Tiingo Assessment – Is This Analysis Device Price Utilizing?

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Tiingo Assessment

  • Ease of Use
  • Worth
  • High quality

Abstract

The suitable inventory analysis could make or break a buying and selling technique and that’s the place Tiingo claims to assist. Tiingo is a inventory analysis platform that gives protection for over 80,000 securities in addition to entry to shares, foreign exchange, and crypto market knowledge. Tiingo additionally presents built-in evaluation options together with elementary stories, screeners, and portfolio instruments. Learn our Tiingo overview to study extra.

About Tiingo

Tiingo is a novel inventory analysis platform that gives protection for greater than 80,000 securities across the globe. The platform has plenty of built-in evaluation options, together with inventory elementary stories, a inventory screener, and portfolio instruments. As well as, Tiingo has an API that gives entry to inventory, foreign exchange, and crypto market knowledge.

In our Tiingo overview, we’ll take a more in-depth have a look at what this platform can do and assist you to determine if it’s price your time.

Tiingo Homepage

Tiingo Pricing Choices

Tiingo presents two plans: Starter and Energy.

Tiingo Pricing

The Starter plan is free and consists of entry to nearly all of Tiingo’s options, together with the API. The primary limitations are that you may create solely 5 saved screens and two customized indicators, and make solely 500 distinctive image calls to the API per thirty days. 

The Energy plan prices $10 per thirty days and presents limitless saved screens, 15 customized indicators, and limitless distinctive image calls to the API. 

Tiingo Options

Inventory Evaluation

Tiingo presents detailed evaluation instruments for greater than 80,000 shares around the globe. The overwhelming majority of those are US, Chinese language, and European shares, in addition to ETFs and mutual funds. 

Every inventory has its personal evaluation dashboard, which features a fundamental candlestick chart, information feed, and worth info. When you can view full-screen inventory charts, Tiingo doesn’t provide any technical indicators or drawing instruments.

Tiingo Stock Analysis

For many shares, Tiingo has many years of worth, dividend, and elementary knowledge. Dividend knowledge, together with yield, is on the market in each a desk and a chart. Elementary knowledge can be obtainable in a collection of tables for money circulation, revenue, stability sheet, and key evaluation ratios. The tables are extremely customizable, enabling you to match years, quarters from the identical yr, or quarters from completely different years. 

Tiingo additionally presents a charting instrument so that you could rapidly plot all of this knowledge. You may add as many monetary metrics and elementary ratios as you wish to a single chart. Nevertheless, the one chart format obtainable is a bar chart, and the information visualization turns into crowded when you add greater than two to 3 metrics. You’ll want to make use of Tiingo’s API if you wish to export knowledge to be used with various visualization instruments.

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Tiingo Fundamentals Charting

You can even analyze a inventory’s relative return and worth correlations utilizing one other plotting instrument in Tiingo. For both evaluation, you possibly can select to match your inventory of curiosity to a significant index, an ETF or mutual fund, or any particular person inventory. Notably, Tiingo additionally enables you to select the timeframe and worth interval (i.e., each day, weekly, month-to-month, or yearly) for the comparability.

Tiingo Beta Analysis

Inventory Screener

Tiingo’s inventory screener presents greater than 40 shares filters. We had been a bit shocked by the composition of those filters. You’ll discover a handful of parameters for fundamentals like market cap, price-to-earnings ratio, and return on fairness, however there aren’t filters for revenue, money circulation, debt, and different generally used monetary knowledge factors. There are additionally filters for shares’ correlations to gold and oil, which aren’t present in most different inventory screeners.

Tiingo Stock Screener

The excellent news is that you may construct your individual display screen filters. This takes a little bit of effort because you’ll have to dig by means of all of Tiingo’s customized features. Fortunately, these are well-documented in a panel subsequent to the code editor. Tiingo exhibits you an instance output for every perform you add to a customized filter so that you may be assured your code is appropriate.

