OMAHA, Neb.--(BUSINESS WIRE)--TD Ameritrade clients can now create a more fully formed view of individual securities through new earnings analysis capabilities on the thinkorswim® trading platform from TD Ameritrade, Inc.1 The new capabilities streamline research by combining historic data investors use to analyze a company poised to release earnings into a single visual, including consensus expectations from Estimize.2
Through a new relationship with Estimize, thinkorswim users can view a security's projected range of earnings and revenues from third-party Wall Street analysts along with crowdsourced estimates for past and upcoming earnings periods. Estimize is an open financial estimates platform that aggregates fundamental estimates on more than 2,100 U.S.-listed securities from a diverse set of more than 3,000 independent, buy-side and sell-side analysts, private investors and students. The Estimize model has been validated by researchers from the University of San Diego, Rice University, Michigan State University, and University of Kentucky3. In fact, the Estimize consensus has proven to be more accurate than comparable sell-side data sets over 74 percent of the time. The company was named one of the world’s top 10 most innovative companies in finance in 2014 by Fast Company.
"We’re kicking earnings analysis into overdrive for our clients as part of our mission to level the playing field," said Nicole Sherrod, managing director of trading, TD Ameritrade. "The impact of Estimize has been well-documented by academics. Combining Estimize data with our expertise on options trading platforms and post-earnings price movement can revolutionize how retail investors trade earnings.”
Additionally, TD Ameritrade has made it even easier for clients to conduct in-depth historical analysis on individual securities. Investors can go back as far as two years and make quarter-by-quarter comparisons to get a more complete picture of a security's activity. Earnings events from each of the previous eight quarters can be viewed side-by-side, along with five days of pricing and volatility data before and after the event.
Investors can overlay and filter each quarter's most important measures, including price history, historical and implied volatility, the at-the-money straddle price, and its projected and actual earnings. Quarters can also be filtered by whether they “beat”, “met”, or “missed” the earnings or revenue estimates of Wall Street or Estimize.
The new capabilities are accessible via the Earnings tab on the thinkorswim platform, along with several other improvements:
- Candlestick pattern creation: Users can create their own Candlestick patterns that include any number of Up, Down, or Doji candles with any given relationship to one another by drawing the pattern they want to see.
- Studies on Active Trader Ladder: Users can add indicators of their studies to the Price column of the Active Trader ladder.
- Product Depth Futures Curve enhancements: Developed with the more advanced retail trader in mind, users can now see the change in price contract over contract for any futures product.
- Studies: Seven new studies and seven new strategies from Technical Analysis of Stocks & Commodities were added to the charting package, which already was the most comprehensive available to retail investors.
For more on the new earnings analysis capabilities, please visit: https://youtu.be/h5FGcb07sV4.
For
more information on the new patterns capabilities, please visit: https://youtu.be/Eh6nEFhEnbo.
Past performance of a security, strategy or index is no guarantee of future results or investment success.
1. TD Ameritrade, Inc. is a broker dealer subsidiary of TD Ameritrade Holding Corporation.
2. Earnings estimates and other information are provided by separate, unaffiliated firms. TD Ameritrade assumes no responsibility for the accuracy, completeness or timeliness of the information. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision.
3. “The Value of Crowdsourcing: Evidence from Earnings Forecasts.”
Adebambo, B.N., and Bliss, B.A., University of San Diego. 2015.
“Crowdsourcing
Forecasts: Competition for Sell-side Analysts?” Johnston, R. Rice
University. 2013.
“Harnessing the Wisdom of Crowds.” Da, Z. and
Huang, X. Michigan State University. 2015.
“Does Crowdsourced
Research Discipline Research Analysts?” Jame, R. University of Kentucky.
2016.
For the latest TD Ameritrade news and information, follow the Company on Twitter, @TDAmeritradePR.
Source: TD Ameritrade Holding Corporation
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