Chaikin Analytics User Guide

Welcome

Welcome to the Chaikin Analytics WebApp User Guide

Overview

Chaikin Analytics Overview

Chaikin Analytics delivers industry-leading equity analytics which enables the serious investor to make informed buy/sell decisions based on Chaikin’s reliable and back-tested Chaikin Power Gauge Ratings, Signals, Industry “Power Bars” and other content available only to Chaikin subscribers.

The core of the system is the Chaikin Power Gauge Rating, which combines 20 fundamental, technical, and sentiment-based factors into a clear indication of a stock’s likelihood of outperforming or underperforming the market over an intermediate term horizon.

The service is available as an iPad app and WebApp. This is the User Guide for the WebApp (also known as “Chaikin Analytics for Desktop”, though it runs in a browser on desktop or laptop computers).

Key Features

With Chaikin Analytics you can:
  • Get reliable Chaikin Power Gauge Ratings on any stock or list.
  • See ETF constituents, history, and technical analytics.
  • Create unlimited custom watchlists.
  • See actionable trading Signals and important Alerts.
  • Work with Sectors, Subsectors, Industries, and major Indices.
  • Navigate through charts on any list, featuring industry-standard Chaikin indicators.
  • See Earnings Warnings, Surprises, and Estimate Revisions.
  • See integrated news headlines any U.S. stock.
  • Screen for stocks meeting your criteria, including Power Gauge Ratings and other proprietary analytics.
  • Download powerful research reports on over 5,000 U.S. equities, or a Portfolio Health Check on the stocks you care about.
  • Access Chaikin Insights for detailed market commentary and actionable stock ideas.

Getting Started

Device Requirements

The Chaikin Analytics WebApp runs on both Windows PCs and Macs, inside HTML5-compliant versions of the following browsers:

  • Microsoft Edge
  • Internet Explorer (IE 10 and above)
  • Chrome
  • Safari
  • Firefox

Windows Users: If your browser does not support HTML5 and upgrading it is not possible, Chaikin Analytics is available as a standalone application. Chaikin support staff can assist with downloading and installing this.

Permissioning

To use the Chaikin Analytics WebApp, you must have a username and password which are permissioned for Chaikin Analytics access.

To subscribe, visit chaikinanalytics.com/purchase.

Your username will be the email address you specify when you subscribe.

iPad subscribers can use their existing username and password with no extra permissioning or charge. Custom watchlists will be visible across both platforms.

Sign In

Visit app.chaikinanalytics.com, or launch the Chaikin Analytics application, and sign in with your username and password.

Login

Check “Remember Me” to have your password remembered across sessions.

Note: You may only have one session at a time. If you attempt to sign in a second time, your previous session will be signed out.

Reset or Forgot Password

If you forget your password or want to reset it, press “Reset Password.”

Forgot Password

Enter the email associated with your account and press “Reset Password.” An email will be sent to your address — follow the link to reset your password.

Press “Return to Sign In” to return to the Sign-in screen.

The Workspace

Overview

After signing in, you will see the Chaikin Analytics workspace which allows you to navigate between multiple watchlists, see quotes, Power Gauge Ratings, and Alerts for any watchlist, and drill down to a Chaikin chart designed to give you a quick, confident read on a stock’s potential.

Chaikin Analytics WebApp

Symbol Universe

Stocks. Chaikin provides quotes, historical data, Power Gauge Ratings, and fundamentals on approximately 4,500 U.S. equities, including all NYSE and NASDAQ listed stocks (except Bulletin Board and Pink Sheet stocks).

ETFs. Chaikin Analytics provide quotes, history, and technical analytics on all ETFs traded on NYSE or NASDAQ (around 1400), and constituents for long-only U.S. equity ETFs (around 500). ETFs have limited Fundamental data and do not currently have Ratings.

Intraday Prices. Prices are updated once per minute during the trading day, and do not require an exchange agreement. Prices come from the BATS electronic exchange, which generally tracks exchange prices to within approximately a minute.

Power Gauge Ratings. Power Gauge Ratings are calculated for any stock in the symbol universe with at least 1 calendar year of trading data, and valid values for at least 10 of the 20 model factors.

App Controls

Main Navigation

Chaikin Analytics WebApp

Select Workspace, Screener, or Sectors & ETFs to switch between views.

Nav bar Right

These icons control access to vital features, as described below.

Product Updates

Update Window

When you sign in, you will see any new Product Update messages from Chaikin, received since the last time you signed in. Expand and Collapse messages to read them, and press “Load Previous Messages” to see messages from the last 30 days. “Press “Done” to hide the window and stop it from showing the next time you sign in.

Message Center

Message Icon

Press the Message Center icon to see recent Product Update messages. If new messages have been received since you signed in, you will see a badge indicating the number of messages.

News Icon

Select a Message to view it in the Product Updates window.

Chaikin Insights

Insights

Access Chaikin Insights — Chaikin’s home for premium market commentary and actionable stock ideas, updated daily. This will open in a separate browser tab.

Product Resources

Product Resources

  • Getting Started. A ‘welcome sequence’ for beginning users including a Quick Tour and overview video.
  • Resource Center. Access to the Chaikin Analytics Resources page.
  • Webinars. Register for upcoming webinars or watch previously recorded ones.
  • Contact a Specialist. Call or email one of our dedicated support team, or schedule a one-on-one session.
  • User Guide, Terms, FAQs. Helpful information about the product.
  • Chaikin Power Gauge. Reference material on the Power Gauge Rating and its factors.
  • OptionsPlay. User Guide and video walkthru for OptionsPlay.

Username and Logout

Logout

Your Username is displayed near the right corner of the Main Controls area. Press the drop-down arrow and select “Logout” to end your Chaikin Analytics session.

Settings

Settings

Settings Menu

  • About. Chaikin Analytics version info.
  • Terms of Service. Legal details.
  • Import List. Import a list of tickers from an external source into Chaikin Analytics. See Importing a Watchlist for details.

Workspace Controls

Symbol Entry

Enter a ticker symbol or company name into the Symbol Entry Box to see matching results.

Press < Return > or click   to add a stock to a User List you are viewing (if you are not viewing a User List, pressing “+” will add the stock to your My Stocks list.)

Press the  icon to see a 1-year daily Chaikin chart of the stock.

Press ( ) or clear the text in the Symbol Entry Box to hide the results.

Markets Menu

The Markets Menu provides quick access to common Index ETFs. Select a symbol to see its composite quote and index constituents, in Panel View, sorted and colored by Percent Change for the day. This allows you to easily spot advancing and declining market activity in these indexes.

Quotes are updated once a minute during the trading day.

Sector & Subsector Views

Select S&P Sectors or S&P Subsectors to see the 9 SPDR Sector ETFs, or 20 SPDR Subsector ETFs (plus the SPY itself) in Panel View, colored by change for the day.

This is a great way to spot concentrations of overall market strength or weakness during the trading day.

View Buttons

Call Outs

Toggle between the Watchlist, Panel View, and Alerts View. These are described in the Watchlist section.

Reports

Reports

Press the Reports button to see:

  • A Chaikin Power Gauge Report for the currently charted stock.
  • A Chaikin Portfolio Health Check report for the active list.

These will open as separate tabs in your browser, and can be downloaded as PDFs for printing or emailing. Reports are described more fully in the Reports section.

Power Gauge Rating

Overview

Power Arcs

The Chaikin Power Gauge Rating (PGR) is the core of the Chaikin Analytics system. It combines 20 factors into a simple, reliable indication of a stock’s potential performance relative to the market over the next 1-6 months. It is supported by 10 years of independent backtesting and 5 years of successful real-world performance.

The model looks at the following components:

  • Financial Metrics
  • Earnings Performance
  • Price/Volume Activity
  • Expert Opinions.

The rating ranges from Very Bearish (likely to underperform) to Very Bullish (likely to outperform).

How is it computed

Each market day, a Power Gauge Rating is computed for all stocks in the system which have at least one year of trading history and report earnings. Recent IPOs and ETFs will not have a Power Gauge Rating.

Twenty factors are weighted and combined into a daily PGR value. The end-of-week rating is stored as the historical value for the week.

The model is designed so that in non-trending markets there will be a consistent percentage of stocks with each rating at any given time. In strongly trending markets there may be more Bullish or Bearish stocks.

Calculations are performed by our portfolio modeling provider, portfolio123.com, which sources data from S&P Compustat.

How Do I use it

Since it includes so many key technical and fundamental metrics, the PGR can be an important building block in a Buy/Sell evaluation.

In short, the easiest way to benefit from the PGR is: consider buying or holding Bullish stocks, and avoiding Bearish stocks.

Of course, any investment decision depends on many factors, including suitability relative to your financial goals. The PGR should not be used in isolation — you may want to consider other factors such as Industry Group strength and timing, which Chaikin Analytics Signals are designed to assist with.

Components and Factors

The following are the 20 Power Gauge Factors, grouped into 4 top-level Components.

Chaikin Analytics WebApp

These can be seen by expanding the chart header.

Each Factor starts with a raw value which is normalized for consistency across different types of stocks, then given a 1-100 score reflecting its relative rank within the comparison universe (either the Russell 3000 or the stock’s Industry Group). Factors have been selected for their predictive value and lack of covariance.

Factors are combined with a proprietary weighting system into a raw rating, which is adjusted for strongly trending stocks to arrive at a final Power Gauge Rating.

Note. Factors in the Earnings and Experts Components are based on data from S&P Compustat. Earnings and Estimate values displayed in the Chaikin Analytics application are sourced from Zacks Investment Research. Both are industry-leading providers, however they use different methodologies. See the Earnings section for more detail.

Raw Power Gauge Rating

Factors are combined with a proprietary weighting system into a score which is ranked across the Russell 3000. This ranking is turned into a “raw” rating by dividing the universe into 7 equal parts, or “septiles” and assigning into “rating buckets” as follows:

Septile Raw Rating
1 Very Bullish
2, 3 Bullish
4, 5 Neutral
6 Bearish
7 Very Bearish

This rating indicates a stock’s likely performance relative to the Russell 3000 over an intermediate time frame (1-6 months). Independent backtesting has confirmed the correlation between the Power Gauge Rating and relative performance at 1, 3, and 6 month intervals, in real-world performance as well as during test periods with known data.

Distribution of Ratings

Raw Power Gauge Ratings for Russell 3000 stocks have a consistent distribution at any given time.

The process is run separately on the broader 5,000 stock universe to determine Power Gauge Ratings for approximately 2,000 small cap stocks not in the Russell 3000. This is done so the very small cap stocks do not distort the rankings of the Russell 3000 stocks.

Technical Overlay

As a final step, the raw Rating may be adjusted to account for strongly trending stocks by applying a “technical overlay”, which can clip the Rating to “Neutral+” or “Neutral-“.

If a Very Bullish or Bullish stock closes below its long-term trend (the 200-day double-exponential average, or orange line on the Chaikin chart), the Power Gauge Rating will be clipped to Neutral+. The Bullish rating will be restored once the stock closes back above this line, assuming the raw Rating remains Bullish.

Conversely, If a Very Bearish or Bearish stock crosses above its long-term trend, the Power Gauge Rating will be clipped to Neutral-. The Bearish rating will be restored once the stock closes back below this line, assuming the raw Rating remains Bearish.

The overlay is applied when the raw Rating does not agree with the actual technical condition of the stock, as this indicates there may be some information driving the market which the model has not factored in yet.

When a Bullish Stock crosses below its long-term trend, it is at higher risk for a breakdown. By clipping to Neutral +, this is like applying a circuit breaker – it lowers the risk of the model, and reduces volatility in your returns if you are following the model, until price activity agrees with the Rating again, when the confidence level of the Rating is higher.

This allows the Chaikin Power Gauge model to respond to overall market trends: at times when many stocks are breaking down, the overall distribution of ratings will skew Bearish, and in times when many stocks are breaking out, rating distribution will Bullish.

Exception. A Bearish stock which closes above its long-term trend will remain Bearish if DEMA is falling.

Finding Stocks

Power Gauge Hot Lists provide predefined lists of Bullish, Bearish, and recently changed stocks.

The Screener provides a very flexible interface for finding stocks which meet Power Gauge criteria, combined with Industry, Technical, and other information.

The Sectors & ETFs view shows Sectors, Sub-sectors, and ETFs along with their constituent stocks and is another great way to find candidates.

Signals

Overview

Chaikin Analytics provides 6 pairs of Buy & Sell Signals which are updated nightly.

Signal Description
Oversold Buy/Overbought Sell Stocks at potential short-term reversal points.
Momentum Breakout/Breakdown Stocks which have broken out of a trading band with momentum likely to continue.
Reversal Buy/Sell Stocks reversing direction relative to the market, with momentum likely to continue.
Money Flow Buy/Sell Stocks with strong money flow and short-term momentum likely to continue.
Relative Strength Buy/Sell Stocks outperforming (or underperforming) the market, with momentum likely to continue.
Rel. Strength Breakout/Breakdown Strong (or weak) stocks which have started to outperform (or underperform) the market.

Notes on Signal Calculations:

  • Signals are computed after each trading day when new closing data is received, generally by 11:30pm EST each weeknight. They do not change intraday.
  • Calculations are based on market data and Power Gauge Ratings at the time of calculation, and are valid until the next trading day’s closing data is received.
  • Ratings are updated before the following open and may change after Signals are calculated.
  • ETFs may only trigger Relative Strength Signals.

Definitions

Buy and Sell Signals in the Chaikin Analytics system. Signals are defined by a triggering event plus supporting conditions. Key conditions are noted – other filter criteria are included to improve the effectiveness of each Signal.

List Navigator

Overview

Press ( ) to show or hide the List Navigator, which shows all lists in the Chaikin system grouped by Category. Click on a Category to expand or collapse it. Press ( ) to expand the List Navigator to see Power Bars for each list.

Sorting Lists

By default, lists within each category are sorted Strongest to Weakest by Rating. Press  to sort alphabetically, and  to sort by Rating again. (See the Industry Group section for more detail).

User Lists

The User Lists category will show any custom lists you’ve created on either iPad or Desktop, or imported via the List Importer. Changes will be synced across platforms.

You can save any list of stocks generated by the Screener as a User List

New List

Chaikin Analytics WebApp

To create a new list, press “New List” and type the list name into the entry box.

To begin adding stocks to your list, just enter the symbol or company name into the Symbol Entry Box and press “+” to add a stock to your list.

Edit List Properties

To rename a User List, press , and enter the new name.

You can make any User list your default. The default list will automatically load after you log in, with its first stock displayed in the chart. Your Default list will always sort to the top of your User Lists.

Delete List

To delete a User List, press ( ). You cannot delete your My Stocks list.

Industries

Chaikin Analytics provides 62 Industry Groups, supplied by Zacks Investment Research.

Industry “Power Bars”

You can use Chaikin Analytics to easily identify strong and weak Industry Groups. Hover over the category name (“Industries”) and click the arrow to expand the List Navigator.

Industry Bars

You will now see “Power Bars” showing the breakdown of stocks with Bullish, Neutral, and Bearish Power Gauge Ratings for each Industry. Industry Rating essentially looks at Bullish stocks as a percentage of total rated stocks in a group, and is calculated as follows:

Industry Rating = #Green-#Red/(#Green+#Red+#Neutral)

Since individual stock Ratings indicate likely relative stock performance, the position of an Industry in this list can indicate the likely relative performance of the Group as a whole.

Chaikin encourages investing in strong stocks in strong Industry Groups. Looping through Very Bullish stocks in strong groups is one way to use the Chaikin system to find promising buy candidates. In the example above, the Oil-Integrated group has 12 Bullish stocks, 16 Neutral, and 0 Bearish stocks. This indicates the Oil-Integrated group is likely to outperform the overall market.

Note: No special adjustment is made for Groups with very few stocks in them.

Indices

Chaikin provides constituent lists for the following ETFs which track major Indices:

List Ticker Description
DOW30 DIA SPDR Dow Jones Industrial Average ETF
NASDAQ 100 QQQ Powershares Nasdaq 100 ETF
SP100 OEF iShares SP 100 ETF
SP400 Midcap MDY SPDR SP 400 MidCap ETF
SP500 SPY SPDR SP 500 ETF
SP600 SmallCap SLY SPDR SP 600 SmallCap ETF

We also provide 3 Nasdaq/Chaikin Indices:

NQDACHK Nasdaq/Chaikin Dividend Achievers Index
NQULCHK Nasdaq/Chaikin Large Cap Index
NQUSCHK Nasdaq/Chaikin Small Cap Index

ETFs

Chaikin Analytics provides history for over 1500 Exchange-Traded Funds (ETFs) listed on the NYSE or NASDAQ. Long-only ETFs comprised of U.S. equities are grouped into Categories, by Sector and Style, enabling you to compare ETFs with similar investment objectives.

  • By Sector: SPDR Sectors, SPDR Subsectors, Communications, Consumer Discretionary, Consumer Staples, Energy, Financial, Health Care, Industrials, Materials, Real Estate, Technology, Utilities.
  • By Style: Large Cap Growth, Large Cap Value, Large Cap Blend, Mid Cap Growth, Mid Cap Value, Mid Cap Blend, Small Cap Growth, Small Cap Value, Small Cap Blend, Strategy ETFs, Dividend Yield ETFs, Leveraged ETFs, Inverse ETFs.

Expand a Category to see the ETFs within it. Select an ETF to view its constituents in the Watchlist.

ETF constituents are updated daily.

