A FA study based on pe and roce, comments please

ravi_s_ghosh · #11 26th September 2007, 05:07 AM

Quote:

Originally Posted by dinesh26

Hi Ravi,
I appreciate your effort.My humble opinion is that your table can serve as a first screener
for stocks.

That is what I thought to do with this, but can someone mention some other methods to screen stocks, either fundamentaly or technically (say on amibroker). That would be of great help to me.

jatayoo · #12 26th September 2007, 07:42 AM

Quote:

Originally Posted by ravi_s_ghosh

I made (tried to do so rather) an analysis of indian stocks based on 2 criteria, PE and Roce, to get a list of stocks which has the best combination of both of these values. In other words, stocks which have a high growth potential and are available at cheap price. I did this study on the basis of the book "The little book that beats the market."

I obtained the above data from www.icicidirect.com and I am not very much sure on the quality of the data. However, even if 80% data is accurate, then the average result wont be very inaccurate.

Please find attached the csv files which list companies with best companies at top and worst at the bottom (the lowest score of "best combo" signifies best scrips).

Incidently, the scrips found on the top are showing positive technical trend, eg, hinduja tmt is showing a divergence between price and macd.

Please comment to improve this method of screening stocks and on individual stocks as well.

DEAR RAVI
I can see that a lot of hard work has gone into your work.Their is plenty of use this can be put into.One can look for the companies doing the same buisness and note the data in a few minutes.i hope that answers some questions raised.
I also agree with 'oxy' that you must do further research into the companies showing thw best COMBO result.
DO KEEP IT UP.
AN INQUISITIVE MIND IS REWARDED SOONER THAN HE THINKS-- GOT IT?