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Calculating fundamental ratios

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Peter View Drop Down
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Joined: 09 Sep 2004
Location: Australia
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    Posted: 11 Feb 2005 at 2:52pm
BullScan allows you to scan on a numer of fundamentals including market cap, NTA, etc.

Analysts use a variety of ratios in evaluating securities. It is possible to use BullScript to construct approximations to these ratios in BullScan.

For example, some customers have been wanting to calculate Return On Equity, which can be approximated as Earnings per Shared divided by Net Tangible Assets.

To do this:
  1. Create a new scan criteria
  2. Select "Uses BullScript"
  3. Enter "Security.EPS / Security.NTA" (without quotes) into the BullScript text box.
  4. Set up the rest of the criteria as desired.
To get a complete list of how to use the various fundamental values in BullScript, take a look at the "Security variables" page in the Getting Started with BullScript help notes.

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