Ranking ETFs within a Category

Expand the List Navigator to see “Power Bars” for the current ETF Category. ETFs will be ranked strongest to weakest, showing which have the highest percentage of Bullish stocks. This can be a very useful tool when choosing between ETFs with a particular Style or Sector focus.

At the top of the List Navigator, press  to sort the current section alphabetically and  to sort Strongest to Weakest.

Chaikin Hot Lists

Chaikin Analytics WebApp

Chaikin provides various types of Hot Lists as a source of potential investment ideas. Some are automatically calculated, and some are curated manually, as described below. The investor should always carefully apply their own selection criteria before deciding to take a position in any names.

Featured Bulls & Bears

Featured Bulls & Bears provide direct access to the highest-quality long and short ideas in the Chaikin system, identifying powerful patterns emphasized in the “Chaikin Investment Approach”.

These are illustrated in the Finding Longs and Shorts with Chaikin document, in PDF form.

Classic Bulls & Bears

These answer the question “How do I find the best of the many Very Bullish and Very Bearish stocks in the system at any given time?”

Classic Bulls look for stocks which have had strong intermediate-term upside momentum which is likely to continue.

AMWD – Classic Bull example.

Inclusion Criteria
  • Very Bullish Power Gauge Rating
  • Strong Industry
  • Strong intermediate-term performance
  • Not yet overextended
  • Strong Chaikin Money Flow
  • Strong Relative Strength
  • Persistency of Bullish Rating

Classic Bears look for stocks which have had intermediate-term downside momentum which is likely to continue.

CNX – Classic Bear example.

Inclusion Criteria
  • Very Bearish Power Gauge Rating
  • Weak Industry
  • Weak intermediate-term performance
  • Not yet broken down too far
  • Weak Chaikin Money Flow
  • Weak Relative Strength
  • Persistency of Bearish Rating

Certain status and quality criteria must be met, and a maximum of 10 stocks in any individual Industry Group is enforced.

These lists are generated at the beginning of each week, with stocks that no longer meet the criteria weeded out daily.

Bullish & Bearish Turnarounds

These are stocks which have had upside or downside momentum, with a sustainable reversal. They attempt to identify stocks (longs or shorts) earlier in their moves, where the Power Gauge may not yet indicate this. Of course, these should be approached with more consideration and with appropriate stoplosses.

Bullish Turnarounds are stocks which have been have been out of favor, have made a base, and have given an indication of a sustainable upside reversal. These can be rated Bullish or Neutral, and there is no filter on Industry Group.

A Bullish Turnaround

Inclusion Criteria
  • 1 – Weak Intermediate-term performance with:

    • Bearish Power Gauge Rating
    • Weak Chaikin Money Flow
  • 2 – Power Gauge Rating becomes Bullish or Neutral

    • Stock crosses over its long-term trend OR
    • Relative Strength turns positive OR rises
    • Chaikin Money Flow becomes strong
    • Stock not yet too far above long-term trend

Bearish Turnarounds are stocks which have had strong intermediate-term performance, which have begun to reverse to the downside.

A Bearish Turnaround

These may be stocks which have broken down below their long-term trend, or which have retraced from a significant intermediate-term high. These must be Bearish stocks and may be in any Industry Group. While Bullish Turnarounds require more confirmation that a reversal is in progress, Bearish Turnarounds attempt to identify stocks earlier in a move, as downside reversals tend to occur more quickly and steeply than upside reversals.

Inclusion Criteria

1 – Strong intermediate-term performance with:

  • Bullish Power Gauge Rating
  • Strong Chaikin Money Flow

2 – Power Gauge Rating turns Bearish

    >

  • Stock crosses over its long-term trend OR
  • Retraces from intermediate-term high
  • Chaikin Money Flow becomes Weak
  • Relative Strength turns negative or falls
  • Chaikin Money Flow turns weak
  • Stock not yet too far below long-term trend

Bullish & Bearish Turnarounds are meant to identify reversals as they are occurring, and are updated every day.

Certain status and quality criteria must be met.

Signals

Hot Lists for each of the 6 pairs of Chaikin Buy/Sell Signals. (Updated daily.)

  • Oversold Buys/Overbought Sells
  • Money Flow Buy/Sells
  • Momentum Breakout/Breakdowns
  • Reversal Buy/Sells
  • Rel Strength Buy/Sells
  • Rel Strength Breakout/Breakdowns

Signal Hot Lists include all stocks with a Signal active today with valid Chaikin Power Gauge Rating today and 12 weeks ago.

  • All Bullish Buys. Bullish and Very Bullish stocks with a Chaikin Buy Signal today, filtered for quality.
  • All Bearish Sells. Bearish and Very Bearish stocks with a Chaikin Sell Signal today, filtered for quality.
  • All Signals. All stocks with a Chaikin Buy or Sell Signal today.

Detail on Signal calculations can be found in the Signals section.

Indicator Hot Lists

Up to 20 stocks with Strongest and Weakest Money Flow Persistency and Relative Strength. (Updated daily.)

  • MF Persistency Strongest. Strongest stocks by 120-day Persistency of Chaikin Money Flow.
  • MF Persistency Weakest. Weakest stocks by 120-day Persistency of Chaikin Money Flow.
  • Rel Strength Strongest. Strongest stocks by Chaikin Relative Strength.
  • Note: These are momentum stocks likely to have had significant moves, and should not necessarily be considered immediate Buy candidates without other confirming indications.
  • Rel Strength Weakest. Strongest stocks by Chaikin Relative Strength.

Inclusion Criteria

    1. Only look at Active stocks with valid Power Gauge Rating today and 12 weeks ago.
    2. Stock must pass system Global Filter criteria:
      • Close > 3
      • AvgVol20 > 25000
      • MktCap > 50 million
    3. Apply rules to balance Large Cap (> $10 billion Market Cap), MidCap ($1b-$10b), and Small Cap (< $1b) names.

Power Gauge Hot Lists

All of the following are updated daily.

  • All Bullish Stocks. All stocks with a current Power Gauge Rating of Bullish or Very Bullish.
  • All Bearish Stocks. All stocks with a current Power Gauge Rating of Bearish or Very Bearish.
  • Turned Bullish This Week. Stocks which have become Bullish or Very Bullish since the end of the previous trading week.
  • Turned Bearish This Week. Stocks which have become Bearish or Very Bearish since the end of the previous trading week.
  • Very Bullish Stocks. All stocks with a current Power Gauge Rating of Very Bullish.
  • Very Bearish Stocks. All stocks with a current Power Gauge Rating of Very Bearish.

Factor Mover Hot Lists

Up to 20 stocks with significant positive and negative recent changes in important Power Gauge factors (Updated daily.)

  • Analyst Rating Trend Gainers/Losers. Stocks with largest positive or negative changes in Analyst Rating Trend factor since the end of the previous trading week.
  • Earnings Estimate Gainers/Losers. Stocks with largest positive or negative changes in Earnings Estimate Trend factor since the end of the previous trading week.
  • Insider Activity Gainers/Losers. Stocks with largest positive or negative changes in Insider Activity factor since the end of the previous trading week.
  • Short Interest Gainers/Losers. Stocks with largest positive or negative changes in Short Interest factor over the previous month.

Inclusion Criteria

    1. Only look at Active stocks with valid Power Gauge Rating today and 12 weeks ago.
    2. Stock must pass system Global Filter criteria:
      • Close > 3
      • AvgVol20 > 25000
      • MktCap > 50 million
    3. Only include stocks with a valid factor value today and end of prior calendar week.
    4. Include up to 20 stocks with the biggest gain/loss in the specified factor since end of last calendar week, where:
      • Positive change > 20 points in factor value, with current value > 60.
      • Negative change < -20 points in factor value, with current value < 40.

Earnings Hot Lists
  • Bullish/Bearish Estimate Revisions. Stocks with Bullish or Bearish Estimate Revision Alerts today (Updated daily.)
  • Bullish/Bearish Earnings Surprises. Stocks with Bullish or Bearish Earnings Surprise Alerts today (Updated daily.)
  • Upcoming Earnings Ideas. Selected stocks reporting Earnings this week (Updated Sundays.)

More detail on Alerts can be found in the Alerts section.

Other Hot Lists
  • Canadian Interlisted. US stocks also listed on the Toronto Stock Exchange. Does not include ‘venture stocks’. (Updated quarterly).
  • Chaikin Low Beta Growth UIT. Unit Investment Trust portfolio of low-Beta growth stocks selected based on Chaikin methodology, for 1-year performance from December 2015.
  • Chaikin Recent Bulls / Bears. Bullish or Bearish stocks mentioned in recent Chaikin Market Insights commentary. (Updated weekly.)
  • Closed End Funds. US-listed Closed-End Funds.
  • Dividend Champs. Selected stocks with a recent history of high dividend yields. Can be used as a starter universe for a yield-based strategy. (Updated quarterly.)
  • ETFs – Top 100. Top 100 Exchange-Traded Funds by Volume (Updated monthly.)
  • ETNs. US-listed Exchange Traded Notes.
  • Master Limited Partnerships. Publicly traded holding companies in real estate, natural resources, and commodities.

Watchlist

Overview

The Watchlist shows you the Power Gauge Rating, Last, Change, Buy/Sell Signals, and Earnings Alerts for any list of stocks. Select any list in the List Navigator to display it in the Watchlist.

Use the View buttons above to toggle between the Watchlist, Panel View, and Alerts View.

By default, when you select a list in Watchlist View, stocks will be sorted by Power Gauge Rating, from strongest to weakest, with micro-cap and illiquid stocks filtered from view.

You can Import and Export lists, drag and drop symbols, or cut and paste into any User list or external application, such as Excel or Word.

Watchlist

Chaikin Analytics WebApp

Panel View

At the top of both views, you’ll see a Title Bar showing the List Name, a “Power Bar” indicating the number of Bullish/Neutral/Bearish stocks in the list, as well as the Global Filter Chaikin Analytics WebApp , Alerts   and Signal Filter   icons.

In the Watchlist, select any stock to chart it. Press the Up/Down Arrow keys to move through stocks. Charts will automatically load as you move through the list.

In Panel View, double-click a stock to chart it.

Alerts View

The Alerts View shows the Buy and Sell Signals and other Alerts that have triggered for the selected list. Double-click an alert to chart its stock or ETF.

Composite Chart

If an Index or ETF is selected from the List Navigator, a icon will appear. Press this to see a 1-year historical Chart, featuring the same indicators as you would see for a standard equity chart.

Chaikin Analytics WebApp

Adding and Deleting Symbols

You can edit the contents of a User List directly in the Watchlist window or Panel View.

To add a stock, enter a ticker symbol or company name into the symbol entry box and press [+]. If you are not currently viewing a User List, this action will add the stock to your Default list.

To delete a stock, hover over it in the Watchlist and press ( ), or press the Delete key.

Sorting the Watchlist

Chaikin Analytics WebApp

When you select a list in Watchlist View, by default, stocks will be sorted by Power Gauge Rating, from Very Bullish to Very Bearish (within each Rating, stocks will sort alphabetically).

  • Press “Symbol” to sort alphabetically, once for ascending, again for descending.
  • Press “Signal” to sort stocks with Signals today to the top of the Watchlist – once for Buy Signals on top, again for Sell Signals on top.
  • Press “Rating” to sort the list by Power Gauge Rating – once for strongest on top, again for weakest on top.

Sorting Panel View

Gainers on Top

When you select a list in Panel View stocks will sort by today’s Percent Change by default, with biggest gainers on top in green, and biggest losers at bottom in red.

Select from the Sort By menu to sort by Rating, Symbol, Signal, or Pct Change.

Data Display


Each stock shows Power Gauge Rating, Symbol, Last, Daily Change and Percent Change, a Buy/Sell Signal icon (if there is a Buy/Sell Signal today), and an Earnings icon (if there is an Earnings Alert today).

Signal Icon

Chaikin Analytics WebApp

Press the Signal icon to see what Signals are triggering for a stock today. A stock will display a green triangle if it has a Buy Signal today and a red triangle if a Sell Signal today. There may be multiple Signals triggering for a stock on a given day.

Note: It is possible, although very rare, for a stock to have an ‘absolute’ Signal such as an Oversold Buy at the same time as a ‘relative’ Sell, or vice versa – this will generally only happen for very illiquid stocks.

Earnings Icons

Chaikin Analytics WebApp

The Watchlist and Panel View will show you icons to help quickly identify important events in a stock’s Earnings cycle. These are based on Earnings Reports which are processed nightly, so you should expect Earnings data to be reflected the day after a stock reports.

Note: Earnings and Estimate data in Chaikin Analytics is sourced from Zacks Investment Research, which uses a proprietary reporting methodology (Zacks BNRI – ‘before non-recurring items’) which makes values highly consistent across stocks and across time. Some Earnings Warnings conditions are based on Chaikin Power Gauge factors, which are sourced from S&P Compustat. Both are industry-leading providers, however they use different methodologies.

Upcoming Earnings Alerts

The day of a stock’s Earnings report, you will see a grey EPS icon in the Watchlist and Panel View. This may be accompanied by a Bullish or Bearish Warning “!”, based on a number of factors.

Chaikin Analytics WebApp
Chaikin Analytics WebApp
Chaikin Analytics WebApp
Chaikin Analytics WebApp

Popup

Hover over a grey EPS icon to see information about a stock’s upcoming Earnings.


The top section shows next report date, fiscal quarter being reported, quarterly consensus estimate, year ago quarterly EPS, and – if there is a Warning icon – a message explaining it. If the next report date is today or tomorrow, a Sun Chaikin Analytics WebApp or Moon Chaikin Analytics WebApp icon will indicate whether the stock reports before market open, after the close, or during market hours (no icon).

The bottom section shows report date, quarter reported, EPS, and revenue for the stock’s last quarterly Earnings report.

Chaikin Analytics WebApp A Bearish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bearish (bottom 20% of the Russell 3000)
  • A recent drop in the consensus estimate or average analyst rating for the stock.

Chaikin Analytics WebApp A Bullish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bullish (top 20% of the Russell 3000).
  • A recent increase in consensus estimate of average analyst rating for the stock.

Though the Power Gauge Rating should be the primary input to your evaluation of a stock’s potential, these Earnings Warnings should serve as inputs to any decision made around an Earnings event.

Earnings Surprise Alerts

For 3 trading days after an Earnings report, the “EPS” icon in the Watchlist will turn green, red, or black depending on whether actual Earnings beat, missed, or matched the consensus estimate. If there was an Earnings Surprise, you will also see a Surprise icon (“!”).

Chaikin Analytics WebApp

Popup

Hover over a green, red, or black EPS icon for detail about the completed Earnings report, including: report date, fiscal quarter, quarterly EPS & revenue reported, consensus quarterly estimate, quarterly EPS and revenue change from 1 year ago, and amount by which the reported EPS missed or beat the estimate.

Chaikin Analytics WebApp

Note: Earnings Surprise icons are generated from final Earnings reports, processed nightly. Earnings Surprise Alerts which display in the Alerts window are generated from intraday Earnings updates which are not final reports, but are updated multiple times during the day.

Estimate Revision Alerts

You will see Chaikin Analytics WebApp or Chaikin Analytics WebApp for any stock with an Estimate Revision Alert, which isn’t displaying an upcoming or recently reported EPS icon.

Chaikin Analytics WebApp
Chaikin Analytics WebApp

Estimate Revisions are processed nightly after each weekday and generate an Alert for stocks where the consensus has moved more than 2c (and more than 2%) in either direction.

Popup

Hover to see the old and new consensus estimate.

Chaikin Analytics WebApp

Alerts

Alerts Popup Via the Watchlist

Press the Alerts icon Chaikin Analytics WebApp to see stocks in the current list which have had Bullish and Bearish Alerts within the past 2 trading days, including Buy/Sell Signals. The number shown in the Alerts button is the total number of signals and other Alerts for that list.

Alerts highlight important events about the price activity, Power Gauge Rating, and earnings of stocks you are watching. While not intended as actionable trading events on their own, they call attention to specific stocks for a closer look.

Alerts View

You may also view Alerts for your currently selected list by clicking on the Alerts icon ( ) in the menu bar towards the top right of the screen.

Chaikin Analytics WebApp

The View shows the Buy and Sell Signals and other Alerts that are currently triggered for the stocks and ETFs in your selected list. Double-click an Alert to view the chart for that stock/ETF. Use the arrow keys to move quickly down your User List or the lists of industries, indices, ETFs, and Hot Lists.

Chaikin Analytics WebApp

Select either “Bullish Alerts” or “Bearish Alerts”, then select any Alert to chart that stock. You can loop through stocks while in the Alert window with the Up/Down Arrow keys.

If the Global Filter is On, or you are viewing a large list displayed on multiple Pages, the Alerts Window will reflect all stocks in the list.

Press outside the Alerts window to hide it.

Alert Types

Chaikin Analytics provides the following types of Bullish & Bearish Alerts:

Alert Description
Power Gauge Alerts Stocks whose Power Gauge Rating has become Bullish or Bearish as of a result of the most recent update.
Earnings Surprise Alerts Companies which have reported quarterly earnings different from the analyst consensus estimate.
Estimate Revision Alerts Companies whose consensus earnings estimate for the upcoming quarter has changed (by at least $.02 and 2%).

Note: Alerts are processed between market close and the following open and are available each morning, except Earnings Surprise Alerts which update multiple times during the trading day.

Earnings Surprise and Estimate Revision Alerts are based on Zacks BNRI methodology (‘before non-recurring items’).

Power Gauge Alerts

Chaikin Analytics WebApp

Power Gauge Ratings are updated before each trading day, generally by 7:30am EST. Alerts are generated for any stock which has become Bullish or Bearish as a result of the update. (Note: there is no Alert if a Bullish stock moves to “Very Bullish” or a Bearish stock moves to Very Bearish).

