Researching investments

Explore the different research tools available at Questrade.

Whether you’re just starting your investing journey, or are an advanced trader, Questrade offers many great research tools that can help you make smarter, more informed decisions.

These tools are available on a number of our trading platforms for both investors through Questrade Trading and Questrade Edge Web or Desktop for more advanced traders. Learn more about our research pages including Trending stocks, news sentiment analysis, Smart score, events calendars and much more below.

Traditionally, investors relied on multiple news sources, investing websites or blogs for their research, and it was difficult to get the detailed, unbiased information you’re looking for - until now.

Questrade is proud to offer brand new tools powered by TipRanks™, an industry leading financial research company bringing you their programs completely free of charge. TipRanks evaluates public stock recommendations made by financial analysts and financial bloggers, then ranks those individuals based on their accuracy and performance.

TipRanks logo

TipRanks uses a ‘financial accountability engine’ that uses machine learning, and natural language processing algorithms to measure the performance of anyone giving investment advice online. This allows you to track the record and performance of any stock analyst, blogger, hedge fund, or corporate insider dating back to 2009.

Check out the sections below for an in-depth overview of the various tools offered by TipRanks and Questrade by trading platform:

In the Research sections of Questrade Edge Web, you’ll be able to access the following pages:

TipRanks web trading GIF

Trending stocks

Events calendar

News

You can also access more research tools on the Stocks page under the Level 1 trading quote. These include: Analyst ratings, News sentiment analysis, and Smart Score

Check out the sections below for more detailed information about each research tool.

To access the Daily analyst ratings in the Questrade Edge web trading platform, please:

Daily ratings edge web
  • Log in, and navigate to Questrade Edge web
  • Click “Research” from the left navigation menu
  • Navigate to the Daily ratings tab

The Daily ratings tab will show you recent analyst guidance & ratings for publicly traded stocks.  Analyst ratings try to measure the performance of a stock over a given time period, and will issue a Buy, Sell, or Hold recommendation with a predicted price target.

Analysts arrive at their ratings after extensive research into companies’ financial statements, and other in-depth research on products or services offered. Most analysts will issue a new rating 4 times a year, usually every 3 months.

The Daily ratings tab will show you the newest analyst ratings from today, and is updated constantly throughout the day. You can also use the filtering tools at the top to focus on the exact recommendations you’re looking for.

Filtering tools

Use the buttons at the top of the page to filter between different Analyst ratings.

  1. The Stars Ranking tool allows you to focus on Analysts with a star ranking from 1 to 5
  2. Ratings lets you choose between Buys, Sells or Holds
    Daily ratings edge web detailed view
  3. The Actions filter allows you to choose the type of Analyst Rating:
    • Initiated means the analyst or firm is covering this stock for the first time
    • Resumed means the analyst is resuming coverage after a period of inactivity
    • Upgraded means the analyst has improved their rating, for example: from “hold” to “buy”
    • Downgraded means the analyst has lowered their rating, for example from “hold to sell”
    • Reiterated means the analyst has kept their earlier recommendation the same
    • Assigned means this is the first rating TipRanks has for this analyst on the stock
    • Read more about the types of analyst ratings here
  4. Market Cap allows you to choose between various sizes of companies from Micro to Mega, depending on their overall Market capitalization. (The number of shares issued, multiplied by the price per share)
  5. Sectors will allow you to focus on the specific segments of the market you’re looking for
    • I.e. Consumer goods, Technology, Utilities, and etc.

You can also click on the stock’s Ticker Symbol in the middle column to jump directly to the Stocks page.

If you’re looking to read the specific Analyst report, please click the ticker, then navigate to the Analyst ratings tab at the bottom of the page. Check out the section below for more details on that page.

To find the Analyst ratings page for a specific stock in the Questrade Edge web trading platform, please:

Analyst ratings page
  • Log in, and navigate to Questrade Edge web
  • Click “Stocks” from the left navigation menu and enter a ticker symbol in the lookup box
  • Scroll to the bottom of the page under the chart and level 1 quote to view recent and historical analyst ratings

At the top of the tab, you’ll see the overall Analyst consensus on the left, which aggregates all of the analyst ratings from the last 3 months.

Analyst ratings main options

On the right, you’ll see the average Analyst price target shown both as a dollar and percentage value, and in a graph.

You can see the individual Analyst Ratings below these graphs.

Let’s take a closer look at the Analyst ratings section below:

  1. The left column shows the Analyst’s name and the firm or publication they represent, along with the Analyst’s Star rating.
    • The Star rating combines both the success rate (how many predictions the analyst has gotten right) and average return of each financial analyst; however the success rate is secondary to the ability of the analyst to generate positive returns.
    • Learn more about Analysts and their recommendations here.
  2. Here you can see the Analyst’s recommendation or Position, and whether it’s a Buy, Sell, or Hold.
  3. The Price Target shows the approximate price target of the Analyst.
    Analyst ratings sections
  4. The Action column shows whether the Analyst has either:
    • Reiterated one of their earlier recommendations
    • Upgraded the stock 
    • Downgraded the stock
  5. The Date shows what date the Analyst has made their recommendation.
  6. Lastly, in the Article column, you can click Read article to view the Analyst’s report on their website.

