This is a auto-generated Article of all your definitions within the glossary.
Glossary
This is a auto-generated Article of all your definitions within the glossary.
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Alerts
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. See Alerts for more. Alerts are different from Signals.
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Analyst Ratings
The four-week change in a stock’s average analyst rating.
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Bearish Power Gauge Rating
A stock whose PGR is in the 6th septile of all stocks (ratings are divided into seven equal parts). Backtesting has shown these stocks to be likely to underperform over the next 1-6 months.
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Beta
Beta is a measure of the volatility of a stock relative to the market (the S&P500). A beta above one is more volatile, below one is less volatile.
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Bullish Power Gauge Rating
A stock whose PGR is in the 2nd or 3rd septile of all stocks (ratings are divided into seven equal parts). Backtesting has shown these stocks to be likely to outperform over the next 1-6 months.
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Capitalization
The market value of a company, calculated by multiplying share price by the number of outstanding shares.
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Chaikin Hot Lists
Chaikin provides various types of Hot Lists as a source of potential investment ideas. Some are automatically calculated, and some are curated manually, see the User Guide for details. You should always carefully apply your selection criteria before deciding to take a position in any stock or ETF.
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Earnings Consistency
The consistency of EPS over recent and projected fiscal years.
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Earnings Growth
The weighted average of the last 3 to 5 years growth in EPS.
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Earnings Surprise
The weighted average of recent quarterly EPS surprises.
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Earnings Trend
The EPS percentage change over the trailing 12 months.
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EMA
EMA stands for "Exponential Moving Average," which is a type of moving average that gives more weight to recent prices, making it more responsive to new information compared to a simple moving average (SMA).
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EMA21 (21-day Exponential Moving Average)
An exponential moving average (EMA) is a moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. The EMA21 is shown on the Chart in white, along with it bands above and below it.
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EPS
Total earnings divided by the number of shares outstanding. Companies often use a weighted average of shares outstanding over the reporting term. EPS can be calculated for the previous year (“trailing EPS”), for the current year (“current EPS”), or for the coming year (“forward EPS”). Note that last year’s EPS would be actual, while current year and forward year EPS would be estimated.
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Estimate Trend
13-week change, mean analyst EPS estimate for the next fiscal year.
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ETF
An ETF (Exchange Traded Fund) is a security that can be bought and sold like a stock but which in fact is a basket of stocks that track an index. ETFs can be sold short like stocks too. ETFs are more tax-efficient than normal mutual funds and have lower transaction and operating costs. SPY is an example of an ETF.
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ETFs List
Chaikin Analytics contains about 1,400 ETFs that are traded on the NYSE or NASDAQ exchanges. The ETF List on the List Navigator has lists that organize ETFs by sector, subsector, industry, investment style, and market cap.
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Free Cash Flow
A stock’s net free cash flow relative to its Market Cap for the latest quarter.
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Global Filter
Chaikin suggests focusing on stocks that are not very low-priced, illiquid, or micro-cap, as these “lower-quality” stocks often do not respond reliably to quantitative analytics. The Global Filter can automatically hide these from your Watchlist display, and allows you to show them easily again when needed. Global Filter settings are also automatically used by the Screener.
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Hotlist
A list of stocks or ETFs curated by Chaikin Analytics based on specific criteria.
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Indices List
Major indices, such as the S&P 400, 500, and 600 are represented in Chaikin Analytics by ETFs that track those indices. The Indices List is on the List Navigator has the list of indices.
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Industry Rating
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. See Chart Header for more.
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Industry Relative Strength
The six-month performance of a stock’s industry versus the market.
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Insider Activity
The net shares of a stock purchased by company insiders over the past six months.
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Large Cap
A company with a market capitalization value of more than $10 billion.
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List Navigator
The section of the left side of the Workspace where you create lists of stocks, view industries and indices, work with Hot Lists, and explore ETFs. You can also view the Power Bar for groups of stocks. For more see List Navigator.
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Long-Term Debt to Equity
Total long-term debt divided by total common equity, for the latest quarter
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Long Term Trend
The blue line that cuts across the stock chart is the Long Term Trend (LT Trend). It’s Moving Average calculation of the past 200 days that includes Marc’s proprietary math that is meant to give a sense of the long-term price direction.
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Long-term Trend
The blue line that cuts across the chart is the Long Term Trend (LT Trend). It’s Moving Average calculation of the past 200 days that includes Marc’s proprietary math that is meant to give a sense of the long-term price direction.
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LT Debt to Equity
Total long-term debt divided by total common equity, for the latest quarter.
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LT Trend
The blue line that cuts across the chart is the Long Term Trend (LT Trend). It’s Moving Average calculation of the past 200 days that includes Marc’s proprietary math that is meant to give a sense of the long-term price direction.
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Mid Cap
A company with a market capitalization value between $2 billion and $10 billion.
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Money Flow
a metric serving as a proxy for gauging institutional investor interest, provides insight into the sentiment and perception of a stock among institutional investors.
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Neutral Power Gauge Rating
A stock whose PGR is in the 4th or 5th septile of all stocks (ratings are divided into seven equal parts). Backtesting has shown these stocks to be neither likely to outperform or underperform over the next 1-6 months.