Date: The effective date of the alert – generally, the date of calculation.

For more detail about Power Gauge behavior, see the Power Gauge Rating section.

Earnings Surprises

Chaikin Analytics WebApp

Earnings Surprises can be a primary driver of volatile market activity.

Chaikin Analytics receives quarterly Earnings announcements multiple times during the trading day. Stocks where the actual reported quarterly EPS differs from the consensus estimate generate an Earnings Surprise Alert.

We have found that stocks with Very Bearish Power Gauge ratings are at higher risk for negative earnings surprises, and the converse is true for Very Bullish ratings. This is because Power Gauge factors, such as those in the Expert Opinions component, look at the activity of various market participants like Analysts, Short Sellers, and Company Insiders who may have a more accurate picture of a company’s earnings dynamics. You can use this fact to help position you ahead of earnings announcements.

Date: Date of the earnings announcement.

Price: Actual reported quarterly EPS.

Est: Consensus estimate quarterly EPS.

Pct: Percent difference between Estimate and Actual.

Estimate Revisions

Chaikin Analytics WebApp

Changes in analyst Earnings Estimates can also be significant drivers of market activity.

Chaikin receives consensus quarterly estimates nightly after each weekday, and generates Estimate Revision Alerts when the new estimate differs from the previous estimate by more than 2 cents per share (and 2%).

Date: The date the Alert was calculated.

Old: Previous consensus earnings estimate for upcoming quarter.

New: New consensus earnings estimate for upcoming quarter.

Pct: Pct difference between Old and New estimate.

Cut & Paste, Drag & Drop

Chaikin Analytics supports standard mouse and keyboard actions to manage Watchlist contents. You can select one, multiple, or all symbols in a list to Cut, Copy, Delete, or Paste to any User list or external application. Or Drag and Drop selected symbols from any list to any User list. You can Undo and Redo the most recent action in a Watchlist.

You can also Import a List from a .csv or Excel file on your computer using the List Importer, and Export any List to a .csv file on your computer.

Note: These actions are supported in Watchlist View – Panel View does not support multi-select, drag & drop, cut & paste, or list import/export.

Selecting Symbols

Chaikin Analytics WebApp

Selected symbols are highlighted in blue. By default, when a list is loaded, the first symbol will be selected, and its chart displayed.

Shift-Click on a symbol to select a continuous range of symbols.

Ctrl-Click (Mac: Cmd-Click) on a symbol to add it to (or remove it from) the current selection.

You can select symbols across Watchlist pages, and within both the main Watchlist window and Filtered window.

R-button Menu

Right-click (Mac: Ctrl-Click) anywhere in the Watchlist window to see a menu showing various symbol actions and their keyboard shortcuts. Standard keystrokes: on Windows, use Ctrl-keys; on Mac, Cmd-keys.

Note: In Firefox, certain actions may only be performed with keystrokes. You will be prompted if you try to use the menu for these.

Keyboard Shortcuts

Windows Mac Description
Ctrl-X Cmd-X Cut: Remove selected symbols from the current List, and copy them to the Clipboard.
Ctrl-C Cmd-C Copy selected symbols to the Clipboard.
Ctrl-V Cmd-V Paste selected symbols from the Clipboard to the current List. Symbols already in the list will not be duplicated.
Ctrl-A Cmd-A Select All symbols in the list, including Filtered symbols and those on multiple Watchlist pages. Click on any symbol to Unselect All.
Delete Delete Delete the currently selected symbol or symbols.
Ctrl-Z Cmd-Z Undo the last cut, paste, delete, or drop action in the current list.
Shift-Ctrl-Z Shift-Cmd-Z Redo the last undone action.

Drag and Drop

Hold down the mouse button on a selected symbol to drag the current selection out of any list.

Hover over a User List name in the List Navigator – you will see a (+) indicating that you are about to drop symbols onto this list.

Chaikin Analytics WebApp

Release the mouse to drop symbols onto the target List, or wait 2 seconds for the target list to be loaded, and then drop symbols.

Chaikin Analytics WebApp

Dragged symbols are not removed from the original List.

Paste to External Application

When you have cut or copied symbols to the Clipboard, you may paste them on to an external application such as Microsoft Word or Excel. Symbols paste as a column in Excel.

Firefox Exception

Actions which involve the Clipboard (Cut, Copy, Paste) must be done with keystrokes in Firefox. If you select these options from the Menu, you will be warned.

Importing a Watchlist

Chaikin Analytics WebApp

In the Watchlist View, select “Import a List” from the R-button menu to import a list of ticker symbols into Chaikin Analytics, from a file. The file must be located on your computer, or a drive you can access, and must meet the following requirements:

  • It must be in .csv or Microsoft Excel format, with a .csv, .xls, or .xlsx extension.
  • It may contain leading header rows, which will be skipped.
  • It must contain rows in which fields are separate by a comma or other delimiter you specify, where the ticker symbol appears consistently in the same column.

You can create the file either by exporting it from another system (such as an online broker or backoffice system), or by using Excel or an editor which supports .csv files.

The list will be imported into your “User Lists” section, and will be available across all Chaikin Analytics platforms. This feature is also available from “Import a List” on the app Settings Menu.

Note: TD Ameritrade Advisors can load their client lists into Chaikin Analytics via direct link to the Veo platform. Contact Chaikin Support for assistance.

Step 1: Upload a File

Chaikin Analytics WebApp

Press “Choose File” and select the desired file on your computer or accessible drive.

Specify the destination List Name (maximum 30 characters). By default, this will be the same as the file name, with any invalid characters removed. If the List already exists in your User Lists section, you will be asked whether you want to overwrite it.

Press “Upload”, to upload the file to Chaikin servers for importing.

Step 2: Import Ticker Symbols

Chaikin Analytics WebApp

Next, specify where ticker symbols reside in your file. Select one or more delimiters, which are characters that separate columns. Then specify which row tickers start on (header rows will be skipped), and which column tickers reside in.

Check the sample grid to verify tickers in your file are being recognized properly.

Note: Make sure no fields other than Ticker Symbol contain any of your delimiters; text qualifiers are not processed on other fields.

Press “Import” to import symbols, or “Back” to return to the previous screen.

A valid row must contain at least the specified number of columns, ending with an “End of Line” sequence (EOL or carriage return/line feed). Invalid rows will be ignored.

The value in the specified column, minus any leading or trailing quotes and spaces, will be processed as a ticker symbol. Any values after the specified column will be ignored.

The symbol must be a valid exchange ticker and known by the Chaikin database; unknown symbols will be skipped. Up to 1,000 valid symbols may be imported.

The importer will skip one blank row, but two consecutive blank rows will end the import, as will an “End of File” sequence (EOF).

You will be notified of success and/or errors which occurred during the import. Your list will only be created or overwritten if at least one symbol is successfully imported. If successful, your List will be created in your User Lists section and will be available across all Chaikin Analytics platforms.

Exporting a Watchlist

Chaikin Analytics WebApp

In the Watchlist View, select “Export List” from the R-button menu to export any List. The list of ticker symbols will be saved in a .csv file located in your browser’s download area. You can move it from there to your Desktop or other desired location.

If the Global Filter in the Watchlist is On, you will see the following prompt:

Select “All Stocks” or “Only stocks passing filter” as desired. You can set Global Filter settings in the Watchlist ( ) .

Note: You can also export a list by pressing R-click (Mac: Ctrl-click) on the selected list name in the List Navigator and selecting “Export List”.

Charts

Overview

The Chaikin Analytics chart is designed to facilitate a quick, reliable Buy/Sell decision on a stock or ETF. Each chart element has been chosen to contribute to this evaluation.

The chart has an expandable Stock Detail area, Chart Controls, and Chart Display.

Chart Overview

Chart Header

Stock Detail

Chaikin Analytics WebApp

The Chart header shows stock detail including Power Gauge arc, stock symbol, company name, Last, daily Change (and percent change), Industry Group, Options button, Earnings Info, Technical Rating, and Industry Rating.

Press the drop-down arrow at right or double-click the Chart Header to see Power Gauge components and other detail.

Note: Make your browser at least 1280px to see the Earnings Info.

Filter Warning

Chaikin Analytics WebApp

Chaikin suggests deprioritizing ‘low-quality’ names from your investment process. Stocks which are very low-priced, low-liquidity, or micro-cap tend to respond less reliably to quantitative analytics, including ours. These stocks can be indicated using the Global Filter in the Watchlist, which is On by default.

If the Global Filter is On, and you chart a stock which does not pass the Filter, a warning icon will display next to the stock symbol.

Chaikin Analytics WebApp

Hover over the Warning icon to see which criteria caused the stock to fail the Filter.

Industry Hotlink

Chaikin Analytics WebApp

Press the Industry Group name to hotlink to that Industry, allowing you to easily compare a stock to its peers. The Industry list will replace the previous watchlist. ETFs do not have an industry hotlink.

Company Info

Chaikin Analytics WebApp

Press for information on the current company. Press “x” to hide the window.

Add to List

Chaikin Analytics WebApp

Select any User list, or create a new list, to add this stock to.

Find in List

Press “Find In List” Chaikin Analytics WebApp to see all lists in Chaikin Analytics containing the current symbol.

Chaikin Analytics WebApp

Select a list type from the “Find” drop-down menu to see only lists of that type containing the symbol:

Chaikin Analytics WebApp

(TD Ameritrade broker customers will also see a ‘Client Portfolios’ option)

Click on a list name and press “Select List” to load it in the app.

Options

Chaikin Analytics WebApp

If the stock you are viewing has Options traded on it, the Options button will be active. Press it to see the OptionsPlay window for this stock, described here. If the stock is not Optionable, the button will be greyed out. The button will be active for all ETFs.

Earnings Info

If your browser is at least 1280px wide, you will see Earnings Info in the Chart Header for the stock you are charting. Which info is shown depends on where the stock is in its Earnings cycle – either Upcoming Earnings info, Earnings Surprise info, or Estimate Revision info.

Note: Earnings Reports and Estimate Revisions are processed nightly and will be reflected in the Chart Header the day after they are received.

Click the EPS icon in the Chart Header to see an Earnings Detail popup allowing you to show historical Earnings on the Chart, and click again to hide it.

Upcoming Earnings

Generally, if the stock you are charting has a valid next Earnings report date, you will see info about the upcoming report – report date, fiscal quarter to be reported, and current consensus earnings estimate for the quarter.

Chaikin Analytics WebApp

Popup

Hover over the EPS icon to see Upcoming Earnings detail (the same popup is accessible from the Watchlist).

Chaikin Analytics WebApp
Chaikin Analytics WebApp
Chaikin Analytics WebApp

The top section shows next report date, fiscal quarter being reported, quarterly consensus estimate, year ago quarterly EPS, and – if there is a Warning icon – a message explaining it.

If the next report date is today or tomorrow, a Sun or Moon icon will indicate whether the stock reports before market open, after the close, or during market hours (no icon).

The bottom section shows report date, quarter reported, EPS, and revenue for the stock’s last quarterly Earnings report.

Chaikin Analytics WebApp A Bearish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bearish (bottom 20% of the Russell 3000)
  • A recent drop in the consensus estimate or average analyst rating for the stock.

Chaikin Analytics WebApp A Bullish Warning ahead of Earnings can be triggered by:

  • PGR Earnings Surprise or Estimate Trend factor being Very Bullish (top 20% of the Russell 3000).
  • A recent increase in consensus estimate of average analyst rating for the stock.

Though the Power Gauge Rating should be the primary input to your evaluation of a stock’s potential, these Earnings Warnings should serve as inputs to any decision made around an Earnings event.

Earnings Surprises

If the stock you are charting has reported Earnings within the past 3 trading days, you will see information about the completed report.

Chaikin Analytics WebApp

The Chart Header shows fiscal quarter, report date, actual reported quarterly EPS, and Consensus Estimate at time of report.

  • A Bullish Earnings Surprise (actual EPS greater than estimate) will be colored green.
  • A Bearish Earnings Surprise (actual EPS less than estimate) will be colored red.

Popup

Hover over the EPS icon to see detail about the completed Earnings report (the same popup is accessible from the Watchlist).

Chaikin Analytics WebApp

The popup shows report date, fiscal quarter, quarterly EPS & revenue reported, consensus quarterly estimate, quarterly EPS and revenue change from 1 year ago, and amount by which the reported EPS missed or beat the estimate.

Estimate Revisions

If the stock you are charting does not have a recent or upcoming Earnings report, and the consensus quarterly estimate has changed more than 2c and 2%, you will see Estimate Revision info in the Chart Header, including the old and new estimate.

Chaikin Analytics WebApp

Click the EPS icon to see Upcoming Earnings detail.

No Earnings Data

If the symbol you are charting does not have a valid next report date, or last report date, the Chart Header will show “No earnings data.” This includes ETFs.

Chaikin Analytics WebApp

Trends

Chaikin Analytics WebApp

This is an indication of where a stock is in relation to its short, intermediate, and long-term trends.

Industry Rating

Chaikin Analytics WebApp

Industry Rating looks at the aggregate Power Gauge Ratings of stocks in this company’s Industry Group to assign a Rating from Strong to Weak.

Expanded Stock Detail

Chaikin Analytics WebApp

Click the drop-down icon next to Trends to show the detail view and again to hide it. As a shortcut, double-click in the header or detail view to open and close the view.

  • NeutralPositive Potential (or Neutral+)” means the underlying rating is Bullish, but is being clipped because the stock is breaking down below its long-term trend.
  • NeutralNegative Potential (or Neutral-)” means the underlying rating is Bearish, but is being clipped because the stock is breaking out above its long-term trend.

Power Gauge Drill Down

The center panel allows you to drill into the Power Gauge rating, starting with the four top-level components:

Press (+) to expand a component to see its 5 factors, and (-) to close it again.

Chaikin Analytics WebApp

Each “slider” represents the stock’s rank relative to a comparison universe (either the Russell 3000 or the stock’s Industry Group, depending on the factor).

Factors are all scaled so that “green is good”, i.e. Bullish, and Red is Bearish. For some factors – for example, Debt/Equity Ratio – a low value is better. In these cases, the slider position will be toward the right for companies with a relatively low Debt/Equity ratio.

Another example is the Short Interest factor: generally, low Short Interest is Bullish, as it means there are not a lot of bets against the stock. So stocks with relatively low Short Interest will have a higher factor rank.

Remember, scaling for some factors is relative to Industry, which may not always be intuitive. For instance, a company with a seemingly low (i.e. favorable) Debt/Equity ratio may not rank as well compared to its Industry peers, and the factor value may not be as high as you might expect. Though possibly counterintuitive, this is actually what makes the Power Gauge model so effective.

Factor ranks are weighted using proprietary weights and combined first into component scores, then into an overall “raw” Rating. A “technical overlay” is then applied to arrive at a final Power Gauge Rating for each stock. Ratings are updated after each trading day, before the following open.

Factors are explained in more detail in the Power Gauge Rating section.

Fundamentals

Chaikin Analytics WebApp

Press the arrows to see Fundamentals, Performance, Earnings, and Ratios, sourced from Zacks.

Expanded ETF Detail

Chaikin Analytics WebApp

Click the arrow icon next to Trends to show the detail view and again to hide it. As a shortcut, double-click in the header or detail view to open and close the view.

The Power Gauge Rating is in development and coming soon as are its components (Momentum, Relative Strength, and Weighted Average PGR). The fundamentals summarize the ETF’s key characteristics and statistics.

  • Assets. Assets under management.
  • Avg Daily Vol. Average daily trading volume.
  • Beta. A measure of volatility: 1 = matches the S&P 500, >1 = more volatile, <1 = less volatile.
  • Div Yield. The ETF’s current dividend yield.
  • Holds. The asset types held.
  • Strategy. Long or Short.
  • Management. Active or Passive.
  • Expenses. Fees as a percentage of the ETF’s asset under management.

Chart Display

The Chaikin Analytics Chart display shows 5 slices of high-value indicators:

Price, Averages, Bands
  • Price Bars – The chart will show historical High/Low/Close bars – either 1 year of daily bars or 5 years of Weekly Bars depending on the time frame selected. Values reflect exchange trades, as provided by QuoteMedia.
  • EMA21 – 21-day Exponential Moving Average of closing price.
  • Chaikin Bands – Computed as a percentage above and below EMA21.
  • Chaikin Trend – 200-day Double-Exponential Moving Average.

How to use it
Chaikin Bands are an indication of a stock’s normal trading range. When a stock hits a band, this is a potential decision point. If the stock drops to a Lower Band and the Power Gauge is Bullish and other factors in your decision process confirm, this can be a good entry point for a stock you are looking to own. Conversely, if a stock rallies to an Upper Band while the Power Gauge and other factors are Bearish, you might consider taking profits.

Chaikin Analytics WebApp

Intraday Bar

  • During the trading day, the most recent bar will reflect the current day’s High, Low, and Last Price, colored Green, Red, or Grey depending on whether the stock is up, down, or unchanged for the day.
  • Last sale prices should match the quote displayed in the Chart Header. They are based on values provided by QuoteMedia from the BATS exchange, update once per minute, during and outside of market hours. High and Low values are based on exchange trades during market hours.
  • When the nightly update is performed (before midnight U.S. Eastern time), a new historical bar is created and the intraday bar is not displayed. Once a calendar day starts which is a valid trading day, a grey “tick” will display at the Last price until trading activity occurs.
  • Other indicators do not update dynamically during the trading day.