The Analyst ratings window will show a small sample of the most recent analysts that made a recommendation. You can also click the View All button at the bottom right to view all available Analyst ratings.

To find the News analysis page for a specific stock in the Questrade Edge web trading platform, please:

News analysis navigation
  • Log in, and navigate to Questrade Edge web
  • Click “Stocks” from the left navigation menu and enter a ticker symbol in the lookup box
  • Click the News analysis tab under the level 1 quote and chart

On the News analysis tab, you can see the overall News sentiment at the top, and the Media buzz below.

News analysis tab - stocks

The News sentiment shows a bar graph from dark red to dark green. 

  • Red indicates a higher percentage of ‘Bearish’ or negative news articles
  • Green indicates a higher percentage of ‘Bullish’ or positive news articles

The Media buzz section shows how many recent news articles have been published mentioning this company. You can also see the weekly average here, and whether there’s a significant amount of news for this specific ticker.

Media buzz section

Below this, you’ll see the Media Coverage Analysis which shows a breakdown of news articles compared against the stock price over time.

You can also click on any headlines to read specific news articles below, these are sorted by most recent.

Using the filtering tools at the top right, you can also swap between viewing All news, Bearish, or Bullish.

To view all available articles for this company, simply click the View all button at the bottom right.

To find the Smart Score page for a specific stock in the Questrade Edge web trading platform, please:

Smart Score web trading GIF
  • Log in, and navigate to Questrade Edge web
  • Click “Stocks” from the left navigation menu and enter a ticker symbol in the lookup box
  • Click the Smart score tab under the level 1 quote and chart

You can also click see more under Analyst Ratings, and News sentiment within the Smart Score to be taken directly to that research page.

What is the Smart Score?

The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It rates stocks from one to ten, based on 8 key market factors. The lowest score is a 1 and the highest is 10. The scoring system works as follows:

Stocks with a score of 1, 2, or 3 are considered to be Underperforming

Stocks with a score of 4, 5, 6, or 7 are considered to be
Neutral

Stocks with a score of 8, 9, or 10 are considered to be Outperforming

Smart Score

The score is data-driven and does not involve any human intervention. Let’s take a deeper-dive on exactly how TipRanks calculates the Smart Score:

How is the Smart Score calculated?

The 8 market factors that contribute to the rating are: analyst ratings, insider transactions, blogger opinions, investor sentiment, hedge fund activity, news sentiment, technicals, and fundamentals. 

These individual components are explained in more detail below.

Smartscore spoke visual - how is smart score calculated

These eight factors equally contribute to the rating, and each factor makes up 12.5% of the Smart Score.

The Fundamentals, and Technicals are divided into two sub-categories each representing 6.25%

  • Technicals: SMA - 6.25% (simple moving average at 20 and 200 days), and Momentum - 6.25% (12 months change)
  • Fundamentals: Return on equity - 6.25% (trailing 12 months), and Asset growth - 6.25% (trailing 12 months)

If any of the eight factors are not available, they are considered to be contributing a neutral value to the Smart Score.

The Smart Score ranking is also relational. This means that once the score is calculated based on the 8 factors, the stocks are arranged from highest to lowest.

The top ranking ~4% of stocks receive a Smart Score of 10. The next ~7% get a Smart Score of 9 and so on.

As the number of securities analyzed by TipRanks changes (due to new coverage, listings or IPOs) the Smart Score may also change, even if the 8 market factors remain the same.

Market factors contributing to the Smart Score

These are the eight market factors that contribute to the Smart score:

Financial analyst ratings

Analyst consensus is based on sell side analyst ratings issued within the last 3 months.

Corporate insider transactions

Insider Activity provides you with insight into whether corporate insiders are net buyers or sellers of the company’s stock.

Financial blogger opinions

Blogger sentiment is based on blog posts analyzed by TipRanks’ natural language processing technology.

Bloggers consensus is based on tracking and measuring the performance of over 50,000 individuals. Data is based on Tipranks’ three tier  proprietary formula, which ranks them based on the following:

  1. Success Rate - This measures the win-to-loss ratio
    • For example: The number of accurate vs inaccurate picks. 10 losing transactions cannot be offset by one winning transaction with a high profit
  2. Average Return - a bloggers overall performance
  3. Statistical Significance - a measure of the blogger's consistency based on the number of submissions received
    • For example: A blogger with a 1000% average return but with 1 submission would rank very low. A blogger with a 2% average return with many submissions would rank very high.

