
- Backtesting tool
- Mobile app
- Web platform
- Stock ratings and dashboards
Cons:
- Expensive for individual investors, with prices ranging from $499 per year to $4,410
- Complicated to use for new investors
- Pricing based on exchanges data
- Limited number of data requests per price tier
Wisesheets
Pros:
- Offers a lot of the same features at only $60/year
- Specially powerful if you want to analyze stocks on Excel or Google Sheets
- Unlimited number of data queries
- Free pre-made stock analysis templates
- Real-time data access
- 50+ global exchanges covered
Cons:
- No mobile app yet
- Available only through excel and google sheets
- Limited backtesting capabilities
So there you have it, a detailed look at two of the most popular stock analysis platforms on the market today.
How to choose between GuruFocus and Wisesheets?
Well, that depends on what you are looking for. GuruFocus is a great platform for fundamental analysis. It offers a wide range of features, while Wisesheets excels at analyzing stocks on Excel or Google Sheets and has real-time data access. If you are a beginner investor, Wisesheets might be the better choice as they are less expensive and easier to use. On the other hand, experienced investors might prefer GuruFocus for its backtesting capabilities and mobile app. One key aspect to keep in mind is your budget, as GuruFocus is significantly more expensive than Wisesheets.
In the end, the best platform for you will depend on your individual needs and preferences. We hope this article has helped you make a more informed decision about which platform is right for you.
Happy investing!