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Neutral- Power Gauge Rating
A Bearish or Very Bearish stock whose price has risen above its Long Term Trend Line (DEMA) is now classified Neutral-.
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Neutral+ Power Gauge Rating
A Bullish or Very Bullish stock whose price has fallen below its Long Term Trend Line (DEMA) is now classified Neutral+.
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Normalized EPS
An adjusted version of the earnings per share (EPS) that reflects the true economic cycles and excludes unusual or one-time expenses that do not represent the company's normal operations. This adjustment aims to provide a more accurate picture of the company’s financial health. By removing these fluctuations, normalized EPS offers an estimate of the earnings the company would typically generate in a regular year. This measure is especially useful during the sale of a business, as it reflects the company's actual financial position.
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Overbought/Oversold
The term "overbought" refers to a situation where a stock's price has experienced an excessive increase beyond what is supported by its technical analysis context, whereas "oversold" indicates the opposite scenario. The Chaikin OB/OS rating offers a refined and standardized assessment of where a stock stands within its typical trading range. This rating employs a scale ranging from 1 to 100, designating values of 70 or above as "overbought" and values of 30 or below as "oversold."
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PGR Factors
The PGR consists of twenty Factors with proprietary weightings, the Factors are listed here in the Terms list.
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Power Bar
A breakdown of the stocks within a group by Bullish, Neutral, and Bearish Power Gauge Ratings. The groups include industries, User Lists, ETFs, Indices, and Chaikin Hot Lists, as found on the List Navigator. The Power Bar Rating looks at Bullish stocks as a percentage of top rated stocks in the group, calculated as: #Bullish – #Bearish / (#Bullish + #Bearish + #Neutral).
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Power Gauge Rating
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. The PGR model looks at the following components: financial metrics, earnings performance, price/volume activity, and expert opinions.
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Price Strength
The ratio of a stock’s closing price to its 200-day exponential average (DEMA).
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Price to Book
The ratio of a stock’s current price divided by its book value per share, as of the latest quarter.
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Price to Earnings (P/E)
The ratio of a stock’s current price divided by its earnings per share, as of the latest quarter.
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Price to Sales
The ratio of a stock’s Market Cap plus long-term debt divided by sales, over the past 12 months.
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Price Trend Rate of Change (ROC)
The 42-day change in divergence from the stock's long term trend.
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Projected P/E
Current price / mean analyst EPS estimate for the next fiscal year.
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Relative Strength
A comparison of the performance of a stock or ETF versus the broader market (the S&P 500), measured on a scale of 1 to 100. For example, a stock with an RS of 65 has outperformed 65% of the stocks in the market. Periods of very strong (or very weak) RS may indicate an underlying shift in the market’s sentiment about a stock.
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Relative Strength vs. Market
A stock’s six-month price performance versus the S&P500.
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Relative Strength vs. SPY
Chaikin Relative Strength is a proprietary way of measuring the persistency of a stock’s performance relative to the market (the SPY) over the previous 6 months. It puts relative performance on a scale from 0-1, by looking at where the stock’s ratio to the SPY is in its own 6-month range. If the stock is continually outperforming the S&P, the number will approach 1.
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Return on Equity
Income available to common stockholders as a percentage of total common equity for the past 12 months.
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Screener
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.
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Sectors
The stock market has been classified by Standard and Poor’s into sectors, such as energy, health care, and so on. There are nine sectors, each represented in Chaikin Analytics by nine S&P ETFs that track those sectors.
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Short Interest
Percentage of a stock’s outstanding shares that investors have sold short but not yet covered or closed out. Short interest is a market-sentiment indicator that tells whether investors think a stock’s price is likely to fall. If a stock has a Bullish Short Interest factor, it means Short Interest is relatively low.
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Signals
There are six pairs of Buy and Sell Signals, for example, Reversal Buy/Sell. Signals are computed after each trading day when new closing data is received, generally by 11:30 pm 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. See Signals for more. Signals are different from Alerts.
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Small Cap
A company with a market capitalization of about $250 million to $2 billion.
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SPY
This is an ETF from State Street Global Advisors that is composed of the stocks in the S&P500 index and closely track that index in performance. Chaikin Analytics uses SPY as a proxy for the S&P500.
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Stock Universe
A starting list of stocks in the Stock Screener, which will be limited by one or more Screening Criteria to determine final Screening Results.
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Trends Rating
This is an indication of where a stock is in relation to its short, intermediate, and long-term trends. See Chart Header for more.
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User Lists
The section of the List Navigator shows the stock lists you have created or imported. Create as many Lists as you need to help you manage your money. See more here.
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Very Bearish Power Gauge Rating
A stock whose PGR is in the bottom 1/7 of all stocks (bottom septile). Backtesting has shown these stocks to be highly likely to underperform over the next 1-6 months.
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Very Bullish Power Gauge Rating
A stock whose PGR is in the top 1/7 of all stocks (top septile). Backtesting has shown these stocks to be highly likely to outperform over the next 1-6 months.
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Volume Trend
The ratio of a stock’s 30-day versus its 90-day average volume.
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Workspace
After signing in, you will see the Chaikin Analytics Workspace that allows you to navigate between 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.