Individual investor sentiment

Sentiment is based on the percentage of portfolio increase or decrease in the last 7 and 30 days by hundreds of thousands of individual portfolios of TipRanks subscribers.

Hedge fund manager activity

Hedge Fund Activity is an indicator of the net Hedge Fund purchases or sales in the previous quarter.

News sentiment

Sentiment is based on the last seven days of news stories analyzed by TipRanks’ natural language processing technology, and can show you the trends in current news sentiment for this specific ticker.

Fundamentals

The fundamentals measurement is split into 2 categories: Return on Equity, and Asset growth. Both of these are measured for the last 12 months trailing when corporate earnings information is publicly available.

Technicals

The technicals measurement is also split into 2 categories: SMA (Simple moving average) over 20 and 200 days, and the Momentum (12 months change).

Six of the eight market factors incorporated into the Smart score are unique to TipRanks, only the technicals and fundamentals are not.

IQedge TipRanks on monitor

Questrade Edge Desktop offers the same research tools as Edge Web above, the only difference is how you access them. In Questrade Edge Desktop, these tools are available through the Research and Stock Analysis widgets found in the top navigation menu.

Explore the sections below for more in-depth information about the research tools available.

To view Analyst ratings for specific companies in Questrade Edge desktop, please:

News analysis through stock analysis-button - news analysis
  • Open Questrade Edge desktop on your computer, and log in
  • Click the Stock Analysis button from the top navigation menu
  • Enter a ticker symbol in the lookup box at the top left

At the top of the tab, you’ll see the overall Analyst consensus on the left, which aggregates all of the analyst ratings from the last 3 months.

Analyst consensus web edge

On the right, you’ll see the average Analyst price target shown both as a dollar and percentage value, and in a neat graph. 

You can see the individual Analyst Ratings below these graphs.

Let’s take a closer look at the Analyst ratings section below:

  1. The left column shows the Analyst’s name
  2. Next, the Analyst’s firm or publication is shown
  3. You can also see the Analyst’s Star rating
    • Learn more about Analysts and their recommendations here
    Analyst ratings detailed edge desktop
  4. Here you can see the Analyst’s recommendation or Position, and whether it’s a Buy, Sell, or Hold
  5. The Price Target shows the approximate price target of the Analyst.
  6. The Action column shows whether the Analyst has Maintained (or Reiterated) their earlier positions, Upgraded, or Downgraded
  7. The Date shows what date the Analyst has made their recommendation

You can also hover over an analyst’s name to view more details about their recommendations and performance record:

Analyst recommendation web edge

You’ll see the Analyst’s Success Rate, which shows how many of their predictions had positive returns in the year following the rating. This is shown as a percentage of their overall ratings.

In this example, Mr. Chatterjee has made 128 recommendations, of which 76 had positive returns.

You can also see the Average Return, which shows what the average rate of return was for this Analyst’s successful recommendations.

To view News analysis for specific companies in Questrade Edge desktop, please:

News analysis through stock analysis-button - news analysis
  • Open Questrade Edge desktop on your computer, and log in
  • Click the Stock Analysis button from the top navigation menu
  • Click the News analysis tab at the top of the widget, and enter a Ticker symbol in the lookup box at the top left

The News analysis tab aggregates Analyst ratings, News Sentiment, and Media buzz to display a wealth of information to help you make more informed trading decisions.

News analysis tab - Questrade Edge desktop

At the top of the widget, you’ll see a graph showing the Analyst Price Target.

This is the potential upside, or downside based on the newest, highest ranked analyst ratings.

Below the Analyst Price Target and graph, you’ll see the News Sentiment Score.

  • Red indicates a higher percentage of ‘Bearish’ or negative news articles
  • Green indicates a higher percentage of ‘Bullish’ or positive news articles

You’ll also see how your ticker compares to sector averages, and the percentage of each type of article.

Below, you’ll see a list of news articles sorted by most recent, and you can click to open them in a browser window for further reading.

Sort articles by All news, Bullish, or Bearish.

To view a specific companies’ Smart Score in Questrade Edge desktop, please:

Smart score web edge through stock analysis button
  • Open Questrade Edge desktop on your computer, and log in
  • Click the Stock Analysis button from the top navigation menu

Click the Smart score tab at the top of the widget, and enter a Ticker symbol in the lookup box at the top left.

Smart score tab web edge

What is the Smart Score?

The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It rates stocks from one to ten, based on 8 key market factors. The lowest score is a 1 and the highest is 10. The scoring system works as follows:

Stocks with a score of 1, 2, or 3 are considered to be Underperforming

Stocks with a score of 4, 5, 6, or 7 are considered to be
Neutral

Stocks with a score of 8, 9, or 10 are considered to be Outperforming

Smart score information web edge

The score is data-driven and does not involve any human intervention. Let’s take a deeper-dive on exactly how TipRanks calculates the Smart Score:

How is the Smart Score calculated?

