The latest version of Marketscan ver 4.5 is available from the Support - Downloads page.
If you wish to back up your "My Searches and Lists" file prior to upgrading simply copy the MySearchesandLists file located in C:\Documents and Settings\YOUR NAME\Application Data\Paritech\Marketscan folder to My Documents then copy back to the same location after the upgrade. This proceedure is for Windows XP, for Vista and Win 7,8,10 you will need to go to C:\Users\YOUR NAME\AppData\Roaming\Paritech\MarketScan folder.
When you start MarketScan you will be asked to input your user name and password. These details will have been allocated to you by Paritech when you account was initially opened. In the case of existing Paritech clients, the username and password you use to download data are to be used to log onto MarketScan.
Once you have done this the Main Menu of Paritech MarketScan will appear. The Main Menu displays all of the high level functions from which you can access either pre-defined scans or alternatively look to create your own scans and/or watch lists
The introduction of Paritech's MarketScan will give investors access to the same information professional's use in their day to day trading. Paritech's MarketScan comes with a series of pre-programmed scans, including a Sector Index Performance scan, which is will rank the performance of all ASX S&P Indices over the last three months. And how easy is it to run this scan? Well, lets walk through the steps and see. To run Paritech's Index Performance scan we simply highlight the criteria we want and click on "Search" from the menu in the bottom pane.
Having done this Paritech's MarketScan will then display results.
And its that easy. Now lets look at the results - as we pan left to right we can see the Index symbol, Index name and its three month percentage change. Moving down the list we can see the Indexes have been ranked by their relative performance from strongest to weakest.
Next we might want to know which stocks make up some of the better performing Indices. For the purpose of this exercise, lets assume that we believe that Consumer Staples will out perform the broader market over the coming twelve months and therefore we want to further our research of stocks in this area.
So lets see how we identify which stocks make up Consumer Staples. To do this we simply go back to the Main Menu screen and select the Rank Shares in Industry by Performance scan.
Once selected, The List screen and Index menu window appear and you are asked to click on the drop down menu and select Retail. Having done this click on ok and MarketScan will compile a list of stocks.
We can now see the relevant stocks, as listed by their ASX code, name and their three month percentage price change.
I'M GETTING AN ERROR MESSAGE WHEN I START MARKETSCAN
This is due to the way Windows Vista and Windows 7,8,10 denies access to the internet for certain programs.....To eliminate this error locate the Marketscan.exe file (usually here C:\Program Files or Program Files x86\Paritech\MarketScan folder) right click on it and select Properties....in the Properties window click on the Compatibility tab and at the bottom under "Privilage Level" put a tick in Run as Administrator click Apply then OK ....start Marketscan.
Some helpful Marketscan articles
Just 'ASK ME'!
The main menu of MarketScan is designed to represent a standard fol
A very useful command allowing an immediate data entry option during a MarketScan search.
Basically you can ask MarketScan to Search for varying criteria, such as:
PERatio < 25
But, you may want to change the number during the scan without having to go back to the search facility. Instead of the number, just replace it with the AskMe command, you must ensure the information your searching against is typed within brackets as is recognised by MarketScan. e.g.
PERatio < AskMe(PERatio)
This example search provides two AskMe options, please note the number of options permitted in MarketScan is unlimited.
Boolean Operations in MarketScan for Advanced Users
MarketScan can now apply advanced analysis through the Boolean operator 'OR' command on a search line. This technique will allow you to apply two opposing criteria's, or advanced combinations of criteria in the one search line. As an example; Find stocks which have a % change < -2% or % change > 2%, the result will provide all stocks excluding those with a percentage change between -2 and 2%. This facility can be used on all search criteria if mathematically correct.
To use this functionality, select and type your criteria fields into the first Select a Field Window, then places a space in the next two Select a Field Windows and add criteria.
MarketScan Difference Command
One of the advanced features available within MarketScan allows you to search for the difference between varying fields.
This is a very useful way to identify equities where the growth of one year is greater than the growth experienced for the same field over multiple years. In the example below Earnings Growth represents the growth rate over the total period of 6 years, and the One Year represents the past 12 months reporting period.
You can apply this Difference Command to any fields where the information is represented in percentage form.
Using MarketScan to find Ethical Stock Opportunities
It's too difficult to rely on your memory, or the press to determine which companies are involved in 'unethical' activity. It's even more difficult to determine those companies through their name alone.
However, with MarketScan you can quickly and simply search for companies which you may deem 'unethical' and construct other scanning criteria around this search to help with your investment selection process.
Within the MarketScan Search fields, use the Company Info Field and select 'Principle Activity' followed by <> (i.e. is not equal to) and then the unethical subject matter entered within a wild card search such as '*firearms*'.
Repeat the process again and add Business Summary instead of Principle Activity to ensure you further eliminate the companies you deem as 'unethical'.
Here's how it looks:
PrincipleActivity <> '*firearms*'
PrincipleActivity <> '*gaming*'
PrincipleActivity <> '*military*'
PrincipleActivity <> '*alcohol*'
PrincipleActivity <> '*gambling*'
PrincipleActivity <> '*sex*'
PrincipleActivity <> '*adult*'
PrincipleActivity <> '*nuclear*'
PrincipleActivity <> '*animal testing*'
BusinessActivity <> '*firearms*'
BusinessActivity <> '*gaming*'
BusinessActivity <> '*military*'
BusinessActivity <> '*alcohol*'
BusinessActivity <> '*gambling*'
BusinessActivity <> '*sex*'
BusinessActivity <> '*adult*'
BusinessActivity <> '*nuclear*'
BusinessActivity <> '*animal testing*'
And so on.
