Use distance criterion - yes or no?
At the request of many of our users, we have again expanded the functionality of TransparentShare.
You now have the option of choosing whether or not the distance criterion is taken into account for purchase recommendations.
You can choose whether to evaluate the shares
- only the rating or
- that Rating and the distance
How can you use the functionality?
In order to be able to use this functionality, you must go to the menu item "profile" the mark "Use distance for rating" choose.
If those functionality selected a share is only recommended for purchase if the current share price is at least 10% below the high for the year.
If that Functionality not selected only the rating is used to evaluate a stock.
Has the mark "Use distance for rating“ an impact the history?
Yes, a stock's historical valuations are automatically adjusted based on the selection.
Has the mark "Use distance for rating' an impact on the daily recommended buy and sell email?
Yes, depending on the setting, the corresponding new purchase recommendations are displayed in the daily updated e-mail - either rated only according to the rating or rated according to rating and distance.
What does "distance" mean?
We call the "distance" the percentage difference between the current share price and the year's high (52-week high). The high for the year is the highest price the share has achieved in the last 52 weeks.
You have the option of choosing whether the “distance” criterion is also taken into account for a purchase recommendation in addition to the rating. This means that stocks are only recommended for purchase if the current Share price listed at least 10% below year high. The distance regulation should help to find a cheap share.
Do you have feedback on the new functionality?