In my first post about useful trading tools & software I will present to you Koyfin. I am using their service for most of my quantitative process when analysing stocks during the idea generation phase. The price of $39 (1st February 2024) per month when billed annually is more than fair! Koyfin also comes with a free version so you can check out some of the features without even paying. This is not a sponsored post so I don’t get anything in return. I just think the service is awesome and helps me massively in my day-to-day process.

I am far from being a Koyfin “crack” in any sort of way. It just helps me with my idea generation process in various ways. Over the years I’ve tweaked my process to be really efficient. Thanks to Koyfin doing the quantitative work on a stock (and overview of a sub-sector) is a matter of minutes instead of hours. For sure, you can get every piece of information for free on the internet but Koyfin provides nearly(!) everything I need in one place. There are some other sources I use as well for historic stock prices, short interest (Koyfin does have this information), insider selling/buying, and a few more.

In this blog post I will show you some of the features I use during my process. I know Koyfin has far more features than I use at the moment and there are a lot of tutorials, blog posts, articles etc. to learn from. This is just the way I use the tool in my personalized process. If you see specific stocks this is just for illustration purposes only!

Do you use Koyfin in your analysis as well? Let me know in the comments!

Koyfin Market Dashboard – US Sectors

I like to track weekly US sector performance, especially during earnings season. As traders, we should know which sectors are favored by the market and which are not. During earnings season, with many companies reporting and significant market volatility, the sector overview provided by Koyfin is a valuable resource for keeping track of sector performance.

Analysing Stocks with Koyfin Analyst Estimates – Estimates Overview

As traders, we always need to understand what “market” is expecting in specific stocks. One way to know that is via analyst estimates. However, analysts often have their own agenda, primarily focused on “selling their analysis” to clients, and their predictions are incorrect frequently. Therefore we shouldn’t blindly trust these numbers; instead, we should use them to discern what the market is thinking. So we shouldn’t trust them and their numbers but rather use them to know what market is thinking. Koyfin provides these numbers for sales, EBITDA, EBIT, EPS and EPS GAAP. I mainly use sales and EPS or EPS GAAP in my quantitative process. On the bottom of the screen you can see the NTM (next twelve months) estimated numbers on a chart, which provides a nice illustration of the direction of their sales or earnings. When analysing stocks it is important to know, where their revenues and earnings are heading.

Analysing Stocks with Koyfin Analyst Estimates – Estimated Trend

To determine if stocks and analysts are upgrading or downgrading a stock’s estimates, such as their sales or earnings, we need to check estimates trends when analysing stocks. This feature displays the current year’s estimates plus three future years of upgrades and downgrades. When we are long on a stock, we want to see upgrades; when we are short, we want to see downgrades. The jumps on the chart usually occur on dates of earnings releases when the company upgrades it’s guidance and analysts follow suit.

Analysing Stocks with Koyfin Analyst Estimates – Price Target

In this feature, we can access information on how analysts are rating a specific stock – are they bullish or bearish on a specific name and where are their price targets? As previously mentioned, we shouldn’t take any of this information at face value when analysing stocks; instead, we should use it to gauge how much upside or downside remains from analysts changing their stance. If we are long on a stock, we don’t want to see all the analysts already rating the stock as a (strong) buy. We would like to see some of them rating it as a hold or even a sell because it indicates there is “room for upgrades”.

Analysing Stocks with Koyfin Snapshots – Earnings History

When trading a stock over its earnings release, it’s crucial to understand how the stock typically behaves on that day and in the weeks following. This is a crucial information to gather when analysing stocks. To gauge stock price volatility, we can use the “Earnings History” feature. This feature provides two key insights: firstly, wether the stock has beaten or missed the earnings or sales estimated, and secondly, how the stock price has responded. The default setting shows the 1-Day price change but we can change it up to 30-Days. This information often explains certain stock movements on earnings day.

Analysing Stocks with Koyfin – Conclusion

The service of Koyfin is a real time saver, offered at an affordable and reasonable pricing. I mainly use it for my quantitative stock analysis. Besides providing all the financial information for a specific stock, it also provides analyst estimates, estimates trends, price targets, historic price movement, and much more. This post only scratched the surface and explained some of the features I use, but Koyfin comes with many more. It provides the possibility to filter stocks based on hundreds of parameters, such as earnings growth, revenue growth, P/E ratios etc., as well as watchlists and portfolios. I recommend checking out their free version! If you have any questions, let me know in the comment section!

About me

The Institute of Trading and Portfolio Management (ITPM), founded by ex-Goldman Sachs trader Anton Kreil, helped me on my journey to become a profitable retail trader

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Review of ITPM Courses

The courses of the Institute of Trading and Portfolio Management helped me massively to become a profitable retail trader. I genuinely believe that ITPM provides the best trading education on the market – but not everything is perfect. Find out more in my reviews

Results of my Mentoring with Anton Kreil

In September 2022 Anton Kreil asked me and another one of his former mentees, if we want to do a webinar with him. After the Thailand class in April 2022 and the following mentoring with Anton from Mai to July 2022 I thought it was great opportunity to show what I have learned and how I have progressed

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ITPM Thailand Mentoring

After completing my first ITPM Course, the PTM 1.0 (the predecessor of the PTM 2.0), I knew I want to do a mentoring. After a thorough analysis I decided to attended the April 2022 Thailand mentoring class

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