Once completed, you can save this search and use it again with different fundamental or technical criteria included.
Searching for Key Words
Just imagine you are watching the TV one evening. The news break comes on and gets your attention, Today's Stock Market Report. The presenter starts by giving you the days All Ords and then says "In the latest news, ASX companies working on VACCINES stand to benefit greatly from the overseas rush. In particular those companies with revenues and good business models."
What do you do next? It would be great to work out who these companies are, and, to see information helping you make a good investment decision.
With the new Paritech MarketScan, its a simple process for anyone. The first step is to create a new SEARCH, then add a 'wildcard' criteria which allows you to look for key words in the companies Business Summary. This is constructed by choosing Company Info, selecting Business Summary , adding a = operator and adding the word you wish to search for, i.e.
Business Summary = "*vaccine*"
Lastly, you want to determine which of these companies have good business models, one which I will base on the companies Net Profit Margin being greater than the Industries Average Net Profit Margin.
This is completed by selecting the Financials Field, choosing Net Profit Margin, selecting the greater (>) operand and then choosing the choosing Financials Field to end the search and selecting the Industry Average Net Profit Margin, that is:
Net Profit Margin > Industry Average Net Profit Margin
Lastly, within the SORT BY function we will sort by Revenue.
Once completed, you can save the search for future reference and RUN, the results of the search are then displayed. You can either add numerous other fields, or you can display complete company reports to further research your results.
The diagram below shows you the Search Criteria completed within MarketScan.
* Please note, this example is not intended as any form of recommendation.
MarketScan Moving Average Cross Over
A number of clients have asked us how to run a scan on MarketScan which identifies those stocks where the current price is a cross over of two moving averages.
We have simplified the process and have included the search in the first of the Example Searches in the Paritech Searches Folder now available for all to see.
SevenDayMA > ThirtyTwoDayMA
YesterdaysSevenDayMA < YesterdaysThirtyTwoDayMA
This search formula can be used on Equities or Derivatives. The number of days used must correspond with the range of days available within the Technical Analysis Tab - Moving Average.
Combining Time Periods into MarketScan
For the avid MarketScan user, one of the powerful features is the ability to add time periods into your searches. Adding a time period is very simple and can be completed in the following ways:
You can incorporate searches where you enter the word Today in the field entry 3 . For example
Show me Securities where the DividendEx Date is greater than Today (note remember to use a capital T)
In addition to using the Today option, you can extend this by adding the plus or minus sign and the number of days of interest. For example Today + 30, or, Today -14
Another option is to directly specify the date in the following format "dd/mm/yy". Using inverted commas surrounding the date. For example, show me Exchange Traded Options with an Expiry Date less than "28/03/02".
Here are some direct example searches utilising the date option:
Type = 'Equity'
DividendExDate > Today
DividendExDate < Today + 30
DividendPaidDate > Today + 30
DividendPaidDate < Today + 60
DividendAmount >= 0.01
Type = 'Exchange Traded Option'
UnderlyingProduct = 'NAB'
ExcercisePrice < '28/06/02'
How to Trade with MarketScan
The traditional philosophy of knowing when to enter a stock is only as good as knowing when to exit a position. This is important to maximize your gains and minimize any losses. Gaining a system showing both entry and exit is possible in MarketScan by designing your own separate entry and exit strategies based around multiple criteria.
For example: A momentum trader looking to enter a viable position with certain fundamental criteria can compliment this entry search with a follow up filter search which identifies getting out of a security in the list at the appropriate time.
Here's an example of Entry Search:
Type = Equity
Capitalisation > 100000000
Volume > 50Day AverageVolume * 2
LastPrice > TwentyOneDayMovingAverage
LastPrice > ThreeMonthHigh
Run the scan. Once you have reviewed the securities and are content with entering positions on these, delete stocks you do not intend to enter into positions with, then save the list and record a Date in the List's name. For Example:
Momentum Entry List 1/12/02
To determine the Exit Strategy you have a number of decisions to make regarding the profit margin, or the loss stop, or even the turn back of a security (trailing stop). Once you make these decisions you can apply a Filter approach over the list on an hourly, daily or weekly basis and this will give you an indication of exit by displaying those securities of the original list which meet that exit criteria.
For example, on the list we created above, we may have decided to take 3 entry positions. After a suitable period, lets say 2 days, you would recall the list and run a Filter search to provide the exit. By clicking 'Filter Securities' you can now select:
LastPrice < 21Day moving average
This will identify those stocks from your holding list where the stocks have had a pull back and indicating the securities to exit at this time based on the criteria of your choice. You may find the Filtering does not change the Security list which is your confirmation to continue to hold the positions of the list.
The ability to build varying searches meeting individual requirements is now further enhanced by helping you build corresponding review or exit strategies on the outcome of your lists.
* Information provided by Paritech is not to be taken as Securities recommendations or Investment advice.