by CI Staff
StockMonkey is a free download that allows users to easily calculate complex statistical information. Although many investors find calculations to be an easy part of their process, StockMonkey can be used as an additional tool. It is a simple calculator that appears on your desktop as a small unobtrusive window.
There are three different tabs available once the program is downloaded: Variables, Calculate, and Results. The variables include different factors that may influence your trades, including commission rate and several different marginal purchase factors. This program differs from many other calculators in that it has more variables than a typical buy and sell stock calculator. Because there are more variables, the results are likely to be more accurate. StockMonkey provides online help that explains what each tab is as well as what each variable means. The calculator has the capability to provide results in dollars, pounds or euros.
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