Making stock comparisons is an important part of the investment process. It allows you to see how a stock fares against others in its category and can help you make more informed decisions about where to put your money. In this blog post, we will look at the best stock comparison tools available in 2022. We will break them down by category so that you can find the one that is right for your budget and investment style!
Types of stock comparison tools
In this guide, we will cover the following types of stock comparison tools:
- Fundamental analysis tools
- Technical analysis tools
- Stock screeners
- Stock market overview tools
Fundamental analysis tools
The first type of stock comparison tool we will look at is fundamental analysis tools. These are used to compare a company's financials, such as its earnings, revenue, expenses, and key metrics such as ROIC, free cash flow per share, etc. This can give you a good idea of how well a company is doing financially and whether or not it is a good investment.
Technical analysis tools
The next type of stock comparison tool we will look at is technical analysis tools. These are used to compare a stock's price movements to see if there is a trend. This can help you predict where a stock's price is headed and make better investment decisions.
The third type of stock comparison tool we will look at is stock screeners. These are used to filter stocks by specific criteria, such as price, market capitalization, ROE, and sector, among hundreds of others. This can help you find stocks that meet your unique investment criteria (see a dedicated guide on the best stock screeners).
Stock market overview tools
The fourth and final type of stock comparison tool we will look at is stock market overview tools. These are used to get an overview of the stock market, access market news, data, and see how different stocks or sectors are performing. This can help you understand the broader macroeconomic conditions of the stock market and adjust your portfolio accordingly.
StockRover: Best fundamental stock research web platform
StockRover is a very powerful tool for fundamental stock research that allows you to dig deep into the fundamentals and compare multiple stocks across hundreds of key metrics.
The data coverage is extensive, including many valuable advanced indicators like Piotroski F-Score, Altman-Z score, along with the classic profitability, dividend, and analyst ratings.
The stock screener is one of the best out there, with a lot of customization options available so you can look at precisely the data you want for hundreds of companies at once.
StockRover is an excellent option for advanced investors that are serious about fundamental investing and have experience doing extensive fundamental analysis and working with complex platforms.
The main downside of using StockRover is that the pricing starts at $7.99 per month, which can be a high price for individual investors, and also that it's not very user-friendly, making it complicated to use for different types of analysis.
TradingView: Best free screener and charting web application
TradingView offers a phenomenal free screen you can access on their website. The screener is user-friendly and flexible. You can add and remove columns based on fundamental and technical factors that can help you find valuable stocks to invest in across all major global stock exchanges.
If you are a fan of technical analysis, you can also take advantage of their charting capabilities which are advanced and straightforward to use. More importantly, for each stock, you can find stock technical analysis posted by the community, which can help sanity check your assumptions and make sure you are on the right track.
The downside of TradingView is that the best features are reserved for paid customers, where the lowest subscription tier starts at $14.95 per month.
TrendSpider: Best technical analysis mobile and web platform
TrendSpider is widely considered the best technical analysis platform on mobile via their app as well as the web, and it's not without reason.
The software is uniquely built to include advanced charting capabilities such as identifying trendlines, support levels, and the ability to set alerts based on specified criteria.
The backtesting function is one of the most accurate and advanced, which allows you to test your trading strategies with past market data and analyze the performance of your strategies.
For active technical traders, this is the best option to consider the main downside is the steep price which starts at $39 per month.
Finviz: Best free stock market overview web platform
Finviz is one of the most popular websites for stock investing. The platform offers useful information such as maps of the biggest losers and gainers by sector.
The website also offers a comprehensive screener you can use for free with many valuable fundamental indicators.
The news offered on the website are also helpful as they are a compilation of the most relevant news from multiple sources.
Overall the website is easy to use and intuitive the main downside is the $24.96 per month cost, which enables the most powerful capabilities the platform has to offer, such as backtesting, real-time data, etc.
Seeking Alpha: Best free stock analysis comparison platform
Seeking Alpha is one of the best hubs for news and expert due diligence analysis on stocks. You can easily browse through hundreds of curated articles, due diligence analyses on almost any stock you can think of. This is helpful in finding valuable investment ideas you can research further.
What is less known about the platform is that it offers the ability to compare companies across key metrics and ratings that are based on information such as recent earning results, news, etc.
Even if you are a beginner, it is worth checking out the website to learn how experts analyze companies and investment opportunities.
The main downside is the fact that the best stock analysis articles and metrics are blocked and only available to paid customers where the subscription starts at $19.99 per month.
Wisesheets: Best spreadsheet stock comparison tool
Wisesheets is the best stock comparison tool for spreadsheet lovers. With Wisesheets, you can get all financial statements, key metrics, and growth metrics in one click formatted for your spreadsheet.
Most importantly, you can access hundreds of fundamentals using spreadsheet functions that allow you to compare multiple stocks in any way you'd like.
For the best experience, you can use pre-made templates built by the community, so all you have to do is make a few changes and get the insights you need to grow your portfolio. You can access all of these features and more for only $60 per year.
The main downside of Wisesheets is that ist currently only available as an add-on on Excel and Google Sheets.
How to choose the best stock comparison tool for you
The best stock comparison tool for you depends on your needs and investment style. If you are a beginner, then a free platform such as Finviz or TradingView might be a good place to start.
If you are more experienced, then a paid platform such as TrendSpider, StockRover, or Wisesheets might be a better fit as they offer more features and customization options.
At the end of the day, the best stock comparison tool is the one that helps you make the best investment decisions for your portfolio.
Do you have a favorite stock comparison tool? Let us know in the comments below 👇