The 8 market factors that contribute to the rating are: analyst ratings, insider transactions, blogger opinions, investor sentiment, hedge fund activity, news sentiment, technicals, and fundamentals. 

These individual components are explained in more detail below.

Smartscore spoke visual - how is smart score calculated

These eight factors equally contribute to the rating, and each factor makes up 12.5% of the Smart Score.

The Fundamentals, and Technicals are divided into two sub-categories each representing 6.25%

  • Technicals: SMA - 6.25% (simple moving average at 20 and 200 days), and Momentum - 6.25% (12 months change)
  • Fundamentals: Return on equity - 6.25% (trailing 12 months), and Asset growth - 6.25% (trailing 12 months)

If any of the eight factors are not available, they are considered to be contributing a neutral value to the Smart Score.

The Smart Score ranking is also relational. This means that once the score is calculated based on the 8 factors, the stocks are arranged from highest to lowest.

The top ranking ~4% of stocks receive a Smart Score of 10. The next ~7% get a Smart Score of 9 and so on.

As the number of securities analyzed by TipRanks changes (due to new coverage, listings or IPOs) the Smart Score may also change, even if the 8 market factors remain the same.

Market factors contributing to the Smart Score

These are the eight market factors that contribute to the Smart score:

Financial analyst ratings

Analyst consensus is based on sell side analyst ratings issued within the last 3 months.

Corporate insider transactions

Insider Activity provides you with insight into whether corporate insiders are net buyers or sellers of the company’s stock.

Financial blogger opinions

Blogger sentiment is based on blog posts analyzed by TipRanks’ natural language processing technology.

Bloggers consensus is based on tracking and measuring the performance of over 50,000 individuals. Data is based on Tipranks’ three tier  proprietary formula, which ranks them based on the following:

  1. Success Rate - This measures the win-to-loss ratio
    • For example: The number of accurate vs inaccurate picks. 10 losing transactions cannot be offset by one winning transaction with a high profit
  2. Average Return - a bloggers overall performance
  3. Statistical Significance - a measure of the blogger's consistency based on the number of submissions received
    • For example: A blogger with a 1000% average return but with 1 submission would rank very low. A blogger with a 2% average return with many submissions would rank very high.

Individual investor sentiment

Sentiment is based on the percentage of portfolio increase or decrease in the last 7 and 30 days by hundreds of thousands of individual portfolios of TipRanks subscribers.

Hedge fund manager activity

Hedge Fund Activity is an indicator of the net Hedge Fund purchases or sales in the previous quarter.

News sentiment

Sentiment is based on the last seven days of news stories analyzed by TipRanks’ natural language processing technology, and can show you the trends in current news sentiment for this specific ticker.

Fundamentals

The fundamentals measurement is split into 2 categories: Return on Equity, and Asset growth. Both of these are measured for the last 12 months trailing when corporate earnings information is publicly available.

Technicals

The technicals measurement is also split into 2 categories: SMA (Simple moving average) over 20 and 200 days, and the Momentum (12 months change).

Six of the eight market factors incorporated into the Smart score are unique to TipRanks, only the technicals and fundamentals are not.

Coming soon!     

The Events calendar is a tool designed to help you make more informed trading decisions by providing you with important insights on upcoming (and historical) market events and headlines.

Questrade offers an Events calendar both through our Edge web, and Edge desktop trading platforms.

Use the Events calendar to view upcoming and historical events such as:

  • Earnings and dividends
  • Stock splits and consolidations
  • Analyst ratings, guidance, and conference calls
  • Economic updates (CPI, Treasury rates..)
  • IPOs, retail sales and secondary offerings

If you currently hold positions in securities undergoing an event, you will often see a small icon next to your holdings on the positions page. If you’ve allowed notifications from your web-browser, or by default in Edge desktop, you will also see a notification pop-up about events for the positions you hold approximately 3 days before the event.

To access the Events calendar from Questrade Edge Web please:

  1. Log in, and navigate to the trading platform.
  2. Click “Research” from the left navigation menu, then click the “Calendar” tab.
Research tab events calendar web trading

To access the Events calendar from Questrade Edge Desktop please:

  1. Open Edge desktop on your computer and log in.
  2. Click the Event calendar widget from the top navigation menu.
Events calendar widget Edge

You can also customize your view and add more information if needed by clicking the small + icon next to the various tabs of information available.

Questrade Edge Web

Questrade Edge Desktop

Web and edge more event types

In addition to the events calendar, Questrade also offers a wide range of other research tools including:

  • Daily analyst ratings
  • Trending stocks
  • Analyst ratings for each security
  • Smart Score
  • News sentiment analysis
TipRanks and other research GIF

Explore these great research tools in this article here.

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