Chaikin Money Flow (CMF)
  • Chaikin Money Flow is a proprietary measure of net accumulation (green) or distribution (red). This is a simple, effective way of including volume in your analysis, and has become an industry standard tool.
  • A stock which is closing high in its daily range on high volume is considered to be under net accumulation, and conversely a stock closing nearer its daily low on high volume is considered to be under net distribution, as these patterns may reflect institutional trading activity.

How to use it
CMF ranges from +100 to -100. A stock which closes at its high 21 days in a row will have a value of 100. A value of +25 or -25 is considered strong accumulation or distribution.

Chaikin Analytics WebApp

Overbought/Oversold (OB/OS)

This indicator provides a smoothed, scaled cyclical indication of where a stock is in its normal trading range.

Chaikin Analytics WebApp

How to use it
When OB/OS drops below 30 then turns up, this can be a good entry point when confirmed by the Power Gauge. A level of 70 is considered Overbought.

Relative Strength

This indicator provides a consistently scaled indication of a stock’s recent performance relative to the S&P 500. When the gradient gets to green, this indicates the stock has been strongly outperforming the market. Relative Strength on the SPY chart, will compare SPY to the IWV—the Russell 3000 index which includes a blend of large, mid, and small cap stocks.

Chaikin Analytics WebApp

How to use it
Periods of very strong (or very weak) relative activity may indicate an underlying shift in the market’s sentiment about a stock which is not yet picked up in the Power Gauge rating.

Power Gauge Ribbon

The Power Gauge ribbon shows the historical value of the Rating over time. You can use this as a reference to see how the stock performed relative to the Rating. ETFs do not currently get a Power Gauge Rating.

Chaikin Analytics WebApp

Note: To reduce visual ‘noise’, only closing weekly values are shown.

  • For prior weeks, the closing rating value is shown for all days in the week.
  • Example: If the rating turned Bullish for a day but ended the week Neutral, the whole week displays as Neutral.
  • For the current week, the current daily value is shown for all days in the week.
  • Example: If the rating turned Bullish for a day but is currently Neutral, the whole week displays as Neutral.

Daily Power Gauge Popup

Hover over the current week of the Power Gauge ribbon to see daily values for the current calendar week. Days not processed yet will have a lighted border around them.

  • Holiday
  • Neutral+
  • Very Bullish
  • Not processed yet

Chaikin Analytics WebApp

Daily Power Gauge values

Daily Power Gauge Colors

For more detail on the Power Gauge Values see the Power Gauge Rating Section

Classic Bulls and Bears

When evaluating investment ideas, look for stocks where the Power Gauge Rating has been in alignment with the technical indicators on the Chaikin chart.

We use the term “Classic Bull” to refer to a stock which has had a persistent Bullish or Very Bullish rating, and with:

  • Price above a rising long-term trend
  • Strong Chaikin Money Flow (with persistency of green, or accumulation)
  • Strong Relative Strength (with persistency of green, or outperformance)

Chaikin Analytics WebApp

The above chart shows this “Classic Bullish” pattern, along with Oversold Buy Signals which identified lower-risk entry points.

It adds further confirmation when a Classic Bullish stock is in a strong Industry Group.

Conversely, a “Classic Bear” has had a persistent Bearish or Very Bearish Rating with:

  • Price below a falling long-term trend
  • Weak Chaikin Money Flow (with persistency of red, or distribution)
  • Weak Relative Strength (with persistency of red, or underperformance)

This is shown in the chart below.

Chaikin Analytics WebApp

Classic Bears in weak Industry Groups can be excellent short candidates, especially in times of overall market weakness.

ETF Chart

ETF charts feature the same technical analytics as stock charts (with a few exceptions) and can be used to make informed Buy/Sell decisions.

A general rule of thumb is to look for ETFs which have been above a rising long-term trend, which have been outperforming the market, with persistent Chaikin Money Flow. Then be patient and wait for Oversold pullbacks.

More detail on ETF Charts is in the ETFs Section.

Chart Controls

Intraday Chart Popup

Select the 1D Button to toggle the Intraday Chart popup for the current symbol on and off. The intraday chart gives a dynamic visual snapshot of the most recent days’ trading activity.

Chaikin Analytics WebApp

Quote Header
  • Symbol, Last, Chg. The Quote Header will display Ticker Symbol along with Last, Change (and Percent Change) colored Green, Red, or Black based on the change relative to the previous Close. Quote information is provided by QuoteMedia. It is reset prior to each market open, and is updated at 1-minute intervals, with no delay, based on trades from the BATS exchange.
  • Open, High, Low, Volume Values for the most recent trading day’s Open, High, Low, and Volume are updated at 1-minute intervals, and reflect major exchange information.

Intraday Alerts – You will see colored alert icons (! ! !) next to the Quote fields, accompanied by an Alert message, when certain significant conditions are met.

  • Gap Up/Down at Open A Gap alert will display next to the Open if the stock opens outside of yesterday’s range (i.e. above yesterday’s High or below yesterday’s Low). There will be an actual gap on the historical chart in this case. The alert will display even if the stock’s price has “filled the gap” subsequent to the open.
    • Note. The Gap alert is only shown if the stock opens outside of yesterday’s range, not in the case of any difference between previous Close and today’s Open.
  • 52-Week High/Low Today – A High/Low alert will display next to the High or Low fields if they meets or exceed the previous 52-week extreme. The alert will display even if the stock has subsequently retreated from its 52-week High/Low.
    • Note.Historical 52-week High/Low is determined based on closing prices only. The stock may have had higher intraday highs, or lower intraday lows over the previous 52 weeks.
  • High Volume – A High Volume alert will display if today’s volume is at least 1.5 times the 90 day average volume, as reported by Zacks.

The Intraday Alert Message will indicate the conditions triggering today, e.g. “Gap up at open on high volume.” The Intraday Alert icons and message will be colored the same as the change for the day (Green or Red), or Blue if not all conditions agree.

Intraday Chart – On the left, a dot and dotted line indicate the previous Close. The price line shows an up-to-the-minute chart of price activity. The chart is reset prior to market open on trading days, and updates between market hours (from 9:30am to 4:00pm US Eastern time.)

Time Frames

Chaikin Analytics WebApp

Toggle between 1 year daily and 5 year weekly chart.

Historical Earnings

Click the EPS icon on the Chart to see where a company has previously reported Earnings.

Historical Earnings

At a glance, you can now see not only whether a stock has tended to make or miss expectations, but how the stock reacted soon after each Report. This can be helpful in determining a plan of action around an Earnings Report.

Chaikin Analytics WebApp

A Green “EPS” icon indicates a report that beat expectations, Red indicates a miss, and Grey indicates expectations met. Hover over an EPS icon to see the quarterly consensus Estimate at the time of the report, actual reported quarterly EPS, and amount by which the company beat or missed expectations.

Chaikin Analytics WebApp

Historical Signals

Toggle a Buy/Sell signal pair historically on or off the chart.

Active Signals

An indication of which Signal or Signals are currently triggered for this stock.
Tap to toggle on or off.

Data Window

Chaikin Analytics WebApp

Hold down the left mouse button and move the mouse to see a data window showing values of the indicators on the chart, including Power Gauge Rating.

  to toggle the data window on and off. In this mode, you can then use the left and right arrow keys to move the window one day at a time.

News

Overview

Chaikin receives news headlines on U.S. stocks and ETFs from XIgnite, a leading financial information provider. XIgnite integrates from a wide variety of sources, and provides direct links to those sources.

Some of the many sources XIgnite includes are:

Reuters Investors Business DailyFX Technical Analysis
Financial Times TheStreet.com Bizjournals.com
Associated Press Morningstar CFO.com
Bloomberg BusinessWeek Fool.com CBS MoneyWatch
The New York Times MarketWatch.com Morningstar Articles
Wall Street Journal TIME Zacks.com
Barron’s Forbes Seeking Alpha
CNBC Briefing.com Minyanville
MSNBC The Economist Ticker Report
CNN Money/Fortune U.S. News & World Report The Big Picture
Business Insider

News Display

Below the Chaikin Analytics Chart, you will see the most recent News headlines for the active stock.

News Display

Viewing Stories

Click a headline to view the story, on the site that published it, automatically loaded in a separate browser tab. Chaikin Analytics will still be running — just close any other browser tabs when you are done with them.

Viewing Stories

Expanded News

Expand ( ) the news window to see up to 30 days of news for the current stock.

Expanded View

Today’s Headlines will be on top, followed by Previous Headlines. By default 100 headlines are loaded at a time.

To see more, scroll to the bottom of the window and click “More Headlines”

More Headlines

Click Close ( ) to close the Expanded window and return to the standard News display

Stock Discovery

Overview

Chaikin Analytics offers a revolutionary new way to find great stock ideas – we call it Stock Discovery.

Just as Pandora creates a channel of songs based on an artist, and Netflix suggests movies similar to ones you’ve watched, the Chaikin Stock Discovery engine automatically suggests potentially profitable stock ideas based on a stock or ETF you specify.

The first time you visit the Discovery page, you’ll see results populated based on the active Chart symbol.
To see new stock ideas, just type a ticker or Company Name into the symbol entry box and press . The display will populate with buy and sell ideas, based on significant factors of the “target” stock or ETF you have entered, which the Discovery Engine automatically identifies.

Results are ordered by a proprietary Relevance score which combines similarity in Industry, Market Cap, and Technical factors, as well as Chaikin Power Gauge Rating.

In this way, the Chaikin Stock Discovery engine is the first financial search engine to combine strength of search match with alpha – the likelihood that a stock will outperform the overall market.

You are among the first to use this breakthrough method for simplifying the idea generation process. In future, Chaikin will be adding more ways to discover ideas, including by keyword, and based on personalized user activity.

Results

The Discovery Results display consists of a Header, followed by one or more Results lists, with Panels for each item in the list.

General Navigation

Header Hotlink

Header Hotlink

  • Hover over (or tap) the ticker symbol in the Header to highlight it in blue. Click (or tap again) to chart the symbol in the Workspace.

Panel Flip and Hotlink

Panel Flip
Panel Flip
  • Hover over a Panel to highlight it, then click (or tap) to chart that symbol in the Workspace.
  • Click or tap the Page corner to flip the panel and see a Stock or ETF’s significant factors.
  • Move off the Panel, or tap the corner again, to flip it back.

Results List Hotlink

  • Hover over a Results list name to load that list in the Workspace.
  • It will be displayed in the Watchlist, and its first symbol will be charted.
  • The list will be named “Discovery Results”, and saved in the User Lists section of the List Navigator.
  • The next time you hotlink a list from Discovery, it will overwrite the previous “Discovery Results” list.
  • To permanently save a Results list:
    • Open the User Lists section of the List Navigator.
    • Hover over the “Discovery Results” list.
    • Select the ‘pencil’ icon.
    • Rename the list to your desired name.

Header

The Discovery Results header shows the following information for the target Stock or ETF:

  • Logo
  • Last price, today’s change, and percent change
  • Chaikin Power Gauge rating (for Stocks)
  • Significant Factors (up to 6)

Stock Discovery Results

Results lists can contain up to 20 stocks, displayed in sets of 5 at a time, with arrows “< >” indicating whether there are more results before or after the current set. Press these arrows to move back and forth through a list, 5 stocks at a time.

Stocks Like This

The “Stocks Like This” list contains stocks in the same Sector as your target stock, which meet Market Cap and Technical similarity constraints and have a similar or better Power Gauge Rating.

  • Bullish and Very Bullish stocks are suggested for target stocks with a Power Gauge Rating of Neutral and above.
  • Bearish and Very Bearish stocks are suggested for stocks with a Power Gauge Rating of Bearish or worse.
  • Stocks with higher overall similarity and stronger Bullish or Bearish Ratings are preferenced.

In the example above, for the target stock ALL (Allstate Corp) – a Bullish, Large Cap Insurance company – other similar stocks such as AWH (Allied World Insurance), RE (Everest Reinsurance), and AHL (Aspen Insurance Holdings) are suggested.

Potential Swaps / Short Candidates

One of the most powerful features of Chaikin Stock Discovery is its ability to suggest “Swaps” – similar stocks sharing an industry, but with opposite Power Gauge Rating and Technical orientation.

  • Entering a Bearish stock may generate a list of Bullish “Potential Swaps.”
  • Entering a Bullish stock may generate a list of Bearish “Short Candidates.”


In the example above, CBS – a Bullish, Large Cap stock in the Media Industry Group – is the top suggested Swap for TV (Grupo Televisa) – a Bearish Large Cap stock also in the Media group.

These lists can be instrumental either for Pairs trading, where a trader might go long one stock and short another (often in the same industry), or simply to improve the health of a portfolio by maintaining overall allocation in an Industry you like, but swapping from a Bearish to Bullish stock in that Industry.

Note that lists will expand criteria to fill up to 5 results if “best” matches cannot be made.

Similar Rating Lists

Many investors have certain preferred factors they look for when taking a position – such as strong Net Free Cash Flow, Bullish Expert Activity, or low Short Interest. A powerful feature of the Stock Discovery engine is its ability to suggest stocks which share significant Power Gauge Rating factors with a target stock you enter.

“Similar Rating” lists will contain stocks whose most significant factors have a high degree of similarity with your target stock, meaning they are Bullish, Bearish, or Neutral for similar reasons.


In the example above, XOM (Exxon Mobil) has Bullish Expert Activity, which the Discovery engine uses to surface a list of other stocks, also with Bullish Expert Activity.

“Similar Rating” lists may simply be named “Similar Bulls”, “Similar Bears”, or “Similar Neutral Stocks” – or may be named after a specific shared factor (such as “Other Stocks with Bullish Expert Activity”).

Similar Technicals

The Stock Discovery engine will also automatically detect significant technical attributes including strength or weakness in price trend activity, Chaikin Money Flow, Relative Strength, and recent Chaikin Buy/Sell Signals. “Similar Technicals” lists will contain stocks whose significant technical factors have a high degree of similarity with the stock you enter.

In this example, Morgan Stanley – a Large Cap financial stock making New Highs – surfaces similar stocks also making New Highs.


ETFs Holding This

For most stocks (and some ETFs) you enter, you’ll see a list of ETFs which hold it.

You’ll first see ones with fewest constituents, preferencing those with the strongest Chaikin Power Bar ranks (the highest percentage of Bullish stocks)

Earnings Activity

Stocks with Bullish or Bearish Earnings activity (an Earnings Surprise, or Estimate Revision alert today) may generate a list of stocks with similar Earnings Activity.

High Dividend Stocks

If a stock reliably pays out a high dividend, a “High Dividend” list will show other high yield stocks, preferencing similar stocks with stronger Ratings. This should give yield-based investors a way to quickly find opportunities meeting their requirements that have the best chance to outperform.

Recent Issues

If a stock has begun trading within the last year, a Recent Issues list will show other stocks that have also begun trading recently, preferencing the most similar stocks with strongest Technicals.

These stocks will not have a Power Gauge Rating, which requires a year of trading activity in order to generate a valid value.

ETF Discovery Results

Other Similar ETFs

If you enter an ETF, you will see other ETFs which share its Category (Sector, Growth/Value, Market Cap, Dividend, Strategy, etc.), preferencing those with the strongest Chaikin Power Bar ranks (highest percentage of Bullish constituents).

ETF Top Holdings

If you enter an ETF, you’ll see a “Top Holdings” list showing the ETF’s constituents by weight, largest to smallest.

General Note

The architecture of the Discovery engine enables Chaikin to tune the Relevance algorithm based on user activity, and to add or remove lists which may be useful, or underused. So, you may see slightly different results from what is shown in this User Guide.

FAQs

What is “Discovery”?

“Discovery” is a popular and intuitive form of Search, where results are generated by an app or website when the user selects a target item (such as a musical artist, song, movie, or product), or automatically based the on a User’s activity.

  • Netflix suggests movies similar (in various ways) to ones you’ve watched.
  • Pandora creates channels of songs based on an artist.
  • Spotify suggests songs based on ones you’ve listened to.

What is “Stock Discovery”?

We have created a Stock Discovery Engine to automatically suggest Buy and Sell ideas, based on a ‘target’ Stock or ETF of your choosing. The suggestions are both similar to the target, and have a high likelihood of investment success, as indicated by our proprietary Chaikin Power Gauge Rating.

How does it work?

When you enter a Stock or ETF, the Discovery Engine quickly populates a set of Results lists for display. This is done using a proprietary Relevance calculation, tailored for each list, that measures such things as similarity of Industry, Market Cap, Rating factors, and Technical factors, as well as strength of the Power Gauge Rating itself.

In this way, the Chaikin Stock Discovery Engine is the first financial search capability that combines search strength and alpha (expected performance relative to the market).

This is a unique and breakthrough capability.

Why Did We Build This?

We built the Chaikin Stock Discovery Engine as our central, forward-looking platform for generating stock ideas. We wanted to create something that any investor could use to find ideas, with a leading-edge User Experience that delivers on our mission of reducing information overload.

What Netflix has done for movies, Chaikin would like to do for Stocks.

Can I see the calculations that generate the results?

The User Guide will indicate the inputs that each list ‘preferences’ when determining results. However, we will update Relevance calculations over time, and don’t publish exact calculations. Our job is to make sure results are useful, and that the experience feels simple. If we’re doing that, how the magic happens is all under the hood.

Can I search by specific parameters in Discovery?

What makes the Discovery experience work is simplicity. No settings, no parameters. If you want to find results meeting specific criteria, that is what the Screener is for.

Where are the plans for Stock Discovery?

