Moneyoga Release 2: Stock Screens, Option Chains & Market Metrics

I’m glad to share the news that we have managed to crank out the second round of features at Moneyoga.com within a month of the Beta launch in mid-October. Here are the latest attractions:

The stock screens help you find stocks that are worth further investigation - for eg, the top gainers over the past 1 day or week, or stocks breaking up/down on above average volume, might be good candidates for a short-term momentum strategy.

For those of you keen on fundamentals, check out the Sales & Earnings Growth screen - it lists stocks with both the highest sales growth over the past year, as well as those with the best EPS growth.

In all cases, we separate out stocks that have Futures & Options available - these stocks can be traded multiple ways. Another minor, but neat, feature is that each stock page at Moneyoga now shows one or more screens that contain the stock.

[See Deepak's post for a detailed explanation of each screen.]

Yet another feature (probably launched for the first time in India) is the Option Chain, an example of which is shown below:

Current Month Option Chains for Stocks & Indices @ Moneyoga.com

The table lists all active call & put option contracts for the Nifty-50 index; it’s formatted such that the middle column lists strike prices in increasing order. At a glance, you can tell which options are the most liquid, how much it would cost to put on a straddle or spread position, and so on.

Unfortunately, since a lot of option contracts (even for the current month) are illiquid, we do not always get quotes from the NSE for those. In such cases, we have put in a question mark (?).

Note that clicking on any of the values in the ‘Premium’ column takes you to the NSE page for that specific option contract - there, you can check the option’s bid/ask spread, implied volatility and such. Also, the rows highlighted in green show calls / puts that are currently in the money.

Last - but not the least - is the Moneyoga Market Metrics page: a one page summary of the universe of stocks traded on the NSE. The idea is to capture market internals using a variety of breadth measures, such as -

  • Number of Advances & Declines
  • Number of New Highs & Lows
  • Number of Stocks above/below their Moving Averages

Note the format used: The current value for each metric is listed in green / red (depending on whether it’s bullish or bearish). Below it, you see three numbers in brackets, which are the Minimum, Average & Maximum values of that metric since June 1, 2007.

Moneyoga Market Metrics

If you mouse-over any of the green / red numbers (with the mouse icon to the left), an image pops up to the right; it charts the trend in that breadth measure, like so:

# of NSE stocks above & below 20-dma

I encourage you to check out all the new features, and share your thoughts to help us continuously improve the site. Also, we have put out a new post on the Moneyoga blog that captures the recent round of user feedback & our comments.

Related Posts:

  • Fun at the expense of RE brokers & Financial reporters
  • Moneyoga.com is now live!
  • A short break from blogging
  • Master list of stock screens for Indian markets
  • CXOAG: Strategies for Investing in Options of Individual Stocks
  • 4 Responses to “Moneyoga Release 2: Stock Screens, Option Chains & Market Metrics”

    1. sunil Says:

      Great job, guys! Congrats.

    2. Ravi S Ghosh Says:

      Hi Kaushik..

      It would be great if you can enhance the fundamental screener since there is NOT A SINGLE reliable fundamental screener for Indian stocks. Equitymaster’s advance screener (http://www.equitymaster.com/research-it/company-info/search/internal.asp) is quite good in concept but again the data is really pathetic. If you screen for stocks with high roce and low pe, you get paramount on top with roce of 71. you click on it and here you are with roce of 37. I’m really looking forward to a good fundamental screener in line with equitymaster’s one but with accurate data. Wish you best of luck for your adventure.

    3. snoopy Says:

      whats the source for your options data ?

    4. Kaushik Says:

      We get options data from the NSE (EOD F&O Bhavcopies).