The Top 10 Sites for Data, Ratings and Screening for Mutual Funds and ETFs
CI editors list and review the best investment and financial websites.
December 19, 2015
Price: Free - $699.50/year; 14-day money-back guarantee
At a Glance:
- Up to 13 years of backtesting data
- Database of over 22,000 stocks
Profitspi is a classic example of members bringing quality, unique sites to our attention. A member suggested we look at this site a couple of years ago and we were immediately impressed with its offerings as a resource for technical screening and analysis. The company is based in Singapore, but its site concentrates on the U.S. stock market and it claims that 85% of its visitors are from North America. While the site is not much for spit and polish, what it lacks in pizzazz it more than makes up for with robust functionality.
As is common with many investment websites, Profitspi has multi-tiered subscriptions, including free access. Free visitors can save up to five custom screens, whereas premium subscribers can create and save an unlimited number of screens. Visitors can use all functions on the site, but data and customizations are held for the duration of the visit only. There are over 90 criteria to choose from when constructing your custom screen. Both visitors and subscribers can view an unlimited number of passing stocks. Paid subscribers can also receive a daily email with up to 10,000 symbols passing their custom screens. The site also offers predefined scans covering 18 different candlestick patterns.
What sets Profitspi apart from many other sites that offer technical screening or scanning is the ability to backtest your custom screens. Even with free access, you can backtest strategies over the last three months. With Bronze and Silver subscriptions ($9.95 and $19.95 per month, respectively), you can backtest using a year’s worth of data. With a Gold subscription, you can backtest going back five, seven, nine, 11 or 13 years (costing $29.95/month to $69.95/month). Tests can be made against specific symbols, or you can use position sizing rules to simulate multi-holding portfolios. You can run and compare multiple tests for the same strategy to see how criteria or parameter changes affect the results. A strategy consists of trade criteria (when to buy and when to sell based on technical indicators), stops, targets and position sizing rules.
In the last year Profitspi has updated their user interface, added global futures with a choice of continuous contract methodologies, and added a Data Manager tool that allows the upload of any price history dataset for backtesting. Datasets can also be easily retrieved from Quandl.com.
We went back and forth when deciding whether to give an Editor’s Choice nod to Profitspi or StockCharts.com for technical-based stock screening. In the end, Profitspi won out because of its backtesting capabilities. While StockCharts.com would win in terms of its indicator library, Profitspi lets you backtest technical strategies going back 13 years. While this functionality is not cheap, backtesting is a vital part of technical trading.