“Stock-based discovery” (based on a symbol) is just the beginning of our Discovery roadmap. Goals for future enhancements include keyword-based discovery, and user-based discovery. Our ultimate goal is to provide high quality personalized “Stock Ideas for You”, based on your user profile and activity. These enhancements are part of our plan but do not have release dates yet.

Screener

Overview

Screener Display

The Chaikin Analytics Screener is a powerful tool for finding stocks which meet criteria you specify. You can select a starting Universe, apply Global Filter criteria, and combine Power Gauge, Performance, Technical, and Fundamental criteria, as well as Chaikin Buy/Sell Signals. The Screener is designed to allow you to try ideas in rapid succession, to see the effect on results.

Matching results are displayed in the Results window and can be saved as a User List, and viewed immediately in the Workspace.

Data Availability

Data is indexed for Screening once a day prior to market open on trading days, and on Saturday evenings. The data used in screening is the most current data available as of the time of indexing, which is shown at the bottom of the Rules Window.

Only active stocks in the Chaikin Analytics system are included for screening. This may include stocks with no Power Gauge Rating. ETFs are not included in screens.

Rules Window

In the Rules Window, select a starting Stock Universe and specify Screening Criteria to generate a list of matching Results.

Default State

Initially, the Screener will be set to a starting Universe of Russell 3000 and a Power Gauge Rating of Bullish, with all other criteria empty (showing “- – -“).The SCREEN button will be GREEN, indicating that the Screen has not been performed yet.

Adding Screening Criteria

Use the menu drop-downs to select values for criteria, or set them to empty.

Performing a Screen

When you are ready, press SCREEN to generate a list of stocks in the Stock Universe matching the criteria you have specified. Stocks must meet all specified criteria to be included; empty criteria do not affect the screen. Results will display in the Results window to the right.

Once the Screen has been performed, the SCREEN button will turn GREY.

Changing Criteria

Once Results are displayed, you can change criteria without losing your current Results display. When the first setting is changed, the SCREEN button will turn GREEN again, indicating that you can press it to generate new Results.

Resetting the Screener

You can reset the Screener to its default state at any time by pressing “Reset”. This will erase any results currently displayed.

Chaikin Analytics WebApp
Matching Results

When a Screen is run, you will see ‘lozenges’ next to each of the criteria you have set, indicating the successive number of matching stocks, starting with the number of active stocks in the Stock Universe, and applying each of the specified criteria in order from top to bottom. The final number reflects the number of stocks displayed in the Results Window.

The example shown is a “Classic Bull” screen, looking for Bullish Stocks, in Strong Industries, above a rising long-term trend (which is “DEMA” or “Chaikin Trend”), and with strong money flow and relative strength persistency.

Results Window

Once a Screen has been successfully run, Results will be displayed in the Results Window, which is almost identical to that Watchlist’s Panel View. Each stock shows Ticker, Company Name, Power Gauge Rating, Last, and today’s Percent Change

Title Bar

The Results Title Bar shows the number of matching Results, a Power Bar indicating their Bullish/Neutral/Bearish breakdown, a Sort By drop-down, and a Save List button.

Results Hotlink

Chaikin Analytics WebApp

Once you have successfully run a Screen which has generated matching results, select “Results” to quickly see these stocks in the Watchlist. This will create a temporary list called “Screening Results”, which will not appear yet in the List Navigator. To save it, return to the Screener, select “Save List”, and name it.

Note: While viewing the temporary “Screening Results” list, the Export a List r-button menu option will be disabled.

Sort By

By default, Results will be sorted alphabetically. As in the Watchlist, you can sort alphabetically, by Power Gauge Rating, or by today’s Percent Change, all either ascending or descending. When sorted by Percent Change, today’s advances will be colored GREEN, and declines will be colored RED.

Large Results Lists

Chaikin Analytics WebApp

The Chaikin Analytics Screener can generate Results lists of any size, though you may see less than optimal browser performance when displaying large lists. To account for this, if there are more than 500 matching Results, the application will display the first 500 alphabetically, and then prompt you whether you want to load remaining results. Press Continue to display all Results, or Cancel to see only the first 500.

Save Results & View in Watchlist

Chaikin Analytics WebApp

Press   Chaikin Analytics WebApp   to save current matching Results as a User List.

Enter a name for this list, and press Continue to save.

If you select “View in Watchlist”, the application will automatically switch to the Workspace, displaying this list in the Watchlist upon saving. This is a very convenient way to see the quality of this Screen.

Select Screener from the main navigation area again to switch back to the Screener. Your Screening Criteria and Results will be maintained, so you can try different Screening ideas in succession and see their impact on Results.

Save Your Screen

You have the option to save your screen definitions so you can retrieve them later for reuse. Screen definitions may also be deleted. To save time, you can duplicate an existing definition, modify it, then save it.

Saving a Screen

When you first enter the Screener, the screen is in its default state and is untitled.

Screener Default

Once you set some screening criteria and screen for stocks, the Save icon turns white indicating you may save your screen, should you decide you want to.

Save icon

To do so, simply enter a name for your screen in the name field, shown as “untitled” to start, and press return.

Rename a screen

If a screen of that name already exists, you will have the option to replace it or cancel.

Duplicate Name

Loading a Screen

Your saved screens are shown under the Save Screen popup menu, which you access by clicking the menu arrow button next to the Save Screen folder. Then you by click “Load Screen” to see your list.

Screener Load

To load a screen, simply click on the one you want to load. After you do so, the screener will refresh with that screen’s name and criteria. You may then execute it, modify it, delete it, or reset it.

Deleting a Screen

To delete a screen, first you must load it, using the process above. Then select Delete Screen from the screener menu. You will have the option to continue or cancel.

Screener Delete

Using One Screen as the Basis for Another

You can save time by using one screen as the basis for another. To do so, first create the base screen and save it. Then use the “Duplicate” command on the screener menu to make a copy of it.

Duplicate Screen

The resulting screen will have the same name with a number attached at the end. Edit the name if you like, make any modifications you want to make in criteria. Then select “Save Screen” from the screener menu to save the changes you made.

Screening Criteria

The Chaikin Analytics Screener is designed to allow flexible combinations of various criteria, focusing on Chaikin’s most high-value analytical tools: the Chaikin Power Gauge Rating, its Components and Factors, Industry Rating, Stock Performance, and selected Technical Indicators, Signals, and Fundamental fields.

Fundamentals are primarily represented in Power Gauge Factors – we are not attempting to provide an open-ended Fundamental data screener.

Stock Universe

First, select a starting Universe which best represents the stocks you want to screen for.

Chaikin Analytics WebApp

The default will be the Russell 3000 stocks. Other choices are as follows:

All Rated Stocks All active stocks in the Chaikin Analytics system with a valid Power Gauge Rating
Russell 3000 All stocks in the iShares Russell 3000 ETF (IWV). These include large, mid, and small cap stocks covering about 98% of the total market value of U.S. listed companies.

(Note: for various reasons there may not be exactly 3000 stocks in the Russell 3000 list).

SP500 All stocks in the SPDR SP500 ETF (SPY). These are the 500 largest cap stocks listed on U.S. exchanges as determined by Standard & Poors.

(Note: for various reasons there may not be exactly 500 stocks in the SP500 list).

Growth Stocks All stocks in the iShares Russell 3000 Growth ETF (IUSG).
Value Stocks All stocks in the iShares Russell 3000 Value ETF (IUSV).
Large Cap Growth All stocks in the iShares Russell 1000 Growth ETF (IWF).
Large Cap Value All stocks in the iShares Russell 1000 Value ETF (IWD).
Small Cap Growth All stocks in the iShares Russell 2000 Growth ETF (IWO).
Small Cap Value All stocks in the iShares Russell 2000 Value ETF (IWN).
Strongest Industries Stocks in the top 20% of Zacks Industry Groups, as determined by Chaikin Power Bar Score. Industries without a positive Bullish/Bearish balance are excluded, even if in the top 20%.

(This generally reflects the top 12 items in the Industries section of the List Navigator, when sorted by Rating).

Weakest Industries Stocks in the bottom 20% of Zacks Industry Groups, as determined by Chaikin Power Bar Score. Industries without a negative Bullish/Bearish balance are excluded, even if in the bottom 20%.

(This generally reflects the bottom 12 items in the Industries section of the List Navigator, when sorted by Rating).

Select an Industry… Select a specific Industry Group as your starting Universe.Chaikin Analytics WebApp
Select a Sector… Select one of the 9 SPDR Sector ETFs as your starting universe.Chaikin Analytics WebApp

Global Filter

The Global Filter allows you to exclude certain stocks from your work in Chaikin Analytics based on minimum price, liquidity, market capitalization criteria and optionable status.

The Filter icon indicates the state of the Global Filter (blue = On, grey = Off).

Click the Filter icon to edit Global Filter Settings and turn it on or off.

By default, the Global Filter is On, and will exclude stocks where any of the following is true:

  • Previous Close < $3
  • 20-day Avg Volume < 25,000 shares
  • Market Cap < $50 million
  • Stock is not optionable

You can change these settings and click Save to apply them.

The same settings apply in the Watchlist and the Screener. Any changes you make in either place will apply in both.

If the Global Filter is On when you run a Screen, its criteria will be applied to the Starting Universe before Screening Criteria are applied.

Rating Criteria

In the Rating section, you can set Screening Criteria for a stock’s Power Gauge Rating, and up to 3 Power Gauge Components or Factors.

Chaikin Analytics for Desktop

Power Gauge Criteria

The Power Gauge Rating menu allows you to screen for stocks whose Power Gauge Ratings meet certain criteria.

All Power Gauge Rating criteria look at the “corrected” Power Gauge Rating, with the Technical Overlay applied.

Power Gauge Menu

Chaikin Analytics WebApp

Power Gauge Rating Includes…
(empty – Includes any Rating)
is Very Bullish Stocks rated Very Bullish today
is Bullish Stocks rated Bullish today
is Neutral+ Stocks rated Neutral+ today
is Neutral Stocks rated Neutral today
is Neutral- Stocks rated Neutral- today
is Bearish Stocks rated Bearish today
is Very Bearish Stocks rated Very Bearish today
is not Bullish Stocks rated worse than Bullish (includes all Neutral and Bearish stocks)
is not Bearish Stocks rated better than Bearish (includes all Neutral and Bullish stocks)
turned Bullish today Stocks which were not Bullish yesterday but are Bullish today
turned Bullish this week Stocks which were not Bullish at end of the previous calendar week but are Bullish today
turned Bearish today Stocks which were not Bearish yesterday but are Bearish today
turned Bearish this week Stocks which were not Bearish at end of the previous calendar week but are Bearish today
has Bullish persistency Stocks which have been Bullish a high percentage of the prior 3-6 months
has Bearish persistency Stocks which have been Bearish a high percentage of the prior 3-6 months

Power Gauge Components and Factors

Power Gauge model.

Chaikin Analytics WebApp

You can select up to 3 Components or Factors to include in your Screening Criteria, and specify a value for each.

If the value is empty, the Factor will not be included in the screen.

The menus default to 3 of the most heavily-weighted factors in the model.

Components/Factors

Values

Component or Factor Includes Stock if…
(empty)
is Very Strong Component or Factor is in the top quintile today
is Strong Component or Factor is in the 2nd quintile today
is Neutral Component or Factor is in the 3rd quintile today
is Weak Component or Factor is in the 4th quintile today
is Very Weak Component or Factor is in the bottom quintile today
turned Strong today Component/Factor was not Strong yesterday but is Strong today
turned Strong this week Component/Factor was not Strong at end of previous calendar week but is Strong today
turned Weak today Component/Factor was not Weak yesterday but is Weak today
turned Weak this week Component/Factor was not Weak at end of previous calendar week but is Weak today
big gain this week Component/Factor had a significant gain from end of previous calendar week to today
big loss this week Component/Factor had a significant loss from end of previous calendar week to today

Note: It is technically possible to make multiple statements about a Factor which may be contradictory. This is not prevented, but will lead to 0 Results.

Performance Criteria

In the Performance section, you can set criteria based on a stock’s price return over time, on an absolute basis and relative to the SPY (SP500 ETF, which closely tracks the SP500 index).

Chaikin Analytics WebApp

For the Price Return criteria, select a time frame and a minimum percent return Up or Down over the period – or find stocks at-or-near their high or low for the period.

You can make two statements about Price Return. This can be useful, for instance, to find stocks which are up 20% Year-to-Date, but down 5% within the last month (“High Flyers with Pullbacks”).

For Return vs SPY, select a time frame and an amount by which the stock must have either outperformed or underperformed the SPY over the period.

Price Return

Chaikin Analytics WebApp

Description

Chaikin Analytics WebApp

Up… Description
At/near high Most recent closing price is greater than or equal to the highest closing price for the previous (1 week, 1 month, 3 months, 6 months, 1 year, current year-to-date).

All except “1 week” have a 2% tolerance.

At/near low Most recent closing price is less than or equal to the lowest closing price for the previous (1 week, 1 month, 3 months, 6 months, 1 year, current year-to-date).

All except “1 week” have a 2% tolerance.

Up… Most recent closing price is at least (2%, 5%, 10%, 20%, 50%) greater than closing price (1 week ago, 1 month ago, 3 months ago, 6 months ago, 1 year ago, at end of prior calendar year).
Down… Most recent closing price is at most (2%, 5%, 10%, 20%, 50%) less than closing price (1 week ago, 1 month ago, 3 months ago, 6 months ago, 1 year ago, at end of prior calendar year).

Note: It is technically possible to make multiple statements about Price Return which are contradictory. This is not prevented, but will lead to 0 Results.

Relative
Return vs. SPY

Chaikin Analytics WebApp

Description

Chaikin Analytics WebApp

Return vs. SPY Description
Up… Percent change of stock’s closing price is at least (2%, 5%, 10%, 20%, 50%) greater than percent change of SPY’s closing price over (1 week, 1 month, 3 months, 6 months, 1 year, current year-to-date)
Down… Percent change of stock’s closing price is at most (2%, 5%, 10%, 20%, 50%) less than percent change of SPY’s closing price over (1 week, 1 month, 3 months, 6 months, 1 year, current year-to-date)

Technical Criteria

In the Technicals section, set criteria for current Price levels, various indicators included on Chaikin Analytics charts, and Relative Volume.

Price Level

Chaikin Analytics WebApp

Menu Selection Description
Price Level

Overbought Closing price is high in its short-term range. OB/OS is greater than or equal to 70.
Oversold Closing price is low in its short-term range. OB/OS is less than or equal to 30.
Above Rising LT trend Closing price is above its long-term trend (DEMA); trend rising over last 3 months, and last 5 days.
Below Falling LT trend Closing price is below its long-term trend (DEMA); trend is falling over last 3 months, and last 5 days.
Near Upper Band Closing price is within 2% of its Upper Chaikin Band (above or below).
Above Upper Band Closing price is greater than or equal to its Upper Chaikin Band.
Near Lower Band Closing price is within 2% of its Lower Chaikin Band (above or below).
Below Lower Band Closing price is less than or equal to its Lower Chaikin Band.
Above EMA 21 Closing price is greater than its 21-day Exponential Moving Average (EMA21).
Below EMA 21 Closing price is less than its 21-day Exponential Moving Average (EMA21).
Above DEMA Closing price is greater than its 200-day Double Exponential Moving Average (DEMA). Also: Chaikin Trend, long-term trend.
Below DEMA Closing price is less than its 200-day Exponential Moving Average (DEMA). Also: Chaikin Trend, long-term trend.
Crossover EMA21 today Closing price was less than or equal to EMA21 yesterday and Closing price is greater than EMA21 today.
Crossunder EMA21 today Closing price was greater than or equal to EMA21 yesterday and Closing price is less than EMA21 today.
Crossover DEMA today Closing price was less than or equal to DEMA yesterday and Closing price is greater than DEMA today. Also: Chaikin Trend, long-term trend.
Crossunder DEMA today Closing price was greater than or equal to DEMA yesterday and Closing price is less than DEMA today. Also: Chaikin Trend, long-term trend.

Money Flow

Chaikin Analytics WebApp

Menu Selection Description
Money Flow Very Strong Chaikin Money Flow is greater than or equal to 25
Strong Chaikin Money Flow is greater than or equal to 5
Weak Chaikin Money Flow is less than or equal to -5
Very Weak Chaikin Money Flow is less than or equal to -25
1 mo high persistency Chaikin Money Flow was greater than 0 70% of the last 20 trading days
1 mo low persistency Chaikin Money Flow was less than 0 70% of the last 20 trading days
3 mo high persistency Chaikin Money Flow was greater than 0 70% of the last 60 trading days
3 mo low persistency Chaikin Money Flow was less than 0 70% of the last 60 trading days
6 mo high persistency Chaikin Money Flow was greater than 0 70% of the last 120 trading days
6 mo low persistency Chaikin Money Flow was less than 0 70% of the last 120 trading days

Relative Strength

Chaikin Analytics WebApp

Menu Selection Description
Rel Strength

Very Strong Chaikin Relative Strength is greater than or equal to .8
Strong Chaikin Relative Strength is greater than or equal to .6
Weak Chaikin Relative Strength is less than or equal to .5
Very Weak Chaikin Relative Strength is less than or equal to .2
1 mo high persistency Chaikin Relative Strength was greater than .5 70% of the last 20 trading days
1 mo low persistency Chaikin Relative Strength was less than .5 70% of the last 20 trading days
3 mo high persistency Chaikin Relative Strength was greater than .5 70% of the last 60 trading days
3 mo low persistency Chaikin Relative Strength was less than .5 70% of the last 60 trading days
6 mo high persistency Chaikin Relative Strength was greater than .5 70% of the last 120 trading days
6 mo low persistency Chaikin Money Flow was less than 0 70% of the last 120 trading days

Relative Volume

Chaikin Analytics WebApp

Menu Selection Description
Relative Volume

Very Heavy 9 day average volume is greater than or equal to 2 times 90 day average volume
Heavy 9 day average volume is greater than or equal to 1.5 times 90 day average volume
Light 9 day average volume is less than or equal to .5 times 90 day average volume
Very Light 9 day average volume is less than or equal to .25 times 90 day average volume

Note: In all cases above “Today” refers to the most recent Trading Day for which market data is available.

