This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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Active Picks refers to the number of picks/trades, entered by motley fool members, that are currently active.
A pick is a trade or a prediction made by a motley fool member. Traders predict whether a stock will outperform or underperform the S&P 500 in a specific time frame.
For each stock, the number of picks made that are still active given the time frame used in prediction are available on the fool.com website. This data is downloaded by this trading object and added to a custom database "caps". The database contains one field (picks) that gets the daily number of active picks for stocks listed in the US market. The CAPS database contains data for more than 5000 US Stocks.
You can access this data using the vector-based language and create trading rules based on it. Here is a trading rule example: Buy stocks with a 100% increase in the number of picks compared to the average number of picks in the previous week.
You can also access CAPS ratings using the following downloader Daily CAPS Ratings or download CAPS rating history data using Historical Data of CAPS Ratings. CAPS rating is comprised between 0 and 5. The more Motley fool members believe that a stock will outperform the S&P 500, the higher the CAPS Rating value of this stock will become.
For example, as of August 7, 2010, Apple (Ticker Symbol: AAPL) is the stock that have the most active picks with 24287 picks. It is followed by Google with 15955 picks, General Electric Company with 15544 picks, Microsoft Corporation with 13870 picks, Johnson & Johnson with 13096 picks and Citigroup with 10521 picks.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
