YCharts Review

Are you currently trying to find in-depth financial data but don't want to pay the arm and the leg a Bloomberg Terminal costs? If so, you could find YCharts worth a look.

This web-based investment research data service is simply a prettier, more user-friendly Zack's, Telemet, or Thomson Reuters Eikon that generates hard-to-calculate data in a fast and easy format, and with more metrics to boot. However, there's lots of free data on the market on sites like Google and Yahoo Finance. So is YCharts worth the price tag?

Let's have a look at YCharts and discover!

What Is YCharts?

YCharts was founded in 2009 to fill a space in the investment research space. The service targets long-term value investors, including RIAs, hedge fund managers, consultants and sales professionals. That group requires far more in-depth equity research and metrics. Data accuracy is important as well, and something the free services sometimes lack.

Since its founding, YCharts has received over $15 million in venture capital funding — including an investment from long-standing financial research company Morningstar. And it's received accolades, including being named the “Top Investment Data/Analytics Tools People Are Thinking About Adding” at the T3 Advisor Conference.

YCharts keeps growing, too. Actually, it's put into the top 25% of Inc. 5000's set of Fastest Growing Companies for two years running. The company continues to build out its service, including a current complete overhaul of the website to boost the consumer experience.

YCharts Platform Differentiators

YCharts stands in a packed field of stock research platforms by offering more complex data analysis tools than most of its competitors. The platform's fundamental charts, scatter plots, and timeseries analysis tools are very powerful for comparing stocks against each other and deciding how to invest. The capability to create custom scoring models helps it be better to prioritize screener results based in your investment strategy. The platform's Excel add-on is very valuable for building up-to-date financial models.

Notably, YCharts is extremely light on technical analysis and doesn't offer analyst research reports like Stock Rover does. It's more suited to advanced fundamental investors who wish to find the best stocks within specific industries and need powerful analytics tools to help.

Summary

YCharts is a good solution to easily compile investment research. Its stock screener is among the best we've seen. You are able to screen the database for fundamental data that you merely can't screen on the free alternatives.

Its graphing functionality is the gold standard on line and easily beats the competition.

If you're an investor looking to analyze good potential investments, YCharts is worth a consideration. It's more user-friendly than Yahoo or Google Finance, plus it's capable of turning anything right into a chart Source Link.