Fundamental Criteria

In the Fundamentals section, select criteria related to Market Cap, Dividend Yield, and Earnings Date.

Other Fundamental fields may be represented as Factors in the Rating Criteria section.

Menu Selection Description
Market Cap Micro Cap Market Cap is less than $300 million
Small Cap Market Cap is between $300 million and $2 billion
Mid Cap ($2b – $10b) Market Cap is between $2 billion and $10 billion
Large Cap (> $10b) Market Cap is at least $10 billion
Small & Mid Cap Market Cap is between $300 million and $10 billion
Mid & Large Cap Market Cap is at least $2 billion
Div Yield Positive Dividend Yield > 0
1%-5% Dividend Yield is at least (1%, 2%, 3%, 4%, 5%)
Earnings Date Today/Yesterday Company reported Earnings either yesterday or today*
Tomorrow Company reports Earnings tomorrow
Within the next week Company reports Earnings within the next 7 days

Within the past week Company has reported Earnings within the last 7 days.

Beta Low < 1 Lower volatility than the market (S&P500)
=>1 and <=2 Voltatily at the market or moderately higher
High >2 Much higher volatility than the market (S&P500)

*Earnings report dates are updated nightly, and indexed for Screening before each market open. When a company reports during the day, its “Last Report Date” and “Next Report Date” will be updated to reflect this in the Screener the following day. All dates are current calendar day, Eastern U.S. time.

In Chaikin Analytics, the fundamental fields we have found to be predictive to future intermediate-term relative price performance are included in the Power Gauge model. Factors are normalized to either the stock’s Industry Group or the Russell 3000, based on our backtesting.

Signals

In the Signals section, screen for stocks which have had Chaikin Buy or Sell Signals within the last week.

Stock has had Chaikin Analytics WebApp Within Chaikin Analytics WebApp

Sectors & ETF View

Overview

Investing in Sector funds is an excellent way to place a bet on high-level market dynamics that reflect where the economy is in its business cycle, reducing the exposure to individual stocks or specific sub-industries.

Chaikin suggests a basic strategy of holding strong stocks in strong Industries and Sectors to build the core of an equity portfolio.

Sector Performance navigation

Select “Sectors” from the workspace navigation area to see the Sector Performance view, which allows you to compare performance of the major market Sectors and Subsectors over various time periods, as well as drill into holdings and detail information.

Sector Performance View

Sectors & Subsectors

In the selector at left, choose between “Sectors” or “Subsectors”. By default, you will see a Performance table comparing the 9 major Sector ETFs, along with the SPDR S&P500 Index ETF (SPY).

These are the Select Sector SPDR ETFs from State Street, which contain the stocks in the S&P 500 Index — the 500 largest U.S. companies. They are the most common and liquid ways to make direct Sector investments, and are weighted by market cap.

The 9 major Sector ETFs are:

  • Basic Materials (Ticker: XLB)
  • Consumer Discretionary (XLY)
  • Consumer Staples (XLP)
  • Energy (XLE)
  • Financials (XLF)
  • Health Care (XLV)
  • Industrials (XLI)
  • Technology (XLK)
  • Utilities (XLU)

The 20 Subsectors are comprised of stocks in the S&P Total Market Index, which include approximately 1000 U.S. stocks, including mid-cap stocks whose market cap is not large enough to quality for the S&P 500.

Note: S&P has announced 2 new Financial Sector classifications — Real Estate and Financial Services — which will be come official in August, 2016. State Street has issued the XLRS and XLFS Select Sector ETFs to track these. However the XLF is still the primary vehicle traded to track the Financial Sector, and will be used by Chaikin Analytics while this is the case.

Performance Table

Sector Performance Table

By default, the Performance Table will show items (Sectors, Subsectors, Indices, or ETFs) in order of their “Power Bar Score”, which looks at the ratio of Bullish to Bearish stocks in the selected grouping. This is a powerful way to immediately spot strong and weak Sectors, available only in Chaikin Analytics.

The table shows the item’s Name, “Weekly Mover” indication, Power Bar, Last, and Percent Change over the past 6 months (or whatever time frame is selected in the Performance chart at right). Click any column to sort by it, highest to lowest, and again to sort lowest to highest.

Weekly Mover Indication (“Week” column)

Weekly Mover Indication

Knowing which Sectors have had significant recent change in their Bullish/Bearish composition can be a great way to spot early ‘sector rotation’. The Weekly Mover indication will show a green Up Arrow for stocks which have moved up the most in Power Bar Rank over the past week, a green “+” for other up movers, and a red Down Arrow or “-” sign for Sectors which have moved down in Power Bar Rank.

If you are heavily exposed to a Sector which has seen its rank drop significantly, it is worth a closer look. Sectors which are starting to move up in rank from low positions may be candidates for early Buy ideas.

Sector Buy idea

Hover over a row in the Week column to see any Sector’s weekly percent change vs the SPY, change in Power Bar Rank, and the previous and current Bullish/Neutral/Bearish breakdowns for the Sector.

Comparison Chart

Comparison Chart

By default, the top 3 Sectors in the Performance Table, and the SPY, will be checked and displayed in the Sector Comparison Chart at top right. The chart will show relative 6-month performance of the selected Sectors by default, and you can change the time frame to see performance over the last Week, Month, 3 months, Year, or Year to Date.

Breakdown & Summary

Breakdown of Utility Sector
Utility Sector Breakdown

Click on a Sector in the Performance table to display its component Breakdown and Summary.

The Breakdown shows a chart of the stocks that make up the largest percent of the Sector’s holdings, which are weighted by market cap. Click “See all in Workspace” to switch to the Workspace, with the Sector displayed in the Watchlist and top stock charted.

The Sector Summary at right shows a paragraph recapping the Sector’s recent performance, and detail about the Sector ETF.

Indices

You can compare the relative performance of ten major market indices in the same way you can compare Sectors and Subsectors. As usual, the S&P500 is selected by default along with the top three performing indices for 6 month time period. You can view the details of each index’s ETF by clicking on the ETF in the Performance Table.

Indices

ETFs

Select “ETFs” from the workspace navigation area to see all the available ETFs. The default selection is “Large Cap Growth” ETFs from “All Issuers” and the top four checked for viewing in the Comparison Chart.

ETFs Menu

Dropping down the Issuers Menus will show which companies offer ETFs of the type selected in the “type” menu. Below shows the issuers that offer Large Cap Growth ETFs.

ETFs Issuers Menu

Note: If you select “All Types” and “All Issuers” it will take a short while to load all the ETFs in the system.

Include Active Management

Most ETFs use a passive management style, that is, they attempt to match an index. However, there are ETFs that are actively managed, that attempt to increase performance by using shorts, stock selection, and other techniques. You can view these by clicking on this checkbox.

Note: Actively managed ETFs usually have much higher expense ratios than other ETFs of their type.

Sector ETFs

In the “Sectors” radio button selection there are nine sectors represented by S&P ETFs. But by using the Sector ETFs menu selection “type” under the ETFs radio button, you can view sector ETFs from all issuers.

Sector ETFs

The illustration above shows the four communication sector ETFs.

Industry ETFs

You can view ETFs by industry by selecting “Industry ETFs” from the “Types” drop-down menu.

Industry ETFs

There are over 30 different industries represented by ETFs.

Viewing a Single Issuer’s ETFs

To view a single issuer’s ETFs just select “All Type” and then pick their name off the issuers menu. The example below shows all the ETFs offered by Charles Schwab. When viewing Sectors or Industries, the Issuers menu updates so you can view the ETFs of that type offered by a specific issuer.

ETF Single Issuer

Coverage

Chaikin Analytics provides quotes, history, and technical analytics on all ETFs traded on NYSE or NASDAQ (around 1400), and constituents for long-only U.S. equity ETFs (around 500). ETFs have limited Fundamental data and do not currently have Ratings.

Sector/ETF FAQs

What are the SPDR Sectors and how can I use them in my investments?

What is ‘Sector rotation’?

What analytics does Chaikin provide for Sectors?

How are Sectors and Sector ETFs determined?

What is the difference between ‘Sectors’, ‘Sector Indexes’, and ‘Sector ETFs’?

Are there other Sector ETFs besides the SPDRs?

What changes are being made to the Financial Sector?

What are Subsectors?

How are Subsectors different from Industry Groups and Industries?

What are the SPDR Sectors and how can I use them in my investments?

SPDR Sector ETFs, issued by State Street Global Advisors, are the largest and most liquid Exchange-Traded Funds designed to track the overall market sectors of the U.S. economy. They are comprised of the 500 large-cap stocks in the S&P 500 index. They divide the index based on Sector classification, and are weighted based on the market cap of their constituent stocks.

What is ‘Sector rotation’?

“Sector rotation” refers to the tendency of market sectors to behave roughly in phase with the larger economic business cycle – Expansion, Contraction, Recession, or Recovery. For instance, as the Energy Sector remained weak in response to lower oil prices through the latter half of 2015, investors moved into the more conservative Utilities sector, driving it up in early 2016.

Helpful links:

Overview of Sector Rotation from Investopedia.

Sector investing and the Business Cycle from Fidelity.

What analytics does Chaikin provide for Sectors?

In addition to the Sector Performance View, Chaikin provides charts for Sector ETFs, with technical analytics including moving averages, trading bands, Chaikin Money Flow, Relative Strength, and Overbought/Oversold indicators, Relative Strength Buy/Sell Signals, and “Power Bars” which show the Bullish/Neutral/Bearish breakdown of Chaikin Power Gauge ratings for stocks in the Sector.

How are Sectors and Sector ETFs determined?

In 1999, Standard & Poor’s and MSCI Barra jointly developed the Global Industry Classification Standard (GICS®) to establish a global standard for categorizing companies into sectors and industries. It allowed for consistent designations of companies in different markets, using a four-level hierarchy: Sectors, ‘Industry Groups’, Industries, and Subindustries. There are 10 Sector classifications.

Standard & Poors created S&P 500 Sector Indexes based on the GICS Sector designations, which include the stocks in the large-cap S&P 500 Index for each of the 10 Sectors.

State Street Global Advisors, which had created the popular SPDR S&P 500 ETF (SPY), issued “SPDR Select Sector ETFs” — Exchange-Traded Funds which track the S&P Sector Indexes. These are by far the largest and most liquid Sector ETFs.

Though there are 10 Sector codes and Indexes, there are only 9 Sector ETFs. (There are not enough S&P stocks in the Telecommunications Sector to meet the minimum ETF listing requirements, so this Sector is folded into the Technology Sector ETF).

Helpful links:

GICS Methodology

S&P Dow Jones Industry Indices

About SPDR Select Sector ETFs

What is the difference between ‘Sectors’, ‘Sector Indexes’, and ‘Sector ETFs’?

“Sectors” or “Sector codes” are a classification scheme. Indexes are created to track specific Sector codes – but you can’t invest directly in an index. For that, you need a fund.

“Sector ETFs” are funds you can invest in, which track Sector Indexes. They have certain requirements that Indexes don’t, and their constituents or weightings may reflect these differences.

The SPDR Sector ETFs were created to track the S&P Select Sector Indexes, which are based on the S&P/MSCI GICS classifications. There are 10 Sector codes and Indexes, but 9 ETFs which track them.

Are there other Sector ETFs besides the SPDRs?

Yes, other companies offer Sector ETFs including Blackrock’s iShares, First Trust, and Vanguard.

These are accessible from the ETFs section of the List Navigator.

What are the recent changes to the Financial Sector?

In 2014, S&P announced they would be breaking apart the Financial Sector classification into a Real Estate Sector and a Financial Services sector, to better reflect the growing and changing dynamics of the Real Estate investment industry, whose fundamentals are the least correlated with other groups in the Financials Sector. That designation goes into effect at the end of August 2016. In 2015, State Street issued the XLRE and XLFS Select Sector ETFs to track the new designations. These are mostly appropriate for money managers who follow a strict GICS discipline. The XLF SPDR Financial Sector ETF continues to be traded, and currently dwarfs the XLRE and XLFS in assets and trading volume. While this is the case, Chaikin will use the XLF in its Sector lists.

What are Subsectors?

The 20 ‘Subsectors’ in Chaikin Analytics are the State Street ETFs which track Industry Groups. Most of them are benchmarked to one of the Standard & Poors Select Industry Indexes, which are comprised of groups of related Subindustries, They consist of around 1,000 stocks chosen from the S&P Total Market Index, which includes companies whose market cap is not large enough to qualify for the S&P 500, and are constructed using a modified equal weighting system.

In some cases, such as the Technology Subsectors, State Street uses a provider other than Standard & Poors for its benchmark indexes.

How are Subsectors different from Industry Groups and Industries?

The terminology around “Industries” can get a bit confusing. Here’s the rundown:

  • S&P/MSCI in their GICS classifications uses the following 4 levels: Sector/ Industry Group/ Industry/ Subindustry
  • However, the term “Industry Group” is not often maintained by other information providers, and the term “Industry” has various, similar meanings across providers.
  • Chaikin Analytics has used the terms “Industry Group” and “Industry” interchangeably since our inception, and we use “Industry” to refer to the Zacks Industries we display in the application. These are also based on GICS classifications, but with modifications specific to Zacks. State Street calls their ‘Subsector’ level ETFs, “SPDR Industry ETFs”.
  • For these reasons, we use the term “Subsectors” to refer specifically to State Street’s ‘subsector level’ SPDR ETF classification. We use this term in the Markets Menu drop-down, the List Navigator, and the Sector Performance view. Many other vendors also use this term.

S&P: Industry Groups, State Street: Industries, Chaikin: Subsectors.

They all refer to groupings of related Industries at the sub-sector level.

OptionsPlay

Overview

Chaikin Analytics has partnered with OptionsPlay.com to offer Options strategy capabilities that align with the Chaikin mission of “reducing information overload” in the investing process. OptionsPlay distills complex stock Option chains into a small number of strategy alternatives that maximize your risk/reward potential, given a Bullish or Bearish sentiment on the stock.

OptionsPlay will automatically populate a simulated Trade ticket with information about your selected strategy, for you to enter into your trading system (though it will current not enter the trade for you).

OptionsPlay functionality is included in the Chaikin Analytics WebApp application as a part of the service, for no extra charge.

Accessing Options Play

Once you have entered a valid stock into the Chart, press the Options button in the chart header:

Chaikin Analytics WebApp

Disclaimer. The first time you do this, you will see a Disclaimer to acknowledge. Press “I Agree” to continue.

Video Walkthru. Next, you will see a Video Walkthru of the OptionsPlay window. You can watch it or return to it any time on the chaikinanalytics.com/Resources page. It is also accessible from the Settings (gear wheel) menu, under OptionsPlay/Video Walkthru. Press “Continue to Application” to see OptionsPlay.

OptionsPlay Window

The OptionsPlay window will automatically populate with suggested strategies about the stock you are viewing.

You can also select a stock in the Watchlist, or enter a symbol in the Symbol Entry Box while the OptionsPlay window is open.

Chaikin Analytics WebApp

Stock Header & Sentiment

At top you will see a Header with basic stock quote information, and Trend sentiment from OptionsPlay.

Below that you can set an overall stock sentiment with the “I’m Bullish” or “I’m Bearish” links. Initially, these will be set automatically based on the Chaikin Power Gauge Rating for the stock.

Strategies

Based on the selected sentiment, OptionsPlay will suggest 3 strategies:

Chaikin Analytics WebApp

1. a Buy or Sell of the underlying shares of the stock

2. a Put or Call of the underlying shares of the stock

3. a Vertical Call strategy – typically one that will reduce the price of the long call and usually has a higher return if the upper strike price is met.

Trade Panel

If you like any of the suggested Strategies, press “Trade” to see a Trade Panel populated with information necessary to execute that Strategy:

Chaikin Analytics WebApp

Other Strategy Info

Scroll down to see 5 tabs of other useful supporting information:

  • P & L Simulator

Chaikin Analytics WebApp

  • Plain English Strategy description

Chaikin Analytics WebApp

  • Trading Range Simulator

Chaikin Analytics WebApp

  • Risk and Investment Calculator

Chaikin Analytics WebApp

  • Strategy Editor

Chaikin Analytics WebApp

Income Strategies

Press “Income” to see suggested Covered Calls or Short Puts, which can be used as income generating positions.

Chaikin Analytics WebApp

Earnings

Overview

Earnings

The quarterly cycle of analyst Earnings Estimates and company Earnings Reports can be an important driver of stock price activity. Chaikin Analytics presents Earnings Per Share (EPS) information in multiple places — this section will explain where this data comes from, how it is processed for display, and how you can use it to improve your investment decisions.

Sources

Chaikin uses Earnings information from two different sources – both industry-leading providers, though their methodologies differ in some cases.

Zacks

Earnings and Estimate data displayed in most Chaikin applications is sourced from Zacks Investment Research. Zacks uses a proprietary reporting methodology (Zacks BNRI, or “Before Non-Recurring Items”) which can differ from the typically reported “Street Estimates” and “Street EPS”, but makes values more consistent across stocks and time.

