Update: New Computer Investing Products
by CI Staff
The program has a “wizard” option that walks you through the steps of adding securities to your portfolio. You simply follow the prompts to enter a ticker symbol and purchase information including price, number of shares and date purchased. All data is displayed in a table showing the updated price and volume data.
A performance summary of your portfolio is displayed, listing the day’s gain or loss, the total gain or loss and your total portfolio value. Price, volume and performance data are updated at user-specified intervals (as often as every minute) with data from the Internet. You can also register with FreeRealTime.com to receive real-time quotes at no charge on the securities in your portfolio.
Stocks and mutual funds can be arranged into specific groups within a portfolio and sorted on any of 50 available parameters. Links to charts, current news, company profiles and more from various Web sites of your choosing are provided as well. Yahoo! Finance is the default site for all stock data.
A ticker display can be configured with any stocks or indexes you choose and placed anywhere on your computer screen for easy viewing. Alerts can be set based on stock price or volume data and can be announced with Microsoft Agent text-to-speech capabilities.
A transaction history section contains optional indicators for capital gains tracking. Portfolio Snapshots save your stock database in read-only format for recordkeeping purposes. You can also print a portfolio from TradeTrakker’s main window or export all data to Microsoft Excel.
Diagoran helps you measure the diversification and correlation of your current portfolio of stocks. The program uses the ideas of Harry M. Markowitz’s efficient frontier to suggest an optimal portfolio. Historical end-of-day prices and various mathematical models are used to analyze the stocks in your portfolio.
To use the program, you need one of the following personal investment programs: BetterInvesting Portfolio Manager, Intuit Quicken, Microsoft Money, or QMatix XLQ. XLQ is recommended by the program creator and a free 45-day trial is offered to Diagoran users.
After you have populated a spreadsheet file with your portfolio’s holdings and downloaded historical prices, you can view the correlations of the stocks you hold. You can also use the program to see how new stocks will correlate in your existing portfolio, helping you pick stocks with negative correlations to reduce the overall risk of your investments.
You can also measure the cyclic behavior of stocks to better understand the seemingly erratic upward and downward movements of certain stocks.
Diagoran is programmed to use the ideas of the efficient frontier to scan your portfolio for the lowest risk and highest-performing stocks and combination of stocks. The results are viewed in a chart showing return on the y-axis and risk on the x-axis, and securities with like patterns are grouped together.
Finally, you can see suggestions on making your portfolio more profitable while lowering the risk, essentially finding your most efficient investment portfolio. A text file details how many shares of which stocks to sell.
Chicago Mercantile Exchange
eSignal has developed a tailored version of its wireless quote, charting and news service for the Chicago Mercantile Exchange (CME) called CME E-quotes Wireless. The new service allows users to create two portfolios with up to 15 securities in each; view line, bar and candlestick charts displaying real-time data; and access pricing and availability data. A subscription to E-quotes costs $35 per month.
GStock.com, a technical analysis-based Web site, has launched a “virtual supercomputer dedicated to stock picking.” The site tries to identify the most profitable stock-picking strategies for 6,000 stocks by using volunteer computers connected via the Internet. For each stock, the program tests numerous strategies and identifies an appropriate strategy to be implemented. Buy and sell signals are then generated using the chosen strategy for that stock. To use this free tool, just enter a ticker symbol and the site provides you with information to make a trade decision. Views are fully customizable.
eSignal and AOL
eSignal and AOL are offering streaming, real-time stock quotes, charts, and other add-on news services to help investors track portfolios in real time. The service also provides a Snap Quote detail window, customizable options, free technical support via E-mail and chat, and streaming news and market commentary. No software download is required. The program costs $9.95 per month; a free one-month trial is available.
You can now get financial news and analysis delivered directly to your wireless device or cell phone from CNNMoney.com, and FORTUNE, Money, Business 2.0 and FORTUNE SmallBusiness magazines. With CNNMoney.com Mobile, you can access breaking news, market reports and commentary, stock quotes, and personal finance advice. Access to CNNMoney.com Mobile is free on your cell phone or wireless via various cell phone services. Go to CNNMoney.com from your wireless device at http://cnnmoney.mobi.
TradersAudio has added the Traders News Beat Audio Channel to its squawk box audio products. The new addition consists of economic releases, headlines and other important market news. The service costs $25 per month; a free, three-day trial is available at the TradersAudio Web site.
Matheny Enterprises has launched an automated trading utility called MENT Trader Services. The trading service provides users with the ability to develop automated trading solutions with various development platforms including eSignal, TradeStation, Excel and Visual Basic. The system costs $99 per month.