Quality Screen

Updated

An attempt to show fundamental stats which describes quality of the stock. Following parameters are depicted:

SOLVENCY
DEBT_TO_EQUITY

Very Good : 0 - 1
Good : 1 - 2
High risk : > 2

DEBT_TO_ASSET

Very Good : < 0.4
Good : 0.4 - 0.6
High Risk : > 0.6

LONG_TERM_DEBT_TO_ASSETS

Very Good : < 0.4
Good : 0.4 - 0.6
High Risk : > 0.6

ALTMAN_Z_SCORE

Very good: > 3
Good : 1.8 - 3
High Risk : < 1.8

SPRINGATE_SCORE

High Risk : < 0.862

LIQUIDITY

CURRENT_RATIO

Very Good : 1.2 - 2
Good : 2+ (Too high and Inefficient)
High Risk : < 1

QUICK_RATIO

Very Good : 1 - 2
Good : 2+ (Too high and Inefficient)
High Risk : < 0.9

SLOAN_RATIO

Very Good: -10% to +10%
Good : -25% to -10% or +10% to +25%
High Risk: < -25% or > +25%

PROFITABILITY
RETURN_ON_ASSETS

Healthy : > 5%
Great : > 20%

RETURN_ON_EQUITY

Healthy : 10%
Great : > 40%

RETURN_ON_INVESTED_CAPITAL

Healthy : > 2%
Great : > 10%

Release Notes

Added:

LIQUIDITY

INTEREST_COVER

Very Good : > 3
Good : > 2
High Risk < 2

MARGIN:
NET_MARGIN

Very Good : > 20
Good : > 10
High Risk < 5

FREE_CASH_FLOW_MARGIN

Very Good : > 15
Good : > 10

Release Notes

Added

PIOTROSKI_F_SCORE
https://www.investopedia.com/terms/p/piotroski-score.asp

Found this to be one of the greatest summariser of quality

Very Good: 8-9
Good: 5-7
Risky : 2
High Risk: 1

SUSTAINABLE_GROWTH_RATE
https://www.investopedia.com/terms/s/sustainablegrowthrate.asp

Very Good: 10+%
Good: 5%+
Risky: 0 to -5%
High Risk: Below -5%

May update better threshold for SGR later.

Release Notes

Few updates:

Handling null values for last three parameters - which was missing.
Condition to show stats only for syminfo.type == "stock" removed as some stocks such as BABA does not have type set to "stock"
Added options to select where the table needs to be placed in the screen. Refer screenshots below:

Bottom right position which is default:
https://s3.tradingview.com/snapshots/b/bZaPrx4D.png

Middle left:
https://s3.tradingview.com/snapshots/e/Em0iM6qs.png

Top Center:
https://s3.tradingview.com/snapshots/d/dwaczkpy.png

Release Notes

Added option to set text size

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Trendoscope

Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Telegram: p.trendoscope.io/telegram
Rate us : trustpilot.com/review/trendoscope.io

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.