We receive 3 types of Earnings-related information from Zacks:

  • Quarterly Earnings Reports are processed nightly. They include newly reported EPS values for the current quarter and fiscal year, and are used to generate:
    • Earnings Surprise Hot Lists
    • Earnings Icons
    • Earnings information in the Chart Header.
    • Earnings Surprise Alerts.

    Earnings Reports are also received at multiple times during the trading day—these intraday updates can generate Earnings Surprise Alerts, Earnings icons, and will affect Chart header information. Earnings Surprise Hotlists will be updated the following morning.

  • Consensus Estimate Revisions are processed nightly. These include changes to the average Analyst EPS Estimate for the current reporting quarter. (We do not process estimates from individual analysts.) These are used to generate:
    • Earnings Estimate Icons
    • Earnings Revision Alerts
    • Earnings Revision Hot Lists.
  • Company Fundamentals. Basic company fundamental information – including current and historical EPS and Estimate data – is updated daily prior to market open. It is used for:
    • Stock Detail in the Chart Header
    • Historical Earnings on the Chart
    • Tables in Power Gauge Reports and Portfolio Health Check
    • Earnings Report Dates in the Screener.

S&P Compustat

Data used in the Chaikin Power Gauge model is provided by our portfolio modeling vendor Portfolio123, which sources its data from S&P Compustat. Information is updated daily after each trading day, prior to the next market open, and is used to generate:

  • Inputs to the Chaikin Power Gauge stock rating
  • Power Gauge component and factor “slider” displays
  • Language derived from factor values in Chaikin Power Gauge Reports.

Earnings Alerts

Earnings Alerts

Earnings Reports and Consensus Estimate revisions generate Alerts, which are shown in the Alert Window accessible from the icon in the Watchlist:

  • Bullish & Bearish Earnings Surprises. Companies which have reported quarterly EPS different from the analyst consensus estimate, since the last trading day.
  • Bullish & Bearish Estimate Revisions. Companies whose consensus earnings estimate for the upcoming quarter has changed (by at least $.02 and 2%), since the last trading day.

These Alerts should be considered a “call to attention”, if you own or are considering trading a stock. They are described in depth in the Watchlist section.

Note: Remember that Earnings Alerts are generated from Zacks data, which uses their “BNRI” methodology – so the numbers, while more consistent overall, may not always match what you see on CNBC or elsewhere. This does not mean they are “wrong”, just that they have been normalized for more consistency across stocks.

Earnings Hot List

Earnings Alerts

The “Chaikin Hot Lists” section of the List Navigator contains an “Earnings Hot Lists” folder with lists of stocks triggering Bullish & Bearish Earnings Surprises and Estimate Revision Alerts today.

Note: Hot Lists are updated once a day before the open; stocks which have triggered Earnings Surprises during the trading day will not be included, though these will show in the Alerts Window. Hot Lists also check to ensure a stock has had a valid Power Gauge Rating for at least 3 months, while Alerts do not.

The Earnings Hot Lists folder also contains an Upcoming Earnings Ideas list. These are manually selected stocks reporting Earnings this week (updated Sundays).

Icons & Chart Headers

Earnings Icons
Earnings Chart Header

The Watchlist and Panel View display icons to quickly identify stocks with Upcoming Earnings, Earnings Surprises, and Estimate Revisions, and relevant Earnings information will be shown in the Chart Header when you chart a stock.

Note: To see Earnings info in the Chart Header, widen your browser. If a stock does not have a valid Next or Last Report Date, you will see “No earnings data.” (this includes ETFs).

Upcoming Earnings

A grey icon indicates a stock reporting Earnings today or tomorrow.

It may be accompanied by a Bullish or Bearish Warning (“!”).

Hover over the icon to see information about a stock’s upcoming Earnings.

Upcoming Earnings

The top section shows Next Report Date, Fiscal Quarter, and Quarterly Consensus Estimate for the upcoming Earnings Report, and Year Ago Quarterly EPS.

If there is a green or red Warning icon (“!”), there will be a message explaining it:

A Bearish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bearish (bottom 20% of the Russell 3000)
  • A recent drop in the Consensus Estimate or average Analyst Rating.

A Bullish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bearish (bottom 20% of the Russell 3000)
  • A recent drop in the Consensus Estimate or average Analyst Rating.

Chart Header

Earnings Icons

Generally, when you chart a stock, you will see info about the stock’s upcoming Earnings report in the Chart Header:

  • Report Date
  • Fiscal Quarter reported
  • Consensus Earnings Estimate for current quarter.

Hover over the “EPS” icon to see Upcoming Earnings detail.

Earnings Surprises

Upcoming Earnings Beat
Upcoming Earnings Miss
Upcoming Earnings Meet

For 5 trading days after an Earnings report, the EPS icon in the Watchlist will turn green, red, or black depending on whether actual Earnings beat, missed, or matched the consensus estimate. If there was an Earnings Surprise, you will see a Surprise icon (“!“).

Hover over an EPS icon for detail about the completed Earnings report, including:

  • Report Date
  • Fiscal Quarter reported
  • Quarterly EPS reported & change vs. 1 year ago
  • Quarterly Revenue reported & change vs. 1 year ago
  • Consensus Estimate
  • Amount by which the reported EPS missed or beat the estimate.

Chart Header

Earnings Surprises

If the stock you are charting has reported Earnings within the past 5 trading days, you will see information about the most recent report in the Chart Header:

  • Report Date
  • Actual Reported Quarterly EPS
  • Consensus Estimate at time of report
  • A Bullish Earnings Surprise (actual EPS greater than estimate) will be colored green.
  • A Bearish Earnings Surprise (actual EPS less than estimate) will be colored red.

Hover over the “EPS” icon to see Earnings Detail.

Estimate Revisions

You will see a green or red EST icon or for any stock with an Estimate Revision Alert (which isn’t displaying an upcoming or recently reported EPS icon).

Estimate Revision Alerts are processed nightly after each weekday, and generate an Alert for stocks where the consensus has moved more than 2c (and more than 2%) in either direction.

Earnings Estimates

Hover to see the old and new consensus estimate.

Chart Header

Earnings Estimates

If the stock you are charting is displaying an “EST” icon, you will see Estimate Revision info in the Chart Header, including Fiscal Quarter, old and new estimate.

Hover over the EPS icon to see Upcoming Earnings detail.

Historical Earnings on Chart

Earnings

Click the EPS icon on the Chart Header to see where a company has previously reported Earnings.

At a glance, you can see not only whether a stock has tended to make or miss expectations, but how the stock reacted soon after each Report. This can be helpful in determining a plan of action around an Earnings Report.

A Green EPS icon indicates a report that beat expectations, Red EPS indicates a miss, and Grey indicates that actual reported EPS was equal to the Consensus Estimate.

Earnings

Hover over an EPS icon to see the quarterly Consensus Estimate at the time of the report, actual reported quarterly EPS, and amount by which the company beat or missed expectations.

Chaikin Power Gauge

Chaikin Power Gauge

Press the drop-down button ( ) to expand the Chart Header and see Power Gauge components for the stock you are charting.

Press ( ) next to any component to expand its factors.

Earnings-related components and factors are described below. Definitions for all model factors are listed in the Chaikin Power Gauge Factor Guide.

Power Gauge data is provided by Portfolio123, sourced from S&P Compustat, and may differ in some cases from Zacks data. Data is updated after each trading day prior to the next market open.

Earnings Surprises

The Earnings Component consists of 5 Earnings-related factors which identify companies with steadily growing Earnings, managing surprises well, which are not overvalued on a projected basis.

Factor Definition
Earnings Growth Weighted average of 3-5 year EPS growth
Earnings Surprise Weighted average of recent quarterly EPS surprises
Earnings Trend EPS %change, trailing 12 months
Projected P/E Current price / mean analyst EPS estimate, next fiscal year (Relative to Industry)
Earnings Consistency EPS consistency, recent and projected fiscal years.

Factor scores are computed by evaluating the formula for each stock and ranking them to determine each stock’s position in the Russell 3000 universe or Industry Group. These ranks are displayed as a ‘slider’ with 5 positions from Very Weak to Very Strong:

Chaikin Power Gauge

The Earnings Component value is determined by weighting the five individual Earnings factors (using a proprietary weighting scheme) and combining them into a composite score, which is also displayed as a ‘slider’ with values from Very Weak to Very Strong. The Earnings Component score represents 30% of the overall Power Gauge Rating value.

Estimate Trend Factor

Estimate Trend 13-week change, mean analyst EPS estimate, next fiscal year

Chaikin Power Gauge

One might assume that current Consensus Estimate levels would be a good indication of future price activity. In actuality, current Estimates are generally already factored into current prices and are not generally predictive. What we have found to be predictive, however, is the movement of Consensus Estimates, or “Estimate Trend”.

Often, Wall Street analysts covering a company will raise or lower their estimates in coordinated fashion preceding a price move. Our backtesting has found a positive correlation between the 13-week change in the upcoming fiscal year mean estimate and relative price performance 1-6 months in the future.

The Estimate Trend factor looks at this value, ranked across the Russell 3000 universe, and displays it as a ‘slider’ with a value from Very Weak to Very Strong.

Company Fundamental Data

Stock Detail in Chart Header

Chaikin Power Gauge

Press the drop-down button ( ) to expand the Chart Header and then press the Previous/Next arrows (   ) to slide through panels of stock detail information including Fundamentals, Performance, Earnings, and Ratios.

Earnings data is sourced from Zacks, using their BNRI methodology, and is updated prior to market open each morning.

Screener

Chaikin Power Gauge

Screen by Earnings Date to find stocks with recent or upcoming Earnings Reports.

Today/Yesterday Company reported Earnings either yesterday or today
Tomorrow Company reports Earnings tomorrow
Within the next week Company reports Earnings within the next 7 days
Within the past week Company has reported Earnings within the last 7 days

Note: Earnings report dates are indexed for Screening before each market open. When a company reports during the day, its “Last Report Date” and “Next Report Date” will be updated to reflect this the following day. All dates are current calendar day, Eastern U.S. time.

Power Gauge Reports

Chaikin Power Gauge Reports

Chaikin Power Gauge Reports are generated daily on over 5,000 U.S. stocks which have a valid Chaikin Power Gauge Rating. They provide a clear explanation of each of the 4 Power Gauge components – Financials, Earnings, Technicals, and Experts. Each component has a Summary section describing how the factors within it contributed to its Bullish/Bearish value, and has related supporting data and charts not available elsewhere in the application.

Earnings Component & Summary

Chaikin Power Gauge Reports

The Earnings Component display and Earnings Summary text are derived from data internal to the Power Gauge model, provided by Portfolio123, and sourced from S&P Compustat. Data is updated after each trading day prior to the next market open.

Note: Summary language (e.g. “poor”, “relatively low”, “strong”) describes the values of factors which are relative rankings within a universe. The language does not describe the values of the underlying data itself. A value may seem “high” but rank low relative to a universe, and be described as “poor”. This is intentional and is one reason the Power Gauge model is effective.

Other Earnings Information

Other Fundamental data in the Earnings and Experts sections is as of the previous nightly Zacks update, adjusted according to Zacks BNRI (“Before Non-Recurring Items”) methodology, and does not reflect intraday Earnings Reports.

Earnings Section
Chaikin Power Gauge Reports

Experts Section
Chaikin Power Gauge Reports

Portfolio Health Check

Chaikin Power Gauge Reports

The Portfolio Health Check report shows important events occurring for the stocks in the list you are currently viewing.

Data for recent Earnings Suprises, Estimate Revisions and Upcoming Earnings Reports is as of the previous nightly Zacks update, adjusted according to Zacks BNRI (“Before Non-Recurring Items”) methodology, and does not reflect intraday Earnings Reports.

More detail is in the Portfolio Health Check section.

FAQs

What are Quarterly Earnings Reports?

What are Earnings Estimates?

What is the “Consensus Estimate”?

What is Earnings Guidance?

What are Earnings Surprises?

What are Estimate Revisions?

What is Earnings Season?

How can I best use Chaikin Analytics to trade during Earnings Season?

Where does Chaikin Analytics source Earnings information?

What is the Zacks “BNRI” methodology?

How often is Earnings data updated?

How does the Chaikin Power Gauge model incorporate Earnings information?

Why is the EPS (or Estimate) number in Chaikin Analytics different from CNBC (or Yahoo Finance, or…)

Why does Earnings information in the Power Gauge not match the rest of the app?

What are some differences between Zacks Earnings methodology and “Street EPS”?

Sometimes “Upcoming Earnings Date” is in the past — how can this be?

What are Earnings Alerts?

What Earnings Hot Lists are available?

Why don’t Earnings Hot Lists exactly match Earnings Alerts?

What are the “EPS” icons in the Watchlist?

What are the “EST” icons in the Watchlist?

How can I find stocks reporting Earnings today, recently, or soon?

How can I see a company’s previous Earnings history?

What are Quarterly Earnings Reports?

The quarterly earnings report is a quarterly filing made by public companies to report their performance. Earnings reports include items such as net income, earnings per share (EPS), earnings from continuing operations and net sales. These reports follow the end of each quarter. Most companies file in January, April, July, and October.

An earnings report is a ‘report card’ of sorts for public companies. It is through these reports that companies let shareholders know how well they have performed over the past time period. Most often the key metrics – net income and EPS – are weighed against the previous years’ numbers. By analyzing this comparison, investors can begin to gauge the financial health of the company and whether or not it deserves their investment. (from investopedia.com)

What are Earnings Estimates?

An earnings estimate is an analyst’s estimate for a company’s future quarterly or annual earnings. Future earnings estimates are arguably the most important input when attempting to value a firm. By placing estimates on the earnings of a firm for certain periods (quarterly, annually, etc.), analysts can then use cash flow analysis to approximate a fair value for a company, which in turn will give a target share price for publicly traded companies.

Analysts use forecasting models, management guidance and fundamental information on the company to derive an estimate. Market participants rely heavily on earnings estimates to gauge a company’s performance when announcing quarterly or annual results. The analysts’ earnings estimates are used as a benchmark to measure a firm’s performance about how experts expected it would do. (from investopedia.com)

What is the “Consensus Estimate”?

When people speak about the “Consensus Estimate,” they typically mean the average (or mean) estimate for Earnings Per Share (EPS) for the current fiscal quarter, across all analysts who cover the company. This would typically be considered the “Street Estimate.” Specific data providers may adjust “Street Estimates” by applying certain rules, such as filtering outlying estimates, or only including estimates updated after the latest company guidance, to arrive at the values they distribute as “Consensus Estimates”.

What is Earnings Guidance?

Companies may issue “Earnings Guidance” either as part of their quarterly reporting process or in certain cases in response to events during a fiscal quarter, to set the expectations of analysts and investors as to their likely future earnings performance. If the guidance is in response to information not already generally available to the markets, this can set off a chain of analyst estimate revisions and corresponding price reaction.

Often, companies can issue guidance ahead of a disappointing quarterly report, and analysts will revise their estimates accordingly, leading the company to appear to have “made the consensus”, or even had a “positive earnings surprise”, when closer scrutiny would reveal the opposite. This is one reason prices do not always move in the direction of an Earnings Surprise – the information may have been already priced in based on guidance and revised estimates.

What are Earnings Surprises?

Earnings Surprises refer to quarterly Earnings Reports in which the reported actual EPS is different from the consensus estimate.

  • Bullish Earnings Surprises happen when the actual is greater than the estimate.
  • Bearish Earnings Surprises happen when the actual is lower than the estimate.

While it is useful to stay aware of Earnings Surprises for stocks you are following, a specific Earnings Surprise may or may not trigger a corresponding price move, often depending on whether the market has already reacted in response to prior company guidance, revised Earnings estimates, or a “whisper number” which differed from the consensus.

It is also useful to look at a company’s recent Earnings Surprise history. Chaikin’s backtesting has shown a positive correlation between companies that manage their Earnings to generally avoid negative surprises, and future 1-6 month relative stock performance: companies that manage surprises well tend to perform better. This is reflected in the Chaikin Power Gauge’s Earnings Surprise factor. You can also see recent quarterly surprises at a glance by clicking the “EPS” button on the Chart to toggle recent Earnings reports. Positive surprises will be in green, negative in red. Hover over the “EPS” icon for actual EPS, consensus estimate EPS at the time, and the difference. (These numbers will all use Zacks BNRI methodology, which may differ from “Street EPS”). Notice the price activity following these events.

What are Estimate Revisions?

Estimate Revisions are changes to either individual analyst estimates, or (more commonly) to the Consensus (i.e. average or mean) estimate for a company’s earnings. These may be made in response to changing market conditions, specific company guidance, or actual reported earnings performance.

Chaikin has found the direction of consensus estimate revisions to be predictive of intermediate term price performance, which is reflected in the Estimate Trend factor of the Chaikin Power Gauge model.

What is Earnings Season?

Earnings season is the period of time during which a large number of publicly traded companies release their quarterly earning reports. In general, each earnings season begins one or two weeks after the last month of each quarter (December, March, June and September).(from investopedia.com)

Note. Though there is an Earnings Season, there are not, to our knowledge, any Earnings Playoffs.

How can I best use Chaikin Analytics to trade during Earnings Season?

With the caveat that trading around individual events, especially Earnings reports, greatly increases the variance of returns, and is not recommended as an overall investment strategy – you should be able to use various Chaikin analytics to help position you favorably ahead of Earnings reports. Any trading around Earnings events should be done with appropriate caution in the form of firm stop losses or options positions to limit risk.

