The Price Rating of the stock changes depending on the price of the stock. However it rarely changes drastically in a short span. The Debt, Growth, Confidence, Profitability and Size Ratings and the ratings which feed into them change as and when financial statements are declared by the company.
As of now, it is once a week; generally at end of the week. Since this is a tool for long term investment, we believe it should suffice. Also the ratings rarely change drastically on a day-to-day basis. Having said that, we are in the process of upgrading our infrastructure to be able to provide daily updates.
Become a premium member. Then you can use “Eqax Stars” page. This will have results of our pre-defined back end filters which have more than 200 conditions to get you great picks. They would provide you our Platinum, Gold, Silver and Bronze picks.
Become a premium member. Then you can use “Mega Screener” page. This is an advanced screener with more functionality than the screener available to all users. It has 254 criteria to filter instead of 147. Then you would be able to have criteria like Standalone and Consolidated Ratings.
In addition to this, you can also edit and save views, which you can't do in the normal screener. You can also have more companies in your compare screen.
We consider this a rating service and not recommendation service per say. Secondly we may have position in the stocks which are highly rated according to us. In fact chances of that happening are excellent.
• The ratings are calculated based on financial statements. If they themselves do not provide correct picture (for example in case of Satyam Scam), our ratings won’t either. This is why we request users to do a little bit of qualitative research too. Ratings are doing a huge part of the work, but not all of it.
• Often one bad parameter hurts the stock immensely. Consider an example. A student scores 100 out of 100 in four subjects but in fifth, he scores only 30 out 100 with passing marks being 35. Now his aggregate of 430 out of 500 might as well be highest in the class but he would still fail the exam. This is why we suggest users to check lower level ratings too and not just higher level ratings.
• Often companies report great profits in previous financial year but quarterly results in current financial year may not be that good. We try our best to counter such situation by calculating the ratings using TTM (Trailing Twelve Months) Figures and not just Previous Annual Figures. However Balance Sheet, Cash Flow and in some cases, even Consolidated Profit Loss Statement is not announced on Quarterly Basis. So it gets a little under-represented.
• At the end of the day, it is still stock market. It is bound to be volatile, especially in short term. So do not panic if prices go down for no reason.
Ratings are correct. Two things might have happened. The whole sector may have gone up, which would mean that relative to its peers, company is still equally cheap/expensive as it was earlier; hence the same rating. Or company may have reported a lot better numbers in the meantime, thus making it equally cheap/expensive as it was earlier despite of increase in the stock price.
Ratings are perfect. The first company might be from a sector where normally Debt to Equity Ratio is 2. Hence D/E Ratio 1.5 is getting very good rating of 75. The other company is from a sector where normally Debt to Equity Ratio is 0.75. Hence D/E Ratio 1 is getting a bad rating of 40.
In addition to combined overall ratings, we also provide company’s ratings based only on standalone and secondary results. The default Ratings are built by combining Standalone and Consolidated ratings since they are both important. However the user is free to use only standalone or consolidated ratings if he wishes to.
More often than not, at least Silver category returns some company. However if even that is not getting any company, it is because according to Eqax Stars, no company is a great investment now. Best is to wait for market to correct and then enter.
It can but it won’t. We want Eqax stars to show only great investment opportunities. If best available is not a great opportunity, it won’t make the cut. However please feel free to use Mega Screener to get the best available company according to you.
They will help to a great extent but we suggest you study the subject before putting your hard earned money at stake. Please go through the resources page to find a handy list of sites which will help you. Do not trust anybody blindly, especially your broker and so called experts. In fact, we request you not to trust even us blindly.
You must have unchecked “Include Blank Values” which is checked by default. Banks have no Debt Rating. So it is blank and so banks are getting excluded from the result. Keep “Include Blank Values” as checked.