Tiingo Custom Indicators

After you have the filters you want, you possibly can alter the filter bounds utilizing a set of sliders. Tiingo shows the typical efficiency of shares that meet your standards relative to the efficiency of the S&P 500, which is a useful function for making certain your display screen is delivering robust outcomes. It can save you customized screens and export your display screen outcomes to Excel, however you possibly can’t save display screen outcomes to a watchlist inside Tiingo.

Portfolio Instruments

Tiingo lets you save a vast variety of portfolios to your account. The platform features a set of premade charts that break down the efficiency of every of the shares in your portfolio over time. As well as, you possibly can run beta and correlation analyses for a whole portfolio, evaluating in opposition to an index, ETF, or any particular person inventory. You can even view a heatmap exhibiting correlation between the person shares in your portfolio.

Tiingo Portfolio

API

The Tiingo API is maybe the most effective a part of Tiingo, though utilizing it requires a background in Python, JavaScript, or PHP. With the Tiingo API, you possibly can entry all the knowledge obtainable on Tiingo, together with inventory fundamentals and worth knowledge. You can even run beta and correlation analyses and entry Tiingo’s monetary information feed. 

Notably, Tiingo’s API doesn’t simply have knowledge for shares, like the net platform does. With the API, you can even entry worth and transaction knowledge for foreign exchange and crypto. Tiingo supplies in depth documentation that can assist you fetch knowledge utilizing the API.

Customization and Structure

Tiingo presents plenty of distinctive instruments, however the presentation of its internet platform could possibly be improved. The navigation menu is considerably complicated because the menu gadgets change primarily based on what options of Tiingo you’re utilizing. As well as, most of the charting and evaluation instruments don’t provide a lot customization. Whereas knowledge is usually introduced in tables, lots of these tables can’t be exported to Excel with out utilizing Tiingo’s API.

Nonetheless, the platform presents the flexibility to create customized display screen filters, save customized inventory screens, and add a vast variety of portfolios to your account. Many of the instruments are pretty simple to make use of after an preliminary studying curve.

Tiingo Platform Differentiators

Tiingo is a novel inventory evaluation platform in a number of essential methods. First, it presents considerably extra management over your inventory analyses than most comparable platforms. For instance, when operating correlation evaluation, you possibly can examine weekly and month-to-month worth knowledge in addition to examine a person shares to any ETF.

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Second, due to Tiingo’s assist for customized indicators, its inventory screener is extraordinarily versatile. Simply understand that you possibly can solely have 15 customized indicators with a Energy plan, so Tiingo’s screener can nonetheless be limiting for extra superior merchants.

Lastly, Tiingo’s API is a robust useful resource for merchants who’ve the coding information required to make use of it. You may entry all the inventory knowledge obtainable on Tiingo – together with foreign exchange and crypto knowledge – to run your individual analyses in Excel or construct customized functions.

What Kind of Dealer is Tiingo Finest For?

Tiingo is greatest fitted to superior merchants who’re snug with a average diploma of coding. Whereas Tiingo presents an enormous quantity of knowledge, you’ll have to construct your individual customized indicators or use Tiingo’s API to profit from it.

That mentioned, Tiingo’s on-line evaluation instruments, lots of that are free to entry, can be helpful for medium-term buyers, and significantly buyers who’re occupied with non-US shares. Tiingo makes it straightforward to entry elementary knowledge for greater than 80,000 world shares. The platform’s beta and correlation analyses additionally stand out for his or her flexibility and usefulness in portfolio constructing.

Professionals

  • Information for greater than 80,000 world shares
  • Versatile beta and correlation analyses
  • Construct customized indicators for screening shares
  • Highly effective API with inventory, foreign exchange, and crypto knowledge
  • Most knowledge and instruments can be found totally free

Cons

  • Internet interface requires a studying curve
  • Customized indicators and API require coding

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