The first way Chaikin can improve your returns is by helping you “play defense”. If you own stocks with Bearish Power Gauge Ratings and Bearish technicals (below a falling long-term trend, negative money flow and/or relative strength persistency), you should consider exiting these stocks ahead of Earnings as they are at the most risk of negative Earnings surprises and corresponding price drops – especially Bearish stocks which have rallied short-term to become overbought. Overbought Sell signals should be most heeded ahead of Earnings reports.

If you have a more aggressive trading style, you may consider actively shorting or buying Puts on these stocks, especially for those in Weak Industries, and in more neutral to bearish market conditions.

On the flip side, it is more difficult to convert Bullish metrics into short-term Earnings gains, as downside price gaps following negative surprises tend to outnumber upside price gaps following Bullish surprises. It can be done, but is a somewhat lower probability. That said, staying long Bullish stocks in Strong Industries, with bullish technicals remains a suggested strategy both for intermediate-term investing, and around short-term Earnings events.

Where does Chaikin Analytics source Earnings information?

We receive Earnings and Estimate data directly from Zacks Investment Research. This data is used to generate Earnings Alerts, Icons, and Hot Lists, and for display in the Chart, Screener, Power Gauge Reports, and Portfolio Health Check.

The Earnings data inside the Chaikin Power Gauge model factors is provided by Portfolio123 and is sourced from S&P Compustat. Factor values are used to generate the summary language in Chaikin Power Gauge reports.

The two sources are both industry-leading providers, however, they use different methodologies to normalize Earnings and Estimate information.

What is the Zacks “BNRI” methodology?

Different companies can use different methods for accounting for similar line items. This can make it hard to compare reported numbers, even across stocks int he same industry. Zacks uses a proprietary methodology called Zacks BNRI (“Before Non-Recurring Items”) to consistently account for items across stocks, and across time. The resulting numbers can differ from the typically reported “Street Estimates” and “Street EPS” which are reported by CNBC, and other financial information sources.

How often is Earnings data updated?

  • Company Fundamental information is updated daily before market open. It includes current and historical EPS and Estimate data, as of the most recent quarterly report.
  • Quarterly Earnings Reports are processed five times during each trading day, with final reports processed nightly. Intraday reports will be displayed as Earnings Alerts (in the Alerts Window of the Watchlist), but all other Earnings data only includes numbers received as of the previous nightly update.
  • Consensus Estimate Revisions are processed nightly.
  • Power Gauge Factors are updated after each trading day, before the next market open.

How does the Chaikin Power Gauge model incorporate Earnings information?

The Earnings Component represents 30% of the Chaikin Power Gauge Rating. It favors companies with steadily growing Earnings, managing surprises well, which are not overvalued on a projected basis. The factors are: Earnings Growth, Earnings Surprise, Earnings Trend, Projected P/E, and Earnings Consistency. The Experts component has an Estimate Trend factor which looks at the 13-week change in the Consensus Estimate for the upcoming fiscal year.

Why is the EPS (or Estimate) number in Chaikin Analytics different from CNBC (or Yahoo Finance, or…)

While this could just be due to different providers processing data at different rates, this is often due to Zacks proprietary “BNRI” (“Before Non-Recurring Items”) methodology which takes Street EPS and Street Estimates and normalizes them to handle similar accounting items in a consistent fashion across stocks and across time. So while numbers may be different than the publicly reported ones, this does not make them wrong. They’ve just been normalized for more consistent analysis.

Why does Earnings information in the Power Gauge not match the rest of the app?

There are two possible reasons for differences between Power Gauge factors and other Earnings information: sourcing, and relative scaling.
1) Power Gauge factors are sourced from S&P Compustat. Other Earnings information in the system is sourced from Zacks, which used a proprietary
2) Power Gauge factors represent a stock’s relative position in the Russell 3000 universe (or its Industry Group). So even if analysts have been raising estimates, it is possible that they have been raising estimates more on other stocks, causing the Estimate Trend factor to look less positive than expected.

Sometimes “Upcoming Earnings Date” is in the past – how can this be?

For certain stocks (mainly very small stocks and international companies), Zacks estimates a next report date. Also, sometimes a stock just doesn’t report on the expected date and hasn’t announced a new report date yet. In these cases, we will consider this an “Upcoming Earnings Report” for one week from the original report date.

What are Earnings Alerts?

Earnings Alerts shown in the Alerts Window of the Watchlist are generated from nightly Earnings Reports and Estimate Revisions, and intraday Earnings updates. Chaikin Analytics generates Bullish & Bearish Earnings Surprise Alerts and Estimate Revision Alerts, which will be displayed until the following trading day.

What Earnings Hot Lists are available?

Hot Lists for Bullish and Bearish Earnings Surprises and Estimate Revisions are in the Chaikin Hot Lists/Earnings Hot Lists folder of the List Navigator. They are generated before each market open. There is also a curated “Upcoming Earnings Ideas” list, including selected stocks reporting Earnings in the next week (updated on Sundays).

Why don’t Earnings Hot Lists exactly match Earnings Alerts?

Earnings Surprise Hot Lists don’t update intraday while Earning Surprise Alerts do. Also, Hot Lists apply a check to ensure stocks have had a valid Power Gauge Rating for a minimum period of time, which Alerts do not. Otherwise, Hot Lists contents should match Alerts.

What are the “EPS” icons in the Watchlist?

  • A grey EPS icon next to a stock in the Watchlist or Panel View indicates a stock reporting Earnings today or tomorrow.
  • A green or red EPS icon indicates a stock that has reported a Bullish or Bearish Earnings Surprise within the past five trading days.
  • A black EPS icon indicates a stock which has reported an EPS that matches the consensus estimate within the past five trading days.

What are the “EST” icons in the Watchlist?

A green or red EST icon indicates a stock with a Bullish or Bearish Earnings Estimate Alert currently active (although a recent or upcoming earnings report will take precedence over an estimate revision).

How can I find stocks reporting Earnings today, recently, or soon?

With the Earnings Date setting in the Screener, you can screen for stocks which have reported Today/Yesterday, or within the past week, or are reporting Tomorrow, or within the next week.

How can I see a company’s previous Earnings history?

Click the EPS icon on the Chart to toggle “EPS” icons for recent quarterly Earnings reports. These will be colored according to the direction of Earnings surprise if any. Hover over the EPS icons for report detail.

You can also see historical Earnings information in tabular form in a stock’s Power Gauge Report.

ETFs

Overview

Exchange-Traded Funds are a widely-used investment vehicle for investors who wish to place an aggregate bet on a basket of stocks rather than on individual stocks (or other instruments) grouped by Sector, Market Capitalization, Investment Style, Index, or other means.

This section describes the various ETF-related functionality in Chaikin Analytics, including a how to get ETF quotes, find ETFs by category, compare the strength of similar ETFs, see ETF constituents, and a read on which ETFs are likely to outperform using technical analytics and Buy/Sell Signals. This information can also be found in other individual sections of the User Guide.

ETF Coverage

Chaikin Analytics provide quotes, history, and technical analytics on all ETFs traded on NYSE or NASDAQ (around 1400).

Some of the most common equity ETFs are:

SPY SPDR S&P 500 ETF
EEM iShares MSCI Emerging Markets ETF
QQQ PowerShares NASDAQ 100 Index ETF
IWM iShares Russell 2000 ETF
GDX Market Vectors TR Gold Miners
XLF SPDR Financial Sector Select ETF

(Other SPDR Sector ETFs are XLB, XLE, XLI, XLK, XLP, XLU, XLV, and XLY)

See ETFdb.com’s list of the Top 100 ETFs by volume.

ETFs have limited Fundamental data and do not currently have Power Gauge Ratings, but you can use the technical analytics to identify ETFs which are likely to outperform or underperform the market.

Getting Quotes & Charts

Chaikin Analytics WebApp

If you know an ETF’s ticker symbol or name, just enter it into the Symbol entry box and press enter to see a quote and historical Chart  . Press  to add it to a custom Watchlist.

Seeing ETF Constituents

Chaikin Analytics WebApp

Chaikin provides constituents for long-only ETFs comprised of U.S. equities (around 400). These are grouped into 21 Categories, by Sector and Style, enabling you to compare ETFs with similar investment objectives.

  • By Sector: Communications, Consumer Cyclical, Consumer Defensive, Equity Energy, Financial, Health, Industrials, Natural Resources, Real Estate, Technology, Utilities, Misc.
  • By Style: Large Growth, Large Value, Large Blend, Mid-Cap Growth, Mid-Cap Value, Mid-Cap Blend, Small Growth, Small Value, and Small Blend.

To see an ETF’s constituents in the Watchlist:

  • Open the ETF section of the List Navigator
  • Open the ETF’s Category
  • Select the ETF

The ETF’s constituents will load as a list in the Watchlist area and a chart icon will display in the Watchlist header. Chaikin Analytics WebApp Press this to see a historical chart of the ETF.

ETF constituents are updated daily.

Ranking ETFs

Chaikin Analytics WebApp

Expand the List Navigator to see “Power Bars” for the current ETF Category. ETFs will be ranked strongest to weakest, showing which have the highest percentage of Bullish stocks. This can be a very useful tool when choosing between ETFs with a particular Style or Sector focus.

Press Chaikin Analytics WebApp to sort the current section alphabetically and Chaikin Analytics WebApp to sort Strongest to Weakest.

ETF Watchlist

In the “Chaikin HotLists” section of the List Navigator, the ETFs – Top 100 list contains the Top 100 ETFs by volume, updated monthly. This is a good place to find high-quality ETFs; you can arrow through ETF charts in this list to evaluate their performance potential.

ETF Signals

Press the “Signal” column heading to sort ETFs triggering Relative Strength Buy or Sell Signals today to the top of the ETF watchlist. This is a quick and effective way to find potentially actionable ETF investment ideas.

ETF Charts

Though they do not have Power Gauge Ratings, you can use the technical analytics on Chaikin charts to effectively identify strong and weak ETFs.

Bullish ETFs

The same technical criteria which make a stock a “Classic Bull” work for ETFs as well:

  • Price is above a rising long-term trend
  • Strong Chaikin Money Flow
  • Strong Relative Strength

Chaikin Analytics WebApp

The above chart of the SPDR Industrial Sector ETF (Symbol: XLI), shows these criteria all through 2013, along with Relative Strength Buy Signals which identifed key entry points.

When the ETF broke down below its long-term trend in January 2014, this indicated a potential change in its overall Bullish orientation.

Bearish ETFs

The following chart shows the opposite for the PowerShares DB Commodity Index (DBC):

  • Price below a falling long-term trend
  • Weak Chaikin Money Flow
  • Weak Relative Strength

Chaikin Analytics WebApp

Differences between Stocks and ETFs

ETFs do not have a Power Gauge Rating and do not trigger Signals which require a Power Gauge Rating.

Use Relative Strength Buy/Sell and Relative Strength Breakout/Breakdown Signals, which look for significant patterns in an ETF’s momentum relative to the market, to identify lower-risk entry and exit points.

Reports

Power Gauge Reports

Chaikin Analytics WebApp

Chaikin Power Gauge Reports are generated daily on over 5,000 U.S. stocks which have a valid Chaikin Power Gauge Rating. They provide a clear explanation of each of the 4 Power Gauge components – Financials, Earnings, Technicals, and Experts. Each component has a section describing how each the factors within it contributed to its Bullish/Bearish value, and has related supporting data and charts not available elsewhere in the application.

For a full explanation of Power Gauge Factors, see the Power Gauge Factor Reference Guide.

Report Display

Below is a sample Power Gauge Report. The Report consists of a section explaining the overall Rating, and sections explaining Power Gauge Components. The Explanation is automatically generated based on logic which summarizes the most important elements.

Main Display

Chaikin Analytics WebApp

Financials & Earnings

Chaikin Analytics WebApp

Technicals & Expert Activity

Chaikin Analytics WebApp

Company Info

Chaikin Analytics WebApp

Content Notes

Notes on Data Sources

Data internal to the Chaikin Power Gauge model is sources from our model vendor Portfolio 123, which in turn sources fundamental information from S&P Compustat (including Industry classifications).

Data and Industry Groups displayed in the Report body itself, and in the Chaikin Analytics application are sourced by Chaikin directly from Zacks Investment Research.

Both of these are reputable, high-quality content sources, however there may be occasional slight differences due to financial accounting methods or Industry classification schemes.

Notes on Power Gauge Factors

The Power Gauge is designed as an indicator of likely relative performance over 1-6 month time frame. As such, all Component and Factor values are scaled relative to a comparison group – which is either the stock’s Industry Group or the overall market (the Russell 3000), depending on the factor, as listed in the Power Gauge Factor Reference Guide.

If you look closely at factor values, you may notice some seeming idiosyncrasies. Here are some things to keep in mind:

  • A factor may have what seems like a “high value” but it may not be so high when ranked relative to its comparison group.
  • Some factors – such as “Analyst Earnings Trend – look at the direction of a metric, rather than its absolute value. In these cases the current value may be high, but the factor value may score low because its trend has been down more than others in its comparison group.
  • The “Technicals” Component looks at 5 price/volume-related factors, again all scaled relative to others in the market. This is not the usual way that technicals are considered, but it is appropriate and most effective in the Power Gauge model. So for instance, a stock could have what seems like a strong position relative to its trends, but not rank high in times of strong overall market uptrends.
  • All factors in the Power Gauge have been normalized so that GREEN IS GOOD and RED IS RISK. If a factor value says “Bullish” this means that it is strong relative to its comparison universe. For most factors, a high absolute value is good. But for some, such as “Short Interest”, the inverse is the case – a high value is a Bearish indication. Again, in all cases: Green is Good.
  • All language used in the Explanations describes these relative factor values. So if the Explanation says a stock has a “high price to book value”, this means the value is high relative to its comparison group.
  • As mentioned, there may be some stocks whose Industry classification differs between Zacks and S&P Compustat. This generally accounts for cases where the factor value seems high – even relative to its Industry – but has a Bearish value.

If, after considering these notes, you still see data which seems incorrect, please contact us at support@chaikinanalytics.com or 1 877 MYPORTFOLIO and we will look into it.

Portfolio Health Check

Chaikin Analytics WebApp

Portfolio Health Check is a concise look at important recent and upcoming events in your portfolio, that clearly identifies strengths, weaknesses, and opportunities. It can be viewed online, downloaded and printed as a 3 page PDF.

Refresh (Chaikin Power Suite only)

Chaikin Analytics WebApp

In Chaikin Power Suite, press the Refresh button to update the Portfolio Health Check Report to reflect additions or deletions you have made to your My Stocks list.

Portfolio Health Check Display

Prognosis

Chaikin Analytics WebApp

The section describes the overall health of your portfolio, as determined by looking at the percentages of Bullish, Neutral, and Bearish stocks in your list.

Last Week In Your Portfolio

This section recaps events from the previous calendar week, for stocks in your “My Stocks” list at the time the Report was run.

Chaikin Analytics WebApp

  • Stocks with most positive percent change during the previous calendar week (Top 3).
  • Stocks with most negative percent change during the previous calendar week (Top 3).
  • Stocks whose Chaikin Power Gauge Rating turned Bullish during the previous calendar week (first 9, alphabetically)
  • Stocks whose Chaikin Power Gauge Rating turned Bearish during the previous calendar week (first 9, alphabetically)
  • Stocks reporting Earnings above the Consensus Estimate* (up to 4 largest positive surprises)
  • Stocks reporting Earnings below the Consensus Estimate* (up to 4 largest negative surprises)
  • Stocks whose Consensus Estimate* was raised during the previous calendar week (up to 4 largest positive revisions)
  • Stocks whose Consensus Estimate* was lowered during the previous calendar week. (up to 4 largest negative revisions)

*A Consensus Estimate is a figure based on the combined estimates of the analysts covering a public company. Generally, analysts give a consensus for a company’s earnings per share and revenue; these figures are most often made for the quarter, fiscal year and next fiscal year. The Consensus Estimates used here are earnings estimates for the upcoming quarter.

Earnings Reports This Week

Chaikin Analytics WebApp

This sections is a day-by-day listing of the stocks in your list reporting earnings during the current calendar week, including Chaikin Power Gauge Rating and stock symbol. It is important to be positioned carefully ahead of Earnings, especially if you are holding Bearish rated stocks.

Industry Group Breakdown

Chaikin Analytics WebApp

The Chaikin Power Grid is one of the most powerful tools in the system. Chaikin suggests an approach of holding strong stocks in strong Industries. The Power Grid plots the stocks in your portfolio with Industries you hold listed strongest at top, weakest at bottom, and stocks displayed along the horizontal axis, weakest to strongest, going left to right.

Note: (Not all stocks may be displayed – Neutral stocks or groups may be dropped, and stocks may be dropped if many cluster in the same area of the grid.)

Our backtesting has shown that stocks in the green Upper Right quadrant (Strong Stocks, Strong Groups), have a significantly higher chance of outperforming stocks in the lower right quadrant (Weak Stocks, Weak Groups), and the market as a whole.

FIX: Stocks in the other two quadrants, where either the Stock or Industry is Strong, but not both, require other information (such as technicals) to make a statistically valid statement.

Your Stocks

Chaikin Analytics WebApp

This section lists all of the stocks in your list, grouped by rating.

  • Chaikin Power Gauge Rating
  • Stock Symbol
  • Last Price, as of end of previous calendar week
  • Pct Chg from end of prior week to end of previous calendar week

Note: For simplicity of display, Very Bullish are combined with Bullish, Neutral+/- aren’t shown, and Very Bearish are combined with Bearish).

Suggest Edit